IDLB
Invesco FTSE International Low Beta Equal Weight ETF
The Invesco FTSE International Low Beta Equal Weight ETF tracks an index of large- and midcap stocks from developed countries outside the US. The index selects stocks with low beta relative to their respective country markets and excludes firms with negative earnings. Stocks receive equal weight.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 05, 2015 |
| Assets (mns) | $5 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| POLSKI KONCERN NAFTOWY SA | 0.3 % |
| FIT HON TENG LIMITED | 0.2 % |
| AIB GROUP PLC | 0.2 % |
| KGHM POLSKA MIEDZ S.A. | 0.2 % |
| BANK OF IRELAND GROUP PLC | 0.2 % |
| JC DECAUX SA | 0.2 % |
| ABN AMRO GROUP N.V. SHS DEPOSITARY RECEI | 0.2 % |
| VOESTALPINE AG | 0.2 % |
| COMMERZBANK AG | 0.2 % |
| ING GROEP NV | 0.2 % |
Constituent Breakdown
| Number of holdings | 850 |
| Herfindahl-Hirschman Index | 12 |
| Wgt avg mkt cap (mns) | $7,477 |
| Large cap (>$10bn) | 18.8% |
| Mid cap ($2-10bn) | 45.9% |
| Small cap (<$2bn) | 13.5% |
| Developed mkts. | 89.1% |
| Emerging mkts. | 10.9% |
Country Exposure
 |
JAPAN | 36.7 % |
 |
SOUTH KOREA | 9.5 % |
 |
AUSTRALIA | 5.1 % |
 |
GERMANY | 5.0 % |
 |
FRANCE | 4.3 % |
 |
CANADA | 4.0 % |
 |
HONG KONG | 3.6 % |
 |
SWITZERLAND | 3.3 % |
 |
SINGAPORE | 3.1 % |
 |
BRITAIN | 3.1 % |
Historical Performance
Standardized Annual Returns (as of 01/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 5.9% | -5.9% | -3.9% | -0.2% | -1.5% | -- | 3.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 75% |
| MSCI EAFE | 0.81 | 91% |
| MSCI Emg Mkts | 0.67 | 66% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.71% |
| ADV of underlying (mns) | $21,626 |
Technical Indicators
| Recent close | $25.64 |
| 30d moving avg. | $24.70 |
| Annualized volatility | 18.0% |
| Relative strength (RSI) | 66 |
| Short interest (ETF) | 0.7% |
| 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. IDLB |
Expenses vs. IDLB |
ALTAR Score™ vs. IDLB |
|---|---|---|---|---|
| ISZE | iShares Edge MSCI Intl Size Factor ETF | 46.9% | -15 bp | -0.4% |
| DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 43.9% | -21 bp | +1.1% |
| CIL | VictoryShares International Volatility Weighted Index ETF | 34.2% | 0 bp | +0.1% |
| PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 31.7% | -38 bp | +0.2% |
| PXUS | Principal International Adaptive Multi-Factor ETF | 31.5% | -21 bp | -0.3% |
| SCHF | Schwab International Equity ETF | 31.5% | -39 bp | +0.3% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 31.5% | -20 bp | +0.9% |
| HFXI | IQ 50 Percent Hedged FTSE International ETF | 31.2% | -25 bp | +0.2% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 30.9% | -20 bp | +1.5% |
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 30.5% | -11 bp | +3.5% |
Risk and Returns: IDLB 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 2/2/2023
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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
IDLB
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™
IDLB
7.3%
Cat. Avg
7.6%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.3% |
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 270 funds in the International Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.6%. IDLB's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places IDLB in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IDLB
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) |
|
|---|---|---|---|
| IDLB | 45.0 | 70.5 | 115.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .