Invesco S&P SmallCap Quality ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.1x P/Sales
ratio
1.3x
P/BV
ratio
2.0x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P SmallCap Quality Portfolio tracks an index of US small-cap stocks selected by return on equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market cap.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Apr 06, 2017
Assets (mns) $9
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 121
Wgt avg mkt cap (mns) $1,999
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.8%
Small cap (<$2bn) 55.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXPONENT INC 2.3 %
POWER INTEGRATIONS INC 2.3 %
BROOKS AUTOMATION INC 2.2 %
SIMPSON MANUFACTURING CO INC 2.2 %
PROTO LABS INC 2.1 %
WD-40 CO 2.0 %
BALCHEM CORP 1.9 %
COMMUNITY BANK SYSTEM INC 1.8 %
LEXINGTON REALTY TRUST 1.8 %
INTEGER HOLDINGS CORPORATION 1.7 %
Total 20.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
CAYMAN ISLANDS 2.2 %
PUERTO RICO 1.2 %
BERMUDA 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.0% -2.6% -- -- 2.0%

Market Correlations
versus... Beta R-squared
S&P500 1.04 82%
MSCI EAFE 1.06 72%
MSCI Emg. Mkts. 0.76 55%

Technical Indicators
Recent close $24.86
30d moving avg. $23.17
Annualized volatility 20.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 12
Turnover 3.4%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $1,578

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P SmallCap Quality ETF ETF based on the alternatives' overlap in portfolio holdings with XSHQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSHQ Expense: 29 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSHQ
Ticker Fund
Name
Overlap1
vs XSHQ
(%)
Expense
ratio
(bp)
Savings
vs XSHQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs XSHQ
(%)
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 55.2 39 -10 6.3 +0.2
XSLV Invesco S&P SmallCap Low Volatility ETF 34.2 25 4 5.9 -0.1
SLYG SPDR S&P 600 Small Cap Growth ETF 30.0 15 14 5.3 -0.8
IJT iShares S&P Small-Cap 600 Growth ETF 30.0 25 4 5.2 -0.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 29.6 16 13 5.3 -0.8
PSCI Invesco S&P SmallCap Industrials ETF 27.5 29 0 6.8 +0.7
SLY SPDR S&P 600 Small Cap ETF 24.8 15 14 7.0 +0.9
SPSM SPDR Portfolio Small Cap ETF 24.7 5 24 7.1 +1.0
IJR iShares Core S&P Small Cap ETF 24.7 7 22 7.1 +1.0
VIOO Vanguard S&P Small-Cap 600 ETF 24.2 10 19 7.0 +0.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 22.9 35 -6 6.3 +0.2
PXSG Invesco S&P SmallCap Momentum ETF 19.8 39 -10 5.2 -0.9
TPSC Timothy Plan US Small Cap Core ETF 19.5 52 -23 7.8 +1.7
PSCT Invesco S&P SmallCap Information Technology ETF 19.0 29 0 5.6 -0.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 18.8 35 -6 8.4 +2.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 18.7 40 -11 6.4 +0.3
IJS iShares S&P Small-cap 600 Value ETF 18.4 25 4 9.1 +3.0
SLYV SPDR S&P 600 Small Cap Value ETF 18.4 15 14 9.2 +3.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 18.2 15 14 9.0 +3.0
PSCF Invesco S&P SmallCap Financials ETF 17.2 29 0 11.8 +5.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 15.7 38 -9 9.1 +3.0
CALF Pacer US Small Cap Cash Cows 100 ETF 15.5 59 -30 11.4 +5.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.4 39 -10 6.8 +0.7
ROGS Hartford Multifactor Global Small Cap ETF 14.9 34 -5 8.1 +2.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 14.8 35 -6 8.4 +2.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 14.0 80 -51 5.5 -0.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.7 29 0 6.0 -0.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.4 35 -6 6.2 +0.2
SQLV Legg Mason Small-Cap Quality Value 13.0 62 -33 7.0 +0.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.0 39 -10 10.3 +4.2
PSC Principal U.S. Small Cap Index ETF 12.9 38 -9 7.1 +1.1
ISMD Inspire Small/Mid Cap Impact ETF 12.7 61 -32 6.9 +0.8
DWAS Invesco DWA SmallCap Momentum ETF 12.4 60 -31 -1.1 -7.2
KSCD KFA Small Cap Quality Dividend Index ETF 12.4 51 -22 6.3 +0.2
SMDV ProShares Russell 2000 Dividend Growers ETF 12.2 40 -11 7.0 +1.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.2 30 -1 7.6 +1.5
RNSC Small Cap US Equity Select ETF 12.0 60 -31 7.6 +1.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 11.7 29 0 1.9 -4.2
AFSM First Trust Active Factor Small Cap ETF 11.6 75 -46 5.7 -0.3
CSML IQ Chaikin U.S. Small Cap ETF 11.1 35 -6 4.7 -1.4
JSML Janus Henderson Small Cap Growth Alpha ETF 10.7 35 -6 6.2 +0.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 10.7 29 0 8.8 +2.8
EES WisdomTree SmallCap Earnings Fund 10.6 38 -9 11.3 +5.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.5 12 17 8.1 +2.1
FYC First Trust Small Cap Growth AlphaDEX Fund 10.4 70 -41 2.6 -3.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 10.4 48 -19 6.4 +0.3
DES WisdomTree U.S. SmallCap Dividend Fund 10.2 38 -9 8.7 +2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.1 20 9 6.1 +0.0
IWO iShares Russell 2000 Growth ETF 9.5 24 5 0.7 -5.3
AVUV Avantis U.S. Small Cap Value ETF 9.4 25 4 8.9 +2.9
VTWG Vanguard Russell 2000 Growth Index Fund 9.2 15 14 0.8 -5.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 9.0 39 -10 4.4 -1.7
FYX First Trust Small Cap Core AlphaDEX Fund 8.8 63 -34 6.5 +0.5
PSCH Invesco S&P SmallCap Health Care ETF 8.7 29 0 3.0 -3.1
IWM iShares Russell 2000 ETF 8.7 19 10 3.6 -2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.5 60 -31 8.4 +2.4
VTWO Vanguard Russell 2000 Index Fund 8.4 10 19 3.7 -2.4
VFMF Vanguard U.S. Multifactor ETF 8.3 18 11 7.3 +1.3
VAMO Cambria Value & Momentum ETF 8.1 64 -35 7.4 +1.3
JKK iShares Morningstar Small-Cap Growth ETF 7.9 30 -1 1.3 -4.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.9 24 5 7.7 +1.6
BUY USCF SummerHaven SHPEI Index Fund 7.6 80 -51 10.5 +4.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.6 29 0 10.2 +4.1
IWN iShares Russell 2000 Value ETF 7.5 24 5 7.2 +1.1
JKJ iShares Morningstar Small-Cap ETF 7.5 25 4 6.5 +0.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 7.5 35 -6 9.5 +3.5
VTWV Vanguard Russell 2000 Value Index Fund 7.4 15 14 7.3 +1.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.4 25 4 6.4 +0.3
PSCM Invesco S&P SmallCap Materials ETF 7.3 29 0 9.5 +3.4
PSCC Invesco S&P SmallCap Consumer Staples ETF 7.2 29 0 5.3 -0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.1 20 9 6.0 -0.0
FSMD Fidelity Small-Mid Factor ETF 6.7 29 0 7.0 +0.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.5 35 -6 9.1 +3.0
FYT First Trust Small Cap Value AlphaDEX Fund 6.5 72 -43 9.1 +3.0
VFQY Vanguard U.S. Quality Factor ETF 6.5 13 16 6.1 +0.0
MFMS Motley Fool Small-Cap Growth ETF 6.4 85 -56 -1.9 -8.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.4 30 -1 11.8 +5.7
SCHA Schwab U.S. Small-Cap ETF 6.4 4 25 4.9 -1.2
IUSS Invesco Strategic US Small Company ETF 6.1 23 6 5.9 -0.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.9 35 -6 5.2 -0.8
BFOR Barron's 400 ETF 5.4 66 -37 6.3 +0.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.3 17 12 4.9 -1.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.2 6 23 5.1 -1.0
QABA First Trust NASDAQ ABA Community Bank Index Fund 5.2 60 -31 10.6 +4.5
NUSC Nuveen ESG Small-Cap ETF 5.2 40 -11 5.0 -1.1
PYZ Invesco DWA Basic Materials Momentum ETF 4.8 60 -31 5.9 -0.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.8 70 -41 2.1 -4.0
GEX VanEck Vectors Global Alternative Energy ETF 4.6 63 -34 4.9 -1.2
IWC iShares Micro-Cap ETF 4.6 60 -31 -4.1 -10.2
JHSC John Hancock Multifactor Small Cap ETF 4.6 50 -21 5.8 -0.2
AIRR First Trust RBA American Industrial Renaissance ETF 4.5 70 -41 7.4 +1.3
VBR Vanguard Small Cap Value Index Fund 4.1 7 22 8.4 +2.4
RNMC Mid Cap US Equity Select ETF 4.1 60 -31 7.8 +1.8
VUSE Vident Core US Equity Fund 4.1 48 -19 7.7 +1.7
TDV ProShares S&P Technology Dividend Aristocrats ETF 4.0 45 -16 4.8 -1.3
FVL First Trust Value Line 100 Exchange-Traded Fund 4.0 70 -41 4.9 -1.2
VB Vanguard Small-Cap ETF 3.8 5 24 5.5 -0.6
PHO Invesco Water Resources ETF 3.8 60 -31 3.8 -2.3
FIW First Trust Water ETF 3.8 55 -26 3.8 -2.3

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 SmallCap Quality ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.53
 
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.