Invesco S&P SmallCap Quality ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.2x P/Sales
ratio
1.4x
P/BV
ratio
2.3x Div.
yield
1.6%


  • 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) $4
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) $2,163
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 54.9%
Small cap (<$2bn) 45.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXPONENT INC 2.2 %
SIMPSON MANUFACTURING CO INC 2.0 %
BROOKS AUTOMATION INC 2.0 %
POWER INTEGRATIONS INC 1.9 %
BALCHEM CORP 1.9 %
COMMUNITY BANK SYSTEM INC 1.8 %
LEXINGTON REALTY TRUST 1.8 %
VIAVI SOLUTIONS INC. 1.8 %
JOHN BEAN TECHNOLOGIES CORP 1.8 %
WD-40 CO 1.7 %
Total 18.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
CAYMAN ISLANDS 2.2 %
PUERTO RICO 1.2 %
BERMUDA 0.5 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.3% 3.4% -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.07 72%
MSCI EAFE 1.06 56%
MSCI Emg. Mkts. 0.65 35%

Technical Indicators
Recent close $28.47
30d moving avg. $28.76
Annualized volatility 16.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $1,148

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 5.6%


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
(%)
IJT iShares S&P 600 SmallCap Growth 28.4 25 4 4.9 -0.8
SLYG SPDR S&P600 Small Cap Growth 28.4 15 14 5.0 -0.7
VIOG Vanguard S&P Small-Cap 600 Growth 28.0 16 13 4.8 -0.8
PSCI Invesco S&P Small Cap Industrials 27.2 29 0 6.5 +0.8
PXSG Invesco Fundamental Pure Small Growth 26.8 39 -10 4.7 -1.0
IJR iShares Core S&P Small-Cap 23.2 7 22 6.1 +0.4
SLY SPDR S&P 600 Small Cap 23.2 15 14 6.0 +0.4
SPSM SPDR Portfolio Small Cap 23.2 5 24 6.1 +0.5
VIOO Vanguard S&P Small-Cap 600 23.1 10 19 6.0 +0.3
XSLV Invesco S&P SmallCap Low Volatility 22.8 25 4 6.5 +0.9
RZG Invesco S&P Smallcap 600 Pure Growth 20.9 35 -6 5.9 +0.3
EWSC Invesco S&P Small Cap 600 Equal Weight 19.8 40 -11 5.4 -0.3
CALF Pacer US Small Cap Cash Cows 100 18.3 59 -30 10.3 +4.6
CSF Compass EMP US Discovery 500 Enhanced Vol. 18.2 35 -6 7.3 +1.7
CSA Victory CEMP US Small Cap Volatility Wtd 18.1 35 -6 7.3 +1.7
PSCT Invesco S&P Small Cap Information Technology 18.0 29 0 5.4 -0.2
TPSC Timothy Plan US Small Cap Core 17.8 52 -23 6.9 +1.3
SCAP AdvisorShares Cornerstone Small Cap 17.8 90 -61 3.8 -1.9
SLYV SPDR S&P600 Small Cap Value 17.4 15 14 7.3 +1.7
VIOV Vanguard S&P Small-Cap 600 Value 17.4 15 14 7.3 +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%.

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 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 13.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.56
 
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.