Invesco S&P SmallCap Value with Momentum ETF
ALTAR
Score™
12.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
0.3x
P/BV
ratio
0.7x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Value with Momentum ETF tracks the S&P 600 High Momentum Value Index which holds 120 securities in the S&P SmallCap 600 that have the highest value scores and momentum scores.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $59
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 121
Wgt avg mkt cap (mns) $1,002
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 92.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTL FCSTONE INC 1.8 %
UNITED NATURAL FOODS INC 1.7 %
SIGNET JEWELERS LIMITED 1.6 %
OWENS & MINOR INC 1.5 %
SPARTANNASH CO 1.5 %
GROUP 1 AUTOMOTIVE INC 1.5 %
PENN VIRGINIA CORPORATION 1.3 %
SONIC AUTOMOTIVE INC-CLASS A 1.3 %
KELLY SERVICES INC -CL A 1.3 %
GENESCO INC 1.3 %
Total 14.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 1.6 %
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.
-26.7% -14.7% 1.2% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.40 77%
MSCI EAFE 1.47 75%
MSCI Emg. Mkts. 1.04 59%

Technical Indicators
Recent close $22.95
30d moving avg. $24.72
Annualized volatility 27.0%
Short interest (ETF) 0.9%
Short interest (Underlying) 4.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 26
Turnover 1.0%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $2,110

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XSVM Expense: 39 bp ALTAR Score™: 12.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSVM
Ticker Fund
Name
Overlap1
vs XSVM
(%)
Expense
ratio
(bp)
Savings
vs XSVM
(bp)
ALTAR
Score™
(%)
ALTAR
vs XSVM
(%)
RZV Invesco S&P Smallcap 600 Pure Value ETF 35.5 35 4 10.6 -1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 33.4 39 0 8.1 -4.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 28.2 15 24 10.1 -2.3
IJS iShares S&P Small-cap 600 Value ETF 26.9 25 14 9.7 -2.7
SLYV SPDR S&P 600 Small Cap Value ETF 26.9 15 24 9.8 -2.6
FYT First Trust Small Cap Value AlphaDEX Fund 24.4 72 -33 10.0 -2.4
CALF Pacer US Small Cap Cash Cows 100 ETF 24.4 59 -20 13.8 +1.4
PSCF Invesco S&P SmallCap Financials ETF 21.8 29 10 12.2 -0.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 19.8 39 0 8.2 -4.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.5 40 -1 7.1 -5.3
VIOO Vanguard S&P Small-Cap 600 ETF 17.6 10 29 7.5 -4.9
SSLY Syntax Stratified SmallCap ETF 17.3 30 9 6.4 -6.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 17.0 29 10 9.8 -2.6
BUY USCF SummerHaven SHPEI Index Fund 16.9 80 -41 10.8 -1.7
SPSM SPDR Portfolio Small Cap ETF 16.6 5 34 7.4 -5.0
SLY SPDR S&P 600 Small Cap ETF 16.6 15 24 7.3 -5.1
ROGS Hartford Multifactor Global Small Cap ETF 16.6 34 5 8.3 -4.2
IJR iShares Core S&P Small Cap ETF 16.5 7 32 7.4 -5.0
SQLV Legg Mason Small-Cap Quality Value 15.2 62 -23 8.2 -4.2
FYX First Trust Small Cap Core AlphaDEX Fund 14.6 63 -24 6.9 -5.5
AVUV Avantis U.S. Small Cap Value ETF 14.3 25 14 9.8 -2.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 13.7 29 10 10.3 -2.1
EES WisdomTree SmallCap Earnings Fund 13.5 38 1 12.3 -0.1
XSHQ Invesco S&P SmallCap Quality ETF 13.4 29 10 6.9 -5.5
VAMO Cambria Value & Momentum ETF 13.2 64 -25 7.8 -4.7
XSLV Invesco S&P SmallCap Low Volatility ETF 13.1 25 14 6.3 -6.1
VTWV Vanguard Russell 2000 Value Index Fund 12.9 15 24 7.9 -4.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 12.6 24 15 7.4 -5.0
PXSG Invesco S&P SmallCap Momentum ETF 12.3 39 0 5.1 -7.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 12.1 35 4 8.7 -3.7
RNSC Small Cap US Equity Select ETF 12.0 60 -21 8.1 -4.3
CSML IQ Chaikin U.S. Small Cap ETF 11.6 35 4 4.4 -8.1
IWN iShares Russell 2000 Value ETF 11.5 24 15 7.7 -4.7
TPSC Timothy Plan US Small Cap Core ETF 11.3 52 -13 8.7 -3.7
AFSM First Trust Active Factor Small Cap ETF 11.3 75 -36 5.8 -6.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.0 29 10 5.8 -6.6
XRT SPDR S&P Retail ETF 10.9 35 4 6.8 -5.6
PSCI Invesco S&P SmallCap Industrials ETF 10.1 29 10 6.9 -5.5
DES WisdomTree U.S. SmallCap Dividend Fund 10.1 38 1 9.2 -3.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.8 30 9 11.5 -0.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.3 35 4 8.6 -3.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 9.2 35 4 6.1 -6.3
PSC Principal U.S. Small Cap Index ETF 8.9 38 1 7.4 -5.0
ISMD Inspire Small/Mid Cap Impact ETF 8.8 60 -21 6.8 -5.6
PSCE Invesco S&P SmallCap Energy ETF 8.7 29 10 -2.4 -14.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 8.4 30 9 8.0 -4.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 8.4 35 4 6.6 -5.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.2 35 4 10.0 -2.4
VUSE Vident Core US Equity Fund 8.2 48 -9 8.6 -3.8
IUSS Invesco Strategic US Small Company ETF 8.2 23 16 5.7 -6.7
SLYG SPDR S&P 600 Small Cap Growth ETF 8.1 15 24 5.4 -7.0
IJT iShares S&P Small-Cap 600 Growth ETF 8.0 25 14 5.3 -7.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 8.0 16 23 5.4 -7.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.9 25 14 7.0 -5.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.9 20 19 6.2 -6.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.6 60 -21 11.7 -0.7
VFVA Vanguard U.S. Value Factor ETF 7.4 14 25 12.1 -0.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 7.3 12 27 8.3 -4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.1 39 0 4.3 -8.1
ROOF IQ US Real Estate Small Cap ETF 7.0 70 -31 12.5 +0.1
FDM First Trust Dow Jones Select Microcap Index Fund 6.8 60 -21 7.7 -4.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 6.7 29 10 5.4 -7.0
IWC iShares Micro-Cap ETF 6.5 60 -21 -4.0 -16.4
PSCT Invesco S&P SmallCap Information Technology ETF 6.4 29 10 5.7 -6.7
VTWO Vanguard Russell 2000 Index Fund 6.3 10 29 3.8 -8.6
FAB First Trust Multi Cap Value AlphaDEX Fund 6.3 71 -32 10.1 -2.3
RYJ Invesco Raymond James SB-1 Equity ETF 6.3 82 -43 3.7 -8.7
IWM iShares Russell 2000 ETF 6.0 19 20 3.7 -8.7
SMDV ProShares Russell 2000 Dividend Growers ETF 5.9 40 -1 8.0 -4.4
VFMF Vanguard U.S. Multifactor ETF 5.8 19 20 7.4 -5.1
VBR Vanguard Small Cap Value Index Fund 5.8 7 32 8.8 -3.6
KRE SPDR S&P Regional Banking ETF 5.5 35 4 12.4 -0.0
SYLD Cambria Shareholder Yield ETF 5.1 59 -20 9.3 -3.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 4.5 38 1 9.5 -2.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 4.5 29 10 1.8 -10.6
KBE SPDR S&P Bank ETF 4.4 35 4 12.5 +0.1
SCHA Schwab U.S. Small-Cap ETF 4.1 4 35 4.8 -7.6
PBJ Invesco Dynamic Food & Beverage ETF 4.1 63 -24 5.1 -7.3
AIRR First Trust RBA American Industrial Renaissance ETF 4.0 70 -31 7.9 -4.5
VFQY Vanguard U.S. Quality Factor ETF 4.0 13 26 6.2 -6.2
XTN SPDR S&P Transportation ETF 3.9 35 4 5.8 -6.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.8 80 -41 5.8 -6.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.6 17 22 5.3 -7.1
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.6 60 -21 2.9 -9.5
FSMD Fidelity Small-Mid Factor ETF 3.6 29 10 7.2 -5.2
REM iShares Mortgage Real Estate ETF 3.5 48 -9 18.9 +6.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.5 6 33 5.5 -6.9
NUSC Nuveen ESG Small-Cap ETF 3.5 40 -1 5.5 -6.9
BFOR Barron's 400 ETF 3.5 65 -26 6.5 -6.0
PXI Invesco DWA Energy Momentum ETF 3.4 60 -21 4.4 -8.0
WBIY WBI Power Factor High Dividend ETF 3.4 70 -31 13.0 +0.6
DWAS Invesco DWA SmallCap Momentum ETF 3.3 60 -21 -1.1 -13.5
KSCD KFA Small Cap Quality Dividend Index ETF 3.3 51 -12 6.9 -5.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 3.2 20 19 9.9 -2.5
JSML Janus Henderson Small Cap Growth Alpha ETF 3.2 30 9 7.8 -4.6
ITB iShares U.S. Home Construction ETF 3.0 42 -3 8.4 -4.1
PSCH Invesco S&P SmallCap Health Care ETF 3.0 29 10 3.1 -9.4
XHS SPDR S&P Health Care Services ETF 2.9 35 4 4.6 -7.8
KCE SPDR S&P Capital Markets ETF 2.9 35 4 9.0 -3.4
BKSE BNY Mellon US Small Cap Core Equity ETF 2.9 4 35 5.9 -6.5

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 Value with Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.