PWV
Invesco Dynamic Large Cap Value ETF
The Invesco Dynamic Large Cap Value Portfolio ETF tracks the Dynamic Large Cap Value Intellidex Index. The index selects its holdings using a 10-factor style isolation process and uses a tiered weighting scheme.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $756 |
| Expense ratio | 58 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 +
| JPMORGAN CHASE & CO | 3.4 % |
| CISCO SYSTEMS INC | 3.4 % |
| MORGAN STANLEY | 3.4 % |
| BANK OF AMERICA CORP | 3.3 % |
| WAL-MART STORES INC | 3.3 % |
| HOME DEPOT INC | 3.3 % |
| UNITED PARCEL SERVICE-CL B | 3.3 % |
| JOHNSON & JOHNSON | 3.3 % |
| WELLS FARGO & CO | 3.3 % |
| CHEVRON CORP | 3.3 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 240 |
| Wgt avg mkt cap (mns) | $153,810 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.6 % |
 |
SWITZERLAND | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.7% | -6.8% | 0.2% | 11.1% | 6.5% | 7.9% | 8.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 71% |
| MSCI EAFE | 0.75 | 71% |
| MSCI Emg Mkts | 0.45 | 25% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $19,319 |
Technical Indicators
| Recent close | $45.63 |
| 30d moving avg. | $44.76 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.3% |
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. PWV |
Expenses vs. PWV |
ALTAR Score™ vs. PWV |
|---|---|---|---|---|
| SPVU | Invesco S&P 500 Enhanced Value ETF | 36.3% | -45 bp | +3.4% |
| VYM | Vanguard High Dividend Yield Index ETF | 35.1% | -52 bp | -0.4% |
| IWX | iShares Russell Top 200 Value ETF | 33.5% | -38 bp | -1.3% |
| MGV | Vanguard Mega Cap Value ETF | 33.2% | -51 bp | -1.0% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 30.8% | -30 bp | -1.4% |
| STXV | Strive 1000 Value ETF | 30.3% | -40 bp | -0.1% |
| DIVB | iShares Core Dividend | 30.0% | -53 bp | +0.2% |
| DGRO | iShares Core Dividend Growth ETF | 29.9% | -50 bp | -1.5% |
| BBLU | EA Bridgeway Blue Chip ETF | 29.5% | -43 bp | -2.6% |
| DFLV | Dimensional US Large Cap Value ETF | 29.4% | -36 bp | +0.5% |
Risk and Returns: PWV 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 6/8/2023
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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
PWV
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™
PWV
8.3%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.3% |
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 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. PWV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places PWV in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PWV
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) |
|
|---|---|---|---|
| PWV | 58.0 | 4.2 | 62.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .