PKB
Invesco Building & Construction ETF
The Invesco Dynamic Building & Construction Sector Portfolio ETF tracks a quantitative index that selects building and construction companies most likely to outperform based on growth and value metrics.
Global
EQUITY
Passive
MANAGEMENT STYLE
62 bp
EXPENSES
$294.6 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Oct 26, 2005 |
Assets (mns) | $295 |
Expense ratio | 62 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 +
HOME DEPOT INC | 5.4 % |
PULTE HOMES INC | 5.3 % |
VULCAN MATERIALS CO | 4.9 % |
TRANE TECHNOLOGIES PLC | 4.9 % |
CRH PLC | 4.8 % |
CARLISLE COS INC | 4.8 % |
MARTIN MARIETTA MATERIALS | 4.8 % |
TRACTOR SUPPLY COMPANY | 4.6 % |
TRI POINTE HOMES INC | 3.1 % |
UNITED STATES LIME & MINERAL | 3.1 % |
Constituent Breakdown
Number of holdings | 30 |
Herfindahl-Hirschman Index | 367 |
Wgt avg mkt cap (mns) | $37,485 |
Large cap (>$10bn) | 51.3% |
Mid cap ($2-10bn) | 35.3% |
Small cap (<$2bn) | 13.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 90.2 % | |
IRELAND | 9.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 7.6% | 25.2% | 35.9% | 11.5% | 17.4% | 12.0% | 8.8% | Volatility | 22.4% | 23.6% | 25.4% | 25.6% | 32.1% | 26.0% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.26 | 68% |
MSCI EAFE | 1.29 | 65% |
MSCI Emg Mkts | 0.89 | 32% |
Liquidity Measures
Avg. volume (000) | 24 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.19% |
ADV of underlying (mns) | $8,317 |
Technical Indicators
Recent close | $72.89 |
30d moving avg. | $69.08 |
Annualized volatility | 27.6% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 0.4% |
Short interest (underlying) | 3.7% |
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. PKB |
Expenses vs. PKB |
ALTAR Score™ vs. PKB |
---|---|---|---|---|
XHB | SPDR S&P Homebuilders ETF | 30.0% | -27 bp | +4.1% |
ITB | iShares U.S. Home Construction ETF | 24.9% | -22 bp | +4.4% |
PAVE | Global X U.S. Infrastructure Development ETF | 16.6% | -15 bp | -0.2% |
SURE | AdvisorShares Insiders Advantage ETF | 15.2% | +28 bp | +4.3% |
HOMZ | Hoya Capital Housing ETF | 15.0% | -32 bp | +1.4% |
XMMO | Invesco S&P MidCap Momentum ETF | 14.5% | -28 bp | -0.4% |
XMHQ | Invesco S&P MidCap Quality ETF | 13.7% | -37 bp | +0.6% |
PRN | Invesco Dorsey Wright Industrials Momentum ETF | 12.7% | -2 bp | -1.1% |
BUL | Pacer US Cash Cows Growth ETF | 12.0% | -2 bp | +2.1% |
PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 11.9% | -2 bp | -1.3% |
Risk and Returns: PKB 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
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 | --% |
Based on closing prices from 7/25/2024
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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
PKB
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™
PKB
5.8%
Cat. Avg
4.0%
Fund Category: Global
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.8% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. PKB's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places PKB in the 64th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PKB
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Passive Global Equity ETFs |
# of ETFs | 53 |
Avg. Expense Ratio | 50.8 bp |
Std. Deviation | 22.4 bp |
PKB (62 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
PKB | 62.0 | 18.7 | 80.7 |
Peer Avg. | 55.0 | 27.9 | 82.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .