PSL
Invesco Dorsey Wright Consumer Staples Momentum ETF
Invesco Dynamic Consumer Staples Sector Portfolio seeks investment results that correspond to the price and yield of the Dynamic Consumer Staples Sector Index, which evaluates companies base
US
EQUITY
Rules-Based
MANAGEMENT STYLE
93.7 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 12, 2006 |
| Assets (mns) | $94 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SPROUTS FARMERS MARKET INC | 4.0 % |
| ALTRIA GROUP INC | 3.6 % |
| CHURCH & DWIGHT CO INC | 3.6 % |
| CASEY'S GENERAL STORES INC | 3.3 % |
| SERVICE CORP INTERNATIONAL | 3.3 % |
| COSTCO WHOLESALE CORP | 3.2 % |
| FRESHPET INC | 3.2 % |
| MONSTER BEVERAGE CORPORATION | 3.1 % |
| BELLRING BRANDS INC | 3.1 % |
| PROCTER & GAMBLE CO/THE | 3.0 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 259 |
| Wgt avg mkt cap (mns) | $54,001 |
| Large cap (>$10bn) | 61.5% |
| Mid cap ($2-10bn) | 27.8% |
| Small cap (<$2bn) | 9.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.6% | 29.7% | 13.2% | 5.3% | 8.9% | 8.8% | 9.5% | Volatility | 11.9% | 12.4% | 12.7% | 15.8% | 19.4% | 16.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 68% |
| MSCI EAFE | 0.74 | 71% |
| MSCI Emg Mkts | 0.53 | 34% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $8,936 |
Technical Indicators
| Recent close | $107.56 |
| 30d moving avg. | $101.32 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 4.2% |
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. PSL |
Expenses vs. PSL |
ALTAR Score™ vs. PSL |
|---|---|---|---|---|
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 34.0% | -20 bp | +3.4% |
| FSTA | FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF | 31.1% | -52 bp | +1.1% |
| VDC | Vanguard Consumer Staples ETF | 31.1% | -50 bp | +1.0% |
| XLP | Consumer Staples Select Sector SPDR Fund | 30.7% | -51 bp | +1.5% |
| IYK | iShares U.S. Consumer Staples ETF | 28.8% | -20 bp | +1.7% |
| FXG | First Trust Consumer Staples AlphaDEX Fund | 28.4% | +3 bp | +2.2% |
| PBJ | Invesco Food & Beverage ETF | 27.7% | -3 bp | +1.2% |
| FTXG | First Trust Nasdaq Food & Beverage ETF | 24.2% | 0 bp | +1.8% |
| KXI | iShares Global Consumer Staples ETF | 22.4% | -19 bp | +0.8% |
| SIXL | ETC 6 Meridian Low Beta Equity ETF | 10.9% | +20 bp | -0.7% |
Risk and Returns: PSL 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 11/21/2024
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
PSL
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™
PSL
4.9%
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%. PSL's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places PSL in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PSLSELL
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 |
| PSL (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSL | 60.0 | 17.4 | 77.4 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .