Invesco S&P Ultra Dividend Revenue ETF
ALTAR
Score™
11.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.2x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
5.9%


  • 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) $625
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 49
Wgt avg mkt cap (mns) $54,677
Large cap (>$10bn) 80.9%
Mid cap ($2-10bn) 16.1%
Small cap (<$2bn) 2.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARATHON PETROLEUM 7.4 %
DOW, INC. 6.1 %
PRUDENTIAL FINANCIAL INC 6.0 %
LYONDELLBASELL INDU-CL A 5.5 %
VALERO ENERGY CORP 5.1 %
INTL BUSINESS MACHINES CORP 5.1 %
AT&T INC 5.0 %
ABBVIE INC 4.9 %
EXXON MOBIL CORP 4.8 %
WELLS FARGO & CO 4.5 %
Total 54.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
BRITAIN 5.5 %
IRELAND 1.2 %








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.
-28.6% -22.9% 2.8% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 1.30 79%
MSCI EAFE 1.40 78%
MSCI Emg. Mkts. 0.97 61%

Technical Indicators
Recent close $28.02
30d moving avg. $27.74
Annualized volatility 25.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 133
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $8,689

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 11.0%


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
(%)
WBIY WBI Power Factor High Dividend ETF 48.5 70 -31 10.9 -0.0
SPYD SPDR S&P 500 High Dividend ETF 37.6 7 32 10.5 -0.5
SPDV AAM S&P 500 High Dividend Value ETF 31.9 29 10 10.6 -0.4
DVY iShares Select Dividend ETF 30.6 39 0 9.4 -1.6
GBDV Global Beta Smart Income ETF 28.8 29 10 8.5 -2.5
DHS WisdomTree U.S. High Dividend Fund 28.0 38 1 8.5 -2.5
SDOG ALPS Sector Dividend Dogs ETF 27.8 40 -1 10.1 -0.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 25.8 30 9 9.7 -1.3
FDL First Trust Morningstar Dividend Leaders Index Fund 25.4 45 -6 10.0 -1.0
PEY Invesco High Yield Equity Dividend Achievers ETF 23.6 53 -14 9.7 -1.3
SPVU Invesco S&P 500 Enhanced Value ETF 22.9 13 26 11.4 +0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 21.7 38 1 7.7 -3.2
JHME John Hancock Multifactor Energy ETF 20.1 40 -1 3.8 -7.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 18.5 35 4 8.4 -2.6
RYE Invesco S&P 500 Equal Weight Energy ETF 17.7 40 -1 3.7 -7.3
DEW WisdomTree Global High Dividend Fund 17.4 58 -19 9.2 -1.8
PY Principal Shareholder Yield Index ETF 16.5 29 10 9.0 -2.0
XLE Energy Select Sector SPDR Fund 16.3 13 26 4.6 -6.4
DJD Invesco Dow Jones Industrial Average Dividend ETF 16.1 7 32 6.8 -4.2
VLUE iShares Edge MSCI USA Value Factor ETF 16.1 15 24 11.4 +0.4
RPV Invesco S&P 500 Pure Value ETF 16.1 35 4 10.9 -0.1
PWV Invesco Dynamic Large Cap Value ETF 15.9 55 -16 8.7 -2.3
GCOW Pacer Global High Dividend ETF 14.9 60 -21 10.4 -0.6
FDVV Fidelity Core Dividend ETF 14.6 29 10 7.0 -4.0
ONEY SPDR Russell 1000 Yield Focus ETF 14.5 20 19 9.0 -2.0
VALQ American Century STOXX U.S. Quality Value ETF 14.5 29 10 8.8 -2.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 14.5 35 4 8.4 -2.6
IYE iShares U.S. Energy ETF 14.5 42 -3 4.1 -6.9
SCHD Schwab U.S. Dividend Equity ETF 14.4 6 33 7.9 -3.1
EQRR ProShares Equities for Rising Rates ETF 14.3 35 4 6.8 -4.2
FENY Fidelity MSCI Energy Index ETF 14.3 8 31 4.3 -6.7
VDE Vanguard Energy Index Fund 14.1 10 29 3.9 -7.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 14.0 49 -10 9.0 -2.0
DIV Global X SuperDividend US ETF 14.0 46 -7 6.7 -4.3
ALTL Pacer Lunt Large Cap Alternator ETF 14.0 60 -21 9.0 -2.0
SPHB Invesco S&P 500 High Beta ETF 14.0 25 14 9.1 -1.9
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.7 29 10 7.0 -4.0
DLN WisdomTree U.S. LargeCap Dividend Fund 13.5 28 11 6.3 -4.7
PXI Invesco DWA Energy Momentum ETF 13.5 60 -21 0.5 -10.5
IGE iShares North American Natural Resources ETF 13.2 46 -7 4.0 -7.0
DTD WisdomTree U.S.Total Dividend Fund 12.9 28 11 6.5 -4.5
RNDV US Equity Dividend Select ETF 12.8 50 -11 8.0 -3.0
JKI iShares Morningstar Mid-Cap Value ETF 12.8 30 9 8.9 -2.1
JKF iShares Morningstar Large Cap Value ETF 12.7 25 14 7.5 -3.5
CRAK VanEck Vectors Oil Refiners ETF 12.4 60 -21 12.5 +1.5
VYM Vanguard High Dividend Yield Index ETF 12.3 6 33 7.3 -3.7
FOVL iShares Focused Value Factor ETF 12.1 25 14 10.1 -0.9
VLU SPDR S&P 1500 Value Tilt ETF 12.0 12 27 7.2 -3.8
RTM Invesco S&P 500 Equal Weight Materials ETF 11.8 40 -1 5.9 -5.1
COWZ Pacer US Cash Cows 100 ETF 11.7 49 -10 10.4 -0.6
JDIV JPMorgan U.S. Dividend ETF 11.6 12 27 7.7 -3.3
FTA First Trust Large Cap Value AlphaDEX Fund 11.5 60 -21 9.2 -1.8
ESGS Columbia Sustainable U.S. Equity Income ETF 11.5 35 4 8.3 -2.7
USDY Pacific Global US Equity Income ETF 11.3 29 10 7.1 -3.9
QDIV Global X S&P 500 Quality Dividend ETF 11.3 20 19 7.5 -3.5
LVHD Legg Mason Low Volatility High Dividend ETF 11.2 27 12 8.7 -2.2
QDF FlexShares Quality Dividend Index Fund 11.0 37 2 6.0 -5.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 11.0 75 -36 5.3 -5.7
QDEF FlexShares Quality Dividend Defensive Index Fund 11.0 37 2 5.7 -5.3
SLT Salt TruBeta High Exposure ETF 11.0 29 10 9.0 -2.0
IXC iShares Global Energy ETF 10.9 46 -7 6.0 -5.0
FTXN First Trust Nasdaq Oil & Gas ETF 10.9 60 -21 3.2 -7.8
MGV Vanguard Mega Cap Value ETF 10.8 7 32 7.2 -3.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.8 37 2 6.0 -5.0
JHMA John Hancock Multifactor Materials ETF 10.7 40 -1 6.5 -4.5
OUSA O'Shares FTSE US Quality Dividend ETF 10.7 48 -9 5.5 -5.4
HDV iShares Core High Dividend ETF 10.7 8 31 6.7 -4.3
FXN First Trust Energy AlphaDEX Fund 10.6 65 -26 2.6 -8.4
MAGA Point Bridge GOP Stock Tracker ETF 10.5 72 -33 6.3 -4.7
IEO iShares U.S. Oil & Gas Exploration & Production ETF 10.5 42 -3 3.5 -7.5
FDRR Fidelity Dividend ETF for Rising Rates 10.4 29 10 6.8 -4.2
RYF Invesco S&P 500 Equal Weight Financials ETF 10.4 40 -1 9.6 -1.4
XOP SPDR S&P Oil & Gas Exploration & Production ETF 10.4 35 4 3.4 -7.6
SCHV Schwab U.S. Large-Cap Value ETF 10.3 4 35 7.1 -3.9
WLDR Affinity World Leaders Equity ETF 10.1 47 -8 9.6 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 10.1 25 14 6.4 -4.6
PXE Invesco Dynamic Energy Exploration & Production ETF 9.9 63 -24 0.9 -10.1
NULV Nuveen ESG Large-Cap Value ETF 9.9 35 4 7.2 -3.8
FMK First Trust Mega Cap AlphaDEX Fund 9.9 70 -31 4.7 -6.3
FVAL Fidelity Value Factor ETF 9.9 29 10 7.7 -3.3
VTV Vanguard Value Index Fund 9.8 4 35 7.3 -3.7
PRF Invesco FTSE RAFI US 1000 ETF 9.8 39 0 6.6 -4.4
SPYV SPDR Portfolio S&P 500 Value ETF 9.7 4 35 7.3 -3.7
IVE iShares S&P 500 Value ETF 9.7 18 21 7.1 -3.9
VOOV Vanguard S&P 500 Value ETF 9.7 15 24 7.1 -3.8
JVAL JPMorgan U.S. Value Factor ETF 9.6 12 27 8.5 -2.5
XLB Materials Select Sector SPDR Fund 9.6 13 26 5.6 -5.4
EDOW First Trust Dow 30 Equal Weight ETF 9.5 50 -11 5.8 -5.2
IUSV iShares Core S&P U.S. Value ETF 9.5 4 35 7.3 -3.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 9.4 25 14 6.2 -4.7
FXO First Trust Financials AlphaDEX Fund 9.4 63 -24 12.3 +1.3
RWL Invesco S&P 500 Revenue ETF 9.3 39 0 7.0 -4.0
KBWB Invesco KBW Bank ETF 9.1 35 4 10.3 -0.7
VFVA Vanguard U.S. Value Factor ETF 9.0 14 25 11.0 -0.0
RAFE PIMCO RAFI ESG U.S. ETF 8.8 29 10 7.5 -3.5
IEFN iShares Evolved U.S. Financials ETF 8.8 18 21 9.2 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 8.8 25 14 6.2 -4.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 8.8 52 -13 4.8 -6.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 8.7 29 10 9.4 -1.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.6 59 -20 11.2 +0.2

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 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 11.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 11.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.