Invesco S&P Ultra Dividend Revenue ETF
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RDIV tracks an index that selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Sep 30, 2013
Assets (mns) $636
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon/The
Weighting Revenue
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 60
Wgt avg mkt cap (mns) $50,631
Large cap (>$10bn) 77.7%
Mid cap ($2-10bn) 22.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARATHON PETROLEUM 5.9 %
PHILLIPS 66 5.7 %
WELLS FARGO & CO 5.5 %
CHEVRON CORP 5.0 %
METLIFE INC 5.0 %
LYONDELLBASELL INDU-CL A 4.9 %
PRUDENTIAL FINANCIAL INC 4.8 %
BAKER HUGHES, A GE COMPANY CLASS A 4.7 %
INTL BUSINESS MACHINES CORP 4.4 %
PHILIP MORRIS INTERNATIONAL 4.2 %
Total 50.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
BRITAIN 4.9 %
IRELAND 1.7 %








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.
-9.4% -9.4% 8.6% -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.31 79%
MSCI EAFE 1.33 81%
MSCI Emg. Mkts. 1.07 67%

Technical Indicators
Recent close $35.66
30d moving avg. $34.62
Annualized volatility 27.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 105
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $10,420

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Invesco S&P Ultra Dividend Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with RDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RDIV Expense: 39 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RDIV
Ticker Fund
Name
Overlap1
vs RDIV
(%)
Expense
ratio
(bp)
Savings
vs RDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RDIV
(%)
DVY iShares Select Dividend ETF 34.0 39 0 8.0 -0.7
GBDV Global Beta Smart Income ETF 33.3 29 10 8.3 -0.5
SPYD SPDR S&P 500 High Dividend ETF 33.1 7 32 9.2 +0.4
WBIY WBI Power Factor High Dividend ETF 32.5 70 -31 8.4 -0.4
PEY Invesco High Yield Equity Dividend Achievers ETF 25.0 52 -13 8.1 -0.6
SDOG ALPS Sector Dividend Dogs ETF 23.5 40 -1 8.7 -0.1
SPDV AAM S&P 500 High Dividend Value ETF 23.4 29 10 8.4 -0.3
FDL First Trust Morningstar Dividend Leaders Index Fund 23.4 45 -6 9.1 +0.4
RYE Invesco S&P 500 Equal Weight Energy ETF 22.4 40 -1 3.2 -5.5
RPV Invesco S&P 500 Pure Value ETF 21.9 35 4 9.9 +1.1
JHME John Hancock Multifactor Energy ETF 21.0 40 -1 3.3 -5.4
DHS WisdomTree U.S. High Dividend Fund 20.0 38 1 8.4 -0.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 19.5 30 9 8.1 -0.7
ALTL Pacer Lunt Large Cap Alternator ETF 18.7 60 -21 5.5 -3.2
SPHB Invesco S&P 500 High Beta ETF 18.6 25 14 5.9 -2.8
XLE Energy Select Sector SPDR Fund 18.4 13 26 3.9 -4.8
IYE iShares U.S. Energy ETF 16.9 42 -3 3.5 -5.3
SPVU Invesco S&P 500 Enhanced Value ETF 16.6 13 26 9.5 +0.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 16.4 35 4 7.6 -1.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 16.4 35 4 7.7 -1.1
FENY Fidelity MSCI Energy Index ETF 16.2 8 31 3.6 -5.2
VDE Vanguard Energy Index Fund 16.2 10 29 3.4 -5.3
ONEY SPDR Russell 1000 Yield Focus ETF 15.7 20 19 7.2 -1.5
RYF Invesco S&P 500 Equal Weight Financials ETF 15.3 40 -1 7.5 -1.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 15.2 65 -26 1.2 -7.5
AUSF Global X Adaptive U.S. Factor ETF 15.0 27 12 8.0 -0.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 14.9 35 4 3.0 -5.8
PY Principal Shareholder Yield Index ETF 14.9 15 24 7.9 -0.9
IEO iShares U.S. Oil & Gas Exploration & Production ETF 14.3 42 -3 3.0 -5.8
CRAK VanEck Vectors Oil Refiners ETF 14.1 60 -21 10.7 +2.0
PXI Invesco DWA Energy Momentum ETF 14.0 60 -21 0.2 -8.5
IAK iShares U.S. Insurance ETF 13.8 42 -3 7.7 -1.0
VLUE iShares MSCI USA Value Factor ETF 13.6 15 24 9.8 +1.0
IGE iShares North American Natural Resources ETF 13.6 46 -7 3.6 -5.1
FXN First Trust Energy AlphaDEX Fund 13.4 65 -26 1.8 -7.0
EQRR ProShares Equities for Rising Rates ETF 13.4 35 4 6.1 -2.6
