Invesco S&P 500 Pure Value ETF
ALTAR
Score™
17.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.8x P/Sales
ratio
0.3x
P/BV
ratio
0.6x Div.
yield
5.2%


  • 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 07, 2006
Assets (mns) $473
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 109
Wgt avg mkt cap (mns) $38,564
Large cap (>$10bn) 58.8%
Mid cap ($2-10bn) 38.9%
Small cap (<$2bn) 2.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 3.6 %
KROGER CO 2.6 %
CENTENE CORP 2.1 %
ARCHER-DANIELS-MIDLAND CO 2.1 %
WESTROCK CO. 1.9 %
AMERISOURCEBERGEN CORP 1.9 %
FORD MOTOR CO 1.9 %
GENERAL MOTORS CO 1.8 %
CVS CAREMARK CORP 1.8 %
METLIFE INC 1.8 %
Total 21.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
BRITAIN 2.3 %
IRELAND 1.0 %
BERMUDA 0.8 %
SWITZERLAND 0.7 %






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.
-41.7% -34.8% -3.7% 6.1% 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.48 85%
MSCI EAFE 1.48 82%
MSCI Emg. Mkts. 1.11 68%

Technical Indicators
Recent close $37.50
30d moving avg. $48.22
Annualized volatility 24.4%
Short interest (ETF) 0.7%
Short interest (Underlying) 5.3%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 439
Turnover 3.5%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $29,943

