Invesco S&P SmallCap Low Volatility ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
1.4x
P/BV
ratio
1.6x Div.
yield
2.8%


  • 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 12, 2013
Assets (mns) $1,177
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 120
Wgt avg mkt cap (mns) $1,631
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 34.5%
Small cap (<$2bn) 65.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EL PASO ELECTRIC CO 2.0 %
STURM RUGER & CO INC 1.4 %
ALARM.COM HOLDINGS INC 1.2 %
EXPONENT INC 1.1 %
WD-40 CO 1.1 %
PACIRA PHARMACEUTICALS INC 1.1 %
HEARTLAND EXPRESS INC 1.0 %
HOMEOWNERS CHOICE INC 1.0 %
SPS COMMERCE INC 1.0 %
HUB GROUP INC-CL A 1.0 %
Total 11.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
BERMUDA 0.8 %
CAYMAN ISLANDS 0.8 %
PUERTO RICO 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-32.2% -27.1% 2.9% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.01 66%
MSCI EAFE 1.06 63%
MSCI Emg. Mkts. 0.76 51%

Technical Indicators
Recent close $32.87
30d moving avg. $33.75
Annualized volatility 21.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.8%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 561
Turnover 1.6%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,668

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™: 6.1%


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
(%)
XSHQ Invesco S&P SmallCap Quality ETF 31.3 29 -4 6.8 +0.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 29.5 80 -55 5.7 -0.4
IJT iShares S&P Small-Cap 600 Growth ETF 28.9 25 0 5.2 -1.0
SLYG SPDR S&P 600 Small Cap Growth ETF 28.9 15 10 5.3 -0.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 28.4 16 9 5.3 -0.9
SLY SPDR S&P 600 Small Cap ETF 27.3 15 10 7.2 +1.0
SPSM SPDR Portfolio Small Cap ETF 27.3 5 20 7.3 +1.1
IJR iShares Core S&P Small Cap ETF 27.2 7 18 7.2 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 26.6 10 15 7.3 +1.2
PSCF Invesco S&P SmallCap Financials ETF 25.0 29 -4 11.9 +5.7
IJS iShares S&P Small-cap 600 Value ETF 24.3 25 0 9.5 +3.3
SLYV SPDR S&P 600 Small Cap Value ETF 24.2 15 10 9.5 +3.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 24.1 15 10 9.9 +3.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.5 40 -15 7.1 +1.0
PSCI Invesco S&P SmallCap Industrials ETF 17.4 29 -4 6.7 +0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 17.1 40 -15 7.8 +1.6
TPSC Timothy Plan US Small Cap Core ETF 16.8 52 -27 8.5 +2.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.7 35 -10 6.5 +0.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 16.7 35 -10 8.5 +2.4
DES WisdomTree U.S. SmallCap Dividend Fund 16.4 38 -13 9.0 +2.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 16.3 12 13 8.1 +1.9
ISMD Inspire Small/Mid Cap Impact ETF 15.9 60 -35 6.6 +0.5
SSLY Syntax Stratified SmallCap ETF 15.6 30 -5 6.3 +0.1
PXSG Invesco S&P SmallCap Momentum ETF 15.4 39 -14 5.0 -1.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 15.4 30 -5 11.2 +5.1
ROGS Hartford Multifactor Global Small Cap ETF 14.8 34 -9 8.1 +2.0
PSCT Invesco S&P SmallCap Information Technology ETF 14.2 29 -4 5.7 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 14.1 29 -4 5.7 -0.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.0 20 5 4.8 -1.4
AFSM First Trust Active Factor Small Cap ETF 13.8 75 -50 5.7 -0.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.6 38 -13 9.2 +3.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 13.6 35 -10 6.0 -0.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 13.4 39 -14 7.9 +1.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 13.4 35 -10 9.7 +3.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.3 39 -14 12.0 +5.9
PSC Principal U.S. Small Cap Index ETF 13.0 38 -13 7.2 +1.1
RNSC Small Cap US Equity Select ETF 12.9 60 -35 7.9 +1.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 12.9 35 -10 8.4 +2.3
FYT First Trust Small Cap Value AlphaDEX Fund 11.8 72 -47 9.7 +3.6
