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 | |
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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 .