Invesco S&P MidCap Momentum ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.5x P/Sales
ratio
2.3x
P/BV
ratio
3.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P MidCap Momentum ETF tracks the S&P Midcap 400 Momentum Index which holds 80 securities in the S&P Midcap 400 Index that have the highest momentum scores.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $701
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 74
Wgt avg mkt cap (mns) $8,161
Large cap (>$10bn) 25.8%
Mid cap ($2-10bn) 73.8%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BROWN & BROWN INC 3.7 %
GENERAC HOLDINGS INC 3.6 %
FAIR ISAAC CORP 3.5 %
TERADYNE INC 3.4 %
POOL CORP 3.3 %
CABLE ONE INC 3.3 %
SOLAREDGE TECHNOLOGIES, INC. 3.0 %
CATALENT INC 2.3 %
MASIMO CORPORATION 2.1 %
FACTSET RESEARCH SYSTEMS INC 2.1 %
Total 30.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
BERMUDA 2.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.7% 9.6% 14.8% -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 1.11 79%
MSCI EAFE 1.06 61%
MSCI Emg. Mkts. 0.72 46%

Technical Indicators
Recent close $65.84
30d moving avg. $61.69
Annualized volatility 21.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.8%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 81
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $4,066

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P MidCap Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with XMMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XMMO Expense: 39 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XMMO
Ticker Fund
Name
Overlap1
vs XMMO
(%)
Expense
ratio
(bp)
Savings
vs XMMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs XMMO
(%)
IJK iShares S&P Mid-Cap 400 Growth ETF 36.8 24 15 4.7 +0.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 36.8 15 24 4.8 +0.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 36.8 15 24 4.7 +0.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 36.7 35 4 3.9 -0.5
EQWM Invesco S&P MidCap Quality ETF 28.9 25 14 6.1 +1.7
XMLV Invesco S&P MidCap Low Volatility ETF 28.2 25 14 5.5 +1.1
MDY SPDR S&P Midcap 400 ETF Trust 27.8 23 16 6.2 +1.8
SPMD SPDR Portfolio Mid Cap ETF 27.8 5 34 6.3 +2.0
IJH iShares Core S&P Mid-Cap ETF 27.8 6 33 6.3 +2.0
IVOO Vanguard S&P Mid-Cap 400 ETF 27.6 10 29 6.2 +1.9
SMDY Syntax Stratified MidCap ETF 25.2 30 9 6.1 +1.7
AFMC First Trust Active Factor Mid Cap ETF 24.9 65 -26 5.9 +1.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 23.4 48 -9 5.5 +1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 19.6 40 -1 6.8 +2.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 18.2 80 -41 5.1 +0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 17.8 70 -31 2.0 -2.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 17.3 7 32 5.3 +0.9
RWK Invesco S&P MidCap 400 Revenue ETF 16.2 39 0 7.7 +3.3
MDYV SPDR S&P 400 Mid Cap Value ETF 16.1 15 24 8.3 +3.9
IJJ iShares S&P Mid-Cap 400 Value ETF 16.1 25 14 8.2 +3.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 16.0 15 24 8.3 +4.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 15.1 49 -10 2.0 -2.4
SFYX Sofi Next 500 ETF 13.9 0 39 5.7 +1.4
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 13.8 40 -1 6.1 +1.7
FSMD Fidelity Small-Mid Factor ETF 13.7 29 10 6.7 +2.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.4 30 9 7.2 +2.9
JHSC John Hancock Multifactor Small Cap ETF 12.0 42 -3 5.6 +1.3
SCHM Schwab U.S. Mid-Cap ETF 11.7 4 35 6.0 +1.6
JKK iShares Morningstar Small-Cap Growth ETF 11.6 30 9 1.0 -3.3
NUSC Nuveen ESG Small-Cap ETF 11.3 40 -1 4.9 +0.5
VBK Vanguard Small-Cap Growth Index Fund 11.3 7 32 2.2 -2.2
OSCV Opus Small Cap Value Plus ETF 11.2 79 -40 5.1 +0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 11.2 61 -22 6.4 +2.1
VB Vanguard Small-Cap ETF 11.1 5 34 5.2 +0.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.1 75 -36 1.2 -3.2
VBR Vanguard Small Cap Value Index Fund 11.0 7 32 8.1 +3.7
RNMC Mid Cap US Equity Select ETF 11.0 60 -21 7.3 +2.9
PRN Invesco DWA Industrials Momentum ETF 11.0 60 -21 2.8 -1.6