KSCD KFA Small Cap Quality Dividend Index ETF 11.7 51 -26 6.7 +0.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.6 30 -5 7.9 +1.8
VTWV Vanguard Russell 2000 Value Index Fund 10.9 15 10 7.6 +1.5
FYX First Trust Small Cap Core AlphaDEX Fund 10.7 63 -38 6.7 +0.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.6 60 -35 11.2 +5.0
IWN iShares Russell 2000 Value ETF 10.1 24 1 7.5 +1.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.1 20 5 6.1 -0.0
IWM iShares Russell 2000 ETF 10.0 19 6 3.7 -2.5
IWO iShares Russell 2000 Growth ETF 9.9 24 1 0.8 -5.4
VTWO Vanguard Russell 2000 Index Fund 9.4 10 15 3.7 -2.4
FYC First Trust Small Cap Growth AlphaDEX Fund 9.4 70 -45 2.5 -3.6
CSML IQ Chaikin U.S. Small Cap ETF 9.4 35 -10 4.3 -1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 8.9 29 -4 1.8 -4.3
EES WisdomTree SmallCap Earnings Fund 8.8 38 -13 11.9 +5.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.7 39 -14 4.3 -1.9
VTWG Vanguard Russell 2000 Growth Index Fund 8.5 15 10 0.8 -5.4
SQLV Legg Mason Small-Cap Quality Value 8.5 62 -37 8.0 +1.9
CALF Pacer US Small Cap Cash Cows 100 ETF 8.5 59 -34 13.5 +7.4
PSCH Invesco S&P SmallCap Health Care ETF 8.2 29 -4 3.0 -3.1
JKJ iShares Morningstar Small-Cap ETF 8.1 25 0 6.8 +0.7
KRE SPDR S&P Regional Banking ETF 7.7 35 -10 11.8 +5.6
PSCC Invesco S&P SmallCap Consumer Staples ETF 7.6 29 -4 5.3 -0.8
JKK iShares Morningstar Small-Cap Growth ETF 7.5 30 -5 1.1 -5.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.4 25 0 6.9 +0.7
BKSE BNY Mellon US Small Cap Core Equity ETF 7.1 4 21 5.8 -0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.0 24 1 7.3 +1.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.9 29 -4 10.0 +3.9
SCHA Schwab U.S. Small-Cap ETF 6.8 4 21 4.7 -1.4
AVUV Avantis U.S. Small Cap Value ETF 6.6 25 0 9.5 +3.4
FSMD Fidelity Small-Mid Factor ETF 6.6 29 -4 7.1 +1.0
KBWR Invesco KBW Regional Banking ETF 6.5 35 -10 11.9 +5.8
PLCY EventShares U.S. Legislative Opportunities ETF 6.5 75 -50 3.7 -2.4
IFRA iShares U.S. Infrastructure ETF 6.4 40 -15 6.2 +0.0
PSCU Invesco S&P SmallCap Utilities ETF 6.4 29 -4 3.4 -2.8
VFMF Vanguard U.S. Multifactor ETF 6.3 19 6 7.2 +1.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.1 35 -10 10.4 +4.2
NIFE Direxion Fallen Knives ETF 6.1 50 -25 2.3 -3.8
AIRR First Trust RBA American Industrial Renaissance ETF 6.0 70 -45 7.7 +1.5
VBR Vanguard Small Cap Value Index Fund 5.9 7 18 8.6 +2.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.6 30 -5 5.7 -0.4
IUSS Invesco Strategic US Small Company ETF 5.6 23 2 5.6 -0.5
VFQY Vanguard U.S. Quality Factor ETF 5.5 13 12 6.1 -0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.5 6 19 5.4 -0.7
VFMV Vanguard U.S. Minimum Volatility ETF 5.4 13 12 3.9 -2.2
ROOF IQ US Real Estate Small Cap ETF 5.4 70 -45 12.2 +6.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.3 17 8 5.2 -0.9
NUSC Nuveen ESG Small-Cap ETF 5.2 40 -15 5.4 -0.7
JHSC John Hancock Multifactor Small Cap ETF 5.2 42 -17 6.0 -0.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 5.1 29 -4 9.6 +3.4
JSML Janus Henderson Small Cap Growth Alpha ETF 5.1 30 -5 7.8 +1.6
XSW SPDR S&P Software & Services ETF 5.0 35 -10 4.0 -2.2
VAMO Cambria Value & Momentum ETF 4.9 64 -39 7.8 +1.6
OSCV Opus Small Cap Value Plus ETF 4.9 79 -54 5.7 -0.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.8 60 -35 8.7 +2.6
BFOR Barron's 400 ETF 4.6 65 -40 6.4 +0.2
KBE SPDR S&P Bank ETF 4.6 35 -10 12.0 +5.8
RORE Hartford Multifactor REIT ETF 4.6 45 -20 15.8 +9.7
SDY SPDR S&P Dividend ETF 4.5 35 -10 7.1 +1.0
VB Vanguard Small-Cap ETF 4.4 5 20 5.4 -0.7
PSCM Invesco S&P SmallCap Materials ETF 4.1 29 -4 10.0 +3.9
TMDV ProShares Russell US Dividend Growers ETF 4.1 35 -10 5.4 -0.8

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%.

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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:

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 9.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.