Invesco S&P Smallcap 600 Equal Weight ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.4x P/Sales
ratio
0.4x
P/BV
ratio
0.9x Div.
yield
3.2%


  • 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 08, 2010
Assets (mns) $19
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) $1,121
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 14.6%
Small cap (<$2bn) 85.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CINCINNATI BELL INC. 0.5 %
OWENS & MINOR INC 0.4 %
MOMENTA PHARMACEUTICALS INC 0.4 %
SAFEHOLD, INC. 0.4 %
STAMPS.COM INC 0.4 %
EHEALTH INC 0.4 %
TABULA RASA HEALTHCARE, INC. 0.4 %
UNITED NATURAL FOODS INC 0.4 %
ORASURE TECHNOLOGIES INC 0.4 %
CONSOLIDATED COMMUNICATIONS HOLDIN 0.3 %
Total 4.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
BERMUDA 0.6 %
PUERTO RICO 0.5 %
CAYMAN ISLANDS 0.2 %
IRELAND 0.2 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-37.5% -33.2% -4.1% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.44 80%
MSCI EAFE 1.36 69%
MSCI Emg. Mkts. 1.00 55%

Technical Indicators
Recent close $35.43
30d moving avg. $42.67
Annualized volatility 24.5%
Short interest (ETF) 0.5%
Short interest (Underlying) 7.0%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.6%
Bid/Ask (% of price) 1.76%
ADV underlying (mns) $9,080

