Invesco S&P 500 Pure Growth ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
17.6x P/Sales
ratio
2.4x
P/BV
ratio
3.9x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 Pure Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P 500/Citigroup Pure Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 07, 2006
Assets (mns) $1,801
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 105
Wgt avg mkt cap (mns) $104,512
Large cap (>$10bn) 91.0%
Mid cap ($2-10bn) 9.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SERVICENOW INC 2.3 %
MSCI INC-A 1.8 %
VERTEX PHARMACEUTICALS INC 1.8 %
FORTINET INC 1.8 %
LAM RESEARCH CORP 1.7 %
PAYCOM SOFTWARE INC 1.7 %
FACEBOOK 1.7 %
MICRON TECHNOLOGY INC 1.6 %
INCYTE CORP 1.6 %
ADOBE SYSTEMS INC 1.6 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
SWITZERLAND 0.6 %
IRELAND 0.5 %








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.
-20.8% -12.6% 4.5% 11.3% 8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.08 92%
MSCI EAFE 1.00 76%
MSCI Emg. Mkts. 0.76 64%

Technical Indicators
Recent close $95.29
30d moving avg. $108.83
Annualized volatility 17.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.1%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 213
Turnover 1.1%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $146,498

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P 500 Pure Growth ETF ETF based on the alternatives' overlap in portfolio holdings with RPG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RPG Expense: 35 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RPG
Ticker Fund
Name
Overlap1
vs RPG
(%)
Expense
ratio
(bp)
Savings
vs RPG
(bp)
ALTAR
Score™
(%)
ALTAR
vs RPG
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 43.6 61 -26 4.5 -2.1
RYT Invesco S&P 500 Equal Weight Technology ETF 36.9 40 -5 8.4 +1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 36.2 4 31 5.9 -0.7
VOOG Vanguard S&P 500 Growth ETF 36.1 10 25 5.8 -0.8
IVW iShares S&P 500 Growth ETF 36.1 18 17 5.8 -0.8
JKE iShares Morningstar Large-Cap Growth ETF 36.0 25 10 4.8 -1.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 35.6 60 -25 5.7 -0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 35.6 35 0 5.9 -0.6
IUSG iShares Core S&P US Growth ETF 34.9 4 31 5.9 -0.7
QGRO American Century STOXX U.S. Quality Growth ETF 34.7 29 6 4.6 -2.0
VUG Vanguard Growth Index Fund 33.3 4 31 5.6 -0.9
JMOM JPMorgan U.S. Momentum Factor ETF 33.0 12 23 5.3 -1.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 32.8 60 -25 9.2 +2.6
FDMO Fidelity Momentum Factor ETF 32.3 29 6 5.6 -1.0
MGK Vanguard Mega Cap Growth ETF 30.9 7 28 5.7 -0.8
PWB Invesco Dynamic Large Cap Growth ETF 30.7 55 -20 4.8 -1.8
SCHG Schwab U.S. Large-Cap Growth ETF 30.5 4 31 5.7 -0.8
IWF iShares Russell 1000 Growth ETF 30.5 19 16 5.8 -0.8
PSET Principal Price Setters Index ETF 30.5 29 6 7.1 +0.6
VONG Vanguard Russell 1000 Growth Index Fund 30.4 8 27 5.9 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.2 15 20 7.1 +0.5
PDP Invesco DWA Momentum ETF 29.7 62 -27 4.5 -2.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 28.6 15 20 5.8 -0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.0 75 -40 5.1 -1.5
FXL First Trust Technology AlphaDEX Fund 27.7 61 -26 5.5 -1.1
IWY iShares Russell Top 200 Growth ETF 27.5 20 15 5.7 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.3 12 23 6.9 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 27.1 29 6 5.8 -0.8
VOT Vanguard Mid-Cap Growth Index Fund 26.8 7 28 5.1 -1.5
IGM iShares North American Tech ETF 26.7 46 -11 5.4 -1.2
QYLD Global X NASDAQ 100 Covered Call ETF 26.6 60 -25 4.9 -1.6
NUSI Nationwide Risk-Managed Income ETF 26.1 68 -33 4.8 -1.8
JQUA JPMorgan U.S. Quality Factor ETF 26.0 12 23 6.8 +0.2
QQQ Invesco QQQ Trust 26.0 20 15 5.5 -1.1
HSPX Global X S&P 500 Covered Call ETF 26.0 65 -30 6.4 -0.2
TECB iShares US Tech Breakthrough Multisector ETF 25.9 40 -5 5.5 -1.1
JHMT John Hancock Multifactor Technology ETF 25.8 40 -5 6.9 +0.3
PBP Invesco S&P 500 BuyWrite ETF 25.7 49 -14 6.7 +0.1
VEGN US Vegan Climate ETF 25.7 60 -25 7.2 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.7 60 -25 6.1 -0.5
FEX First Trust Large Cap Core AlphaDEX Fund 25.6 60 -25 8.2 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 25.6 27 8 6.9 +0.4
IETC iShares Evolved U.S. Technology ETF 25.5 18 17 5.5 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.5 9 26 7.4 +0.8
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 25.4 49 -14 11.4 +4.8
SPXN ProShares S&P 500 Ex-Financials ETF 25.2 27 8 6.8 +0.2
SPHB Invesco S&P 500 High Beta ETF 25.2 25 10 11.7 +5.1
NULG Nuveen ESG Large-Cap Growth ETF 24.9 35 0 4.8 -1.7
IWP iShares Russell Mid-Cap Growth ETF 24.9 24 11 6.1 -0.5
SFY SoFi Select 500 ETF 24.8 0 35 6.8 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 24.7 27 8 7.1 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 24.7 29 6 7.1 +0.6
SPY SPDR S&P 500 ETF Trust 24.5 9 26 7.2 +0.6
VOO VANGUARD S&P 500 ETF 24.5 3 32 7.3 +0.7
SPLG SPDR Portfolio Large Cap ETF 24.4 3 32 7.3 +0.7
IVV iShares Core S&P 500 ETF 24.4 4 31 7.3 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.3 20 15 7.2 +0.7
BUL Pacer US Cash Cows Growth ETF 24.2 60 -25 8.1 +1.6
TMFC Motley Fool 100 Index ETF 24.2 50 -15 5.2 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.2 30 5 8.2 +1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.2 66 -31 4.3 -2.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 24.2 57 -22 6.4 -0.1
ADME Aptus Drawdown Managed Equity ETF 23.9 81 -46 5.4 -1.1
VV Vanguard Large-Cap Index Fund 23.9 4 31 7.1 +0.5
TTAC TrimTabs Float Shrink ETF 23.9 59 -24 5.3 -1.3
SPGP Invesco S&P 500 GARP ETF 23.7 35 0 10.9 +4.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.7 2 33 7.2 +0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.4 49 -14 5.6 -1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.4 21 14 4.4 -2.2
SPYB SPDR S&P 500 Buyback ETF 23.4 35 0 11.7 +5.2
PBUS Invesco PureBeta MSCI USA ETF 23.4 4 31 7.4 +0.8
PEXL Pacer US Export Leaders ETF 23.3 60 -25 9.1 +2.5
SCHX Schwab U.S. Large-Cap ETF 23.2 3 32 7.2 +0.6
IQSU IQ Candriam ESG US Equity ETF 23.1 9 26 6.9 +0.3
SPTM SPDR Portfolio Total Stock Market ETF 23.1 3 32 7.4 +0.9
ESGV Vanguard ESG U.S. Stock ETF 23.0 12 23 7.1 +0.5
MGC Vanguard Mega Cap Index Fund 23.0 7 28 7.0 +0.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 23.0 65 -30 4.5 -2.1
VONE Vanguard Russell 1000 ETF 22.9 8 27 7.2 +0.6
XLK Technology Select Sector SPDR Fund 22.8 13 22 6.4 -0.1
IWB iShares Russell 1000 ETF 22.8 15 20 7.1 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.7 20 15 6.8 +0.2
SCHK Schwab 1000 Index ETF 22.7 5 30 7.2 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 22.6 15 20 6.8 +0.3
RSP Invesco S&P 500 Equal Weight ETF 22.5 20 15 8.9 +2.3
IYY iShares Dow Jones U.S. ETF 22.5 20 15 7.1 +0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 22.3 45 -10 6.8 +0.2
XNTK SPDR Morgan Stanley Technology ETF 22.3 35 0 5.5 -1.1
IWL iShares Russell Top 200 ETF 22.2 15 20 6.8 +0.2
JHML John Hancock Multifactor Large Cap ETF 22.2 34 1 7.6 +1.1
JKH iShares Morningstar Mid-Cap Growth ETF 22.0 30 5 3.6 -2.9
AFLG First Trust Active Factor Large Cap ETF 21.9 55 -20 7.8 +1.2
SCHB Schwab U.S. Broad Market ETF 21.9 3 32 7.2 +0.6
VTHR Vanguard Russell 3000 Index Fund 21.8 10 25 7.1 +0.5
VTI Vanguard Total Stock Market Index Fund 21.8 3 32 7.1 +0.5
ETHO Etho Climate Leadership U.S. ETF 21.8 47 -12 6.8 +0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.8 3 32 7.1 +0.5
IWV iShares Russell 3000 ETF 21.8 20 15 7.0 +0.4
FTEC Fidelity MSCI Information Technology Index ETF 21.7 8 27 6.4 -0.2
VGT Vanguard Information Technology Index Fund 21.7 10 25 6.3 -0.3

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 500 Pure Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.7 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.