Invesco S&P Equal Weight Industrials
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.1x P/Sales
ratio
1.6x
P/BV
ratio
3.8x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Industrial 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 Industrial Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 07, 2006
Assets (mns) $215
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 69
Wgt avg mkt cap (mns) $35,444
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAL ELECTRIC CO 1.7 %
ROCKWELL AUTOMATION INC 1.7 %
UNITED RENTALS INC 1.7 %
HUNTINGTON INGALLS INDUSTRIE 1.6 %
ALLEGION PLC 1.6 %
FORTUNE BRANDS HOME & SECURI 1.6 %
KANSAS CITY SOUTHERN 1.6 %
PENTAIR PLC 1.6 %
ARCONIC INC. 1.6 %
EMERSON ELECTRIC CO 1.6 %
Total 16.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.6 %
IRELAND 5.8 %
BRITAIN 3.1 %








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.
26.8% 17.8% 9.6% 14.2% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.31 85%
MSCI EAFE 1.10 51%
MSCI Emg. Mkts. 0.75 38%

Technical Indicators
Recent close $134.35
30d moving avg. $130.50
Annualized volatility 17.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.4%
Relative strength (RSI) 84

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $12,632

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco S&P Equal Weight Industrials ETF based on the alternatives' overlap in portfolio holdings with RGI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RGI Expense: 40 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RGI
Ticker Fund
Name
Overlap1
vs RGI
(%)
Expense
ratio
(bp)
Savings
vs RGI
(bp)
ALTAR
Score™
(%)
ALTAR
vs RGI
(%)
XLI Industrials Select Sector SPDR 62.6 13 27 6.1 -0.5
JHMI John Hancock Multifactor Industrials 59.4 40 0 6.6 0.0
VIS Vanguard Industrials 55.1 10 30 6.3 -0.3
FIDU Fidelity Industrials 53.3 8 32 5.9 -0.7
IYJ iShares DJ US Industrials 44.9 42 -2 5.4 -1.3
EXI iShares Global Industrials 42.9 46 -6 6.1 -0.5
FXR First Trust Industrials/Producer Durables 42.3 62 -22 6.9 +0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 24.5 60 -20 6.7 +0.0
MAGA Point Bridge GOP Stock Tracker 23.4 72 -32 6.5 -0.1
PAVE Global X U.S. Infrastructure Development 22.5 47 -7 5.8 -0.8
BIBL Inspire 100 22.3 35 5 5.6 -1.0
IYT iShares Transportation Average 19.4 42 -2 8.7 +2.1
XTN SPDR S&P Transportation 19.4 35 5 8.3 +1.7
DSTL Distillate US Fundamental Stability & Value 19.2 39 1 7.2 +0.6
NOBL ProShares S&P500 Aristocrats 19.1 35 5 5.8 -0.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income 19.1 75 -35 5.4 -1.2
FTXR First Trust Nasdaq Transportation 19.0 60 -20 10.2 +3.6
VIG Vanguard Dividend Appreciation 18.2 6 34 5.4 -1.2
TPHD Timothy Plan High Dividend Stock 18.1 52 -12 6.7 +0.1
XLTY Cushing Transportation & MLP 18.0 65 -25 7.8 +1.2

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

  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 Industrials
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 23.2 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.