PowerShares Is Now Part of Invesco: Should You Invest in These ETFs?

These exchange-traded funds track several unique stock indexes.

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Invesco exchange-traded funds (ETFs) were formerly known as PowerShares ETFs, but that brand name was phased out in 2018. They are offered by Atlanta-based global investment management firm Invesco Ltd., which was known as Invesco PowerShares Capital Management until June 2018. Invesco had $1.2 trillion in assets under management (AUM) as of Nov. 30, 2019.

Investors who buy Invesco ETFs are typically looking for funds that track a stock index other than a broad market index. For example, the company’s largest ETF Invesco QQQ, as measured by total market value, tracks the NASDAQ 100 Index.

What Are Invesco ETFs?

The former PowerShares ETFs were developed by a firm of the same name that was founded in 2002 and have been a part of Invesco since 2006. These ETFs include a wide variety of funds in diverse categories, including U.S. equity, international equity, sector equity, hedged equity, and commodities.

Top 25 Invesco PowerShares ETFs

There are more than 200 funds on the complete list of Invesco funds, including former PowerShares ETFs, and they invest in multiple asset types and securities. For a good introduction to the Invesco ETFs lineup, investors can review a list of the largest funds in the group, as measured by total market value. 

Seeing a list of a company’s largest-asset funds also offers a glimpse into what other investors may be buying and holding.

Here are the top 25 Invesco ETFs, including former PowerShares funds, in terms of market value as of Jan. 8, rounded to the nearest million.The list also gives each ETF’s ticker symbol, total expense ratio, and the underlying index that it tracks.

  1. Invesco QQQ (QQQ): $88.85 billion market value, 0.20% expense ratio, based on the NASDAQ 100 Index
  2. Invesco S&P 500 Equal Weight ETF (RSP): $16.69 billion market value, 0.20% expense ratio, based on the S&P 500 Equal Weight Index
  3. Invesco S&P 500 Low Volatility ETF (SPLV): $11.93 billion market value, 0.25% expense ratio, based on the S&P 500 Low Volatility Index
  4. Invesco Preferred ETF (PGX): $5.93 billion market value, 0.52% expense ratio, based on the ICE BofAML Core Plus Fixed Rate Preferred Securities Index
  5. Invesco Senior Loan ETF (BKLN): $6.02 billion market value, 0.66% expense ratio, based on the S&P/LSTA U.S. Leveraged Loan 100 Index
  6. Invesco FTSE RAFI US 1000 ETF (PRF): $5.59 billion market value, 0.40% expense ratio, based on the FTSE RAFI US 1000 Index
  7. Invesco S&P 500 High Dividend Low Volatility ETF (SPHD): $3.75 billion market value, 0.30% expense ratio, based on S&P 500 Low Volatility High Dividend Index 
  8. Invesco S&P MidCap Low Volatility ETF (XMLV): $3.67 billion market value, 0.25% expense ratio, based on S&P MidCap 400 Low Volatility Index
  9. Invesco Emerging Markets Sovereign Debt ETF (PCY):$3.59 billion market value, 0.50% expense ratio, based on the DBIQ Emerging Market USD Liquid Balanced Index
  10. Invesco Ultra Short Duration ETF (GSY): $2.77 billion market value, 0.25% expense ratio, actively managed to provide returns in excess of cash equivalents
  11. Invesco S&P 500 Pure Growth ETF (RPG): $2.72 billion market value, 0.35% expense ratio, based on S&P 500 Pure Growth Index
  12. Invesco S&P SmallCap Low Volatility ETF (XSLV): $2.37 billion market value, 0.25% expense ratio, based on S&P SmallCap 600 Low Volatility Index
  13. Invesco National AMT-Free Municipal Bond ETF (PZA): $2.12 billion market value, 0.28% expense ratio, based on ICE BofAML National Long-Term Core Plus Municipal Securities Index
  14. Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ): $1.96 billion market value, 0.40% expense ratio, based on FTSE RAFI US 1500 Small-Mid Index
  15. Invesco S&P 500 Quality ETF (SPHQ): $1.84 billion market value, 0.19% expense ratio, based on the S&P 500 Quality Index
  16. S&P 500 Equal Weight Technology ETF (RYT): $1.84 billion market value, 0.40% expense ratio, based on the S&P 500 Equal Weight Information Technology Index
  17. Invesco BulletShares 2020 Corporate Bond ETF (BSCK): $1.79 billion market value, 0.10% expense ratio, based on the NASDAQ BulletShares USD Corporate Bond 2020 Index
  18. Invesco BulletShares 2021 Corporate Bond ETF (BSCL): $1.77 billion market value, 0.10% expense ratio, based on the NASDAQ BulletShares USD Corporate Bond 2021 Index
  19. Invesco DWA Momentum ETF (PDP): $1.75 billion market value, 0.62% expense ratio, based on Dorsey Wright Technical Leaders Index
  20. Invesco Variable Rate Preferred ETF (VRP): $1.75 billion market value, 0.50% expense ratio, based on Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index
  21. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC): $1.72 billion market value, 0.60% expense ratio, actively managed to track the performance of commodity-linked futures and other globally traded commodities
  22. Invesco S&P Ultra Dividend Revenue ETF (RDIV): $1.63 billion market value, 0.39% expense ratio, S&P 900 Dividend Revenue-Weighted Index
  23. Invesco Financial Preferred ETF (PGF): $1.61 billion market value, 0.62% expense ratio, based on Wells Fargo Hybrid and Secured Financial Securities Index 
  24. Invesco BulletShares 2022 Corporate Bond ETF (BSCM): $1.60 billion market value, 0.10% expense ratio, based on NASDAQ BulletShares USD Corporate Bond 2022 Index
  25. Invesco FTSE RAFI Emerging Markets ETF (PXH): $1.47 billion market value, 0.51% expense ratio, seeks to track FTSE RAFI Emerging Markets Index

