PEJ
Invesco Dynamic Leisure & Entertainment ETF
The Invesco Dynamic Leisure and Entertainment ETF tracks a multifactor, tiered equal-weighted index of U.S. entertainment and leisure industry stocks.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $344 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AIRBNB, INC. CLASS A | 5.7 % |
| BOOKING HOLDINGS INC. | 5.2 % |
| CHIPOTLE MEXICAN GRILL-CL A | 5.1 % |
| MARRIOTT INTERNATIONAL-CL A | 5.0 % |
| ROYAL CARIBBEAN CRUISES LTD | 4.9 % |
| DELTA AIR LINES INC | 4.8 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 4.8 % |
| LAS VEGAS SANDS CORP | 4.6 % |
| LIONS GATE ENTERTAINMENT CORP CLASS A | 3.4 % |
| SKYWEST INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 371 |
| Wgt avg mkt cap (mns) | $25,084 |
| Large cap (>$10bn) | 50.1% |
| Mid cap ($2-10bn) | 30.5% |
| Small cap (<$2bn) | 13.8% |
| Developed mkts. | 91.5% |
| Emerging mkts. | 8.5% |
Country Exposure
 |
UNITED STATES | 88.9 % |
 |
INDIA | 2.9 % |
 |
URUGUAY | 2.8 % |
 |
PANAMA | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.8% | 5.5% | -8.9% | 7.6% | -2.2% | 3.9% | 6.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 57% |
| MSCI EAFE | 1.21 | 63% |
| MSCI Emg Mkts | 0.97 | 38% |
Liquidity Measures
| Avg. volume (000) | 66 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $5,476 |
Technical Indicators
| Recent close | $39.21 |
| 30d moving avg. | $40.77 |
| Annualized volatility | 28.0% |
| Relative strength (RSI) | 37 |
| Short interest (ETF) | 4.0% |
| Short interest (underlying) | 10.2% |
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. PEJ |
Expenses vs. PEJ |
ALTAR Score™ vs. PEJ |
|---|---|---|---|---|
| JRNY | ALPS Global Travel Beneficiaries ETF | 25.7% | +10 bp | +2.7% |
| CRUZ | Defiance Hotel Airline and Cruise ETF | 23.3% | -10 bp | -2.2% |
| BEDZ | AdvisorShares Hotel ETF | 19.9% | +44 bp | +3.3% |
| JETS | US Global Jets ETF | 18.4% | +5 bp | -8.1% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 15.6% | -15 bp | +7.0% |
| AWAY | ETFMG Travel Tech ETF | 15.3% | +21 bp | -2.7% |
| PEZ | Invesco DWA Consumer Cyclicals Momentum ETF | 13.0% | +5 bp | +6.0% |
| PBJ | Invesco Dynamic Food & Beverage ETF | 13.0% | +8 bp | +8.0% |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 12.1% | +6 bp | +7.4% |
| HOTL | Kelly Hotel & Lodging Sector ETF | 10.7% | +23 bp | +4.6% |
Risk and Returns: PEJ 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 9/20/2023
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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
PEJ
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™
PEJ
-2.0%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.0% |
Recommendation
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.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. PEJ's ALTAR Score™ is approximately
2.7 standard deviations
below
the category average. This places PEJ in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PEJ
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) |
|
|---|---|---|---|
| PEJ | 55.0 | 6.2 | 61.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .