Invesco S&P 500 Equal Weight Industrials ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.2x
P/BV
ratio
2.7x Div.
yield
2.2%


  • 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) $142
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 71
Wgt avg mkt cap (mns) $26,912
Large cap (>$10bn) 76.8%
Mid cap ($2-10bn) 23.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROLLINS INC 2.1 %
OLD DOMINION FREIGHT LINE 2.0 %
VERISK ANALYTICS INC-CLASS A 1.8 %
HARRIS CORP 1.7 %
ROPER INDUSTRIES INC 1.7 %
JACOBS ENGINEERING GROUP INC 1.7 %
NORTHROP GRUMMAN CORP 1.7 %
LOCKHEED MARTIN CORP 1.7 %
EXPEDITORS INTL WASH INC 1.7 %
C.H. ROBINSON WORLDWIDE INC 1.7 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.5 %
IRELAND 5.9 %
BRITAIN 2.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-27.3% -17.1% 3.2% 9.1% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.31 91%
MSCI EAFE 1.23 78%
MSCI Emg. Mkts. 0.92 65%

Technical Indicators
Recent close $94.93
30d moving avg. $109.94
Annualized volatility 20.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 4.4%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 29
Turnover 1.9%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $27,637

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P 500 Equal Weight Industrials ETF 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™: 8.2%


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 Industrial Select Sector SPDR Fund 64.2 13 27 7.7 -0.4
JHMI John Hancock Multifactor Industrials ETF 61.2 40 0 8.5 +0.4
VIS Vanguard Industrials Index Fund 57.1 10 30 8.0 -0.2
FIDU Fidelity MSCI Industrials Index ETF 55.4 8 32 7.8 -0.3
IYJ iShares U.S. Industrials ETF 45.9 42 -2 7.8 -0.3
EXI iShares Global Industrials ETF 43.3 46 -6 8.4 +0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 41.8 63 -23 9.5 +1.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 24.8 60 -20 9.1 +1.0
MAGA Point Bridge GOP Stock Tracker ETF 24.5 72 -32 9.4 +1.2
PRN Invesco DWA Industrials Momentum ETF 21.5 60 -20 15.1 +6.9
BIBL Inspire ETF 20.9 35 5 6.2 -2.0
FTXR First Trust Nasdaq Transportation ETF 20.7 60 -20 15.2 +7.1
XTN SPDR S&P Transportation ETF 20.7 35 5 10.5 +2.3
PAVE Global X U.S. Infrastructure Development ETF 20.2 47 -7 8.1 -0.1
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 20.0 75 -35 7.0 -1.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 20.0 35 5 7.5 -0.7
GARD Reality Shares DIVCON Dividend Guard ETF 19.0 129 -89 4.7 -3.5
LEAD Reality Shares DIVCON Leaders Dividend ETF 19.0 43 -3 5.7 -2.5
TPHD Timothy Plan High Dividend Stock ETF 19.0 52 -12 9.4 +1.2
IYT iShares Transportation Average ETF 18.7 42 -2 9.0 +0.8
VIG Vanguard Dividend Appreciation Index Fund 18.2 6 34 6.3 -1.8
KLCD KFA Large Cap Quality Dividend Index ETF 17.6 41 -1 6.6 -1.6
EQRR ProShares Equities for Rising Rates ETF 17.5 35 5 11.7 +3.5
DSTL Distillate US Fundamental Stability & Value ETF 17.3 39 1 7.7 -0.4
DFND Reality Shares DIVCON Dividend Defender ETF 16.8 121 -81 4.8 -3.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.7 28 12 8.2 +0.1
PPA Invesco Aerospace & Defense ETF 16.7 59 -19 7.1 -1.0
PSET Principal Price Setters Index ETF 16.5 29 11 7.1 -1.0
JKD iShares Morningstar Large-Cap ETF 16.0 20 20 7.4 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.9 25 15 7.7 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.6 29 11 10.6 +2.4
QDIV Global X S&P 500 Quality Dividend ETF 14.9 20 20 10.8 +2.6
SPGP Invesco S&P 500 GARP ETF 14.5 35 5 10.7 +2.6
ITA iShares U.S. Aerospace & Defense ETF 14.5 42 -2 8.0 -0.1
XAR SPDR S&P Aerospace & Defense ETF 14.5 35 5 7.0 -1.2
FITE SPDR Kensho Future Security ETF 14.5 45 -5 5.2 -3.0
TPLC Timothy Plan US Large Cap Core ETF 14.4 52 -12 7.3 -0.8
VSDA VictoryShares Dividend Accelerator ETF 14.4 35 5 5.8 -2.4
PY Principal Shareholder Yield Index ETF 14.4 29 11 12.6 +4.5
RSP Invesco S&P 500 Equal Weight ETF 13.8 20 20 8.8 +0.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 13.5 70 -30 6.6 -1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.4 20 20 10.4 +2.3
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 13.3 49 -9 11.2 +3.0
JKG iShares Morningstar Mid-Cap ETF 13.3 25 15 8.2 0.0
IFLY ETFMG Drone Economy Strategy ETF 13.3 75 -35 1.5 -6.6
SPHB Invesco S&P 500 High Beta ETF 13.2 25 15 11.4 +3.3
RPG Invesco S&P 500 Pure Growth ETF 13.1 35 5 6.5 -1.7
USDY Pacific Global US Equity Income ETF 13.0 29 11 10.5 +2.4
VOT Vanguard Mid-Cap Growth Index Fund 12.9 7 33 5.0 -3.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 12.8 75 -35 8.9 +0.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 12.8 30 10 8.5 +0.4
SPYB SPDR S&P 500 Buyback ETF 12.7 35 5 11.6 +3.5
PVAL Principal Contrarian Value Index ETF 12.7 29 11 10.6 +2.4
DEF Invesco Defensive Equity ETF 12.7 55 -15 6.4 -1.8
XKFF SPDR Kensho Final Frontiers ETF 12.6 45 -5 6.9 -1.2
PFM Invesco Dividend Achievers ETF 12.5 54 -14 6.4 -1.7
FTCS First Trust Capital Strength ETF 12.2 60 -20 6.1 -2.1
FLQL Franklin LibertyQ U.S. Equity ETF 12.1 15 25 8.0 -0.1
FVD First Trust Value Line Dividend Index Fund 12.0 70 -30 8.0 -0.1
PDP Invesco DWA Momentum ETF 11.9 62 -22 4.4 -3.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 11.8 9 31 8.1 -0.0
EQWL Invesco Russell Top 200 Equal Weight ETF 11.8 25 15 7.5 -0.6
SCHD Schwab U.S. Dividend Equity ETF 11.8 6 34 9.2 +1.0
SDY SPDR S&P Dividend ETF 11.7 35 5 8.2 +0.0
CFA Victory CEMP US 500 Volatility Weighted Index ETF 11.7 35 5 8.1 -0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.5 20 20 9.5 +1.3
FTC First Trust Large Cap Growth AlphaDEX Fund 11.3 61 -21 4.4 -3.8
VETS Pacer Military Times Best Employers ETF 11.2 60 -20 8.5 +0.3
FEX First Trust Large Cap Core AlphaDEX Fund 11.1 60 -20 8.1 -0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 11.1 17 23 8.9 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 11.1 27 13 7.3 -0.8
DGRO iShares Core Dividend Growth ETF 11.0 8 32 8.4 +0.2
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 11.0 50 -10 6.4 -1.8
IWP iShares Russell Mid-Cap Growth ETF 10.8 24 16 6.0 -2.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 10.7 60 -20 5.1 -3.1
EUSA iShares MSCI USA Equal Weighted ETF 10.6 15 25 8.4 +0.3
FTA First Trust Large Cap Value AlphaDEX Fund 10.6 60 -20 12.1 +4.0
CCOR Core Alternative ETF 10.5 123 -83 5.3 -2.9
ONEO SPDR Russell 1000 Momentum Focus ETF 10.5 20 20 9.4 +1.3
RNLC Large Cap US Equity Select ETF 10.5 60 -20 8.2 +0.1
VTV Vanguard Value Index Fund 10.3 4 36 9.1 +1.0
MGV Vanguard Mega Cap Value ETF 10.3 7 33 8.8 +0.6
SCHV Schwab U.S. Large-Cap Value ETF 10.3 4 36 9.0 +0.8
OUSA O'Shares FTSE US Quality Dividend ETF 10.2 48 -8 7.0 -1.2
RWL Invesco S&P 500 Revenue ETF 10.2 39 1 9.2 +1.1
SIZE iShares Edge MSCI USA Size Factor ETF 10.2 15 25 8.3 +0.1
NUMG Nuveen ESG Mid-Cap Growth ETF 10.1 40 0 4.6 -3.6
QSY WisdomTree U.S. LargeCap Value Fund 10.1 38 2 9.6 +1.4
VO Vanguard Mid-Cap Index Fund 10.0 4 36 7.7 -0.5
ONEY SPDR Russell 1000 Yield Focus ETF 10.0 20 20 12.2 +4.0
SCIU Global X Scientific Beta US ETF 9.8 19 21 7.6 -0.6
KRMA Global X Conscious Companies ETF 9.8 43 -3 7.3 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 9.7 27 13 6.8 -1.4
SPHQ Invesco S&P 500 Quality ETF 9.7 15 25 6.4 -1.8
JHML John Hancock Multifactor Large Cap ETF 9.7 34 6 7.5 -0.7
NULV Nuveen ESG Large-Cap Value ETF 9.7 35 5 9.3 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 9.6 27 13 6.6 -1.5
LGLV SPDR Russell 1000 Low Volatility ETF 9.6 12 28 7.1 -1.1
LVUS Hartford Multifactor Low Volatility US Equity ETF 9.6 19 21 7.6 -0.6
SUSA iShares MSCI USA ESG Select ETF 9.5 25 15 6.2 -1.9

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 500 Equal Weight Industrials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.9 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.51
 
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.