Invesco S&P MidCap 400 Equal Weight ETF
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
28.8x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
1.9%


  • 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 03, 2010
Assets (mns) $70
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 400
Wgt avg mkt cap (mns) $4,736
Large cap (>$10bn) 6.6%
Mid cap ($2-10bn) 81.9%
Small cap (<$2bn) 11.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAC HOLDINGS INC 0.4 %
ETSY, INC. 0.4 %
PENN NATIONAL GAMING INC 0.4 %
BOSTON BEER COMPANY INC-CL A 0.4 %
QUIDEL CORP 0.4 %
EMERGENT BIOSOLUTIONS INC 0.4 %
PATTERSON COS INC 0.4 %
ENPHASE ENERGY INC 0.3 %
SOLAREDGE TECHNOLOGIES, INC. 0.3 %
CORELOGIC INC 0.3 %
Total 3.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
BRITAIN 1.0 %
BERMUDA 0.7 %
SWITZERLAND 0.2 %
IRELAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.2% -5.9% 4.7% -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.36 91%
MSCI EAFE 1.40 82%
MSCI Emg. Mkts. 0.98 66%

Technical Indicators
Recent close $63.42
30d moving avg. $59.42
Annualized volatility 24.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.6%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $18,561

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™: 6.6%


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
(%)
SPMD SPDR Portfolio Mid Cap ETF 78.2 5 35 6.2 -0.4
MDY SPDR S&P Midcap 400 ETF Trust 78.2 23 17 6.0 -0.6
IJH iShares Core S&P Mid-Cap ETF 78.1 6 34 6.2 -0.4
IVOO Vanguard S&P Mid-Cap 400 ETF 76.9 10 30 6.1 -0.5
SMDY Syntax Stratified MidCap ETF 71.9 30 10 5.9 -0.7
MDYV SPDR S&P 400 Mid Cap Value ETF 64.6 15 25 8.1 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 64.5 25 15 7.9 +1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 63.5 15 25 8.1 +1.5
RWK Invesco S&P MidCap 400 Revenue ETF 61.9 39 1 7.3 +0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 53.7 15 25 4.7 -1.9
IJK iShares S&P Mid-Cap 400 Growth ETF 53.5 24 16 4.7 -1.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 52.5 15 25 4.7 -1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 51.0 7 33 5.3 -1.3
EZM WisdomTree U.S. MidCap Earnings Fund 49.7 38 2 8.6 +2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 47.5 4 36 5.7 -0.9
JHSC John Hancock Multifactor Small Cap ETF 45.8 42 -2 5.6 -1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 42.6 61 -21 6.3 -0.3
VBR Vanguard Small Cap Value Index Fund 41.5 7 33 7.8 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 41.3 17 23 4.8 -1.8
SFYX Sofi Next 500 ETF 41.3 0 40 5.7 -0.9
RNMC Mid Cap US Equity Select ETF 41.1 60 -20 7.1 +0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 40.6 6 34 5.0 -1.6
VB Vanguard Small-Cap ETF 40.6 5 35 5.2 -1.4
FSMD Fidelity Small-Mid Factor ETF 40.5 29 11 6.6 0.0
AFMC First Trust Active Factor Mid Cap ETF 37.8 65 -25 5.9 -0.7
SCHM Schwab U.S. Mid-Cap ETF 37.2 4 36 5.9 -0.7
SCHA Schwab U.S. Small-Cap ETF 35.8 4 36 4.4 -2.2
DON WisdomTree U.S. MidCap Dividend Fund 33.7 38 2 7.3 +0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 33.7 25 15 6.0 -0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 32.2 20 20 8.9 +2.3
IUSS Invesco Strategic US Small Company ETF 31.9 23 17 5.0 -1.6
JKL iShares Morningstar Small Cap Value ETF 31.3 30 10 9.6 +3.0
VXF Vanguard Extended Market Index Fund 30.8 7 33 3.5 -3.1
VBK Vanguard Small-Cap Growth Index Fund 29.1 7 33 2.2 -4.4
FNK First Trust Mid Cap Value AlphaDEX Fund 28.8 70 -30 10.3 +3.7
NUSC Nuveen ESG Small-Cap ETF 28.5 40 0 4.8 -1.8
SMMD iShares Russell 2500 ETF 28.0 15 25 5.6 -1.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 27.8 29 11 9.0 +2.4
JKJ iShares Morningstar Small-Cap ETF 27.1 25 15 6.2 -0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 25.6 29 11 6.6 +0.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 25.1 48 -8 5.4 -1.2
EQAL Invesco Russell 1000 Equal Weight ETF 24.6 20 20 5.4 -1.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 23.7 35 5 3.9 -2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.7 24 16 5.8 -0.8
JHMM John Hancock Multifactor Mid Cap ETF 23.5 42 -2 5.5 -1.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 23.1 70 -30 2.0 -4.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.3 24 16 6.4 -0.2
IWM iShares Russell 2000 ETF 21.3 19 21 3.4 -3.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 21.2 80 -40 5.0 -1.6
ISMD Inspire Small/Mid Cap Impact ETF 21.0 60 -20 6.0 -0.6
VFLQ Vanguard U.S. Liquidity Factor ETF 20.8 14 26 4.4 -2.2
VTWO Vanguard Russell 2000 Index Fund 20.7 10 30 3.5 -3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 20.5 71 -31 9.3 +2.7
RFV Invesco S&P Midcap 400 Pure Value ETF 20.4 35 5 9.4 +2.8
IWN iShares Russell 2000 Value ETF 20.3 24 16 6.6 +0.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.1 20 20 6.7 +0.1
EQWM Invesco S&P MidCap Quality ETF 20.0 25 15 6.0 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 19.9 20 20 6.2 -0.4
PXMV Invesco S&P MidCap Value with Momentum ETF 19.4 39 1 9.3 +2.7
XMMO Invesco S&P MidCap Momentum ETF 19.3 39 1 4.4 -2.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 19.0 29 11 4.6 -2.0
XMLV Invesco S&P MidCap Low Volatility ETF 18.8 25 15 5.4 -1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.6 20 20 4.5 -2.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 18.1 39 1 3.9 -2.7
AFSM First Trust Active Factor Small Cap ETF 17.8 75 -35 5.2 -1.4
AVUV Avantis U.S. Small Cap Value ETF 17.7 25 15 8.0 +1.4
VTWV Vanguard Russell 2000 Value Index Fund 17.7 15 25 6.8 +0.2
TPLC Timothy Plan US Large Cap Core ETF 17.7 52 -12 5.2 -1.4
PSC Principal U.S. Small Cap Index ETF 17.5 38 2 6.3 -0.3
IWS iShares Russell Mid-Cap Value ETF 17.5 24 16 6.8 +0.2
VUSE Vident Core US Equity Fund 17.4 48 -8 8.4 +1.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.2 17 23 6.1 -0.5
ONEY SPDR Russell 1000 Yield Focus ETF 17.1 20 20 8.7 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.9 20 20 4.7 -1.9
VFMF Vanguard U.S. Multifactor ETF 16.6 19 21 6.7 +0.1
VFVA Vanguard U.S. Value Factor ETF 16.6 14 26 10.5 +3.9
TUSA First Trust Total US Market AlphaDEX ETF 16.5 70 -30 5.6 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.5 35 5 5.2 -1.4
IWR iShares Russell Midcap ETF 16.4 19 21 5.4 -1.2
JKK iShares Morningstar Small-Cap Growth ETF 16.0 30 10 1.1 -5.5
PVAL Principal Contrarian Value Index ETF 15.9 29 11 9.3 +2.7
BFOR Barron's 400 ETF 15.6 65 -25 6.0 -0.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.5 30 10 7.1 +0.6
VFQY Vanguard U.S. Quality Factor ETF 15.5 13 27 5.7 -0.9
BUY USCF SummerHaven SHPEI Index Fund 15.2 80 -40 8.3 +1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.1 66 -26 2.3 -4.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.7 30 10 5.4 -1.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.3 35 5 5.6 -1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 14.3 35 5 5.6 -1.0
IWO iShares Russell 2000 Growth ETF 14.2 24 16 -0.1 -6.7
JVAL JPMorgan U.S. Value Factor ETF 14.1 12 28 8.3 +1.7
VTWG Vanguard Russell 2000 Growth Index Fund 14.1 15 25 -0.0 -6.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.9 25 15 6.2 -0.4
IWP iShares Russell Mid-Cap Growth ETF 12.5 24 16 2.9 -3.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 12.3 40 0 5.8 -0.8
DES WisdomTree U.S. SmallCap Dividend Fund 12.1 38 2 7.9 +1.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.9 35 5 7.6 +1.0
JHMI John Hancock Multifactor Industrials ETF 11.9 40 0 5.4 -1.2
CSML IQ Chaikin U.S. Small Cap ETF 11.8 35 5 3.6 -3.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 11.6 35 5 5.7 -0.9

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 11.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.52
 
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.