ERTH
Invesco MSCI Sustainable Future ETF
Invesco Cleantech Portfolio seeks investment results that correspond to the price and yield of the Cleantech Index, which is comprised of 75 public companies engaged in the clean technology industry.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 24, 2006 |
| Assets (mns) | $240 |
| Expense ratio | 56 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 5.5 % |
| DIGITAL REALTY TRUST INC | 5.3 % |
| LI AUTO, INC. CLASS A | 4.7 % |
| VESTAS WIND SYSTEMS A/S | 4.7 % |
| CENTRAL JAPAN RAILWAY CO | 3.8 % |
| LG ENERGY SOLUTION LTD. | 3.6 % |
| FIRST SOLAR INC | 3.5 % |
| ENPHASE ENERGY INC | 3.5 % |
| DAIWA HOUSE INDUSTRY CO LTD | 3.4 % |
| RIVIAN AUTOMOTIVE, INC. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 150 |
| Herfindahl-Hirschman Index | 267 |
| Wgt avg mkt cap (mns) | $55,581 |
| Large cap (>$10bn) | 41.1% |
| Mid cap ($2-10bn) | 31.2% |
| Small cap (<$2bn) | 9.3% |
| Developed mkts. | 80.4% |
| Emerging mkts. | 19.6% |
Country Exposure
 |
UNITED STATES | 38.6 % |
 |
CHINA | 11.4 % |
 |
JAPAN | 10.2 % |
 |
DENMARK | 5.1 % |
 |
SOUTH KOREA | 4.0 % |
 |
FRANCE | 3.9 % |
 |
SINGAPORE | 3.0 % |
 |
SPAIN | 2.8 % |
 |
HONG KONG | 2.4 % |
 |
IRELAND | 2.4 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.0% | -12.9% | -14.3% | -0.9% | 5.3% | 8.4% | 5.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 59% |
| MSCI EAFE | 0.99 | 56% |
| MSCI Emg Mkts | 1.04 | 56% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $4,009 |
Technical Indicators
| Recent close | $43.89 |
| 30d moving avg. | $47.19 |
| Annualized volatility | 25.2% |
| Relative strength (RSI) | 33 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 0.0% |
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. ERTH |
Expenses vs. ERTH |
ALTAR Score™ vs. ERTH |
|---|---|---|---|---|
| SMOG | VanEck Low Carbon Energy ETF | 32.7% | +5 bp | -1.3% |
| ETEC | iShares Breakthrough Environmental Solutions ETF | 25.9% | -9 bp | +1.7% |
| ACES | ALPS Clean Energy ETF | 25.6% | -1 bp | -7.7% |
| SDG | iShares Sustainable MSCI Global Impact ETF | 24.9% | -7 bp | +2.5% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 23.8% | +2 bp | -4.9% |
| ICLN | iShares Global Clean Energy ETF | 23.3% | -16 bp | -0.2% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 23.0% | +16 bp | -1.6% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 22.8% | -17 bp | -5.6% |
| RNEW | VanEck Green Infrastructure ETF | 22.4% | -11 bp | -4.3% |
| FRNW | Fidelity Clean Energy ETF | 21.1% | -17 bp | -1.6% |
Risk and Returns: ERTH 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 9/28/2023
Peer Group Comparison Sample data. Subscribe for access.
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
ERTH
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™
ERTH
4.4%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.4% |
Recommendation
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.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.2%. ERTH's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places ERTH in the 51st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ERTH
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) |
|
|---|---|---|---|
| ERTH | 56.0 | 27.2 | 83.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .