Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.0x
P/BV
ratio
4.5x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF tracks an index of large-cap US equities, selected for positive price sensitivity to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Apr 06, 2015
Assets (mns) $51
Currency USD
Expense ratio 25 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Volatility
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $112,415
Large cap (>$10bn) 97.1%
Mid cap ($2-10bn) 2.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 1.3 %
BRISTOL-MYERS SQUIBB CO 1.3 %
ELECTRONIC ARTS INC 1.3 %
ABBVIE INC 1.2 %
PERKINELMER INC 1.2 %
EXPEDITORS INTL WASH INC 1.2 %
EBAY INC 1.2 %
C.H. ROBINSON WORLDWIDE INC 1.2 %
AGILENT TECHNOLOGIES INC 1.2 %
MERCK & CO. INC. 1.2 %
Total 12.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 2.9 %
BRITAIN 2.8 %
SWITZERLAND 1.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.5% 2.5% 12.1% -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 93%
MSCI EAFE 0.86 81%
MSCI Emg. Mkts. 0.70 68%

Technical Indicators
Recent close $42.23
30d moving avg. $41.55
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.9%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $58,131

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with XRLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XRLV Expense: 25 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XRLV
Ticker Fund
Name
Overlap1
vs XRLV
(%)
Expense
ratio
(bp)
Savings
vs XRLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs XRLV
(%)
SPLV Invesco S&P 500 Low Volatility ETF 63.8 25 0 5.5 -0.3
DEF Invesco Defensive Equity ETF 56.0 55 -30 5.2 -0.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 39.0 70 -45 4.8 -1.1
FLLV Franklin Liberty U.S. Low Volatility ETF 36.9 29 -4 4.9 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 35.2 15 10 5.9 +0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 34.2 30 -5 4.6 -1.3
USMV iShares Edge MSCI Min Vol USA ETF 33.5 15 10 5.3 -0.5
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 32.3 60 -35 3.5 -2.3
FTCS First Trust Capital Strength ETF 30.9 58 -33 5.0 -0.8
LSLT Salt Low truBeta US Market ETF 30.8 60 -35 5.7 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 30.7 25 0 5.6 -0.3
GBLO Global Beta Low Beta ETF 30.2 29 -4 7.3 +1.5
AFLG First Trust Active Factor Large Cap ETF 30.0 55 -30 4.6 -1.2
JOET Virtus Terranova US Quality Momentum ETF 29.4 29 -4 4.6 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 29.1 15 10 5.3 -0.6
ROUS Hartford Multifactor US Equity ETF 28.9 19 6 5.8 0.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 28.4 40 -15 6.3 +0.5
JMIN JPMorgan U.S. Minimum Volatility ETF 28.3 12 13 5.3 -0.6
VOOV Vanguard S&P 500 Value ETF 28.2 10 15 6.6 +0.8
ESGV Vanguard ESG U.S. Stock ETF 28.0 12 13 4.5 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 27.6 4 21 6.1 +0.2
JQUA JPMorgan U.S. Quality Factor ETF 27.2 12 13 5.0 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 27.1 27 -2 4.9 -1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.8 17 8 6.1 +0.2
MGV Vanguard Mega Cap Value ETF 26.7 7 18 6.5 +0.6
EPS WisdomTree U.S. Earnings 500 Fund 26.6 8 17 5.9 +0.1
FDLO Fidelity Low Volatility Factor ETF 26.2 29 -4 4.9 -0.9
FQAL Fidelity Quality Factor ETF 26.2 29 -4 5.0 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 25.8 28 -3 6.1 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 25.8 25 0 5.9 +0.1
PSET Principal Price Setters Index ETF 25.6 15 10 4.6 -1.2
LGLV SPDR Russell 1000 Low Volatility ETF 25.6 12 13 5.2 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.5 30 -5 5.0 -0.8
OUSA O'Shares FTSE US Quality Dividend ETF 25.5 48 -23 5.5 -0.4
MGC Vanguard Mega Cap Index Fund 25.2 7 18 4.6 -1.3
PFM Invesco Dividend Achievers ETF 25.2 53 -28 5.0 -0.8
DSTL Distillate US Fundamental Stability & Value ETF 25.1 39 -14 5.7 -0.2
IWX iShares Russell Top 200 Value ETF 25.1 20 5 6.1 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.1 20 5 4.8 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.0 9 16 4.8 -1.1
PBP Invesco S&P 500 BuyWrite ETF 25.0 49 -24 4.3 -1.5
JHMH John Hancock Multifactor Healthcare ETF 24.9 40 -15 5.8 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 24.8 0 25 4.4 -1.4
VYM Vanguard High Dividend Yield Index ETF 24.8 6 19 6.7 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 24.7 4 21 6.4 +0.6
IVE iShares S&P 500 Value ETF 24.7 18 7 6.3 +0.4
VTV Vanguard Value Index Fund 24.7 4 21 6.6 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 24.7 60 -35 4.4 -1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.7 10 15 4.8 -1.0
IWL iShares Russell Top 200 ETF 24.6 15 10 4.4 -1.5
SUSL iShares ESG MSCI USA Leaders ETF 24.6 10 15 4.8 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.5 30 -5 5.2 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 24.5 27 -2 4.3 -1.5
DTD WisdomTree U.S.Total Dividend Fund 24.4 28 -3 6.2 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.3 27 -2 4.6 -1.2
SPY SPDR S&P 500 ETF Trust 24.3 9 16 4.7 -1.2
IVV iShares Core S&P 500 ETF 24.3 3 22 4.7 -1.1
SPLG SPDR Portfolio Large Cap ETF 24.3 3 22 4.7 -1.1
ACIO Aptus Collared Income Opportunity ETF 24.2 79 -54 3.8 -2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.1 15 10 5.8 -0.1
VOO VANGUARD S&P 500 ETF 23.9 3 22 4.8 -1.1
OEF iShares S&P 100 ETF 23.9 20 5 4.2 -1.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.8 28 -3 6.0 +0.2
JKD iShares Morningstar Large-Cap ETF 23.5 20 5 4.7 -1.1
XVV iShares ESG Screened S&P 500 ETF 23.5 8 17 4.9 -1.0
IUSV iShares Core S&P U.S. Value ETF 23.5 4 21 6.4 +0.6
VONV Vanguard Russell 1000 Value Index Fund 23.4 8 17 6.2 +0.3
SFY SoFi Select 500 ETF 23.3 0 25 4.6 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.2 7 18 4.5 -1.3
RNLC Large Cap US Equity Select ETF 23.2 60 -35 5.2 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 23.1 49 -24 4.7 -1.2
VV Vanguard Large-Cap Index Fund 23.1 4 21 4.6 -1.3
CLRG IQ Chaikin U.S. Large Cap ETF 23.0 25 0 5.0 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.0 2 23 4.6 -1.2
QUAL iShares MSCI Usa Quality Factor ETF 23.0 15 10 5.0 -0.9
PBUS Invesco PureBeta MSCI USA ETF 22.9 4 21 4.6 -1.3
IQSU IQ Candriam ESG US Equity ETF 22.9 9 16 4.5 -1.4
RGI Invesco S&P 500 Equal Weight Industrials ETF 22.8 40 -15 4.3 -1.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 22.8 15 10 4.6 -1.2
EFIV SPDR S&P 500 ESG ETF 22.6 10 15 4.6 -1.3
SNPE Xtrackers S&P 500 ESG ETF 22.6 10 15 4.6 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 22.6 15 10 4.4 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 22.5 3 22 4.8 -1.1
IWD iShares Russell 1000 Value ETF 22.5 19 6 6.0 +0.2
FDRR Fidelity Dividend ETF for Rising Rates 22.5 29 -4 5.9 +0.1
SCHX Schwab U.S. Large-Cap ETF 22.4 3 22 4.5 -1.3
RNDV US Equity Dividend Select ETF 22.4 50 -25 7.4 +1.6
RWL Invesco S&P 500 Revenue ETF 22.4 39 -14 6.3 +0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.3 38 -13 7.6 +1.7
DGRO iShares Core Dividend Growth ETF 22.2 8 17 6.0 +0.1
IUS Invesco Strategic US ETF 22.2 19 6 5.5 -0.4
JHML John Hancock Multifactor Large Cap ETF 22.1 29 -4 4.8 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 22.1 30 -5 6.7 +0.9
SCHK Schwab 1000 Index ETF 22.0 5 20 4.6 -1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.0 20 5 4.6 -1.3
IWB iShares Russell 1000 ETF 21.9 15 10 4.4 -1.4
XLG Invesco S&P 500 Top 50 ETF 21.9 20 5 4.0 -1.8

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 500 ex-Rate Sensitive Low Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.7 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.49
 
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.