PowerShares Is 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. In 2018, that brand name was phased out. What was once known as Invesco PowerShares Capital Management now goes by the name of Invesco Ltd., an Atlanta-based global investment management firm since June 2018. As of the fourth quarter of 2021, Invesco had $1.6 trillion in assets under management (AUM), per the latest data reports released in early 2022.

Investors who buy Invesco ETFs are often looking for funds that track a certain 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 first developed by a firm of the same name that was founded in 2002. They have been a part of Invesco since 2006. These ETFs include a wide range of funds in diverse categories, including U.S. equity, international equity, sector equity, hedged equity, and commodities.

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

Top 25 Invesco ETFs

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

Seeing a list of a company’s highest-asset funds may also offer 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 early March 2022, rounded to the nearest million. The list also gives each ETF’s ticker symbol, its total expense ratio, and the underlying index that it tracks.

  1. Invesco QQQ (QQQ): $179.00 billion market value, 0.20% expense ratio, based on the NASDAQ 100 Index.
  2. Invesco S&P 500 Equal Weight ETF (RSP): $31.95 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): $8.94 billion market value, 0.25% expense ratio, based on the S&P 500 Low Volatility Index.
  4. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC): $7.07 billion market value, 0.59% expense ratio, actively managed to track the performance of commodity-linked futures and other globally traded commodities.
  5. Invesco Preferred ETF (PGX): $6.80 billion market value, 0.51% expense ratio, based on the ICE BofAML Core Plus Fixed Rate Preferred Securities Index.
  6. Invesco FTSE RAFI US 1000 ETF (PRF): $5.73 billion market value, 0.40% expense ratio, based on the FTSE RAFI US 1000 Index.
  7. Invesco Senior Loan ETF (BKLN): $5.45 billion market value, 0.66% expense ratio, based on the S&P/LSTA U.S. Leveraged Loan 100 Index.
  8. Invesco S&P 500 Quality ETF (SPHQ): $3.82 billion market value, 0.19% expense ratio, based on the S&P 500 Quality Index.
  9. Invesco S&P 500® Pure Value ETF (RPV): $3.79 billion market value, 0.35% expense ratio, based on S&P 500 High Value stocks.
  10. Invesco NASDAQ 100 ETF (QQQM): $3.72 billion market value, 0.15% expense ratio, tracks 100 of the largest nonfinancial companies listed on Nasdaq.
  11. Invesco DB Commodity Index Tracking Fund (DBC): $3.67 billion market value, 0.87% expense ratio, tracks changes in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return plus the interest income from US Treasury securities and money market income less the Fund's expenses.
  12. Invesco KBW Bank ETF (KBWB): $3.49 billion market value, 0.35% expense ratio, based on the KBW Nasdaq Bank Index.
  13. Invesco S&P 500 High Dividend Low Volatility ETF (SPHD): $3.13 billion market value, 0.30% expense ratio, based on S&P 500 Low Volatility High Dividend Index.
  14. Invesco S&P 500 Pure Growth ETF (RPG): $2.60 billion market value, 0.35% expense ratio, based on S&P 500 Pure Growth Index.
  15. Invesco Ultra Short Duration ETF (GSY): $2.62 billion market value, 0.22% expense ratio, actively managed to provide returns in excess of cash equivalent.
  16. S&P 500 Equal Weight Technology ETF (RYT): $2.41 billion market value, 0.40% expense ratio, based on the S&P 500 Equal Weight Information Technology Index.
  17. Invesco PureBeta MSCI USA ETF (PBUS): $2.41 billion market value, 0.04% expense ratio, based on the MSCI USA Index.
  18. Invesco National AMT-Free Municipal Bond ETF (PZA): $2.39 billion market value, 0.28% expense ratio, based on ICE BofAML National Long-Term Core Plus Municipal Securities Index.
  19. Invesco S&P 500 Top 50 ETF (XLG): $2.34 billion market value, 0.20% expense ratio, tracks the 50 largest securities by market cap in U.S.-based Russell 3000 equities.
  20. Invesco BulletShares 2023 Corporate Bond ETF (BSCN): $2.28 billion market value, 0.10% expense ratio, tracks an index of U.S. corporate bonds that mature in 2023.
  21. Invesco Taxable Municipal Bond ETF (BAB): $ 2.28 billion market value, 0.28% expense ratio, seeks to track BofA Merrill Lynch Build America Bond Index.
  22. Invesco BulletShares 2022 Corporate Bond ETF (BSCM): $2.26 billion market value, 0.10% expense ratio, based on NASDAQ BulletShares USD Corporate Bond 2022 Index.
  23. Invesco Emerging Markets Sovereign Debt ETF (PCY): $2.22 billion market value, 0.50% expense ratio, based on the DBIQ Emerging Market USD Liquid Balanced Index.
  24. Invesco Solar ETF (TAN): $2.22 billion market value, 0.69% expense ratio, targets equities based in solar energy.
  25. Invesco BulletShares 2024 Corporate Bond ETF (BSCO): $2.06 billion market value, 0.10% expense ratio, tracks an index of U.S. corporate bonds that mature in 2024.

Key Takeaways

  • PowerShares ETFs are now called Invesco ETFs.
  • These ETFs may invest in alternative assets, such as commodities-based securities, or narrowly focused sectors, such as financial industry preferred stocks.
  • Invesco ETFs may be right for you if you are looking for ETFs based on unique market indexes or on alternative investment security indexes.

Article Sources

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  7. Invesco. "Press Release: Invesco Announces Reorganization of the OppenheimerFunds ETFs into Invesco ETFs."

  8. ETF Database. "Invesco ETF List."

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  13. Invesco. "Invesco Preferred ETF."

  14. Invesco. "Invesco FTSE RAFI US 1000 ETF."

  15. Invesco. "Invesco Senior Loan ETF."

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  20. Invesco. "Invesco KBW Bank ETF."

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  22. Invesco. "Invesco S&P 500 Pure Growth ETF."

  23. Invesco. "Invesco Ultra Short Duration ETF."

  24. Invesco. "S&P 500 Equal Weight Technology ETF."

  25. Invesco. "Invesco PureBeta MSCI USA ETF."

  26. Invesco. "Invesco National AMT-Free Municipal Bond ETF."

  27. ETF Database. "Invesco S&P 500 Top 50 ETF."

  28. ETF Database. "Invesco BulletShares 2023 Corporate Bond ETF."

  29. Invesco. "Invesco Taxable Municipal Bond ETF."

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  31. Invesco. "Invesco Emerging Markets Sovereign Debt ETF."

  32. ETF Database. "Invesco Solar ETF."

  33. ETF Database. "Invesco BulletShares 2024 Corporate Bond ETF."

  34. Invesco. "Exchange-Traded Funds."