Invesco S&P MidCap 400 Equal Weight ETF
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
36.6x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Mid Cap 400 Equal Weight ETF is an exchange-traded fund incorporated in the USA. The Fund's investment objective is to correspond as closely as possible, before fees and expenses, to the price and yield performance of the S&P Mid Cap 400 Equal Weight Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Dec 08, 2010
Assets (mns) $61
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 401
Wgt avg mkt cap (mns) $4,119
Large cap (>$10bn) 4.4%
Mid cap ($2-10bn) 76.0%
Small cap (<$2bn) 19.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PENN NATIONAL GAMING INC 0.5 %
MATADOR RESOURCES CO 0.5 %
ELDORADO RESORTS INC 0.5 %
ENPHASE ENERGY INC 0.4 %
PATTERSON-UTI ENERGY INC 0.4 %
II-VI INC 0.4 %
RH 0.4 %
SALLY BEAUTY HOLDINGS INC 0.4 %
BRINKER INTERNATIONAL INC 0.4 %
TAYLOR MORRISON HOME CORP-A 0.4 %
Total 4.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
BRITAIN 1.1 %
BERMUDA 0.5 %
IRELAND 0.3 %
SWITZERLAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -3.5% 2.9% -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 1.37 91%
MSCI EAFE 1.40 82%
MSCI Emg. Mkts. 1.03 68%

Technical Indicators
Recent close $60.90
30d moving avg. $53.51
Annualized volatility 24.4%
Short interest (ETF) 3.5%
Short interest (Underlying) 6.6%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.7%
Bid/Ask (% of price) 1.03%
ADV underlying (mns) $24,099

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P MidCap 400 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with EWMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWMC Expense: 40 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWMC
Ticker Fund
Name
Overlap1
vs EWMC
(%)
Expense
ratio
(bp)
Savings
vs EWMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWMC
(%)
MDY SPDR S&P Midcap 400 ETF Trust 74.7 23 17 6.1 -0.4
SPMD SPDR Portfolio Mid Cap ETF 74.7 5 35 6.2 -0.2
IJH iShares Core S&P Mid-Cap ETF 74.7 6 34 6.2 -0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 73.2 10 30 6.1 -0.4
SMDY Syntax Stratified MidCap ETF 72.4 30 10 6.1 -0.4
MDYV SPDR S&P 400 Mid Cap Value ETF 63.0 15 25 8.0 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 62.9 25 15 7.9 +1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 62.5 15 25 8.1 +1.6
RWK Invesco S&P MidCap 400 Revenue ETF 60.5 39 1 7.2 +0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 50.0 24 16 4.7 -1.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 50.0 15 25 4.8 -1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 49.9 7 33 5.4 -1.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 49.1 15 25 4.6 -1.8
EZM WisdomTree U.S. MidCap Earnings Fund 48.1 38 2 8.8 +2.3
VBR Vanguard Small Cap Value Index Fund 43.8 7 33 8.1 +1.6
VB Vanguard Small-Cap ETF 42.7 5 35 5.4 -1.1
JHSC John Hancock Multifactor Small Cap ETF 42.2 50 -10 5.7 -0.8
RNMC Mid Cap US Equity Select ETF 41.3 60 -20 7.5 +1.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 41.1 6 34 5.0 -1.5
FNX First Trust Mid Cap Core AlphaDEX Fund 40.3 61 -21 6.4 -0.1
SFYX Sofi Next 500 ETF 38.7 0 40 5.9 -0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 38.3 17 23 4.8 -1.7
FSMD Fidelity Small-Mid Factor ETF 38.1 29 11 6.8 +0.3
SCHM Schwab U.S. Mid-Cap ETF 36.9 4 36 6.2 -0.3
AFMC First Trust Active Factor Mid Cap ETF 36.3 65 -25 6.0 -0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 36.2 25 15 6.2 -0.3
IUSS Invesco Strategic US Small Company ETF 35.7 23 17 5.8 -0.7
SCHA Schwab U.S. Small-Cap ETF 35.4 4 36 4.7 -1.8
VXF Vanguard Extended Market Index Fund 33.0 7 33 3.8 -2.7
DON WisdomTree U.S. MidCap Dividend Fund 32.3 38 2 7.4 +0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 31.4 20 20 9.1 +2.6
JKL iShares Morningstar Small Cap Value ETF 31.0 30 10 9.2 +2.7
VBK Vanguard Small-Cap Growth Index Fund 27.4 7 33 2.5 -4.0
FNK First Trust Mid Cap Value AlphaDEX Fund 27.4 70 -30 9.8 +3.3
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 27.4 39 1 6.1 -0.4
NUSC Nuveen ESG Small-Cap ETF 27.3 40 0 4.9 -1.6
SMMD iShares Russell 2500 ETF 25.2 15 25 5.4 -1.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 25.0 29 11 6.5 0.0
JHMM John Hancock Multifactor Mid Cap ETF 23.6 44 -4 5.6 -0.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 23.5 48 -8 6.2 -0.3
EQAL Invesco Russell 1000 Equal Weight ETF 23.4 20 20 4.9 -1.6
IWM iShares Russell 2000 ETF 22.7 19 21 3.5 -2.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 22.6 35 5 3.7 -2.8
RFV Invesco S&P Midcap 400 Pure Value ETF 22.6 35 5 9.1 +2.6
VTWO Vanguard Russell 2000 Index Fund 22.1 10 30 3.6 -2.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.9 24 16 7.5 +1.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 21.7 70 -30 2.1 -4.4
JKJ iShares Morningstar Small-Cap ETF 21.5 25 15 6.3 -0.2
VFLQ Vanguard U.S. Liquidity Factor ETF 21.3 13 27 3.4 -3.1
ISMD Inspire Small/Mid Cap Impact ETF 21.0 61 -21 6.6 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.8 29 11 5.8 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.7 20 20 6.8 +0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 20.2 71 -31 8.9 +2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 20.1 20 20 5.9 -0.6
IWN iShares Russell 2000 Value ETF 19.6 24 16 6.9 +0.4
PXMV Invesco S&P MidCap Value with Momentum ETF 19.4 39 1 9.0 +2.6
VTWV Vanguard Russell 2000 Value Index Fund 19.4 15 25 7.0 +0.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 19.3 20 20 6.0 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 18.9 24 16 5.9 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 18.8 20 20 6.4 -0.1
XMMO Invesco S&P MidCap Momentum ETF 18.7 39 1 4.3 -2.2
PSC Principal U.S. Small Cap Index ETF 18.7 38 2 6.8 +0.3
EQWM Invesco S&P MidCap Quality ETF 18.6 25 15 5.0 -1.5
IWS iShares Russell Mid-Cap Value ETF 18.4 24 16 6.9 +0.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 18.4 80 -40 5.4 -1.1
AVUV Avantis U.S. Small Cap Value ETF 18.4 25 15 8.4 +1.9
PVAL Principal Contrarian Value Index ETF 18.0 29 11 7.2 +0.7
XMLV Invesco S&P MidCap Low Volatility ETF 18.0 25 15 5.3 -1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 18.0 39 1 4.2 -2.3
ONEY SPDR Russell 1000 Yield Focus ETF 17.3 20 20 8.0 +1.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.3 35 5 5.7 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.0 17 23 6.4 -0.1
TUSA First Trust Total US Market AlphaDEX ETF 16.8 70 -30 5.9 -0.6
AFSM First Trust Active Factor Small Cap ETF 16.6 75 -35 5.6 -0.9
VFVA Vanguard U.S. Value Factor ETF 16.1 13 27 11.2 +4.7
JKK iShares Morningstar Small-Cap Growth ETF 16.0 30 10 1.4 -5.1
BFOR Barron's 400 ETF 15.9 66 -26 6.2 -0.3
IWR iShares Russell Midcap ETF 15.5 19 21 5.6 -0.9
VUSE Vident Core US Equity Fund 15.5 48 -8 7.5 +1.0
VFQY Vanguard U.S. Quality Factor ETF 15.4 13 27 5.9 -0.6
VFMF Vanguard U.S. Multifactor ETF 15.4 18 22 7.2 +0.7
IWO iShares Russell 2000 Growth ETF 15.3 24 16 0.7 -5.8
VTWG Vanguard Russell 2000 Growth Index Fund 15.1 15 25 0.8 -5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.1 66 -26 2.6 -3.9
TPLC Timothy Plan US Large Cap Core ETF 15.1 52 -12 5.3 -1.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.9 30 10 7.4 +0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.4 35 5 6.1 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.0 35 5 5.7 -0.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.8 30 10 5.9 -0.6
JVAL JPMorgan U.S. Value Factor ETF 13.4 12 28 8.5 +2.0
RNSC Small Cap US Equity Select ETF 13.2 60 -20 7.2 +0.7
DES WisdomTree U.S. SmallCap Dividend Fund 12.9 38 2 8.2 +1.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 12.5 35 5 8.0 +1.5
FYX First Trust Small Cap Core AlphaDEX Fund 12.4 63 -23 6.2 -0.3
FYT First Trust Small Cap Value AlphaDEX Fund 12.3 72 -32 8.4 +2.0
CSML IQ Chaikin U.S. Small Cap ETF 12.2 35 5 4.5 -2.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 11.8 40 0 5.9 -0.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 11.5 12 28 7.7 +1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 11.2 25 15 6.1 -0.4
TPSC Timothy Plan US Small Cap Core ETF 11.2 52 -12 7.5 +1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco S&P MidCap 400 Equal Weight ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.