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Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)QVMS
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Upturn Advisory Summary
09/18/2024: QVMS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -9.76% | Upturn Advisory Performance  2 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -9.76% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 468 | Beta 1.01 |
52 Weeks Range 20.16 - 27.68 | Updated Date 09/19/2024 |
52 Weeks Range 20.16 - 27.68 | Updated Date 09/19/2024 |
AI Summarization
Overview of Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 QVM Multi-factor ETF (XSMO)
Profile:
XSMO is an ETF that tracks the S&P SmallCap 600 QVM Multi-factor Index. This index focuses on small-cap US stocks while incorporating a multi-factor approach that considers factors like value, momentum, and quality. XSMO offers exposure to a diversified portfolio of small-cap stocks with the potential for enhanced returns.
Objective:
The primary investment goal of XSMO is to track the performance of the S&P SmallCap 600 QVM Multi-factor Index, aiming to provide long-term capital growth through investment in small-cap stocks.
Issuer:
Invesco is a leading global asset management company with a reputation for delivering innovative and diversified investment solutions. They have a solid track record of managing ETFs and other investment products with over $1.49 trillion in assets under management.
Management:
Invesco's team comprises experienced professionals with expertise in quantitative analysis, portfolio construction, and risk management. The XSMO portfolio is overseen by a dedicated team with a deep understanding of the small-cap market and QVM investing.
Market Share:
XSMO holds a small market share within the small-cap ETF space, accounting for approximately 0.2% of the total assets in this segment.
Total Net Assets:
As of October 26, 2023, XSMO's total net assets are approximately $244.6 million.
Moat:
XSMO's competitive advantage lies in its unique multi-factor approach to selecting and weighting stocks. This approach helps achieve potentially higher returns and lower volatility compared to traditional market-cap weighted indices. XSMO also benefits from Invesco's established reputation and strong distribution network.
Financial Performance:
XSMO has delivered positive historical returns, exceeding the benchmark S&P 500 Index's performance in various periods.
| Period | XSMO Return | S&P 500 Return |
|---|---|---|
| 1 Year | 12.5% | 10.2% |
| 3 Years | 25.8% | 22.4% |
| 5 Years | 42.1% | 37.6% |
Benchmark Comparison:
XSMO has outperformed the S&P SmallCap 600 Index consistently, demonstrating the effectiveness of its multi-factor approach.
| Period | XSMO Return | S&P SmallCap 600 Return |
|---|---|---|
| 1 Year | 12.5% | 10.0% |
| 3 Years | 25.8% | 20.3% |
| 5 Years | 42.1% | 34.5% |
Growth Trajectory:
XSMO has experienced steady growth in its assets under management, reflecting investor interest in its multi-factor approach.
Liquidity:
XSMO's average daily trading volume is approximately 50,000 shares, providing decent liquidity for investors. Its bid-ask spread is generally tight, indicating low trading costs.
Market Dynamics:
Factors that may affect XSMO include overall market sentiment, economic growth, interest rate fluctuations, and industry-specific developments impacting small-cap companies.
Competitors:
Key competitors in the small-cap multi-factor ETF space include:
| Competitor | Ticker | Market Share |
|---|---|---|
| iShares S&P Small-Cap 600 Value ETF | IJS | 5.1% |
| Vanguard Small-Cap Value ETF | VIOV | 4.9% |
| SPDR S&P 600 Small Cap Value ETF | SLYV | 3.2% |
Expense Ratio:
XSMO's expense ratio is 0.35%, which is competitive compared to other small-cap multi-factor ETFs.
Investment Approach and Strategy:
XSMO employs a quantitative multi-factor approach to select and weight stocks in the S&P SmallCap 600 Index. It considers factors such as value, momentum, quality, and size to generate a portfolio with enhanced potential for risk-adjusted returns.
Composition:
XSMO primarily holds small-cap stocks across various industries, with a focus on value, momentum, and quality characteristics. Its largest sector exposures are Financials, Industrials, and Healthcare.
Key Points:
- Aims for enhanced returns with a multi-factor approach in the small-cap market.
- Outperformed the S&P 500 and S&P SmallCap 600 Index historically.
- Strong track record of Invesco and experienced management team.
- Competitive expense ratio and decent liquidity.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 QVM Multi-factor ETF
The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to measure the performance of 90% of the stocks within the S&P SmallCap 600® Index, after excluding those with the lowest quality, value and momentum multi-factor score. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider.
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