PBW

Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy Portfolio (Fund) seeks to replicate, before fees and expenses, the WilderHill Clean Energy Index, consisting of companies that focus on greener and generally renewable sources of energy and technologies.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

294.4 M

ASSETS UNDER MGMT

66 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateMar 03, 2005
Assets (mns)$294
Expense ratio66 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
LITHIUM AMERICAS CORP 8.9 %
EVGO, INC. CLASS A 3.6 %
SUNNOVA ENERGY INTERNATIONAL INC 3.4 %
SUNRUN INC. 2.8 %
XPENG, INC. ADR SPONSORED CLASS A 2.8 %
NIO INC. SPONSORED ADR CLASS A 2.4 %
TESLA MOTORS INC 2.3 %
STANDARD LITHIUM LTD. 2.2 %
BROOKFIELD RENEWABLE CORPORATION CLASS A 2.1 %
MP MATERIALS CORP CLASS A 2.1 %
Constituent Breakdown
Number of holdings60
Herfindahl-Hirschman Index 249
Wgt avg mkt cap (mns)$24,646
Large cap (>$10bn)21.3%
Mid cap ($2-10bn)21.4%
Small cap (<$2bn)53.8%
Developed mkts.85.9%
Emerging mkts.14.1%
Country Exposure
UNITED STATES 74.7 %
CANADA 7.9 %
CHINA 7.6 %
INDIA 1.9 %
CHILE 1.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -31.5% -34.3% -33.2% -34.1% -5.0% -2.4% -4.8%
Volatility 38.1% 38.7% 42.1% 43.8% 45.6% 36.0% --
Market Correlations
versus...BetaR-squared
S&P 5001.6244%
MSCI EAFE1.4635%
MSCI Emg Mkts1.3327%
Liquidity Measures
Avg. volume (000)258
Turnover1.8%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$25,607
Technical Indicators
Recent close$19.99
30d moving avg.$18.92
Annualized volatility43.7%
Relative strength (RSI)52
Short interest (ETF)3.7%
Short interest (underlying)7.8%
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: PBW 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 -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
0.7 -97.5 1.5 0.4% --
Based on closing prices from 10/8/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PBW



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 Rating

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

PBW

-12.3%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.7%. PBW's ALTAR Score™ is approximately 3.5 standard deviations below the category average. This places PBW in the 1st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PBW
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
PBW (66 bp) Percentile rank 73
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PBW 66.0 15.6 81.6
Peer Avg. 53.2 35.2 88.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .