PSCF
Invesco S&P SmallCap Financials ETF
The Invesco S&P Small Cap Financials is based on the S&P SmallCap 600 Capped Financials 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
22.3 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 07, 2010 |
| Assets (mns) | $22 |
| 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 +
| BGC GROUP INC | 3.4 % |
| COMERICA INC | 2.3 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 2.0 % |
| MR. COOPER GROUP, INC. | 1.7 % |
| ESSENTIAL PROPERTIES REALTY TRUST, INC. | 1.6 % |
| LINCOLN NATIONAL CORP | 1.5 % |
| RADIAN GROUP INC | 1.4 % |
| SL GREEN REALTY CORP | 1.4 % |
| MOELIS & CO - CLASS A | 1.4 % |
| PIPER JAFFRAY COS | 1.3 % |
Constituent Breakdown
| Number of holdings | 161 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $2,955 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 72.8% |
| Small cap (<$2bn) | 27.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
PUERTO RICO | 2.0 % |
 |
BERMUDA | 1.5 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.4% | 38.3% | 14.9% | 1.5% | 4.0% | 7.3% | 8.3% | Volatility | 20.0% | 22.9% | 23.9% | 23.2% | 30.0% | 23.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 50% |
| MSCI EAFE | 1.02 | 50% |
| MSCI Emg Mkts | 0.77 | 27% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $2,594 |
Technical Indicators
| Recent close | $55.71 |
| 30d moving avg. | $54.49 |
| Annualized volatility | 25.4% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 4.1% |
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. PSCF |
Expenses vs. PSCF |
ALTAR Score™ vs. PSCF |
|---|---|---|---|---|
| IJS | iShares S&P Small-Cap 600 Value ETF | 35.7% | -11 bp | -1.3% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 35.4% | -14 bp | -0.5% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 34.7% | -14 bp | -1.2% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 29.9% | -17 bp | -1.7% |
| ESIX | SPDR S&P SmallCap 600 ESG ETF | 28.7% | -17 bp | -1.2% |
| KBE | SPDR S&P Bank ETF | 28.5% | +6 bp | +0.1% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 28.0% | -14 bp | -1.1% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 27.9% | -4 bp | -2.0% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 27.3% | +10 bp | -1.7% |
| IJR | iShares Core S&P Small Cap ETF | 26.3% | -23 bp | -2.0% |
Risk and Returns: PSCF 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 10/23/2024
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
PSCF
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
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.
ALTAR Score™
PSCF
9.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. PSCF's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places PSCF in the 92nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PSCFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| PSCF (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) |
|
|---|---|---|---|
| PSCF | 29.0 | 21.5 | 50.5 |
| Peer Avg. | 26.1 | 10.4 | 36.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .