Invesco S&P Smallcap 600 Equal Weight ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
67.8x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Small Cap 600 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 Small Cap 600 Equal Weight Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Dec 03, 2010
Assets (mns) $33
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 602
Wgt avg mkt cap (mns) $1,608
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 28.5%
Small cap (<$2bn) 71.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GAMESTOP CORP-CLASS A 0.7 %
3D SYSTEMS CORP 0.5 %
MICROSTRATEGY INC-CL A 0.3 %
OFFICE DEPOT INC 0.3 %
CEVA INC 0.3 %
BOSTON PRIVATE FINL HOLDING 0.3 %
UNITED NATURAL FOODS INC 0.2 %
RENEWABLE ENERGY GROUP INC 0.2 %
AEROVIRONMENT INC 0.2 %
BED BATH & BEYOND INC 0.2 %
Total 3.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
BERMUDA 0.8 %
PUERTO RICO 0.5 %
IRELAND 0.2 %
CAYMAN ISLANDS 0.2 %
NETHERLANDS 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.9% 14.9% 11.2% -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.47 84%
MSCI EAFE 1.45 80%
MSCI Emg. Mkts. 1.20 71%

Technical Indicators
Recent close $72.29
30d moving avg. $66.98
Annualized volatility 30.2%
Short interest (ETF) 1.6%
Short interest (Underlying) 7.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.1%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $10,078

