PSCD
Invesco S&P SmallCap Consumer Discretionary ETF
The Invesco S&P Small Cap Consumer Discretionary is based on the S&P SmallCap 600 Capped Consumer Discretionary Index. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the U.S. small-cap market.
US
EQUITY
Passive
MANAGEMENT STYLE
29 bp
EXPENSES
$28.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 07, 2010 |
| Assets (mns) | $29 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MERITAGE HOMES CORP | 4.0 % |
| INSTALLED BUILDING PRODUCTS | 3.3 % |
| VF CORP | 3.2 % |
| ASBURY AUTOMOTIVE GROUP | 2.9 % |
| TRI POINTE HOMES INC | 2.5 % |
| M/I HOMES INC | 2.4 % |
| GROUP 1 AUTOMOTIVE INC | 2.3 % |
| ACADEMY SPORTS AND OUTDOORS, INC. | 2.3 % |
| SIGNET JEWELERS LIMITED | 2.2 % |
| AMERICAN EAGLE OUTFITTERS | 2.1 % |
Constituent Breakdown
| Number of holdings | 82 |
| Herfindahl-Hirschman Index | 182 |
| Wgt avg mkt cap (mns) | $3,543 |
| Large cap (>$10bn) | 5.4% |
| Mid cap ($2-10bn) | 70.8% |
| Small cap (<$2bn) | 23.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
BERMUDA | 2.2 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.2% | 11.7% | 17.9% | -3.6% | 12.4% | 8.8% | 10.8% | Volatility | 21.2% | 23.2% | 26.8% | 28.8% | 34.9% | 27.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 66% |
| MSCI EAFE | 1.28 | 70% |
| MSCI Emg Mkts | 0.95 | 39% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $5,673 |
Technical Indicators
| Recent close | $105.67 |
| 30d moving avg. | $101.32 |
| Annualized volatility | 26.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 1.0% |
| Short interest (underlying) | 22.0% |
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. PSCD |
Expenses vs. PSCD |
ALTAR Score™ vs. PSCD |
|---|---|---|---|---|
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 25.0% | +30 bp | +1.4% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 22.6% | +10 bp | -1.4% |
| XRT | SPDR S&P Retail ETF | 21.4% | +6 bp | -0.5% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 18.5% | 0 bp | -1.9% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 17.6% | +7 bp | +0.6% |
| XHB | SPDR S&P Homebuilders ETF | 17.3% | +6 bp | -0.3% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 17.1% | +6 bp | -3.9% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 15.8% | +6 bp | -0.6% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 14.8% | -11 bp | -4.0% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 14.7% | -14 bp | -3.9% |
Risk and Returns: PSCD 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
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
PSCD
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™
PSCD
10.3%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. PSCD's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places PSCD in the 97th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PSCD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| PSCD (29 bp) Percentile rank | 47 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSCD | 29.0 | 23.4 | 52.4 |
| Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .