DJD
Invesco Dow Jones Industrial Average Dividend ETF
The Invesco Dow Jones Industrial Average Dividend ETF follows an index comprising dividend-paying securities of the companies listed on the Dow Jones Industrial Average, weighted by yield.
Fund Basics
| Fund sponsor | Guggenheim |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 2015 |
| Assets (mns) | $259 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VERIZON COMMUNICATIONS INC | 8.2 % |
| 3M CO | 7.1 % |
| INTL BUSINESS MACHINES CORP | 6.9 % |
| WALGREENS BOOTS ALLIANCE INC | 6.5 % |
| DOW, INC. | 6.0 % |
| CHEVRON CORP | 4.7 % |
| AMGEN INC | 4.5 % |
| CISCO SYSTEMS INC | 4.3 % |
| COCA-COLA CO/THE | 4.1 % |
| JOHNSON & JOHNSON | 3.9 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 465 |
| Wgt avg mkt cap (mns) | $262,141 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.0 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -4.8% | -8.1% | -0.9% | 9.9% | 7.5% | -- | 10.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 65% |
| MSCI EAFE | 0.79 | 69% |
| MSCI Emg Mkts | 0.46 | 24% |
Liquidity Measures
| Avg. volume (000) | 39 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $41,415 |
Technical Indicators
| Recent close | $42.54 |
| 30d moving avg. | $42.11 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DJD |
Expenses vs. DJD |
ALTAR Score™ vs. DJD |
|---|---|---|---|---|
| EDOW | First Trust Dow 30 Equal Weight ETF | 73.2% | +43 bp | -2.7% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 57.5% | +9 bp | -3.4% |
| BBLU | EA Bridgeway Blue Chip ETF | 35.1% | +8 bp | -3.6% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 32.9% | +41 bp | -2.7% |
| DVND | Touchstone Dividend Select ETF | 31.7% | +60 bp | -3.0% |
| DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 30.9% | +21 bp | -3.4% |
| VYM | Vanguard High Dividend Yield Index ETF | 30.0% | -1 bp | -1.4% |
| PFM | Invesco Dividend Achievers ETF | 29.7% | +46 bp | -3.5% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 29.2% | +22 bp | -1.4% |
| SCHD | Schwab U.S. Dividend Equity ETF | 29.0% | -1 bp | -0.4% |
Risk and Returns: DJD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/8/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DJD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DJD
9.3%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.3% |
Recommendation
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.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. DJD's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places DJD in the 85th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DJD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DJD | 7.0 | 16.5 | 23.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .