PBUS
Invesco MSCI USA ETF
The Invesco PureBeta MSCI USA Portfolio tracks a market-cap-selected and -weighted index of mid- and large-cap US stocks.
US
EQUITY
Passive
MANAGEMENT STYLE
5.9 B
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 22, 2017 |
| Assets (mns) | $5,926 |
| Expense ratio | 4 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.1 % |
| NVIDIA CORP | 6.2 % |
| MICROSOFT CORP | 5.9 % |
| AMAZON.COM INC | 4.0 % |
| META PLATFORMS INC | 2.6 % |
| TESLA MOTORS INC | 2.4 % |
| ALPHABET INC. CLASS A | 2.1 % |
| BROADCOM INC. | 1.9 % |
| ALPHABET INC. CLASS C | 1.8 % |
| JPMORGAN CHASE & CO | 1.3 % |
Constituent Breakdown
| Number of holdings | 578 |
| Herfindahl-Hirschman Index | 176 |
| Wgt avg mkt cap (mns) | $817,484 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 96.4 % |
 |
IRELAND | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.2% | 34.3% | 24.2% | 11.1% | 15.8% | -- | 14.9% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 99% |
| MSCI EAFE | 0.85 | 71% |
| MSCI Emg Mkts | 0.63 | 39% |
Liquidity Measures
| Avg. volume (000) | 51 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $295,252 |
Technical Indicators
| Recent close | $58.93 |
| 30d moving avg. | $60.35 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.6% |
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. PBUS |
Expenses vs. PBUS |
ALTAR Score™ vs. PBUS |
|---|---|---|---|---|
| ILCB | iShares Morningstar U.S. Equity ETF | 96.7% | -1 bp | 0.0% |
| STRV | Strive 500 ETF | 95.7% | +1 bp | -0.1% |
| VV | Vanguard Large-Cap ETF | 95.0% | 0 bp | -0.1% |
| SPLG | SPDR Portfolio S&P 500 ETF | 94.6% | -2 bp | +0.1% |
| SPY | SPDR S&P 500 ETF Trust | 94.6% | +5 bp | 0.0% |
| IVV | iShares Core S&P 500 ETF | 94.6% | -1 bp | +0.1% |
| VOO | Vanguard S&P 500 ETF | 94.5% | -1 bp | +0.1% |
| SCHX | Schwab U.S. Large-Cap ETF | 93.7% | -1 bp | +0.0% |
| VONE | Vanguard Russell 1000 ETF | 93.3% | +4 bp | 0.0% |
| IWB | iShares Russell 1000 ETF | 93.2% | +11 bp | -0.1% |
Risk and Returns: PBUS 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 12/18/2024
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
PBUS
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™
PBUS
5.1%
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%. PBUS's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places PBUS in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PBUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| PBUS (4 bp) Percentile rank | 14 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PBUS | 4.0 | 12.2 | 16.2 |
| Peer Avg. | 26.7 | 10.6 | 37.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .