Invesco S&P 500 Pure Value ETF
ALTAR
Score™
11.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
0.5x
P/BV
ratio
0.8x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 Pure Value 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 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 01, 2006
Assets (mns) $575
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 103
Wgt avg mkt cap (mns) $39,773
Large cap (>$10bn) 65.7%
Mid cap ($2-10bn) 34.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 3.1 %
KROGER CO 2.6 %
CENTENE CORP 2.1 %
ARCHER-DANIELS-MIDLAND CO 2.1 %
FORD MOTOR CO 2.0 %
GENERAL MOTORS CO 2.0 %
AMERISOURCEBERGEN CORP 1.9 %
BAKER HUGHES, A GE COMPANY CLASS A 1.9 %
METLIFE INC 1.8 %
MARATHON PETROLEUM 1.8 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BRITAIN 2.0 %
IRELAND 1.0 %
BERMUDA 0.7 %
SWITZERLAND 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.8% -24.4% -0.1% 9.5% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.43 87%
MSCI EAFE 1.52 86%
MSCI Emg. Mkts. 1.10 71%

Technical Indicators
Recent close $48.08
30d moving avg. $49.01
Annualized volatility 25.9%
Short interest (ETF) 1.4%
Short interest (Underlying) 5.3%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 371
Turnover 3.1%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $41,219

