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) | $761 |
| 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 +
| EXXON MOBIL CORP | 3.5 % |
| CHEVRON CORP | 3.5 % |
| INTEL CORP | 3.5 % |
| ABBVIE INC | 3.4 % |
| MORGAN STANLEY | 3.3 % |
| VERIZON COMMUNICATIONS INC | 3.3 % |
| JPMORGAN CHASE & CO | 3.3 % |
| COMCAST CORP-CL A | 3.3 % |
| WELLS FARGO & CO | 3.3 % |
| QUALCOMM INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 236 |
| Wgt avg mkt cap (mns) | $150,629 |
| Large cap (>$10bn) | 98.5% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
SWITZERLAND | 2.9 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.8% | 8.3% | 4.9% | 13.5% | 7.5% | 9.0% | 9.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 75% |
| MSCI EAFE | 0.79 | 74% |
| MSCI Emg Mkts | 0.54 | 33% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $19,383 |
Technical Indicators
| Recent close | $47.02 |
| 30d moving avg. | $47.83 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.0% |
| 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 | 41.0% | -45 bp | +1.9% |
| HDV | iShares Core High Dividend ETF | 37.0% | -50 bp | -0.1% |
| MGV | Vanguard Mega Cap Value ETF | 33.3% | -51 bp | -1.9% |
| IWX | iShares Russell Top 200 Value ETF | 32.9% | -38 bp | -2.2% |
| DIVB | iShares Core Dividend | 32.5% | -53 bp | -0.4% |
| VYM | Vanguard High Dividend Yield Index ETF | 31.8% | -52 bp | -1.2% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 31.7% | -29 bp | -1.2% |
| STXV | Strive 1000 Value ETF | 31.5% | -40 bp | -1.0% |
| BBLU | EA Bridgeway Blue Chip ETF | 30.9% | -43 bp | -3.3% |
| DFLV | Dimensional US Large Cap Value ETF | 30.9% | -36 bp | -0.4% |
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 9/22/2023
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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
9.4%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.4% |
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 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. PWV's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places PWV in the 83rd 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 | 3.6 | 61.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .