PEJ
Invesco Leisure and Entertainment ETF
The Invesco Dynamic Leisure and Entertainment ETF tracks a multifactor, tiered equal-weighted index of U.S. entertainment and leisure industry stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
258.6 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $259 |
| 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 +
| LIBERTY MEDIA CORP-LIBERTY FORMULA ONE | 15.0 % |
| ROYAL CARIBBEAN CRUISES LTD | 6.1 % |
| LIVE NATION INC | 6.0 % |
| BOOKING HOLDINGS INC. | 5.7 % |
| HILTON WORLDWIDE HOLDINGS, INC. | 5.1 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 5.1 % |
| FOX CORPORATION CLASS A | 5.0 % |
| SYSCO CORP | 4.4 % |
| BRINKER INTERNATIONAL INC | 4.0 % |
| SKYWEST INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 556 |
| Wgt avg mkt cap (mns) | $24,927 |
| Large cap (>$10bn) | 58.8% |
| Mid cap ($2-10bn) | 32.2% |
| Small cap (<$2bn) | 9.0% |
| Developed mkts. | 96.9% |
| Emerging mkts. | 3.1% |
Country Exposure
 |
UNITED STATES | 82.5 % |
 |
INDIA | 2.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.1% | 38.6% | 13.6% | -0.3% | 3.7% | 4.3% | 7.3% | Volatility | 16.8% | 17.7% | 18.0% | 22.9% | 30.2% | 24.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 77% |
| MSCI EAFE | 1.05 | 65% |
| MSCI Emg Mkts | 0.81 | 38% |
Liquidity Measures
| Avg. volume (000) | 44 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $5,705 |
Technical Indicators
| Recent close | $52.51 |
| 30d moving avg. | $48.36 |
| Annualized volatility | 23.0% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 9.3% |
| Short interest (underlying) | 10.2% |
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. PEJ |
Expenses vs. PEJ |
ALTAR Score™ vs. PEJ |
|---|---|---|---|---|
| PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 19.0% | +2 bp | +5.4% |
| BEDZ | AdvisorShares Hotel ETF | 17.6% | +42 bp | +0.8% |
| EATZ | AdvisorShares Restaurant ETF | 14.0% | +43 bp | +2.3% |
| RSPC | Invesco S&P 500 Equal Weight Communication Services ETF | 13.3% | -18 bp | +5.3% |
| AWAY | ETFMG Travel Tech ETF | 13.1% | +18 bp | -6.2% |
| CRUZ | Defiance Hotel Airline and Cruise ETF | 13.1% | -13 bp | -5.5% |
| RPG | Invesco S&P 500 Pure Growth ETF | 11.5% | -23 bp | +2.5% |
| LUXX | Roundhill S&P Global Luxury ETF | 10.4% | -13 bp | +1.9% |
| JETS | U.S. Global Jets ETF | 10.0% | +2 bp | -14.2% |
Risk and Returns: PEJ 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 11/20/2024
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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
PEJ
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PEJ
1.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. PEJ's ALTAR Score™ is approximately
1.8 standard deviations
below
the category average. This places PEJ in the 3rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PEJSELL
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 |
| PEJ (58 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PEJ | 58.0 | 6.9 | 64.9 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .