Invesco S&P SmallCap Low Volatility ETF
ALTAR
Score™
10.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.0x P/Sales
ratio
1.8x
P/BV
ratio
1.0x Div.
yield
6.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the S&P SmallCap 400 Low Volatility Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Feb 15, 2013
Assets (mns) $1,509
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 121
Wgt avg mkt cap (mns) $1,429
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 22.1%
Small cap (<$2bn) 77.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KKR REAL ESTATE FINANCE TRUST INC. 1.9 %
EASTERLY GOVERNMENT PROPERTIES, IN 1.8 %
AVISTA CORP 1.5 %
WD-40 CO 1.4 %
EL PASO ELECTRIC CO 1.4 %
AMERICAN STATES WATER CO 1.4 %
NORTHWEST NATURAL GAS CO 1.3 %
GETTY REALTY CORP 1.2 %
CALIFORNIA WATER SERVICE GRP 1.2 %
WESTAMERICA BANCORPORATION 1.2 %
Total 14.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %
PUERTO RICO 0.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.0% -3.2% 8.5% -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 0.88 68%
MSCI EAFE 0.79 48%
MSCI Emg. Mkts. 0.49 27%

Technical Indicators
Recent close $33.32
30d moving avg. $41.21
Annualized volatility 14.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.8%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 313
Turnover 0.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,820

