Invesco S&P Smallcap 600 Equal Weight ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
6,542.6x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
2.0%


  • 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) $25
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 601
Wgt avg mkt cap (mns) $1,310
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 17.8%
Small cap (<$2bn) 81.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TUPPERWARE BRANDS CORP 0.4 %
OWENS & MINOR INC 0.4 %
SUNRUN INC. 0.4 %
LUMBER LIQUIDATORS INC 0.3 %
ARLO TECHNOLOGIES, INC. 0.3 %
ORASURE TECHNOLOGIES INC 0.3 %
LITHIA MOTORS INC-CL A 0.3 %
APPLIED OPTOELECTRONICS INC 0.3 %
PITNEY BOWES INC 0.3 %
COMMUNITY HEALTH SYSTEMS INC 0.3 %
Total 3.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
BERMUDA 0.6 %
PUERTO RICO 0.5 %
CAYMAN ISLANDS 0.2 %
BRITAIN 0.2 %
IRELAND 0.2 %
NETHERLANDS 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.
-15.3% -9.8% 2.9% -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.46 84%
MSCI EAFE 1.52 77%
MSCI Emg. Mkts. 1.08 63%

Technical Indicators
Recent close $49.80
30d moving avg. $46.81
Annualized volatility 27.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 7.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $7,821

