PTH

Invesco Dorsey Wright Healthcare Momentum ETF

The Invesco DWA Healthcare Momentum Portfolio tracks an index of U.S. healthcare firms selected and weighted by price momentum.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

XBI

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateOct 12, 2006
Assets (mns)$142
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMomentum
WeightingMomentum
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ELI LILLY & CO 5.0 %
IDEXX LABORATORIES INC 4.6 %
MEDPACE HOLDINGS, INC. 4.3 %
TENET HEALTHCARE CORP 3.0 %
ARCUTIS BIOTHERAPEUTICS INC 2.8 %
NATERA INC 2.8 %
AMERISOURCEBERGEN CORP 2.7 %
MOLINA HEALTHCARE INC 2.7 %
REGENERON PHARMACEUTICALS 2.6 %
ABBVIE INC 2.5 %
Constituent Breakdown
Number of holdings53
Herfindahl-Hirschman Index 282
Wgt avg mkt cap (mns)$65,495
Large cap (>$10bn)29.5%
Mid cap ($2-10bn)28.1%
Small cap (<$2bn)42.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 90.0 %
NETHERLANDS 1.5 %
Historical Performance


Standardized Annual Returns (as of 03/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
15.9% -59.6% -41.9% -33.9% -10.7% -0.6% 3.6%
Market Correlations
versus...BetaR-squared
S&P 5000.768%
MSCI EAFE0.656%
MSCI Emg Mkts0.080%
Liquidity Measures
Avg. volume (000)15
Turnover0.4%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$10,392
Technical Indicators
Recent close$41.15
30d moving avg.$33.60
Annualized volatility46.7%
Relative strength (RSI)76
Short interest (ETF)0.8%
Short interest (underlying)6.8%
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: PTH vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
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Earnings 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 --%
2.8 -31.5 9.0 0.2% --
Based on closing prices from 4/15/2024
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SHOWING:
Price-to-Earnings
PTH



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™

PTH

-3.5%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-3.5%
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 886 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.7%. PTH's ALTAR Score™ is approximately 3.5 standard deviations below the category average. This places PTH in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
PTH
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PTH 60.0 22.4 82.4
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .