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IVDG
Invesco Focused Discovery Growth ETF

Price: $13.13
Change: $0.16 (0.01%)
Category: n/a
Last Updated:

Vitals

  • Issuer Invesco
  • Brand Invesco
  • Structure ETF
  • Expense Ratio 0.59%
  • ETF Home Page Home page
  • Inception Dec 22, 2020
  • Tax Form 1099
  • Index Tracked ACTIVE - No Index

Investment Themes

Analyst Report

The Invesco Focused Discovery Growth ETF is among the first wave of active non-transparent ETFs. This means the fund’s stock pickers don’t have to disclose their holdings every day, unlike most ETFs. The fund’s objective is to invest in newer U.S. companies or in established firms that are early in their growth cycle. The fund will primarily hold mid-cap stocks from the Russell Midcap Growth Index. Holdings will be disclosed quarterly. For years, some active managers resisted launching ETFs because of fears that the daily portfolio transparency would give away their trade secrets. The Securities and Exchange Commission finally approved non-transparent funds in 2019. Whether active non-transparent will pay off remains to be seen. While other active money-managers can close their funds to new investors if they believe their trade is getting too crowded, ETF managers can’t. An active ETF must continue to accept new money, and therefore must be mindful of the capacity constraints of the underlying market. In practice, this means many active equity ETFs, transparent or not, may lean heavily on large-cap U.S. equities. The biggest U.S. stocks are highly liquid, but they’ve also proven a challenging market for active managers and very few consistently beat their benchmarks. Moreover, some active non-transparent ETFs target the same investment strategies pursued by index funds following similar strategies. That is the case with IVDG, which competes with cheaper, plain-vanilla index funds tracking the Russell Midcap Growth Index. Given the portfolio holdings disclosed so far, IVDG tracks a much narrower universe than the index. Are the higher fees and loss of diversification worth it? Only time will tell. IVDG launched in late 2020, so there is a limited real-world track record to compare against its index-tracking rivals. Investors would do well to compare price, holdings, performance and liquidity against ETFs tracking the same benchmark; investors should also compare it against broad mid-cap funds.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $10.98
  • 52 Week Hi $13.51
  • AUM $1.4 M
  • Shares 0.1 M

Historical Trading Data

  • 1 Month Avg. Volume 1,027
  • 3 Month Avg. Volume 814

Alternative ETFs in the n/a Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBBQ 0.00% $59.6 M 0
Largest (AUM) DFAC 0.19% $13.4 B 0
Most Liquid (Volume) DFAU 0.12% $1.1 B 271,117 17.44%
Top YTD Performer AMTR 0.75% $46.0 M 1,602 33.89%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

40
Number of Holdings
32.56%
% Assets in Top 10
46.39%
% Assets in Top 15
100.01%
% Assets in Top 50
Number of Holdings
40

% Assets in Top 10
32.56%

% Assets in Top 15
46.39%

% Assets in Top 50
100.01%

IVDG Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
71.77

IVDG Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A

IVDG Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 120.58 K 1 Year Net Flows: 120.58 K 3 Year Net Flows: 120.58 K 5 Year Net Flows: 120.58 K 10 Year Net Flows: 120.58 K

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for IVDG on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the n/a with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

IVDG Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.542%
ETF Wtd. Average
0.19%
Category Average
0.66%
Expense Ratio
0.59%
ESG Themes and Scores
6.83/10
ESG Score
70.59%
Global Percentile
96.62%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.72%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      74.41
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      1.72%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      3.05%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

IVDG Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

5.16%
1 Week Return
4.95%
4 Week Return
3.82%
13 Week Return
4.79%
26 Week Return
9.82%
Year to Date Return
No Ranking Available
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
5.16%

4 Week Return
4.95%

13 Week Return
3.82%

26 Week Return
4.79%

Year to Date Return
9.82%

1 Year Return
No Ranking Available
Rank
N/A

3 Year Return
No Ranking Available
Rank
N/A

5 Year Return
No Ranking Available
Rank
N/A

IVDG Price and Volume Chart

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 100.01%
Sector Percentage
Technology Services 30.12%
Health Technology 20.61%
Electronic Technology 12.73%
Producer Manufacturing 10.65%
Retail Trade 6.31%
Commercial Services 5.27%
Consumer Services 5.24%
Distribution Services 2.67%
Transportation 2.19%
Consumer Durables 2.18%
Non-Energy Minerals 2.04%
Market Cap Percentage
Mid 0.0%
Small 0.0%
Large 0.0%
Micro 0.0%
Region Percentage
North, Central and South America 100.01%
Region Percentage
Country Percentage
United States 93.37%
Ireland 4.38%
Canada 2.26%
Asset Percentage
Share/Common/Ordinary 100.01%

IVDG Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
16.79%
Rank
131 of 217

20 Day Volatility
14.60%
Rank
66 of 187

50 Day Volatility
13.56%
Rank
44 of 141

200 Day Volatility
22.39%
Rank
19 of 106

Beta
-1.61
Rank
112 of 125

Standard Deviation
No Ranking Available
Rank
N/A

Technicals

  • 20 Day MA $12.71
  • 60 Day MA $12.32
  • MACD 15 Period 0.37
  • MACD 100 Period 0.92
  • Williams % Range 10 Day n/a
  • Williams % Range 20 Day n/a
  • RSI 10 Day 70
  • RSI 20 Day 65
  • RSI 30 Day 61
  • Ultimate Oscillator 69

Bollinger Brands

  • Lower Bollinger (10 Day) $12.34
  • Upper Bollinger (10 Day) $13.14
  • Lower Bollinger (20 Day) $12.38
  • Upper Bollinger (20 Day) $13.02
  • Lower Bollinger (30 Day) $12.06
  • Upper Bollinger (30 Day) $13.06

Support & Resistance

  • Support Level 1 $13.04
  • Support Level 2 $12.94
  • Resistance Level 1 $13.18
  • Resistance Level 2 $13.22

Stochastic

  • Stochastic Oscillator %D (1 Day) 84.82
  • Stochastic Oscillator %D (5 Day) 84.13
  • Stochastic Oscillator %K (1 Day) 68.87
  • Stochastic Oscillator %K (5 Day) 67.58

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the IVDG ETF home page for more information.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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