POWA vs SIZE: Grades, Fees and Holdings Compared

Invesco Bloomberg Pricing Power ETF

POWACNYSE Arca

iShares MSCI USA Size Factor ETF

SIZEANYSE Arca

Overlap

8.7%by weight

Expense ratio

SIZE −0.25pt a year

POWA0.40%SIZE0.15%

Avg volume · 30D

SIZE 1.4×the volume

POWA3.82KSIZE5.21K

10Y return · a year

SIZE +1.2pt

POWA+10.8%SIZE+12.0%

POWA vs SIZE Performance

Oct 29, 2021 – Oct 30, 2026

+41.5%POWA+43.6%SIZE

Expense ratio: POWA 0.40%; SIZE 0.15%, better
Fund size: POWA $168M; SIZE $433M
1Y total return: POWA +3.0%; SIZE +13.8%, better
Yield (12M): POWA 0.91%; SIZE 1.37%, better
Holdings: POWA 53; SIZE 518
Avg volume (30D): POWA 3.82K sh; SIZE 5.21K sh, better
NAV per share: POWA $92.76; SIZE $180.22
52W range

ETF.net Grade

Pillar letters and Scores for POWA, SIZE, with each pillar’s weight
Pillar	POWA	SIZE
Cost30% weight	D26	A81Higher
Mission25% weight	B55	A93Higher
Risk15% weight	C51	B66Higher
Tradability15% weight	D34Higher	F23
Holdings10% weight	B63	A88Higher
Durability5% weight	C47	B57Higher

Rank among US Factor Index funds

How we build Categories ›

Same Category. POWA and SIZE are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds

See all 30 ›

SIZE ranks 3rd and POWA 20th of 30 funds in the US Factor Index Category.

Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
Rank 3ASIZEiShares MSCI USA Size Factor ETFScore 72
Rank 4ADXUVU.S. Vector Equity Portfolio ETF Class SharesScore 70
Rank 19CTMFCMotley Fool 100 Index ETFScore 46
Rank 20CPOWAInvesco Bloomberg Pricing Power ETFScore 42
Rank 21DCALFPacer US Small Cap Cash Cows ETFScore 39

Our read on each fund

ETF.net Research

POWACInvesco Bloomberg Pricing Power ETF

SIZEAiShares MSCI USA Size Factor ETF

In short

POWA Most factor funds slice on ratios. POWA screens for a business trait: companies that have held their profit margins steady, the fingerprint of pricing power. Roughly 50 US large- and mid-caps, held in equal slices.

SIZE The size factor without leaving the large-cap pool: SIZE holds roughly 500 US stocks and leans toward the smaller names in that universe, spreading weight away from the mega-cap giants. An iShares factor original from 2013.

Stated mandate

POWA The Fund seeks to track the investment results of the Bloomberg Pricing Power Index before fees and expenses. The index selects U.S. large- and mid-capitalization companies with historically consistent, stable profit margins.

SIZE The fund seeks to track an index of U.S. stocks that have smaller market capitalizations relative to their peers.

Why people hold it

POWA The pitch is plain English: own businesses whose profit margins have stayed steady, rather than a bundle of abstract factor loadings.
Equal weighting across about 50 names keeps any single mega-cap from running the portfolio.stockanalysis.com
Selection is rules-based and published: it tracks the Bloomberg Pricing Power Index of US large- and mid-caps, not a manager's hunch.invesco.com

SIZE Charges 0.15%, roughly half the typical fee among US factor ETFs.
Tracks the MSCI USA Low Size Index tightly, one of the closer index implementations in its peer group.
Roughly 500 holdings, so no single name dominates the way it does in a cap-weighted US index.
Running since 2013, one of the original iShares single-factor funds rather than a recent launch.ishares.com

Worth knowing

POWA The 0.40% fee sits above the typical US factor ETF and well above cheap peers like MGV (0.05%) or SIZE (0.15%).
Thinly traded, so bid-ask spreads and order size matter more here than with the category's giants.
A concentrated, equal-weight lineup of about 50 stocks brings real sector tilts and bigger single-name impact than a broad index fund.stockanalysis.com

SIZE Thinly traded next to headline index funds, so bid-ask spreads can run wider and bigger orders need more care.
This is a tilt, not a small-cap fund: the index draws from US large and mid caps and favors the smaller end of that pool.
A mid-sized fund by category standards, not one of the asset-gathering giants. Pays quarterly.

Full POWA profile⁠

Full SIZE profile⁠

POWA vs SIZE Holdings

How POWA and SIZE differ

Overlap by weight

8.7%

Shared holdings make up 90.0% of POWA and 8.7% of SIZE.

Level by level

Holdings45 in both8.7%
Sector11 Sectors65.8%
Countryby domicile97.7%
Asset classEquity100%

Sector

Sector weights in POWA and SIZE, widest gap first
Sector	More in POWAMore in SIZE	POWA	SIZE
Financials	SIZE +14.0 points	2.0%	16.1%
Consumer Staples	POWA +10.1 points	15.8%	5.7%
Consumer Discretionary	POWA +7.3 points	16.3%	9.0%
Health Care	POWA +7.2 points	20.0%	12.8%
Technology	POWA +7.0 points	24.9%	17.9%
Utilities	SIZE +5.2 points	0.0%	5.2%
Materials	SIZE +4.8 points	0.0%	4.8%
Energy	SIZE +4.3 points	0.0%	4.3%
Communication	SIZE +3.3 points	0.0%	3.3%
Industrials	POWA +2.9 points	19.1%	16.2%
Real Estate	SIZE +2.5 points	2.0%	4.5%

Country, concentration and asset class

Country by domicile

Country weights in POWA and SIZE, widest gap first
Country	More in POWAMore in SIZE	POWA	SIZE
United States	POWA +2.3 points	100.0%	97.7%
United Kingdom	SIZE +0.6 points	0.0%	0.6%
Switzerland	SIZE +0.6 points	0.0%	0.6%
Other countries (6)	SIZE +1.1 points	0.0%	1.1%

Concentration

Weight in the 10 largest Holdings

POWA23.4%
SIZE3.7%

Securities held

POWA52
SIZE515

Asset class

POWA: Equity
SIZE: Equity

Holdings

Only in POWA7
In both45
Only in SIZE470

Only in POWA

7 securities, 9.9% of POWA by weight

GoDaddy Inc2.17%
Lamar Advertising Co2.05%
TD SYNNEX Corp2.01%
US Foods Holding Corp1.90%
Hormel Foods Corp1.70%
Invesco Government & Agency Portfolio0.04%
Securities Lending - Bnym0.00%

Only in SIZE

470 securities, 91.2% of SIZE by weight

Okta Class A0.47%
Atlassian Corp Class A0.42%
Natera0.40%
Sharkninja0.39%
Veeva Systems Class A0.36%
Vivmark Residential0.36%
Snowflake0.33%
Dell Technologies Inc Class C0.32%
Illumina Inc0.32%
Everpure Inc Class A0.32%
Netapp Inc0.31%
Hewlett Packard Enterprise0.31%
Marathon Petroleum0.31%
Agilent Technologies Inc0.30%
Iqvia Holdings Inc0.29%
Cdw0.29%
Workday Class A0.29%
Crowdstrike Holdings Class A0.29%
Dollar Tree Inc0.28%
Phillips 660.28%
Williams Sonoma Inc0.28%
Valero Energy Corp0.28%
Thermo Fisher Scientific0.27%
Global Payments Inc0.27%
Labcorp Holdings0.27%
Estee Lauder Inc Class A0.27%
Regeneron Pharmaceuticals0.27%
Jacobs Solutions Inc0.27%
Toast Class A0.27%
Palo Alto Networks0.27%
Hp Inc0.26%
Samsara Class A0.26%
Waters Corp0.26%
Ptc0.26%
West Pharmaceutical Services0.26%
Zscaler0.26%
Genuine Parts0.26%
Corebridge Financial Inc0.25%
Quest Diagnostics Inc0.25%
Expedia Group0.25%
Biogen0.25%
Arthur J Gallagher0.25%
Becton Dickinson0.25%
Humana0.25%
Amcor PLC0.25%
International Flavors & Fragrances0.25%
Amgen Inc0.25%
Danaher0.25%
Cloudflare Class A0.25%
Cheniere Energy0.25%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in POWA and SIZE, widest gap first
Holding	More in POWAMore in SIZE	POWA	SIZE
Accenture PLCACN	POWA +2.42 points	2.68%	0.26%
Ulta Beauty IncULTA	POWA +2.19 points	2.44%	0.25%
NXP Semiconductors NVNXPI	POWA +2.18 points	2.34%	0.16%
eBay IncEBAY	POWA +2.15 points	2.35%	0.20%
Mettler-Toledo International IncMTD	POWA +2.10 points	2.40%	0.30%
Intuitive Surgical IncISRG	POWA +2.07 points	2.24%	0.17%
McKesson CorpMCK	POWA +2.05 points	2.28%	0.23%
Marriott International Inc/MDMAR	POWA +2.01 points	2.21%	0.20%
Microsoft CorpMSFT	POWA +1.98 points	2.18%	0.20%
MSCI IncMSCI	POWA +1.97 points	2.17%	0.20%
Walmart IncWMT	POWA +1.96 points	2.11%	0.15%
Roper Technologies IncROP	POWA +1.92 points	2.19%	0.27%
Best Buy Co IncBBY	POWA +1.92 points	2.24%	0.32%
Costco Wholesale CorpCOST	POWA +1.91 points	2.07%	0.16%
Cardinal Health IncCAH	POWA +1.89 points	2.12%	0.23%
Keysight Technologies IncKEYS	POWA +1.89 points	2.05%	0.16%
Dollar General CorpDG	POWA +1.87 points	2.11%	0.24%
Otis Worldwide CorpOTIS	POWA +1.86 points	2.06%	0.20%
AMETEK IncAME	POWA +1.86 points	2.06%	0.20%
AutoZone IncAZO	POWA +1.86 points	2.03%	0.17%
Cencora IncCOR	POWA +1.84 points	2.07%	0.23%
Fastenal CoFAST	POWA +1.81 points	2.03%	0.22%
Sysco CorpSYY	POWA +1.78 points	1.99%	0.21%
Ferguson Enterprises IncFERG	POWA +1.77 points	1.97%	0.20%
Steris PLCSTE	POWA +1.75 points	1.95%	0.20%
O'Reilly Automotive IncORLY	POWA +1.75 points	1.92%	0.17%
Autodesk IncADSK	POWA +1.72 points	1.91%	0.19%
Home Depot Inc/TheHD	POWA +1.71 points	1.90%	0.19%
Quanta Services IncPWR	POWA +1.70 points	1.86%	0.16%
PepsiCo IncPEP	POWA +1.70 points	1.86%	0.16%
Lowe's Cos IncLOW	POWA +1.70 points	1.87%	0.17%
HEICO CorpHEI	POWA +1.69 points	1.78%	0.09%
Archer-Daniels-Midland CoADM	POWA +1.70 points	1.88%	0.18%
Neurocrine Biosciences IncNBIX	POWA +1.69 points	1.87%	0.18%
General Dynamics CorpGD	POWA +1.68 points	1.88%	0.20%
Fidelity National Information Services IncFIS	POWA +1.65 points	1.82%	0.17%
Adobe IncADBE	POWA +1.63 points	1.81%	0.18%
Jabil IncJBL	POWA +1.62 points	1.77%	0.15%
KLA CorpKLAC	POWA +1.62 points	1.78%	0.16%
Incyte CorpINCY	POWA +1.57 points	1.81%	0.24%
Cummins IncCMI	POWA +1.55 points	1.69%	0.14%
Boston Scientific CorpBSX	POWA +1.50 points	1.63%	0.13%
JB Hunt Transport Services IncJBHT	POWA +1.46 points	1.62%	0.16%
Cooper Cos Inc/TheCOO	POWA +1.37 points	1.56%	0.19%
Curtiss-Wright CorpCW	POWA +1.34 points	1.47%	0.13%

All 51 POWA holdings⁠All 515 SIZE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

POWA vs SIZE Cost

Overpaying POWA vs SIZE

$4,953

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

POWA 0.40%
$8,090
SIZE 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

POWA 0.40%
SIZE 0.15%
Overpaying

Year by year

Year	POWA	SIZE	Overpaying
10	$723	$274	$449
20	$2,793	$1,071	$1,722
30	$8,090	$3,137	$4,953

Expense ratio

0.40%POWA
0.15%SIZE, cheaper

SIZE0.15%POWA0.40%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

SIZE 5th cheapest of 30 funds

POWA 22nd cheapest of 30 funds

POWA vs SIZE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): POWA 0.91%; SIZE 1.37%, better
Payout (12M): POWA $0.85; SIZE $2.47
Last payment: POWA $0.85; SIZE $0.65
Ex-dividend: POWA Dec 22, 2025; SIZE Sep 15, 2026
Paid on: POWA Dec 26, 2025; SIZE Sep 18, 2026
Frequency: POWA Annual; SIZE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

POWAAnnual · 9 paymentsAll POWA payments⁠

SIZEQuarterly · 41 paymentsAll SIZE payments⁠

POWA vs SIZE Risk

Fall from peak · 5 years

POWA
SIZE

Risk facts

VolatilityStd dev, 3 years: POWA 11.9%, betterSIZE 13.0%
Return per unit of riskSharpe ratio, 3 years: POWA 0.81SIZE 1.06, better
Worst fallMax drawdown, 5 years: POWA −17.8%, betterSIZE −24.0%
Market sensitivityBeta, 5 years: POWA 0.77SIZE 0.97; Market = 1

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