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.4%


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
(%)
IJR iShares Core S&P Small Cap ETF 74.1 7 33 9.0 +0.7
SLY SPDR S&P 600 Small Cap ETF 74.1 15 25 8.9 +0.6
SPSM SPDR Portfolio Small Cap ETF 74.1 5 35 9.0 +0.7
VIOO Vanguard S&P Small-Cap 600 ETF 73.4 10 30 9.0 +0.7
SLYV SPDR S&P 600 Small Cap Value ETF 61.0 15 25 11.5 +3.1
IJS iShares S&P Small-cap 600 Value ETF 60.8 25 15 11.4 +3.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 60.5 15 25 11.6 +3.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 56.8 39 1 9.0 +0.6
SLYG SPDR S&P 600 Small Cap Growth ETF 52.7 15 25 7.1 -1.3
IJT iShares S&P Small-Cap 600 Growth ETF 52.7 25 15 7.0 -1.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 52.5 16 24 7.1 -1.3
ISMD Inspire Small/Mid Cap Impact ETF 49.8 61 -21 7.1 -1.3
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 43.7 35 5 10.9 +2.6
TPSC Timothy Plan US Small Cap Core ETF 42.0 52 -12 10.4 +2.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 41.8 29 11 8.0 -0.4
FYX First Trust Small Cap Core AlphaDEX Fund 39.4 63 -23 8.5 +0.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 38.7 39 1 6.0 -2.4
EES WisdomTree SmallCap Earnings Fund 37.5 38 2 18.1 +9.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 36.0 20 20 8.4 0.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 35.2 29 11 0.0 -8.4
VTWO Vanguard Russell 2000 Index Fund 35.1 10 30 5.5 -2.9
IWM iShares Russell 2000 ETF 35.1 19 21 5.3 -3.1
VTWV Vanguard Russell 2000 Value Index Fund 34.3 15 25 9.8 +1.5
IWN iShares Russell 2000 Value ETF 34.2 24 16 9.7 +1.3
RNSC Small Cap US Equity Select ETF 33.7 60 -20 9.0 +0.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 33.6 29 11 11.7 +3.4
DES WisdomTree U.S. SmallCap Dividend Fund 32.2 38 2 12.0 +3.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 31.4 39 1 8.2 -0.2
IWO iShares Russell 2000 Growth ETF 29.8 24 16 1.5 -6.9
VTWG Vanguard Russell 2000 Growth Index Fund 29.7 15 25 1.7 -6.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 29.7 25 15 9.1 +0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 29.2 35 5 8.6 +0.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 28.2 24 16 10.4 +2.1
PSC Principal U.S. Small Cap Index ETF 28.1 38 2 10.3 +2.0
IUSS Invesco Strategic US Small Company ETF 27.7 23 17 8.4 +0.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 27.4 30 10 10.1 +1.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 27.2 12 28 9.8 +1.5
SCHA Schwab U.S. Small-Cap ETF 26.4 4 36 7.1 -1.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 24.6 35 5 9.0 +0.7
ROGS Hartford Multifactor Global Small Cap ETF 24.5 34 6 11.0 +2.6
SCAP AdvisorShares Cornerstone Small Cap ETF 23.9 90 -50 7.6 -0.8
AVUV Avantis U.S. Small Cap Value ETF 23.4 25 15 13.0 +4.6
PSCF Invesco S&P SmallCap Financials ETF 23.2 29 11 14.1 +5.7
FYT First Trust Small Cap Value AlphaDEX Fund 22.8 72 -32 12.8 +4.4
AFSM First Trust Active Factor Small Cap ETF 22.7 75 -35 10.0 +1.6
XSHQ Invesco S&P SmallCap Quality ETF 22.6 29 11 7.6 -0.7
FYC First Trust Small Cap Growth AlphaDEX Fund 22.4 70 -30 3.5 -4.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 21.1 6 34 7.5 -0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.1 17 23 6.9 -1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 21.0 25 15 10.8 +2.5
PXSG Invesco S&P SmallCap Momentum ETF 20.9 39 1 6.9 -1.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 20.7 35 5 12.4 +4.0
IWC iShares Micro-Cap ETF 20.1 60 -20 -5.2 -13.5
NUSC Nuveen ESG Small-Cap ETF 19.8 40 0 7.2 -1.2
FSMD Fidelity Small-Mid Factor ETF 19.7 29 11 9.5 +1.1
VFQY Vanguard U.S. Quality Factor ETF 19.4 13 27 8.2 -0.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.7 38 2 12.5 +4.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 18.0 39 1 14.9 +6.5
SQLV Legg Mason Small-Cap Quality Value 17.9 62 -22 11.6 +3.3
VBR Vanguard Small Cap Value Index Fund 17.8 7 33 11.4 +3.0
PSCI Invesco S&P SmallCap Industrials ETF 15.8 29 11 9.2 +0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.8 20 20 7.4 -1.0
CALF Pacer US Small Cap Cash Cows 100 ETF 15.7 59 -19 17.2 +8.8
VB Vanguard Small-Cap ETF 15.4 5 35 7.7 -0.7
CSML IQ Chaikin U.S. Small Cap ETF 15.4 35 5 12.5 +4.1
BUY USCF SummerHaven SHPEI Index Fund 15.1 80 -40 17.2 +8.9
PSCH Invesco S&P SmallCap Health Care ETF 14.7 29 11 4.0 -4.3
VFMF Vanguard U.S. Multifactor ETF 14.6 18 22 10.4 +2.1
PSCT Invesco S&P SmallCap Information Technology ETF 14.6 29 11 7.3 -1.1
JKJ iShares Morningstar Small-Cap ETF 14.5 25 15 8.6 +0.2
VXF Vanguard Extended Market Index Fund 13.9 7 33 5.6 -2.8
VBK Vanguard Small-Cap Growth Index Fund 13.1 7 33 3.7 -4.6
DWAS Invesco DWA SmallCap Momentum ETF 12.9 60 -20 1.0 -7.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 12.9 29 11 12.9 +4.5
JKK iShares Morningstar Small-Cap Growth ETF 12.9 30 10 2.1 -6.2
VFVA Vanguard U.S. Value Factor ETF 12.7 13 27 15.5 +7.1
JSML Janus Henderson Small Cap Growth Alpha ETF 12.4 35 5 9.0 +0.7
VFMO Vanguard U.S. Momentum Factor ETF 12.3 13 27 4.5 -3.9
BFOR Barron's 400 ETF 11.9 66 -26 8.7 +0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 11.8 13 27 5.2 -3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 11.7 71 -31 12.7 +4.3
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 11.5 35 5 10.9 +2.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 11.5 48 -8 8.5 +0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.2 66 -26 4.0 -4.3
JHSC John Hancock Multifactor Small Cap ETF 11.1 50 -10 8.2 -0.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 10.0 30 10 15.5 +7.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.8 20 20 9.8 +1.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 9.4 35 5 7.5 -0.9
EZM WisdomTree U.S. MidCap Earnings Fund 8.7 38 2 13.0 +4.6
VAMO Cambria Value & Momentum ETF 8.6 64 -24 9.0 +0.7
KOMP SPDR Kensho New Economies Composite ETF 8.6 20 20 2.6 -5.7
TUSA First Trust Total US Market AlphaDEX ETF 8.3 70 -30 8.9 +0.5
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 8.1 35 5 11.7 +3.3
VUSE Vident Core US Equity Fund 7.3 48 -8 10.5 +2.1
KRE SPDR S&P Regional Banking ETF 6.7 35 5 14.9 +6.5
ROOF IQ US Real Estate Small Cap ETF 6.4 70 -30 13.7 +5.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.3 60 -20 13.1 +4.7
SMDV ProShares Russell 2000 Dividend Growers ETF 6.3 40 0 7.9 -0.4
FDM First Trust Dow Jones Select Microcap Index Fund 6.2 60 -20 12.9 +4.5
JKL iShares Morningstar Small Cap Value ETF 5.8 30 10 14.0 +5.7

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 7.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.51
 
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.