KBWB Invesco KBW Bank ETF 13.3 35 4 7.7 -1.0
MAGA Point Bridge GOP Stock Tracker ETF 13.1 72 -33 5.3 -3.4
SCHD Schwab U.S. Dividend Equity ETF 13.1 6 33 7.1 -1.6
JKI iShares Morningstar Mid-Cap Value ETF 13.0 30 9 7.6 -1.1
FDVV Fidelity Core Dividend ETF 12.9 29 10 6.1 -2.6
DEW WisdomTree Global High Dividend Fund 12.7 58 -19 8.7 +0.0
PXE Invesco Dynamic Energy Exploration & Production ETF 12.7 63 -24 1.4 -7.3
IEFN iShares Evolved U.S. Financials ETF 12.6 18 21 7.5 -1.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 12.5 38 1 7.6 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.4 75 -36 5.3 -3.4
FOVL iShares Focused Value Factor ETF 12.3 25 14 7.7 -1.1
FXO First Trust Financials AlphaDEX Fund 12.1 63 -24 9.1 +0.4
DIV Global X SuperDividend US ETF 11.7 46 -7 5.3 -3.5
KBE SPDR S&P Bank ETF 11.7 35 4 8.1 -0.7
IXC iShares Global Energy ETF 11.4 46 -7 5.1 -3.6
RNDV US Equity Dividend Select ETF 11.3 50 -11 7.4 -1.4
VYM Vanguard High Dividend Yield Index ETF 11.2 6 33 6.6 -2.1
FUNL CornerCap Fundametrics Large-Cap ETF 10.9 50 -11 7.2 -1.5
FTA First Trust Large Cap Value AlphaDEX Fund 10.9 60 -21 7.4 -1.4
SYLD Cambria Shareholder Yield ETF 10.7 59 -20 7.2 -1.5
VLU SPDR S&P 1500 Value Tilt ETF 10.6 12 27 6.2 -2.6
HDV iShares Core High Dividend ETF 10.5 8 31 6.3 -2.4
VOOV Vanguard S&P 500 Value ETF 10.5 10 29 6.6 -2.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 10.4 29 10 6.1 -2.6
ESGS Columbia Sustainable U.S. Equity Income ETF 10.2 35 4 7.5 -1.3
JVAL JPMorgan U.S. Value Factor ETF 10.1 12 27 7.2 -1.5
VALQ American Century STOXX U.S. Quality Value ETF 10.1 29 10 7.9 -0.9
KIE SPDR S&P Insurance ETF 10.1 35 4 8.1 -0.6
FTXO First Trust Nasdaq Bank ETF 10.0 60 -21 6.6 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 10.0 25 14 5.9 -2.8
LVHD Legg Mason Low Volatility High Dividend ETF 10.0 27 12 7.7 -1.1
QDIV Global X S&P 500 Quality Dividend ETF 9.9 20 19 6.5 -2.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 9.9 29 10 8.2 -0.6
KRE SPDR S&P Regional Banking ETF 9.8 35 4 7.3 -1.4
JHMF John Hancock Multifactor Financials ETF 9.5 40 -1 6.4 -2.4
JDIV JPMorgan U.S. Dividend ETF 9.5 12 27 6.7 -2.0
XLF Financial Select Sector SPDR Fund 9.5 13 26 6.7 -2.0
IAT iShares U.S. Regional Banks ETF 9.5 42 -3 7.8 -1.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 9.5 7 32 6.3 -2.4
JKL iShares Morningstar Small Cap Value ETF 9.3 30 9 7.6 -1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.3 59 -20 10.0 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 9.3 25 14 5.8 -2.9
JKF iShares Morningstar Large Cap Value ETF 9.2 25 14 6.6 -2.2
VOE Vanguard Mid-Cap Value Index Fund 9.1 7 32 6.6 -2.1
DBLV AdvisorShares DoubleLine Value Equity ETF 9.1 91 -52 5.4 -3.3
RDVY First Trust Rising Dividend Achievers ETF 8.9 50 -11 6.4 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 8.9 39 0 5.8 -2.9
FNCL Fidelity MSCI Financials Index ETF 8.8 8 31 7.1 -1.6
VFVA Vanguard U.S. Value Factor ETF 8.7 14 25 8.5 -0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 8.7 25 14 5.7 -3.0
SDY SPDR S&P Dividend ETF 8.6 35 4 6.4 -2.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 8.6 37 2 5.4 -3.4
DON WisdomTree U.S. MidCap Dividend Fund 8.6 38 1 6.7 -2.0
FDRR Fidelity Dividend ETF for Rising Rates 8.5 29 10 6.0 -2.7
VFH Vanguard Financials Index Fund 8.4 10 29 7.1 -1.6
DTD WisdomTree U.S.Total Dividend Fund 8.3 28 11 6.3 -2.5
VTV Vanguard Value Index Fund 8.3 4 35 6.5 -2.2
RWL Invesco S&P 500 Revenue ETF 8.2 39 0 6.3 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 8.2 71 -32 7.5 -1.2
IUSV iShares Core S&P U.S. Value ETF 8.2 4 35 6.4 -2.3
SPYV SPDR Portfolio S&P 500 Value ETF 8.2 4 35 6.4 -2.3

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 Ultra Dividend Revenue ETF
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 9.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.