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RPV Expense: 35 bp ALTAR Score™: 11.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RPV
Ticker Fund
Name
Overlap1
vs RPV
(%)
Expense
ratio
(bp)
Savings
vs RPV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RPV
(%)
SPVU Invesco S&P 500 Enhanced Value ETF 48.7 13 22 11.4 +0.3
FTA First Trust Large Cap Value AlphaDEX Fund 39.9 60 -25 9.2 -1.9
SPVM Invesco S&P 500 Value with Momentum ETF 37.1 39 -4 9.1 -2.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 33.9 49 -14 9.2 -1.9
SPHB Invesco S&P 500 High Beta ETF 33.4 25 10 9.4 -1.7
VLUE iShares Edge MSCI USA Value Factor ETF 32.2 15 20 11.3 +0.2
RWL Invesco S&P 500 Revenue ETF 32.0 39 -4 7.2 -3.9
RYF Invesco S&P 500 Equal Weight Financials ETF 30.9 40 -5 9.7 -1.4
JKI iShares Morningstar Mid-Cap Value ETF 30.6 30 5 9.2 -1.9
PVAL Principal Contrarian Value Index ETF 30.5 29 6 10.1 -1.0
MAGA Point Bridge GOP Stock Tracker ETF 27.0 72 -37 6.5 -4.6
ESGS Columbia Sustainable U.S. Equity Income ETF 26.9 35 0 8.5 -2.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 26.9 29 6 8.2 -2.9
PMOM Principal Sustainable Momentum Index ETF 26.4 29 6 9.0 -2.1
SLT Salt TruBeta High Exposure ETF 26.2 29 6 9.3 -1.8
IEFN iShares Evolved U.S. Financials ETF 25.2 18 17 9.3 -1.8
FAB First Trust Multi Cap Value AlphaDEX Fund 25.0 71 -36 9.5 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 24.9 12 23 7.4 -3.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 24.6 35 0 8.6 -2.5
ONEY SPDR Russell 1000 Yield Focus ETF 24.5 20 15 9.3 -1.8
VFVA Vanguard U.S. Value Factor ETF 24.2 14 21 11.5 +0.4
SPYB SPDR S&P 500 Buyback ETF 23.7 0 35 0.0 -11.1
VOOV Vanguard S&P 500 Value ETF 23.5 15 20 7.3 -3.8
JHMF John Hancock Multifactor Financials ETF 23.4 40 -5 7.8 -3.3
SPYV SPDR Portfolio S&P 500 Value ETF 23.3 4 31 7.4 -3.7
IVE iShares S&P 500 Value ETF 23.3 18 17 7.3 -3.8
VALQ American Century STOXX U.S. Quality Value ETF 23.2 29 6 9.1 -2.0
SPDV AAM S&P 500 High Dividend Value ETF 22.6 29 6 10.9 -0.2
IUSV iShares Core S&P U.S. Value ETF 22.3 4 31 7.5 -3.6
XLF Financial Select Sector SPDR Fund 22.0 13 22 8.3 -2.8
FEX First Trust Large Cap Core AlphaDEX Fund 21.9 60 -25 6.0 -5.1
VOE Vanguard Mid-Cap Value Index Fund 21.5 7 28 8.0 -3.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 21.4 35 0 8.6 -2.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 21.4 20 15 7.6 -3.5
PY Principal Shareholder Yield Index ETF 21.2 29 6 9.5 -1.6
JVAL JPMorgan U.S. Value Factor ETF 21.2 12 23 8.7 -2.4
VTV Vanguard Value Index Fund 21.0 4 31 7.4 -3.7
AUSF Global X Adaptive U.S. Factor ETF 20.8 27 8 7.9 -3.2
VFH Vanguard Financials Index Fund 20.7 10 25 8.9 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 20.6 29 6 7.8 -3.3
PRF Invesco FTSE RAFI US 1000 ETF 20.5 39 -4 6.8 -4.3
FNCL Fidelity MSCI Financials Index ETF 20.5 8 27 8.9 -2.2
VONV Vanguard Russell 1000 Value Index Fund 20.3 8 27 7.3 -3.8
FXO First Trust Financials AlphaDEX Fund 20.2 63 -28 11.6 +0.5
SYLD Cambria Shareholder Yield ETF 19.8 59 -24 8.9 -2.2
RSP Invesco S&P 500 Equal Weight ETF 19.6 20 15 6.7 -4.4
EQWL Invesco Russell Top 200 Equal Weight ETF 19.5 25 10 6.1 -5.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 19.5 29 6 9.8 -1.3
IUS Invesco Strategic US ETF 19.4 19 16 6.7 -4.4
DVY iShares Select Dividend ETF 19.2 39 -4 9.7 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.2 25 10 6.5 -4.6
FVAL Fidelity Value Factor ETF 19.1 29 6 8.0 -3.1
SDOG ALPS Sector Dividend Dogs ETF 18.9 40 -5 10.3 -0.8
MGV Vanguard Mega Cap Value ETF 18.9 7 28 7.3 -3.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.0 25 10 6.5 -4.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 17.9 38 -3 7.9 -3.2
USDY Pacific Global US Equity Income ETF 17.8 29 6 7.2 -3.9
REVS Columbia Research Enhanced Value ETF 17.8 19 16 7.7 -3.4
IWD iShares Russell 1000 Value ETF 17.6 19 16 7.2 -3.9
PWV Invesco Dynamic Large Cap Value ETF 17.2 55 -20 8.8 -2.3
IYF iShares U.S. Financials ETF 17.2 42 -7 7.1 -4.0
SPYD SPDR S&P 500 High Dividend ETF 16.9 7 28 10.4 -0.7
IWX iShares Russell Top 200 Value ETF 16.9 20 15 7.1 -4.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.6 17 18 6.5 -4.6
TUSA First Trust Total US Market AlphaDEX ETF 16.3 70 -35 5.9 -5.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 16.2 39 -4 11.1 -0.0
RNDV US Equity Dividend Select ETF 16.1 50 -15 7.6 -3.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.1 15 20 6.8 -4.3
KIE SPDR S&P Insurance ETF 15.9 35 0 10.1 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 15.7 4 31 7.2 -3.9
QDIV Global X S&P 500 Quality Dividend ETF 15.6 20 15 7.6 -3.5
EPS WisdomTree U.S. Earnings 500 Fund 15.6 8 27 6.4 -4.7
IXG iShares Global Financials ETF 15.5 46 -11 9.8 -1.3
COWZ Pacer US Cash Cows 100 ETF 15.4 49 -14 10.7 -0.4
SCIU Global X Scientific Beta US ETF 15.1 19 16 5.8 -5.3
DIVB iShares U.S. Dividend & Buyback ETF 15.0 25 10 6.6 -4.5
SYV SPDR MFS Systematic Value Equity ETF 14.8 60 -25 7.4 -3.7
RNLC Large Cap US Equity Select ETF 14.7 60 -25 6.2 -4.9
SIZE iShares Edge MSCI USA Size Factor ETF 14.6 15 20 6.3 -4.8
QSY WisdomTree U.S. LargeCap Value Fund 14.6 38 -3 6.8 -4.3
EUSA iShares MSCI USA Equal Weighted ETF 14.5 15 20 6.3 -4.8
NULV Nuveen ESG Large-Cap Value ETF 14.5 35 0 7.4 -3.7
GBDV Global Beta Smart Income ETF 14.5 29 6 8.8 -2.3
VUSE Vident Core US Equity Fund 14.4 48 -13 8.3 -2.8
IWS iShares Russell Mid-Cap Value ETF 14.3 24 11 7.2 -3.9
IAK iShares U.S. Insurance ETF 14.3 43 -8 9.8 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 14.2 27 8 5.6 -5.5
VYM Vanguard High Dividend Yield Index ETF 14.1 6 29 7.4 -3.7
CVY Invesco Zacks Multi-Asset Income ETF 14.1 97 -62 11.5 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.0 15 20 6.2 -4.9
JKF iShares Morningstar Large Cap Value ETF 14.0 25 10 7.6 -3.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 13.9 30 5 6.5 -4.6
STLV iShares Factors US Value Style ETF 13.8 25 10 7.8 -3.3
PEY Invesco High Yield Equity Dividend Achievers ETF 13.8 53 -18 9.1 -2.0
WBIY WBI Power Factor High Dividend ETF 13.8 70 -35 12.2 +1.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 13.5 30 5 9.8 -1.3
QLC FlexShares US Quality Large Cap Index Fund 13.4 32 3 5.3 -5.8
FOVL iShares Focused Value Factor ETF 13.4 25 10 10.5 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.4 9 26 5.9 -5.2
TTFS AdvisorShares Wilshire Buyback ETF 13.4 91 -56 6.1 -5.0

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 Value 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 9.2 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 11.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.