Invesco S&P 500 Equal Weight Industrials ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
102.0x P/Sales
ratio
1.7x
P/BV
ratio
3.7x Div.
yield
1.5%


  • 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 01, 2006
Assets (mns) $307
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 73
Wgt avg mkt cap (mns) $30,923
Large cap (>$10bn) 82.2%
Mid cap ($2-10bn) 17.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED PARCEL SERVICE-CL B 1.8 %
FORTUNE BRANDS HOME & SECURI 1.7 %
CARRIER GLOBAL CORP. 1.6 %
ROLLINS INC 1.6 %
FEDEX CORP 1.6 %
MASCO CORP 1.6 %
INGERSOLL-RAND PLC 1.6 %
C.H. ROBINSON WORLDWIDE INC 1.5 %
KANSAS CITY SOUTHERN 1.5 %
FASTENAL CO 1.5 %
Total 16.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
IRELAND 5.7 %
BRITAIN 3.0 %








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.
-6.2% 1.3% 9.4% 12.2% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.25 92%
MSCI EAFE 1.29 84%
MSCI Emg. Mkts. 0.92 69%

Technical Indicators
Recent close $130.52
30d moving avg. $123.38
Annualized volatility 22.3%
Short interest (ETF) 0.3%
Short interest (Underlying) 4.4%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 51
Turnover 2.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $23,040

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 5.1%


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 65.5 13 27 5.5 +0.4
JHMI John Hancock Multifactor Industrials ETF 60.1 40 0 5.6 +0.5
VIS Vanguard Industrials Index Fund 56.1 10 30 5.5 +0.4
FIDU Fidelity MSCI Industrials Index ETF 55.8 8 32 5.6 +0.5
IYJ iShares U.S. Industrials ETF 45.1 42 -2 5.6 +0.4
EXI iShares Global Industrials ETF 43.7 46 -6 5.9 +0.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 33.4 63 -23 6.2 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.4 25 15 5.7 +0.6
MAGA Point Bridge GOP Stock Tracker ETF 24.4 72 -32 6.3 +1.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 22.4 35 5 6.0 +0.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 22.4 75 -35 5.6 +0.4
FTXR First Trust Nasdaq Transportation ETF 20.3 60 -20 5.7 +0.5
XTN SPDR S&P Transportation ETF 20.3 35 5 4.8 -0.4
BIBL Inspire ETF 19.7 35 5 4.6 -0.5
PAVE Global X U.S. Infrastructure Development ETF 19.6 47 -7 5.4 +0.3
IYT iShares Transportation Average ETF 18.6 42 -2 4.6 -0.6
PRN Invesco DWA Industrials Momentum ETF 18.0 60 -20 2.8 -2.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 17.4 43 -3 4.3 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 16.9 39 1 5.9 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.6 28 12 6.3 +1.2
SPLV Invesco S&P 500 Low Volatility ETF 16.3 25 15 5.5 +0.4
PPA Invesco Aerospace & Defense ETF 16.3 59 -19 5.9 +0.8
KLCD KFA Large Cap Quality Dividend Index ETF 16.0 41 -1 5.1 -0.1
DFND Reality Shares DIVCON Dividend Defender ETF 15.8 144 -104 3.3 -1.9
QDIV Global X S&P 500 Quality Dividend ETF 15.5 20 20 7.5 +2.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.3 17 23 6.3 +1.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.1 29 11 7.8 +2.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.8 30 10 5.5 +0.4
JKG iShares Morningstar Mid-Cap ETF 14.8 25 15 5.3 +0.1
VSDA VictoryShares Dividend Accelerator ETF 14.7 35 5 4.8 -0.4
RSP Invesco S&P 500 Equal Weight ETF 14.6 20 20 6.5 +1.3
SPGP Invesco S&P 500 GARP ETF 14.0 35 5 6.9 +1.7
LSAF LeaderShares AlphaFactor US Core Equity ETF 13.9 75 -35 5.7 +0.6
XKFF SPDR Kensho Final Frontiers ETF 13.7 45 -5 6.1 +1.0
ITA iShares U.S. Aerospace & Defense ETF 13.6 42 -2 6.4 +1.2
XAR SPDR S&P Aerospace & Defense ETF 13.6 35 5 5.4 +0.3
USDY Pacific Global US Equity Income ETF 13.5 29 11 7.1 +2.0
SDY SPDR S&P Dividend ETF 13.4 35 5 6.9 +1.7
VIG Vanguard Dividend Appreciation Index Fund 13.3 6 34 5.2 +0.1
PSET Principal Price Setters Index ETF 13.1 29 11 4.6 -0.6
RPG Invesco S&P 500 Pure Growth ETF 13.1 35 5 4.3 -0.9
PFM Invesco Dividend Achievers ETF 12.9 54 -14 5.3 +0.1
SPVM Invesco S&P 500 Value with Momentum ETF 12.6 39 1 8.8 +3.7
FTA First Trust Large Cap Value AlphaDEX Fund 12.2 60 -20 9.2 +4.0
FITE SPDR Kensho Future Security ETF 12.2 45 -5 3.8 -1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 12.1 20 20 7.4 +2.2
IWS iShares Russell Mid-Cap Value ETF 12.1 24 16 7.0 +1.8
VOT Vanguard Mid-Cap Growth Index Fund 12.0 7 33 3.1 -2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 12.0 4 36 5.4 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 12.0 9 31 5.8 +0.7
FLQL Franklin LibertyQ U.S. Equity ETF 11.9 15 25 6.0 +0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 11.9 25 15 6.0 +0.9
FVD First Trust Value Line Dividend Index Fund 11.8 70 -30 6.2 +1.1
JKF iShares Morningstar Large Cap Value ETF 11.6 25 15 7.5 +2.4
FVL First Trust Value Line 100 Exchange-Traded Fund 11.6 70 -30 4.5 -0.6
NULV Nuveen ESG Large-Cap Value ETF 11.5 35 5 7.2 +2.0
REVS Columbia Research Enhanced Value ETF 11.4 19 21 7.3 +2.1
EUSA iShares MSCI USA Equal Weighted ETF 11.4 15 25 6.0 +0.9
SIZE iShares Edge MSCI USA Size Factor ETF 11.3 15 25 6.1 +0.9
JKI iShares Morningstar Mid-Cap Value ETF 11.3 30 10 8.9 +3.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.3 35 5 5.6 +0.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 11.2 70 -30 4.6 -0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.2 20 20 6.8 +1.6
SCHV Schwab U.S. Large-Cap Value ETF 11.0 4 36 7.1 +1.9
FTCS First Trust Capital Strength ETF 11.0 58 -18 4.6 -0.6
RNDV US Equity Dividend Select ETF 10.9 50 -10 8.0 +2.8
ESGS Columbia Sustainable U.S. Equity Income ETF 10.9 35 5 8.3 +3.2
LGLV SPDR Russell 1000 Low Volatility ETF 10.9 12 28 5.5 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 10.8 27 13 5.4 +0.3
RWL Invesco S&P 500 Revenue ETF 10.8 39 1 7.0 +1.9
MGV Vanguard Mega Cap Value ETF 10.8 7 33 7.2 +2.0
VO Vanguard Mid-Cap Index Fund 10.7 4 36 5.1 -0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 10.7 17 23 6.2 +1.0
VONV Vanguard Russell 1000 Value Index Fund 10.7 8 32 6.9 +1.8
IWD iShares Russell 1000 Value ETF 10.7 19 21 6.8 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 10.6 60 -20 5.8 +0.7
VTV Vanguard Value Index Fund 10.6 4 36 7.3 +2.1
XHB SPDR S&P Homebuilders ETF 10.6 35 5 7.1 +2.0
DEF Invesco Defensive Equity ETF 10.5 55 -15 4.9 -0.2
RNLC Large Cap US Equity Select ETF 10.5 60 -20 6.1 +0.9
IWR iShares Russell Midcap ETF 10.5 19 21 5.5 +0.3
IUS Invesco Strategic US ETF 10.3 19 21 6.3 +1.2
DGRO iShares Core Dividend Growth ETF 10.3 8 32 6.5 +1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 10.2 20 20 6.2 +1.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 10.2 45 -5 5.6 +0.4
JKH iShares Morningstar Mid-Cap Growth ETF 10.1 30 10 2.1 -3.0
VETS Pacer Military Times Best Employers ETF 10.1 60 -20 6.8 +1.7
OUSA O'Shares FTSE US Quality Dividend ETF 10.0 48 -8 5.5 +0.4
LVUS Hartford Multifactor Low Volatility US Equity ETF 10.0 19 21 6.0 +0.9
RBUS Nationwide Risk-Based U.S. Equity ETF 10.0 30 10 4.6 -0.6
IWX iShares Russell Top 200 Value ETF 9.9 20 20 6.7 +1.6
NUMG Nuveen ESG Mid-Cap Growth ETF 9.9 40 0 2.2 -2.9
PEXL Pacer US Export Leaders ETF 9.9 60 -20 5.6 +0.5
EQRR ProShares Equities for Rising Rates ETF 9.8 35 5 6.8 +1.7
TMDV ProShares Russell US Dividend Growers ETF 9.8 35 5 5.5 +0.4
NULC Nuveen ESG Large-Cap ETF 9.7 20 20 4.8 -0.3
JHML John Hancock Multifactor Large Cap ETF 9.7 29 11 5.4 +0.2
NUMV Nuveen ESG Mid-Cap Value ETF 9.7 40 0 7.4 +2.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 9.6 25 15 7.5 +2.4

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 18.9 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.