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P Smallcap 600 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with EWSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWSC Expense: 40 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWSC
Ticker Fund
Name
Overlap1
vs EWSC
(%)
Expense
ratio
(bp)
Savings
vs EWSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWSC
(%)
SLY SPDR S&P 600 Small Cap ETF 72.6 15 25 5.5 +0.5
SPSM SPDR Portfolio Small Cap ETF 72.6 5 35 5.6 +0.6
IJR iShares Core S&P Small Cap ETF 72.2 6 34 5.6 +0.5
VIOO Vanguard S&P Small-Cap 600 ETF 72.2 10 30 5.5 +0.5
SSLY Syntax Stratified SmallCap ETF 70.3 30 10 4.9 -0.2
XJR iShares ESG Screened S&P Small-Cap ETF 70.2 12 28 5.7 +0.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 65.3 15 25 6.9 +1.8
IJS iShares S&P Small-cap 600 Value ETF 62.5 18 22 6.8 +1.7
SLYV SPDR S&P 600 Small Cap Value ETF 62.4 15 25 6.9 +1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 58.0 39 1 5.3 +0.2
SLYG SPDR S&P 600 Small Cap Growth ETF 46.7 15 25 4.4 -0.7
IJT iShares S&P Small-Cap 600 Growth ETF 46.3 18 22 4.3 -0.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 46.1 16 24 4.3 -0.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 43.5 35 5 6.0 +0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 43.5 35 5 6.0 +0.9
TPSC Timothy Plan US Small Cap Core ETF 41.7 52 -12 5.7 +0.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 41.4 9 31 3.3 -1.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 41.2 29 11 4.2 -0.9
VTWO Vanguard Russell 2000 Index Fund 41.2 10 30 2.6 -2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 39.1 20 20 3.8 -1.3
IWN iShares Russell 2000 Value ETF 38.6 24 16 5.0 -0.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 37.5 39 1 3.4 -1.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 37.2 29 11 4.9 -0.2
VTWV Vanguard Russell 2000 Value Index Fund 36.9 15 25 5.1 +0.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 36.8 39 1 3.9 -1.2
EES WisdomTree SmallCap Earnings Fund 34.7 38 2 7.5 +2.5
FYX First Trust Small Cap Core AlphaDEX Fund 34.6 63 -23 5.4 +0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 33.8 25 15 4.8 -0.3
IWM iShares Russell 2000 ETF 33.6 19 21 2.5 -2.6
CSML IQ Chaikin U.S. Small Cap ETF 33.1 35 5 2.8 -2.3
IUSS Invesco Strategic US Small Company ETF 32.3 23 17 3.6 -1.4
RNSC Small Cap US Equity Select ETF 31.1 60 -20 6.0 +0.9
STSB iShares Factors US Small Blend Style ETF 30.8 35 5 2.9 -2.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 30.6 29 11 -0.3 -5.3
ISMD Inspire Small/Mid Cap Impact ETF 30.3 60 -20 4.3 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 28.7 30 10 6.0 +0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 28.4 35 5 4.9 -0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 27.9 12 28 6.0 +0.9
DES WisdomTree U.S. SmallCap Dividend Fund 27.5 38 2 6.7 +1.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 27.2 35 5 6.8 +1.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.2 24 16 4.9 -0.2
PSC Principal U.S. Small Cap Index ETF 25.7 38 2 4.6 -0.5
SCHA Schwab U.S. Small-Cap ETF 24.8 4 36 3.6 -1.5
AVUV Avantis U.S. Small Cap Value ETF 24.7 25 15 6.3 +1.3
PSCF Invesco S&P SmallCap Financials ETF 24.2 29 11 9.0 +3.9
ROSC Hartford Multifactor Small Cap ETF 24.0 34 6 6.5 +1.4
AFSM First Trust Active Factor Small Cap ETF 23.1 77 -37 4.3 -0.8
VTWG Vanguard Russell 2000 Growth Index Fund 22.3 15 25 0.1 -5.0
IWO iShares Russell 2000 Growth ETF 22.2 24 16 -0.1 -5.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 22.0 35 5 3.7 -1.4
VFVA Vanguard U.S. Value Factor ETF 21.0 14 26 8.5 +3.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.0 17 23 4.0 -1.1
SVAL iShares US Small Cap Value Factor ETF 20.9 20 20 8.3 +3.2
VFQY Vanguard U.S. Quality Factor ETF 20.9 13 27 5.3 +0.2
FYT First Trust Small Cap Value AlphaDEX Fund 20.7 72 -32 7.9 +2.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 20.5 39 1 6.8 +1.7
FSMD Fidelity Small-Mid Factor ETF 20.2 29 11 5.2 +0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.2 6 34 4.0 -1.0
FYC First Trust Small Cap Growth AlphaDEX Fund 19.7 70 -30 1.7 -3.4
IWC iShares Micro-Cap ETF 19.6 60 -20 -3.2 -8.2
XSHQ Invesco S&P SmallCap Quality ETF 19.4 29 11 5.3 +0.2
NUSC Nuveen ESG Small-Cap ETF 19.1 40 0 3.9 -1.1
XSLV Invesco S&P SmallCap Low Volatility ETF 19.0 25 15 4.6 -0.5
XSMO Invesco S&P SmallCap Momentum ETF 18.9 39 1 3.6 -1.5
SQLV Legg Mason Small-Cap Quality Value 17.9 62 -22 4.1 -1.0
VBR Vanguard Small Cap Value Index Fund 16.7 7 33 6.4 +1.4
VFMF Vanguard U.S. Multifactor ETF 16.5 19 21 6.1 +1.1
CALF Pacer US Small Cap Cash Cows 100 ETF 16.4 59 -19 8.7 +3.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 15.8 29 11 6.4 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 15.6 14 26 3.5 -1.6
PSCI Invesco S&P SmallCap Industrials ETF 15.0 29 11 5.0 -0.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 14.7 38 2 7.0 +2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 14.1 4 36 4.7 -0.4
SIXS 6 Meridian Small Cap Equity ETF 14.0 97 -57 7.1 +2.1
VB Vanguard Small-Cap ETF 13.7 5 35 4.4 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 13.3 38 2 7.6 +2.5
PSCT Invesco S&P SmallCap Information Technology ETF 12.7 29 11 4.1 -0.9
SIXL 6 Meridian Low Beta Equity Strategy ETF 12.6 84 -44 4.0 -1.0
BFOR Barron's 400 ETF 12.4 65 -25 5.6 +0.5
VXF Vanguard Extended Market Index Fund 12.2 6 34 2.5 -2.6
PSCH Invesco S&P SmallCap Health Care ETF 12.1 29 11 2.8 -2.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.9 20 20 3.6 -1.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.8 66 -26 1.8 -3.3
FAB First Trust Multi Cap Value AlphaDEX Fund 11.3 71 -31 7.5 +2.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 11.1 20 20 7.1 +2.1
VBK Vanguard Small-Cap Growth Index Fund 10.9 7 33 1.9 -3.2
JSML Janus Henderson Small Cap Growth Alpha ETF 10.7 30 10 5.8 +0.7
VFMO Vanguard U.S. Momentum Factor ETF 10.7 13 27 1.4 -3.7
JKJ iShares Morningstar Small-Cap ETF 10.5 25 15 5.1 -0.0
DWAS Invesco DWA SmallCap Momentum ETF 10.3 60 -20 -1.2 -6.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.4 30 10 7.3 +2.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.8 80 -40 4.7 -0.4
TUSA First Trust Total US Market AlphaDEX ETF 8.5 70 -30 4.8 -0.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.4 30 10 4.9 -0.2
JKK iShares Morningstar Small-Cap Growth ETF 8.2 30 10 0.6 -4.5
VUSE Vident Core US Equity Fund 7.7 48 -8 7.4 +2.3
KRE SPDR S&P Regional Banking ETF 7.6 35 5 7.5 +2.4
VAMO Cambria Value & Momentum ETF 7.4 63 -23 5.4 +0.3
DEEP Roundhill Acquirers Deep Value ETF 7.3 80 -40 7.8 +2.8

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 Smallcap 600 Equal Weight ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.49
 
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.