XSVM
Invesco S&P SmallCap Value with Momentum ETF
Invesco S&P SmallCap Value with Momentum ETF tracks the S&P 600 High Momentum Value Index which holds 120 securities in the S&P SmallCap 600 that have the highest value scores and momentum scores.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $630 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PAR PETROLEUM CORPORATION | 2.1 % |
| LAREDO PETROLEUM HOLDINGS IN | 1.7 % |
| VERITIV CORP | 1.6 % |
| CALERES, INC. | 1.6 % |
| ANDERSONS INC/THE | 1.5 % |
| INTL FCSTONE INC | 1.4 % |
| CONSOL ENERGY INC | 1.4 % |
| GENWORTH FINANCIAL INC-CL A | 1.4 % |
| HIBBETT SPORTS INC | 1.4 % |
| OLYMPIC STEEL INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 115 |
| Herfindahl-Hirschman Index | 97 |
| Wgt avg mkt cap (mns) | $1,976 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 40.0% |
| Small cap (<$2bn) | 59.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
BERMUDA | 2.3 % |
 |
PUERTO RICO | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.4% | 7.0% | 0.2% | 23.2% | 10.0% | 10.8% | 8.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 47% |
| MSCI EAFE | 1.06 | 48% |
| MSCI Emg Mkts | 0.83 | 28% |
Liquidity Measures
| Avg. volume (000) | 56 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $1,224 |
Technical Indicators
| Recent close | $48.63 |
| 30d moving avg. | $48.43 |
| Annualized volatility | 28.2% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 19.7% |
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. XSVM |
Expenses vs. XSVM |
ALTAR Score™ vs. XSVM |
|---|---|---|---|---|
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 39.8% | -4 bp | +1.9% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 35.3% | +20 bp | +0.8% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 34.7% | 0 bp | +0.3% |
| SIXS | 6 Meridian Small Cap Equity ETF | 33.9% | +50 bp | -3.1% |
| PLTL | Principal US Small-Cap Adaptive Multi-Factor ETF | 31.1% | -20 bp | -3.1% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 30.2% | -9 bp | -1.4% |
| VAMO | Cambria Value & Momentum ETF | 27.5% | +25 bp | -0.8% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 26.5% | +8 bp | -1.7% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 25.0% | -24 bp | -1.5% |
| IJS | iShares S&P Small-cap 600 Value ETF | 24.9% | -21 bp | -1.4% |
Risk and Returns: XSVM 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 9/28/2023
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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
XSVM
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™
XSVM
11.4%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.4% |
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%. XSVM's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places XSVM in the 95th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XSVM
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) |
|
|---|---|---|---|
| XSVM | 39.0 | 19.4 | 58.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .