Invesco S&P SmallCap Quality ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
1.7x
P/BV
ratio
1.9x Div.
yield
1.5%


  • 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 03, 2017
Assets (mns) $11
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 120
Wgt avg mkt cap (mns) $2,402
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 43.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STAMPS.COM INC 3.3 %
EXPONENT INC 2.7 %
BROOKS AUTOMATION INC 2.4 %
SIMPSON MANUFACTURING CO INC 2.4 %
MEDPACE HOLDINGS, INC. 2.3 %
PROTO LABS INC 2.3 %
UNIVERSAL FOREST PRODUCTS 2.2 %
MERITAGE HOMES CORP 1.9 %
GREEN DOT CORP-CLASS A 1.9 %
UNIFIRST CORP/MA 1.8 %
Total 23.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
CAYMAN ISLANDS 1.5 %
PUERTO RICO 0.5 %
BERMUDA 0.4 %







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.
-8.9% -4.1% -- -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 1.04 82%
MSCI EAFE 1.06 73%
MSCI Emg. Mkts. 0.72 55%

Technical Indicators
Recent close $27.72
30d moving avg. $26.10
Annualized volatility 19.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $1,381

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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
(%)
XSLV Invesco S&P SmallCap Low Volatility ETF 31.6 25 4 5.7 -0.4
PSCI Invesco S&P SmallCap Industrials ETF 31.2 29 0 6.0 -0.1
IJT iShares S&P Small-Cap 600 Growth ETF 27.3 25 4 4.9 -1.2
SLYG SPDR S&P 600 Small Cap Growth ETF 27.3 15 14 5.0 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 27.0 16 13 4.9 -1.2
PXSG Invesco S&P SmallCap Momentum ETF 26.1 39 -10 4.6 -1.5
SLY SPDR S&P 600 Small Cap ETF 24.2 15 14 6.4 +0.3
SPSM SPDR Portfolio Small Cap ETF 24.2 5 24 6.5 +0.4
IJR iShares Core S&P Small Cap ETF 24.1 7 22 6.5 +0.4
VIOO Vanguard S&P Small-Cap 600 ETF 23.6 10 19 6.5 +0.4
CALF Pacer US Small Cap Cash Cows 100 ETF 20.6 59 -30 10.1 +3.9
IJS iShares S&P Small-cap 600 Value ETF 20.5 25 4 8.1 +2.0
SLYV SPDR S&P 600 Small Cap Value ETF 20.5 15 14 8.2 +2.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 20.4 35 -6 5.6 -0.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 20.0 15 14 8.2 +2.1
PSCF Invesco S&P SmallCap Financials ETF 19.7 29 0 10.6 +4.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.5 40 -11 6.0 -0.1
SSLY Syntax Stratified SmallCap ETF 18.6 30 -1 5.9 -0.2
PSCT Invesco S&P SmallCap Information Technology ETF 16.8 29 0 5.3 -0.9
TPSC Timothy Plan US Small Cap Core ETF 16.8 52 -23 7.6 +1.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 16.3 35 -6 7.6 +1.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.4 35 -6 5.7 -0.4
VAMO Cambria Value & Momentum ETF 13.9 64 -35 6.3 +0.2
AFSM First Trust Active Factor Small Cap ETF 13.8 75 -46 5.2 -0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 13.6 39 -10 5.8 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.4 38 -9 8.2 +2.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.3 39 -10 9.1 +3.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.2 30 -1 7.2 +1.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 13.1 35 -6 7.7 +1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.9 29 0 4.6 -1.5
SMDV ProShares Russell 2000 Dividend Growers ETF 12.8 40 -11 6.1 +0.0
ISMD Inspire Small/Mid Cap Impact ETF 12.8 60 -31 6.0 -0.1
FYT First Trust Small Cap Value AlphaDEX Fund 12.7 72 -43 9.2 +3.1
PSC Principal U.S. Small Cap Index ETF 12.5 38 -9 6.3 +0.2
AVUV Avantis U.S. Small Cap Value ETF 12.4 25 4 8.0 +1.9
SQLV Legg Mason Small-Cap Quality Value 12.0 62 -33 7.2 +1.1
CSML IQ Chaikin U.S. Small Cap ETF 11.7 35 -6 3.6 -2.5
NIFE Direxion Fallen Knives ETF 11.6 50 -21 2.3 -3.8
EES WisdomTree SmallCap Earnings Fund 11.5 38 -9 10.1 +4.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.5 80 -51 5.0 -1.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 11.2 29 0 7.1 +1.0
JSML Janus Henderson Small Cap Growth Alpha ETF 11.0 30 -1 7.2 +1.1
ROGS Hartford Multifactor Global Small Cap ETF 11.0 34 -5 7.4 +1.3
DES WisdomTree U.S. SmallCap Dividend Fund 10.8 38 -9 8.0 +1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 10.6 29 0 0.0 -6.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.6 12 17 7.1 +1.0
FYX First Trust Small Cap Core AlphaDEX Fund 10.6 63 -34 6.1 -0.0
KSCD KFA Small Cap Quality Dividend Index ETF 10.5 51 -22 5.2 -0.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.1 20 9 4.7 -1.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.6 60 -31 7.6 +1.5
IWN iShares Russell 2000 Value ETF 9.1 24 5 6.7 +0.6
RNSC Small Cap US Equity Select ETF 9.0 60 -31 6.8 +0.7
VFMF Vanguard U.S. Multifactor ETF 9.0 19 10 6.7 +0.6
IWM iShares Russell 2000 ETF 8.8 19 10 3.4 -2.7
VTWO Vanguard Russell 2000 Index Fund 8.6 10 19 3.5 -2.6
IWO iShares Russell 2000 Growth ETF 8.5 24 5 -0.1 -6.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.5 29 0 5.7 -0.4
PSCC Invesco S&P SmallCap Consumer Staples ETF 8.5 29 0 5.0 -1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.4 39 -10 3.9 -2.2
VTWG Vanguard Russell 2000 Growth Index Fund 8.3 15 14 -0.0 -6.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 8.1 24 5 6.5 +0.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.9 20 9 4.5 -1.6
PKB Invesco Dynamic Building & Construction ETF 7.9 60 -31 6.1 -0.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.8 30 -1 8.5 +2.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.6 25 4 6.0 -0.1
VTWV Vanguard Russell 2000 Value Index Fund 7.5 15 14 6.9 +0.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.4 60 -31 10.1 +4.0
JKK iShares Morningstar Small-Cap Growth ETF 7.3 30 -1 1.1 -5.0
VFQY Vanguard U.S. Quality Factor ETF 7.1 13 16 5.7 -0.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 7.1 35 -6 7.1 +0.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.7 35 -6 8.7 +2.6
FYC First Trust Small Cap Growth AlphaDEX Fund 6.6 70 -41 1.8 -4.4
PSCH Invesco S&P SmallCap Health Care ETF 6.4 29 0 2.8 -3.3
FSMD Fidelity Small-Mid Factor ETF 6.3 29 0 6.6 +0.5
BFOR Barron's 400 ETF 6.2 65 -36 5.9 -0.2
SCHA Schwab U.S. Small-Cap ETF 6.1 4 25 4.4 -1.7
KRE SPDR S&P Regional Banking ETF 6.1 35 -6 10.6 +4.5
IUSS Invesco Strategic US Small Company ETF 5.9 23 6 4.9 -1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.9 30 -1 5.4 -0.7
BUY USCF SummerHaven SHPEI Index Fund 5.9 80 -51 8.5 +2.4
SYLD Cambria Shareholder Yield ETF 5.7 59 -30 8.5 +2.4
KBWR Invesco KBW Regional Banking ETF 5.6 35 -6 10.7 +4.6
AIRR First Trust RBA American Industrial Renaissance ETF 5.4 70 -41 6.5 +0.4
VUSE Vident Core US Equity Fund 5.3 48 -19 8.4 +2.3
JKJ iShares Morningstar Small-Cap ETF 5.3 25 4 6.3 +0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.0 6 23 5.0 -1.1
NUSC Nuveen ESG Small-Cap ETF 5.0 40 -11 4.8 -1.3
FIW First Trust Water ETF 5.0 55 -26 3.5 -2.6
PHO Invesco Water Resources ETF 4.9 60 -31 3.3 -2.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 4.8 39 -10 6.2 +0.0
PSCM Invesco S&P SmallCap Materials ETF 4.8 29 0 8.9 +2.8
BKSE BNY Mellon US Small Cap Core Equity ETF 4.7 4 25 5.7 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.7 17 12 4.8 -1.3
DWAS Invesco DWA SmallCap Momentum ETF 4.6 60 -31 -2.3 -8.4
TMDV ProShares Russell US Dividend Growers ETF 4.6 35 -6 5.3 -0.8
ITB iShares U.S. Home Construction ETF 4.6 42 -13 7.3 +1.2
RNMC Mid Cap US Equity Select ETF 4.5 60 -31 7.1 +1.0
PSL Invesco DWA Consumer Staples Momentum ETF 4.1 60 -31 5.7 -0.5
IWC iShares Micro-Cap ETF 4.1 60 -31 -3.4 -9.5
VBR Vanguard Small Cap Value Index Fund 4.0 7 22 7.9 +1.7

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 11.6 %
Divided by: Fwd. P/BV 1.8 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
1.62 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.