Invesco S&P 500 Equal Weight Consumer Discretionary ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
268.6x P/Sales
ratio
1.0x
P/BV
ratio
2.6x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Consumer Discretionary ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the performance of the S&P Equal Weight Consumer Discretionary Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 01, 2006
Assets (mns) $66
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $55,663
Large cap (>$10bn) 65.6%
Mid cap ($2-10bn) 34.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GAP INC/THE 2.0 %
EBAY INC 1.9 %
AMAZON.COM INC 1.9 %
BEST BUY CO INC 1.9 %
TRACTOR SUPPLY COMPANY 1.9 %
LOWE'S COS INC 1.8 %
DOLLAR TREE INC 1.8 %
CHIPOTLE MEXICAN GRILL-CL A 1.8 %
GARMIN LTD 1.8 %
WHIRLPOOL CORP 1.8 %
Total 18.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
SWITZERLAND 1.8 %
IRELAND 1.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.4% -13.7% 1.2% 11.1% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.51 86%
MSCI EAFE 1.56 81%
MSCI Emg. Mkts. 1.15 69%

Technical Indicators
Recent close $88.63
30d moving avg. $90.15
Annualized volatility 27.5%
Short interest (ETF) 1.2%
Short interest (Underlying) 6.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 17
Turnover 2.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $38,752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P 500 Equal Weight Consumer Discretionary ETF ETF based on the alternatives' overlap in portfolio holdings with RCD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RCD Expense: 40 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RCD
Ticker Fund
Name
Overlap1
vs RCD
(%)
Expense
ratio
(bp)
Savings
vs RCD
(bp)
ALTAR
Score™
(%)
ALTAR
vs RCD
(%)
JHMC John Hancock Multifactor Consumer Discretionary ETF 53.6 40 0 4.4 -2.4
XLY Consumer Discretionary Select Sector SPDR Fund 48.9 13 27 4.1 -2.6
VCR Vanguard Consumer Discretionary Index Fund 37.7 10 30 4.0 -2.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 36.1 8 32 3.6 -3.2
RXI iShares Global Consumer Discretionary ETF 35.2 46 -6 5.3 -1.4
FXD First Trust Consumer Discretionary AlphaDEX Fund 35.0 64 -24 7.9 +1.1
IEDI iShares Evolved U.S. Discretionary Spending ETF 30.6 18 22 3.7 -3.0
IYC iShares U.S. Consumer Services ETF 29.4 42 -2 4.2 -2.6
XRT SPDR S&P Retail ETF 26.1 35 5 6.9 +0.1
FTXD First Trust Nasdaq Retail ETF 21.4 60 -20 5.2 -1.6
RTH VanEck Vectors Retail ETF 20.1 35 5 5.1 -1.7
MILN Global X Millennials Thematic ETF 18.6 50 -10 2.5 -4.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.7 29 11 8.3 +1.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.9 60 -20 3.7 -3.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 16.6 49 -9 9.4 +2.6
SPHB Invesco S&P 500 High Beta ETF 16.6 25 15 9.6 +2.8
BVAL Brand Value ETF 16.5 65 -25 6.2 -0.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 16.4 60 -20 3.0 -3.7
PMOM Principal Sustainable Momentum Index ETF 16.3 29 11 9.1 +2.3
RPG Invesco S&P 500 Pure Growth ETF 15.7 35 5 4.4 -2.4
XHB SPDR S&P Homebuilders ETF 15.5 35 5 7.9 +1.1
ACSI American Customer Satisfaction Core Alpha ETF 15.4 66 -26 5.8 -1.0
SPYB SPDR S&P 500 Buyback ETF 14.4 0 40 0.0 -6.8
FLQL Franklin LibertyQ U.S. Equity ETF 14.4 15 25 6.3 -0.4
JOYY Infusive Compounding Global Equities ETF 14.1 50 -10 3.8 -2.9
FTA First Trust Large Cap Value AlphaDEX Fund 13.8 60 -20 9.3 +2.5
HOMZ Hoya Capital Housing ETF 13.8 45 -5 7.8 +1.1
MAGA Point Bridge GOP Stock Tracker ETF 13.5 72 -32 6.6 -0.2
ITB iShares U.S. Home Construction ETF 13.0 42 -2 8.6 +1.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 12.9 30 10 6.0 -0.8
RPV Invesco S&P 500 Pure Value ETF 12.9 35 5 11.3 +4.5
RNDV US Equity Dividend Select ETF 12.6 50 -10 7.7 +0.9
COWZ Pacer US Cash Cows 100 ETF 12.6 49 -9 10.9 +4.1
QSY WisdomTree U.S. LargeCap Value Fund 12.6 38 2 6.9 +0.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.5 99 -59 2.3 -4.5
SLT Salt TruBeta High Exposure ETF 12.2 29 11 9.5 +2.8
RWL Invesco S&P 500 Revenue ETF 12.0 39 1 7.3 +0.5
SPMV Invesco S&P 500 Minimum Variance ETF 11.9 10 30 5.9 -0.9
VOE Vanguard Mid-Cap Value Index Fund 11.9 7 33 8.0 +1.3
RSP Invesco S&P 500 Equal Weight ETF 11.8 20 20 6.8 +0.0
DSTL Distillate US Fundamental Stability & Value ETF 11.7 39 1 6.6 -0.2
NUMV Nuveen ESG Mid-Cap Value ETF 11.5 40 0 7.8 +1.0
IYK iShares U.S. Consumer Goods ETF 11.4 42 -2 5.3 -1.5
SPVM Invesco S&P 500 Value with Momentum ETF 11.4 39 1 9.2 +2.5
RAFE PIMCO RAFI ESG U.S. ETF 11.3 29 11 7.9 +1.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 11.1 65 -25 3.4 -3.4
ONEY SPDR Russell 1000 Yield Focus ETF 11.1 20 20 9.4 +2.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 11.1 19 21 5.7 -1.1
FLLV Franklin Liberty U.S. Low Volatility ETF 11.1 29 11 5.9 -0.9
RNLC Large Cap US Equity Select ETF 11.1 60 -20 6.2 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.0 75 -35 3.8 -2.9
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 11.0 75 -35 5.8 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 10.9 12 28 5.3 -1.5
NULG Nuveen ESG Large-Cap Growth ETF 10.8 35 5 3.6 -3.2
FTCS First Trust Capital Strength ETF 10.8 58 -18 4.9 -1.8
JKG iShares Morningstar Mid-Cap ETF 10.7 25 15 5.6 -1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 10.7 34 6 4.9 -1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 10.7 29 11 6.3 -0.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 10.7 70 -30 4.8 -2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 10.7 9 31 5.6 -1.2
FEX First Trust Large Cap Core AlphaDEX Fund 10.5 60 -20 6.0 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 10.5 27 13 5.7 -1.0
PKB Invesco Dynamic Building & Construction ETF 10.5 60 -20 6.8 +0.1
QGRO American Century STOXX U.S. Quality Growth ETF 10.4 29 11 3.2 -3.6
LVUS Hartford Multifactor Low Volatility US Equity ETF 10.4 19 21 6.1 -0.7
IUS Invesco Strategic US ETF 10.4 19 21 6.7 -0.0
AFLG First Trust Active Factor Large Cap ETF 10.2 55 -15 5.6 -1.2
GENY Principal Millennials Index ETF 10.1 45 -5 3.8 -3.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.0 59 -19 4.2 -2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.0 35 5 4.4 -2.3
EQWL Invesco Russell Top 200 Equal Weight ETF 10.0 25 15 6.2 -0.6
FTXR First Trust Nasdaq Transportation ETF 10.0 60 -20 6.4 -0.3
FQAL Fidelity Quality Factor ETF 9.9 29 11 5.5 -1.3
SPGP Invesco S&P 500 GARP ETF 9.9 35 5 7.3 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 9.8 12 28 3.9 -2.9
VUG Vanguard Growth Index Fund 9.8 4 36 4.1 -2.7
BUL Pacer US Cash Cows Growth ETF 9.7 60 -20 6.2 -0.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 9.6 35 5 6.9 +0.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 9.6 35 5 6.2 -0.6
VIG Vanguard Dividend Appreciation Index Fund 9.6 6 34 5.5 -1.3
MGK Vanguard Mega Cap Growth ETF 9.6 7 33 4.2 -2.6
LEAD Reality Shares DIVCON Leaders Dividend ETF 9.6 43 -3 4.4 -2.4
JKD iShares Morningstar Large-Cap ETF 9.5 20 20 5.7 -1.0
FDLO Fidelity Low Volatility Factor ETF 9.5 29 11 5.2 -1.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 9.5 75 -35 7.4 +0.6
RFFC RiverFront Dynamic US Flex-Cap ETF 9.4 52 -12 4.7 -2.0
VLUE iShares Edge MSCI USA Value Factor ETF 9.4 15 25 11.5 +4.7
KRMA Global X Conscious Companies ETF 9.4 43 -3 5.3 -1.5
STLG iShares Factors US Growth Style ETF 9.4 25 15 3.7 -3.1
PVAL Principal Contrarian Value Index ETF 9.4 29 11 10.2 +3.4
JDIV JPMorgan U.S. Dividend ETF 9.3 12 28 7.9 +1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 9.3 15 25 6.9 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 9.2 27 13 5.1 -1.7
VSDA VictoryShares Dividend Accelerator ETF 9.2 35 5 4.9 -1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 9.1 18 22 6.3 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 9.1 27 13 5.0 -1.8
JHML John Hancock Multifactor Large Cap ETF 9.1 29 11 5.6 -1.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 9.1 52 -12 5.1 -1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 9.0 49 -9 4.1 -2.7
VOOG Vanguard S&P 500 Growth ETF 9.0 10 30 4.3 -2.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 500 Equal Weight Consumer Discretionary 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 17.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.