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.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

7 bp

EXPENSES

$288.9 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGuggenheim
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 16, 2015
Assets (mns)$289
Expense ratio7 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingDividend
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
3M CO 10.1 %
VERIZON COMMUNICATIONS INC 9.9 %
DOW, INC. 7.1 %
CHEVRON CORP 6.4 %
AMGEN INC 5.3 %
COCA-COLA CO/THE 5.0 %
GOLDMAN SACHS GROUP INC 4.8 %
INTL BUSINESS MACHINES CORP 4.5 %
CISCO SYSTEMS INC 4.4 %
JOHNSON & JOHNSON 3.9 %
Constituent Breakdown
Number of holdings28
Herfindahl-Hirschman Index 523
Wgt avg mkt cap (mns)$282,053
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 Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.1% 21.9% 5.9% 6.2% 10.5% -- 11.0%
Volatility 10.3% 10.9% 13.8% 13.8% 19.7% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7467%
MSCI EAFE0.7970%
MSCI Emg Mkts0.5232%
Liquidity Measures
Avg. volume (000)21
Turnover0.3%
Avg. Bid/Ask (% of price)0.18%
ADV of underlying (mns)$41,436
Technical Indicators
Recent close$47.31
30d moving avg.$48.00
Annualized volatility16.3%
Relative strength (RSI)51
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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Risk and Returns: DJD vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
2.1 14.1 2.8 3.6% --
Based on closing prices from 6/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

8.4%

Cat. Avg

5.8%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.4%
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 892 funds in the US category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.8%. DJD's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places DJD in the 83rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
DJD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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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 17.6 24.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .