Invesco S&P Equal Weight Consumer Discretionary
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
14.6x P/Sales
ratio
1.1x
P/BV
ratio
3.2x Div.
yield
2.2%


  • 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 07, 2006
Assets (mns) $108
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 65
Wgt avg mkt cap (mns) $45,400
Large cap (>$10bn) 74.8%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LEGGETT & PLATT INC 2.0 %
TIFFANY & CO 2.0 %
MOHAWK INDUSTRIES INC 1.9 %
BORGWARNER INC 1.8 %
MICHAEL KORS HOLDINGS LTD 1.8 %
BEST BUY CO INC 1.8 %
GARMIN LTD 1.8 %
O'REILLY AUTOMOTIVE INC 1.8 %
RALPH LAUREN CORP 1.7 %
NEWELL RUBBERMAID INC 1.7 %
Total 18.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
BRITAIN 1.8 %
SWITZERLAND 1.8 %
IRELAND 1.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.2% 9.1% 6.6% 13.9% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 1.13 78%
MSCI EAFE 0.98 50%
MSCI Emg. Mkts. 0.64 35%

Technical Indicators
Recent close $107.55
30d moving avg. $105.51
Annualized volatility 15.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.4%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $17,259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco S&P Equal Weight Consumer Discretionary 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™: 8.4%


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 58.4 40 0 6.0 -2.5
XLY Consumer Discretionary Select Sector SPDR 51.1 13 27 5.7 -2.8
FXD First Trust Consumer Discretionary 44.2 64 -24 8.1 -0.4
FDIS Fidelity MSCI Consumer Discrettionary 42.4 8 32 5.4 -3.1
VCR Vanguard Consumer Discretionary 42.2 10 30 5.5 -2.9
RXI iShares S&P Global Consumer Discretionary 36.2 46 -6 6.8 -1.6
IEDI iShares Evolved U.S. Discretionary Spending 33.5 18 22 5.0 -3.5
IYC iShares DJ US Consumer Services 28.9 42 -2 5.0 -3.4
XRT SPDR S&P Retail 28.3 35 5 8.8 +0.4
FTXD First Trust Nasdaq Retail 24.7 60 -20 6.5 -2.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 24.6 60 -20 6.7 -1.8
RVRS Reverse Cap Weighted US Large Cap 20.3 29 11 7.9 -0.5
RTH VanEck Vectors Retail 19.4 35 5 5.7 -2.7
QQXT First Trust NASDAQ-100 Ex-Tech 17.9 60 -20 6.1 -2.4
MILN Global X Millennials Thematic 17.4 50 -10 3.0 -5.4
BVAL Brand Value ETF 17.3 65 -25 7.3 -1.1
SPYD SPDR Portfolio S&P 500 High Dividend 17.0 7 33 9.2 +0.8
RPV Invesco S&P 500 Pure Value ETF 16.1 35 5 9.8 +1.4
XHB SPDR S&P Homebuilders 15.1 35 5 7.6 -0.8
IYK iShares US Consumer Goods 14.6 42 -2 6.3 -2.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Equal Weight Consumer Discretionary
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.4 %
Divided by: Fwd. P/BV 2.8 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
1.55
 
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.