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™: 6.3%


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 71.6 15 25 6.5 +0.2
SPSM SPDR Portfolio Small Cap ETF 71.6 5 35 6.7 +0.3
IJR iShares Core S&P Small Cap ETF 71.2 7 33 6.6 +0.3
VIOO Vanguard S&P Small-Cap 600 ETF 70.4 10 30 6.6 +0.3
SSLY Syntax Stratified SmallCap ETF 69.9 30 10 6.0 -0.4
SLYV SPDR S&P 600 Small Cap Value ETF 60.1 15 25 8.5 +2.1
IJS iShares S&P Small-cap 600 Value ETF 60.0 25 15 8.4 +2.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 59.2 15 25 8.5 +2.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 57.7 39 1 6.2 -0.2
SLYG SPDR S&P 600 Small Cap Growth ETF 49.0 15 25 5.1 -1.3
IJT iShares S&P Small-Cap 600 Growth ETF 48.9 25 15 5.0 -1.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 48.5 16 24 5.0 -1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 43.9 29 11 4.7 -1.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 40.7 35 5 7.8 +1.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 39.2 20 20 4.9 -1.5
EES WisdomTree SmallCap Earnings Fund 38.7 38 2 10.6 +4.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 37.9 35 5 7.9 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 36.9 39 1 4.0 -2.3
IWN iShares Russell 2000 Value ETF 36.7 24 16 6.9 +0.6
FYX First Trust Small Cap Core AlphaDEX Fund 36.3 63 -23 6.3 -0.0
IWM iShares Russell 2000 ETF 35.8 19 21 3.5 -2.9
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 35.6 29 11 6.0 -0.3
VTWO Vanguard Russell 2000 Index Fund 34.9 10 30 3.6 -2.7
CSML IQ Chaikin U.S. Small Cap ETF 34.8 35 5 3.7 -2.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 34.2 29 11 0.0 -6.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 31.9 25 15 6.2 -0.1
RNSC Small Cap US Equity Select ETF 31.5 60 -20 7.0 +0.6
VTWV Vanguard Russell 2000 Value Index Fund 31.4 15 25 7.1 +0.8
IUSS Invesco Strategic US Small Company ETF 31.2 23 17 5.2 -1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 29.6 39 1 6.5 +0.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 29.3 24 16 6.6 +0.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 29.1 35 5 5.8 -0.5
ISMD Inspire Small/Mid Cap Impact ETF 28.8 60 -20 6.0 -0.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 28.5 30 10 7.2 +0.9
PSC Principal U.S. Small Cap Index ETF 28.3 38 2 6.6 +0.3
DES WisdomTree U.S. SmallCap Dividend Fund 28.1 38 2 8.2 +1.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 27.3 12 28 7.3 +1.0
AFSM First Trust Active Factor Small Cap ETF 26.4 75 -35 5.3 -1.1
IWO iShares Russell 2000 Growth ETF 25.9 24 16 -0.1 -6.4
VTWG Vanguard Russell 2000 Growth Index Fund 25.5 15 25 -0.0 -6.4
SCHA Schwab U.S. Small-Cap ETF 24.9 4 36 4.4 -1.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 24.5 35 5 5.7 -0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 23.1 35 5 7.8 +1.4
ROGS Hartford Multifactor Global Small Cap ETF 22.9 34 6 7.6 +1.3
AVUV Avantis U.S. Small Cap Value ETF 22.8 25 15 8.4 +2.1
PSCF Invesco S&P SmallCap Financials ETF 22.7 29 11 11.0 +4.7
FYT First Trust Small Cap Value AlphaDEX Fund 22.3 72 -32 9.7 +3.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.8 17 23 4.9 -1.4
PXSG Invesco S&P SmallCap Momentum ETF 20.4 39 1 4.7 -1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.1 6 34 5.0 -1.3
IWC iShares Micro-Cap ETF 20.0 60 -20 -3.5 -9.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 20.0 39 1 9.5 +3.1
XSHQ Invesco S&P SmallCap Quality ETF 19.7 29 11 6.3 -0.1
XSLV Invesco S&P SmallCap Low Volatility ETF 19.7 25 15 5.8 -0.5
SQLV Legg Mason Small-Cap Quality Value 19.4 62 -22 7.4 +1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 19.3 70 -30 1.8 -4.5
NUSC Nuveen ESG Small-Cap ETF 18.8 40 0 4.9 -1.5
FSMD Fidelity Small-Mid Factor ETF 18.7 29 11 6.7 +0.4
VFQY Vanguard U.S. Quality Factor ETF 18.1 13 27 5.8 -0.5
VFMF Vanguard U.S. Multifactor ETF 17.7 19 21 6.8 +0.5
CALF Pacer US Small Cap Cash Cows 100 ETF 16.9 59 -19 10.5 +4.2
VBR Vanguard Small Cap Value Index Fund 16.6 7 33 8.1 +1.7
PSCI Invesco S&P SmallCap Industrials ETF 16.1 29 11 6.0 -0.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 15.9 29 11 7.5 +1.2
VFVA Vanguard U.S. Value Factor ETF 15.8 14 26 11.0 +4.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 15.1 38 2 8.5 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 15.1 4 36 5.8 -0.5
VB Vanguard Small-Cap ETF 14.3 5 35 5.2 -1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 14.2 14 26 4.5 -1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.8 20 20 4.6 -1.8
PSCT Invesco S&P SmallCap Information Technology ETF 13.3 29 11 5.3 -1.1
PSCH Invesco S&P SmallCap Health Care ETF 12.9 29 11 2.9 -3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 12.8 71 -31 9.7 +3.4
VXF Vanguard Extended Market Index Fund 12.6 7 33 3.5 -2.8
BUY USCF SummerHaven SHPEI Index Fund 12.6 80 -40 9.1 +2.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.2 20 20 9.2 +2.9
VBK Vanguard Small-Cap Growth Index Fund 11.8 7 33 2.2 -4.1
DWAS Invesco DWA SmallCap Momentum ETF 11.0 60 -20 -2.3 -8.6
BFOR Barron's 400 ETF 10.7 65 -25 6.1 -0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.6 66 -26 2.2 -4.1
JKJ iShares Morningstar Small-Cap ETF 10.5 25 15 6.4 +0.1
JKK iShares Morningstar Small-Cap Growth ETF 10.4 30 10 1.0 -5.3
JSML Janus Henderson Small Cap Growth Alpha ETF 10.4 30 10 7.3 +1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.0 80 -40 5.1 -1.2
VFMO Vanguard U.S. Momentum Factor ETF 9.3 13 27 0.1 -6.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 10 10.7 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.7 30 10 5.4 -0.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.6 35 5 9.0 +2.7
JHSC John Hancock Multifactor Small Cap ETF 8.5 42 -2 5.6 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 8.2 38 2 8.8 +2.5
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 20 2.4 -4.0
TUSA First Trust Total US Market AlphaDEX ETF 7.9 70 -30 5.7 -0.6
VUSE Vident Core US Equity Fund 7.5 48 -8 7.5 +1.2
VAMO Cambria Value & Momentum ETF 7.2 64 -24 6.6 +0.2
ROOF IQ US Real Estate Small Cap ETF 7.0 70 -30 11.2 +4.9
KRE SPDR S&P Regional Banking ETF 6.7 35 5 11.2 +4.9
FDM First Trust Dow Jones Select Microcap Index Fund 6.6 60 -20 7.1 +0.8
PSCM Invesco S&P SmallCap Materials ETF 5.9 29 11 9.4 +3.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.8 25 15 6.3 -0.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 5.7 60 -20 10.6 +4.3

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:

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 7.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.