Invesco officially acquired Guggenheim Investments’ ETFs in 2018 and OppenheimerFunds in 2019. 

In December 2019, Invesco announced an ETF “product line rationalization” that will liquidate and cease the trading of specific ETFs—some of which transferred over from PowerShares—by May 2020.

The Bottom Line

PowerShares ETFs are now called Invesco ETFs and may not be for every investor. These ETFs may invest in alternative assets, such as commodities-based securities, or narrowly focused sectors, such as financial industry preferred stocks. However, Invesco ETFs may be appropriate funds for investors who are looking for ETFs based on unique market indexes or on alternative investment security indexes. 

Article Sources

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  4. ETFdb.com. "Largest ETFs: Top 100 ETFs By Assets." Accessed Jan. 9, 2020.

  5. ETF.com. "Invesco Eliminating PowerShares Brand." Accessed Jan.9, 2020.

  6. Invesco. "Invesco QQQ." Accessed Jan. 8, 2020.

  7. Invesco. "Invesco S&P 500® Equal Weight ETF." Accessed Jan. 8, 2020.  

  8. Invesco. "Invesco S&P 500 Low Volatility ETF." Accessed Jan. 8, 2020.

  9. Invesco. "Invesco Preferred ETF." Accessed Jan. 8, 2020.

  10. Invesco. "Invesco Senior Loan ETF." Accessed Jan. 8, 2020.

  11. Invesco. "Invesco FTSE RAFI US 1000 ETF." Accessed Jan. 8, 2020.

  12. Invesco. "Invesco S&P 500 High Dividend Low Volatility ETF." Accessed Jan. 8, 2020.

  13. Invesco. "Invesco S&P MidCap Low Volatility ETF." Accessed Jan. 8, 2020.

  14. Invesco. "Invesco Emerging Markets Sovereign Debt ETF." Accessed Jan. 8, 2020.

  15. Invesco. "Invesco Ultra Short Duration ETF." Accessed Jan. 8, 2020.

  16. Invesco. "Invesco S&P 500 Pure Growth ETF." Accessed Jan. 9, 2020.

  17. Invesco. "Invesco S&P SmallCap Low Volatility ETF." Accessed Jan. 8, 2020.

  18. Invesco "Invesco National AMT-Free Municipal Bond ETF." Accessed Jan. 8, 2020.

  19. Invesco. "Invesco FTSE RAFI US 1500 Small-Mid ETF." Accessed Jan. 8, 2020.

  20. Invesco. "Invesco S&P 500 Quality ETF." Accessed Jan. 8, 2020.

  21. Invesco. "S&P 500 Equal Weight Technology ETF." Accessed Jan. 8, 2020.

  22. Invesco. "Invesco BulletShares 2020 Corporate Bond ETF." Accessed Jan. 8, 2020.

  23. Invesco. "Invesco BulletShares 2021 Corporate Bond ETF." Accessed Jan. 8, 2020.

  24. Invesco. "Invesco DWA Momentum ETF." Accessed Jan. 8, 2020.

  25. Invesco. "Invesco Variable Rate Preferred ETF." Accessed Jan. 8, 2020.

  26. Invesco. "Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF." Accessed Jan. 8, 2020.

  27. Invesco."Invesco S&P Ultra Dividend Revenue ETF." Accessed Jan. 8, 2020.

  28. Invesco. "Invesco Financial Preferred ETF." Accessed Jan. 8, 2020.

  29. Invesco. "Invesco BulletShares 2022 Corporate Bond ETF." Accessed Jan. 8, 2020.

  30. Invesco. "Invesco FTSE RAFI Emerging Markets ETF." Accessed Jan. 8, 2020.

  31. Invesco. "Invesco Announces Mutual Fund and ETF Product Line Rationalization and Other Product Changes." Accessed Jan. 9, 2020.

  32. Invesco. "Exchange-Traded Funds." Accessed Jan. 9, 2020.