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XSLV Expense: 25 bp ALTAR Score™: 10.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSLV
Ticker Fund
Name
Overlap1
vs XSLV
(%)
Expense
ratio
(bp)
Savings
vs XSLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs XSLV
(%)
PSCF Invesco S&P SmallCap Financials ETF 53.9 29 -4 13.9 +3.3
PXSG Invesco S&P SmallCap Momentum ETF 31.0 39 -14 6.9 -3.7
IJR iShares Core S&P Small Cap ETF 29.1 7 18 9.0 -1.6
SLY SPDR S&P 600 Small Cap ETF 29.1 15 10 8.9 -1.6
SPSM SPDR Portfolio Small Cap ETF 29.1 5 20 9.1 -1.5
SLYV SPDR S&P 600 Small Cap Value ETF 29.0 15 10 11.5 +0.9
VIOO Vanguard S&P Small-Cap 600 ETF 28.7 10 15 9.0 -1.6
IJT iShares S&P Small-Cap 600 Growth ETF 28.7 25 0 7.0 -3.6
SLYG SPDR S&P 600 Small Cap Growth ETF 28.6 15 10 7.1 -3.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 28.5 16 9 7.0 -3.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 28.5 15 10 11.5 +0.9
IJS iShares S&P Small-cap 600 Value ETF 28.5 25 0 11.3 +0.8
XSHQ Invesco S&P SmallCap Quality ETF 25.5 29 -4 7.5 -3.1
ROOF IQ US Real Estate Small Cap ETF 25.3 70 -45 13.3 +2.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 24.3 12 13 9.6 -1.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 21.1 39 -14 14.3 +3.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 21.0 40 -15 8.4 -2.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 20.5 30 -5 15.1 +4.6
DES WisdomTree U.S. SmallCap Dividend Fund 19.3 38 -13 11.7 +1.1
PSC Principal U.S. Small Cap Index ETF 18.1 38 -13 10.0 -0.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 17.0 39 -14 8.0 -2.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.8 35 -10 8.5 -2.0
SMDV ProShares Russell 2000 Dividend Growers ETF 16.8 40 -15 7.9 -2.7
TPSC Timothy Plan US Small Cap Core ETF 16.5 52 -27 10.2 -0.4
ISMD Inspire Small/Mid Cap Impact ETF 16.3 61 -36 7.1 -3.5
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 16.0 35 -10 11.0 +0.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 15.7 60 -35 12.5 +1.9
VTWV Vanguard Russell 2000 Value Index Fund 15.0 15 10 9.6 -1.0
RNSC Small Cap US Equity Select ETF 14.8 60 -35 8.9 -1.7
IWN iShares Russell 2000 Value ETF 14.7 24 1 9.4 -1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.5 20 5 7.3 -3.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 14.4 35 -10 9.1 -1.5
FYC First Trust Small Cap Growth AlphaDEX Fund 14.2 70 -45 3.3 -7.2
KSCD KFA Small Cap Quality Dividend Index ETF 13.9 51 -26 6.9 -3.7
ROGS Hartford Multifactor Global Small Cap ETF 13.3 34 -9 11.0 +0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.2 29 -4 7.9 -2.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.0 38 -13 12.6 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 12.2 63 -38 8.3 -2.3
JKJ iShares Morningstar Small-Cap ETF 11.9 25 0 8.5 -2.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 11.3 39 -14 9.3 -1.3
AFSM First Trust Active Factor Small Cap ETF 11.0 75 -50 9.8 -0.8
SCAP AdvisorShares Cornerstone Small Cap ETF 10.8 90 -65 7.2 -3.3
KRE SPDR S&P Regional Banking ETF 10.5 35 -10 14.6 +4.0
FYT First Trust Small Cap Value AlphaDEX Fund 10.4 72 -47 12.6 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.4 20 5 8.2 -2.4
VTWO Vanguard Russell 2000 Index Fund 10.4 10 15 5.3 -5.2
IWM iShares Russell 2000 ETF 10.2 19 6 5.2 -5.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 10.2 39 -14 5.9 -4.6
PSCI Invesco S&P SmallCap Industrials ETF 10.0 29 -4 9.2 -1.4
KBWR Invesco KBW Regional Banking ETF 9.7 35 -10 14.2 +3.6
SRET Global X SuperDividend REIT ETF 9.7 59 -34 22.2 +11.6
RORE Hartford Multifactor REIT ETF 9.6 45 -20 17.6 +7.1
EES WisdomTree SmallCap Earnings Fund 9.3 38 -13 17.1 +6.5
PPTY PPTY-U.S. Diversified Real Estate ETF 9.2 53 -28 7.2 -3.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 9.1 24 1 10.0 -0.5
REM iShares Mortgage Real Estate ETF 9.0 48 -23 26.1 +15.5
MORT VanEck Vectors Mortgage REIT Income ETF 8.8 42 -17 27.4 +16.9
PSCU Invesco S&P SmallCap Utilities ETF 8.8 29 -4 3.4 -7.2
OSCV Opus Small Cap Value Plus ETF 8.4 79 -54 7.4 -3.2
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 8.4 35 -10 11.7 +1.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 8.2 30 -5 9.9 -0.7
SCHA Schwab U.S. Small-Cap ETF 7.7 4 21 6.9 -3.7
KBE SPDR S&P Bank ETF 7.6 35 -10 14.3 +3.7
JKL iShares Morningstar Small Cap Value ETF 7.6 30 -5 13.9 +3.3
VBR Vanguard Small Cap Value Index Fund 7.6 7 18 11.1 +0.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 7.4 48 -23 8.4 -2.2
DWAS Invesco DWA SmallCap Momentum ETF 7.2 60 -35 0.8 -9.7
SDIV Global X SuperDividend ETF 7.1 58 -33 23.2 +12.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.0 25 0 9.1 -1.5
NETL NETLease Corporate Real Estate ETF 7.0 60 -35 9.3 -1.3
IFRA iShares U.S. Infrastructure ETF 6.9 40 -15 7.3 -3.3
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 6.8 29 -4 0.0 -10.5
RTL Pacer Benchmark Retail Real Estate SCTR ETF 6.8 60 -35 13.7 +3.1
AVUV Avantis U.S. Small Cap Value ETF 6.8 25 0 12.8 +2.2
VTWG Vanguard Russell 2000 Growth Index Fund 6.6 15 10 1.7 -8.9
IWO iShares Russell 2000 Growth ETF 6.6 24 1 1.4 -9.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.4 29 -4 10.9 +0.3
FSMD Fidelity Small-Mid Factor ETF 6.2 29 -4 9.3 -1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 6.1 6 19 7.5 -3.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.1 60 -35 11.8 +1.2
VFMV Vanguard U.S. Minimum Volatility ETF 5.7 13 12 5.8 -4.7
JHSC John Hancock Multifactor Small Cap ETF 5.5 50 -25 8.1 -2.5
GRI ALPS REIT Dividend Dogs ETF 5.5 35 -10 18.1 +7.5
CSML IQ Chaikin U.S. Small Cap ETF 5.4 35 -10 12.3 +1.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.3 17 8 6.8 -3.8
TMDV ProShares Russell US Dividend Growers ETF 5.3 35 -10 6.3 -4.3
VRAI Virtus Real Asset Income ETF 5.0 55 -30 13.0 +2.4
NUSC Nuveen ESG Small-Cap ETF 5.0 40 -15 7.0 -3.6
SDY SPDR S&P Dividend ETF 5.0 35 -10 7.7 -2.9
VB Vanguard Small-Cap ETF 4.9 5 20 7.5 -3.0
JKK iShares Morningstar Small-Cap Growth ETF 4.9 30 -5 2.0 -8.5
RNMC Mid Cap US Equity Select ETF 4.8 60 -35 9.4 -1.1
IUSS Invesco Strategic US Small Company ETF 4.7 23 2 8.5 -2.0
USRT iShares Core U.S. REIT ETF 4.2 8 17 8.5 -2.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 4.2 11 14 8.4 -2.2
FRI First Trust S&P REIT Index Fund 4.2 50 -25 8.1 -2.5
VXF Vanguard Extended Market Index Fund 4.0 7 18 5.5 -5.1
BFOR Barron's 400 ETF 4.0 66 -41 8.6 -2.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 4.0 35 -10 21.1 +10.6
VFMF Vanguard U.S. Multifactor ETF 3.8 18 7 10.2 -0.4

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 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 10.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.76 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.