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™: 17.6%


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 51.2 13 22 15.9 -1.7
FTA First Trust Large Cap Value AlphaDEX Fund 40.3 60 -25 12.1 -5.5
VLUE iShares Edge MSCI USA Value Factor ETF 31.7 15 20 14.4 -3.2
RYF Invesco S&P 500 Equal Weight Financials ETF 30.3 40 -5 11.9 -5.8
RWL Invesco S&P 500 Revenue ETF 30.0 39 -4 9.2 -8.4
FLAG FLAG-Forensic Accounting Long Short ETF 28.5 152 -117 11.1 -6.6
ESGS Columbia Sustainable U.S. Equity Income ETF 27.6 35 0 12.1 -5.5
JKI iShares Morningstar Mid-Cap Value ETF 27.1 30 5 13.5 -4.1
CLRG IQ Chaikin U.S. Large Cap ETF 26.7 25 10 11.5 -6.1
MAGA Point Bridge GOP Stock Tracker ETF 26.6 72 -37 9.4 -8.3
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 26.5 35 0 11.3 -6.3
VFVA Vanguard U.S. Value Factor ETF 26.5 13 22 16.5 -1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 26.5 71 -36 13.3 -4.4
IEFN iShares Evolved U.S. Financials ETF 25.5 18 17 12.1 -5.5
SLT Salt TruBeta High Exposure ETF 24.8 29 6 12.3 -5.3
SPYD SPDR S&P 500 High Dividend ETF 24.4 7 28 14.3 -3.3
JHMF John Hancock Multifactor Financials ETF 24.1 40 -5 10.7 -6.9
VLU SPDR S&P 1500 Value Tilt ETF 23.7 12 23 9.6 -8.1
VOOV Vanguard S&P 500 Value ETF 23.3 15 20 9.2 -8.5
SPDV AAM S&P 500 High Dividend Value ETF 23.3 29 6 14.5 -3.1
SPYV SPDR Portfolio S&P 500 Value ETF 23.3 4 31 9.2 -8.4
IVE iShares S&P 500 Value ETF 23.2 18 17 9.1 -8.6
QDIV Global X S&P 500 Quality Dividend ETF 23.0 20 15 10.8 -6.9
IUSV iShares Core S&P U.S. Value ETF 22.4 4 31 9.4 -8.3
XLF Financial Select Sector SPDR Fund 22.3 13 22 10.8 -6.8
FEX First Trust Large Cap Core AlphaDEX Fund 21.8 60 -25 8.1 -9.6
JVAL JPMorgan U.S. Value Factor ETF 21.7 12 23 11.9 -5.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.5 29 6 10.6 -7.1
VTV Vanguard Value Index Fund 21.1 4 31 9.1 -8.5
VFH Vanguard Financials Index Fund 21.1 10 25 11.7 -6.0
USDY Pacific Global US Equity Income ETF 21.0 29 6 10.5 -7.1
PRF Invesco FTSE RAFI US 1000 ETF 21.0 39 -4 9.2 -8.5
VOE Vanguard Mid-Cap Value Index Fund 20.9 7 28 10.8 -6.8
FNCL Fidelity MSCI Financials Index ETF 20.9 8 27 11.7 -6.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 20.8 49 -14 11.2 -6.5
VONV Vanguard Russell 1000 Value Index Fund 20.7 8 27 9.3 -8.4
FVAL Fidelity Value Factor ETF 20.5 29 6 11.0 -6.7
SPYB SPDR S&P 500 Buyback ETF 20.3 35 0 11.6 -6.0
FXO First Trust Financials AlphaDEX Fund 20.3 63 -28 13.9 -3.7
SYLD Cambria Shareholder Yield ETF 20.3 59 -24 15.3 -2.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.3 20 15 10.4 -7.2
SPHB Invesco S&P 500 High Beta ETF 20.2 25 10 11.4 -6.2
SDOG ALPS Sector Dividend Dogs ETF 20.2 40 -5 13.9 -3.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 20.2 17 18 9.0 -8.7
IWD iShares Russell 1000 Value ETF 20.2 19 16 9.1 -8.5
RAFE PIMCO RAFI ESG U.S. ETF 20.1 29 6 10.3 -7.3
VALQ American Century STOXX U.S. Quality Value ETF 19.7 29 6 11.5 -6.1
EQRR ProShares Equities for Rising Rates ETF 19.6 35 0 11.7 -6.0
IWX iShares Russell Top 200 Value ETF 19.3 20 15 8.7 -8.9
ONEY SPDR Russell 1000 Yield Focus ETF 19.1 20 15 12.2 -5.5
MGV Vanguard Mega Cap Value ETF 19.0 7 28 8.8 -8.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.9 25 10 8.3 -9.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.8 38 -3 10.2 -7.5
JKF iShares Morningstar Large Cap Value ETF 18.3 25 10 9.5 -8.1
WBIY WBI Power Factor High Dividend ETF 18.3 70 -35 21.5 +3.9
EQWL Invesco Russell Top 200 Equal Weight ETF 17.8 25 10 7.5 -10.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.8 25 10 8.4 -9.3
IYF iShares U.S. Financials ETF 17.7 42 -7 9.3 -8.3
PY Principal Shareholder Yield Index ETF 17.5 29 6 12.6 -5.0
REVS Columbia Research Enhanced Value ETF 17.5 19 16 9.9 -7.8
PWV Invesco Dynamic Large Cap Value ETF 17.5 55 -20 10.6 -7.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 17.2 15 20 8.9 -8.7
RSP Invesco S&P 500 Equal Weight ETF 17.2 20 15 8.8 -8.9
TUSA First Trust Total US Market AlphaDEX ETF 17.1 70 -35 9.4 -8.3
RNDV US Equity Dividend Select ETF 16.5 50 -15 10.5 -7.2
IUS Invesco Strategic US ETF 16.4 19 16 7.9 -9.7
KIE SPDR S&P Insurance ETF 16.3 35 0 11.8 -5.8
AUSF Global X Adaptive U.S. Factor ETF 16.0 27 8 10.5 -7.2
EPS WisdomTree U.S. Earnings 500 Fund 15.9 8 27 8.5 -9.2
IXG iShares Global Financials ETF 15.9 46 -11 12.5 -5.2
CVY Invesco Zacks Multi-Asset Income ETF 15.7 97 -62 18.3 +0.7
VUSE Vident Core US Equity Fund 15.6 48 -13 11.0 -6.7
SYV SPDR MFS Systematic Value Equity ETF 15.5 60 -25 9.8 -7.8
DVY iShares Select Dividend ETF 15.5 39 -4 10.9 -6.8
SCHV Schwab U.S. Large-Cap Value ETF 15.4 4 31 9.0 -8.7
FDL First Trust Morningstar Dividend Leaders Index Fund 15.4 45 -10 10.9 -6.7
DIVB iShares U.S. Dividend & Buyback ETF 15.4 25 10 8.8 -8.9
SPGP Invesco S&P 500 GARP ETF 15.3 35 0 10.7 -6.9
NULV Nuveen ESG Large-Cap Value ETF 15.0 35 0 9.3 -8.4
SPXT ProShares S&P 500 Ex-Technology ETF 14.7 27 8 7.3 -10.3
RDVY First Trust Rising Dividend Achievers ETF 14.6 50 -15 10.1 -7.6
IAK iShares U.S. Insurance ETF 14.6 43 -8 12.0 -5.6
PVAL Principal Contrarian Value Index ETF 14.5 29 6 10.6 -7.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 14.4 9 26 8.1 -9.5
QSY WisdomTree U.S. LargeCap Value Fund 14.3 38 -3 9.6 -8.1
IWS iShares Russell Mid-Cap Value ETF 14.3 24 11 10.0 -7.7
RNLC Large Cap US Equity Select ETF 14.1 60 -25 8.2 -9.4
FOVL iShares Focused Value Factor ETF 14.1 25 10 14.1 -3.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 13.9 30 5 11.9 -5.8
EUSA iShares MSCI USA Equal Weighted ETF 13.8 15 20 8.4 -9.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 13.8 39 -4 15.1 -2.5
SCIU Global X Scientific Beta US ETF 13.8 19 16 7.6 -10.0
VYM Vanguard High Dividend Yield Index ETF 13.6 6 29 8.9 -8.8
COWZ Pacer US Cash Cows 100 ETF 13.6 49 -14 13.7 -4.0
CATH Global X S&P 500 Catholic Values Custom ETF 13.6 29 6 7.0 -10.6
FDRR Fidelity Dividend ETF for Rising Rates 13.4 29 6 9.6 -8.0
RBUS Nationwide Risk-Based U.S. Equity ETF 13.4 30 5 7.2 -10.5
WLDR Affinity World Leaders Equity ETF 13.3 47 -12 12.2 -5.5
SIZE iShares Edge MSCI USA Size Factor ETF 13.2 15 20 8.3 -9.4
JHML John Hancock Multifactor Large Cap ETF 13.2 34 1 7.5 -10.2

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%.

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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 10.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 17.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.