EZM WisdomTree U.S. MidCap Earnings Fund 10.9 38 1 8.8 +4.4
DON WisdomTree U.S. MidCap Dividend Fund 10.8 38 1 7.4 +3.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 10.3 24 15 6.6 +2.2
PXMV Invesco S&P MidCap Value with Momentum ETF 9.9 39 0 9.7 +5.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 9.9 17 22 4.9 +0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 9.7 6 33 5.0 +0.7
AFSM First Trust Active Factor Small Cap ETF 9.7 75 -36 5.3 +0.9
JKJ iShares Morningstar Small-Cap ETF 9.3 25 14 6.4 +2.0
KLCD KFA Large Cap Quality Dividend Index ETF 9.1 41 -2 5.1 +0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.1 20 19 4.6 +0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 9.0 63 -24 6.2 +1.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 8.9 30 9 5.5 +1.1
SMMD iShares Russell 2500 ETF 8.8 15 24 5.6 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 8.6 24 15 6.0 +1.6
VXF Vanguard Extended Market Index Fund 8.5 7 32 3.5 -0.9
BKSE BNY Mellon US Small Cap Core Equity ETF 8.5 4 35 5.8 +1.5
SCHA Schwab U.S. Small-Cap ETF 8.5 4 35 4.4 +0.1
USMF WisdomTree U.S. Multifactor Fund 8.3 28 11 5.3 +0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 8.2 25 14 6.2 +1.9
USRT iShares Core U.S. REIT ETF 7.9 8 31 7.3 +2.9
VUSE Vident Core US Equity Fund 7.6 48 -9 7.5 +3.1
PSL Invesco DWA Consumer Staples Momentum ETF 7.6 60 -21 5.7 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 7.6 29 10 3.0 -1.3
LOUP Innovator Loup Frontier Tech ETF 7.6 70 -31 3.7 -0.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 7.6 99 -60 1.5 -2.9
JHMM John Hancock Multifactor Mid Cap ETF 7.5 42 -3 5.5 +1.2
FRI First Trust S&P REIT Index Fund 7.4 50 -11 6.8 +2.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.4 66 -27 2.2 -2.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 7.3 11 28 7.2 +2.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 7.3 20 19 6.8 +2.4
FCPI Fidelity Stocks for Inflation ETF 7.2 29 10 6.7 +2.3
REZ iShares Residential Real Estate Capped ETF 7.2 48 -9 6.3 +1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 7.1 20 19 6.2 +1.9
PSR Invesco Active U.S. Real Estate Fund 7.1 35 4 6.1 +1.7
VSDA VictoryShares Dividend Accelerator ETF 7.1 35 4 4.8 +0.4
PPTY PPTY-U.S. Diversified Real Estate ETF 7.0 53 -14 6.3 +1.9
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.0 60 -21 8.5 +4.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.0 17 22 6.2 +1.8
DVLU First Trust Dorsey Wright Momentum & Value ETF 7.0 60 -21 8.3 +4.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.9 30 9 5.4 +1.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 6.8 29 10 6.7 +2.4
GRI ALPS REIT Dividend Dogs ETF 6.6 35 4 16.5 +12.1
SCHH Schwab U.S. REIT ETF 6.6 7 32 6.6 +2.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.5 20 19 9.2 +4.9
IUSS Invesco Strategic US Small Company ETF 6.4 23 16 5.2 +0.8
JKH iShares Morningstar Mid-Cap Growth ETF 6.3 30 9 2.1 -2.2
BFOR Barron's 400 ETF 6.2 65 -26 6.1 +1.7
NUMG Nuveen ESG Mid-Cap Growth ETF 6.2 40 -1 2.2 -2.1
HOMZ Hoya Capital Housing ETF 6.1 45 -6 7.3 +2.9
GQRE FlexShares Global Quality Real Estate Index Fund 6.1 45 -6 6.9 +2.5
FXH First Trust Health Care AlphaDEX Fund 6.1 62 -23 3.8 -0.5
IYR iShares U.S. Real Estate ETF 6.1 42 -3 6.4 +2.1
FREL Fidelity MSCI Real Estate Index ETF 6.1 8 31 6.6 +2.2
BOUT Innovator IBD Breakout Opportunities ETF 6.0 84 -45 3.9 -0.4
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 6.0 25 14 7.5 +3.1
QLV FlexShares US Quality Low Volatility Index Fund 6.0 22 17 4.6 +0.3
PEXL Pacer US Export Leaders ETF 6.0 60 -21 5.6 +1.2
RORE Hartford Multifactor REIT ETF 5.9 45 -6 15.4 +11.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 5.8 35 4 5.2 +0.9
IWP iShares Russell Mid-Cap Growth ETF 5.7 24 15 2.8 -1.5
FXL First Trust Technology AlphaDEX Fund 5.7 61 -22 3.2 -1.2
IQM Franklin Intelligent Machines ETF 5.7 50 -11 1.9 -2.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco S&P MidCap Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.5 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.