PWV
Invesco 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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
986.2 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $986 |
| Expense ratio | 55 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 +
| INTL BUSINESS MACHINES CORP | 3.7 % |
| VERIZON COMMUNICATIONS INC | 3.6 % |
| AMGEN INC | 3.5 % |
| PROCTER & GAMBLE CO/THE | 3.5 % |
| BANK OF AMERICA CORP | 3.4 % |
| JOHNSON & JOHNSON | 3.4 % |
| ABBOTT LABORATORIES | 3.4 % |
| COCA-COLA CO/THE | 3.4 % |
| WELLS FARGO & CO | 3.4 % |
| CHEVRON CORP | 3.3 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 249 |
| Wgt avg mkt cap (mns) | $185,060 |
| 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 | 98.0 % |
 |
SWITZERLAND | 2.9 % |
 |
IRELAND | 1.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.8% | 28.0% | 21.4% | 12.2% | 11.5% | 9.3% | 9.7% | Volatility | 10.2% | 11.0% | 14.2% | 14.7% | 20.5% | 17.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 73% |
| MSCI EAFE | 0.78 | 71% |
| MSCI Emg Mkts | 0.56 | 35% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $18,003 |
Technical Indicators
| Recent close | $58.70 |
| 30d moving avg. | $57.55 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 47 |
| 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 | 42.6% | -42 bp | +1.4% |
| DIVB | iShares Core Dividend ETF | 37.3% | -50 bp | -0.3% |
| MGV | Vanguard Mega Cap Value ETF | 36.7% | -48 bp | -1.5% |
| IWX | iShares Russell Top 200 Value ETF | 35.3% | -35 bp | -1.8% |
| VYM | Vanguard High Dividend Yield Index ETF | 34.0% | -49 bp | -0.9% |
| INEQ | Columbia International Equity Income ETF | 33.7% | -10 bp | -1.3% |
| STXV | Strive 1000 Value ETF | 33.6% | -37 bp | -0.3% |
| DFLV | Dimensional US Large Cap Value ETF | 33.4% | -33 bp | -0.2% |
| VTV | Vanguard Value ETF | 31.9% | -51 bp | -1.3% |
| DGRO | iShares Core Dividend Growth ETF | 31.1% | -47 bp | -1.6% |
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
| 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 10/4/2024
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
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 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™
PWV
7.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. PWV's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places PWV in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PWVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PWV (55 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PWV | 55.0 | 3.6 | 58.6 |
| Peer Avg. | 35.4 | 14.9 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .