BMVP
Invesco Bloomberg MVP Multi-factor ETF
The Invesco Dynamic Market Portfolio ETF tracks a quant-selected, tier-weighted index covering the entire U.S. equity market.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
101.4 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 01, 2003 |
| Assets (mns) | $101 |
| Expense ratio | 29 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 +
| WILLIS TOWERS WATSON PLC | 3.4 % |
| TARGA RESOURCES CORP | 2.3 % |
| CHENIERE ENERGY INC | 2.2 % |
| AMERIPRISE FINANCIAL INC | 2.2 % |
| WAL-MART STORES INC | 2.2 % |
| FISERV, INC. | 2.1 % |
| ENTERGY CORP | 2.1 % |
| COSTCO WHOLESALE CORP | 2.1 % |
| AMERICAN EXPRESS CO | 2.1 % |
| FOX CORPORATION CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 194 |
| Wgt avg mkt cap (mns) | $183,597 |
| 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 | 93.1 % |
 |
IRELAND | 1.9 % |
 |
BRITAIN | 1.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 26.8% | 33.8% | -29.4% | -22.2% | -9.8% | -1.8% | 4.2% | Volatility | 10.0% | 10.4% | 12.7% | 17.6% | 22.9% | 19.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 12% |
| MSCI EAFE | 0.69 | 8% |
| MSCI Emg Mkts | 0.10 | 0% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $27,700 |
Technical Indicators
| Recent close | $46.76 |
| 30d moving avg. | $49.62 |
| Annualized volatility | 44.3% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 5.4% |
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. BMVP |
Expenses vs. BMVP |
ALTAR Score™ vs. BMVP |
|---|---|---|---|---|
| FTCS | First Trust Capital Strength ETF | 31.8% | +26 bp | +0.6% |
| IPDP | Dividend Performers ETF | 24.2% | +93 bp | -0.6% |
| DUHP | Dimensional US High Profitability ETF | 22.8% | -8 bp | +1.2% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 21.6% | +31 bp | -1.4% |
| ROE | Astoria US Quality Kings ETF | 21.4% | +20 bp | +2.0% |
| SIXA | ETC 6 Meridian Mega Cap Equity ETF | 21.3% | +51 bp | +0.4% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 20.9% | +26 bp | -0.6% |
| VALQ | American Century U.S. Quality Value ETF | 20.7% | 0 bp | +2.2% |
| VSMV | VictoryShares US Multi-Factor Minimum Volatility ETF | 20.6% | +6 bp | +1.0% |
| RUNN | Running Oak Efficient Growth ETF | 20.4% | +29 bp | -0.7% |
Risk and Returns: BMVP 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 12/19/2024
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
BMVP
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
BMVP
5.6%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. BMVP's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places BMVP in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BMVPSELL
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 |
| BMVP (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BMVP | 29.0 | 11.6 | 40.6 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .