Invesco S&P 500 Pure Value ETF
ALTAR
Score™
9.1% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
12.0x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
2.8%


  • 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) $1,376
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 122
Wgt avg mkt cap (mns) $47,525
Large cap (>$10bn) 77.1%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNUM GROUP 2.1 %
HOLLYFRONTIER CORP 2.1 %
BERKSHIRE HATHAWAY INC-CL B 2.1 %
CENTURYTEL INC 1.9 %
FORD MOTOR CO 1.8 %
METLIFE INC 1.8 %
LINCOLN NATIONAL CORP 1.8 %
VALERO ENERGY CORP 1.8 %
PRUDENTIAL FINANCIAL INC 1.6 %
HEWLETT PACKARD ENTERPRISE CO. 1.5 %
Total 18.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
BRITAIN 1.4 %
BERMUDA 1.0 %
SWITZERLAND 0.6 %
IRELAND 0.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
13.3% 26.3% 10.8% 10.7% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 1.40 82%
MSCI EAFE 1.42 83%
MSCI Emg. Mkts. 1.18 71%

Technical Indicators
Recent close $69.61
30d moving avg. $66.79
Annualized volatility 28.6%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 384
Turnover 1.9%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $35,505

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 9.1%


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 57.7 13 22 8.9 -0.2
FTA First Trust Large Cap Value AlphaDEX Fund 44.8 60 -25 7.2 -1.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 39.5 65 -30 4.3 -4.8
RYF Invesco S&P 500 Equal Weight Financials ETF 39.4 40 -5 7.6 -1.5
JKI iShares Morningstar Mid-Cap Value ETF 39.3 30 5 6.9 -2.2
SPYD SPDR S&P 500 High Dividend ETF 36.9 7 28 8.5 -0.6
RWL Invesco S&P 500 Revenue ETF 35.3 39 -4 6.1 -3.0
VLUE iShares MSCI USA Value Factor ETF 34.7 15 20 9.3 +0.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 34.4 35 0 7.5 -1.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 34.4 35 0 7.6 -1.5
VFVA Vanguard U.S. Value Factor ETF 34.3 14 21 8.2 -0.8
SPVM Invesco S&P 500 Value with Momentum ETF 34.0 39 -4 7.7 -1.4
SPHB Invesco S&P 500 High Beta ETF 33.3 25 10 4.9 -4.2
ALTL Pacer Lunt Large Cap Alternator ETF 33.1 60 -25 4.6 -4.5
MAGA Point Bridge GOP Stock Tracker ETF 32.7 72 -37 5.2 -3.9
FXO First Trust Financials AlphaDEX Fund 31.1 63 -28 8.9 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 31.0 29 6 5.5 -3.6
FAB First Trust Multi Cap Value AlphaDEX Fund 30.3 71 -36 7.2 -1.9
VOOV Vanguard S&P 500 Value ETF 29.2 10 25 6.2 -2.9
JHMF John Hancock Multifactor Financials ETF 28.9 40 -5 6.5 -2.6
VLU SPDR S&P 1500 Value Tilt ETF 28.9 12 23 5.9 -3.2
ESGS Columbia Sustainable U.S. Equity Income ETF 28.5 35 0 7.5 -1.6
IEFN iShares Evolved U.S. Financials ETF 28.3 18 17 7.6 -1.5
DVY iShares Select Dividend ETF 27.8 39 -4 7.6 -1.5
AUSF Global X Adaptive U.S. Factor ETF 27.6 27 8 7.8 -1.3
FUNL CornerCap Fundametrics Large-Cap ETF 27.4 50 -15 7.2 -1.9
VOE Vanguard Mid-Cap Value Index Fund 27.1 7 28 6.3 -2.8
JVAL JPMorgan U.S. Value Factor ETF 26.7 12 23 7.1 -2.0
FEX First Trust Large Cap Core AlphaDEX Fund 26.0 60 -25 4.9 -4.2
ONEY SPDR Russell 1000 Yield Focus ETF 26.0 20 15 6.3 -2.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.9 25 10 5.6 -3.5
SPDV AAM S&P 500 High Dividend Value ETF 25.6 29 6 7.8 -1.3
XLF Financial Select Sector SPDR Fund 25.6 12 23 7.0 -2.1
SPYV SPDR Portfolio S&P 500 Value ETF 25.6 4 31 6.3 -2.8
IVE iShares S&P 500 Value ETF 25.5 18 17 6.1 -3.0
PRF Invesco FTSE RAFI US 1000 ETF 25.5 39 -4 5.7 -3.4
VTV Vanguard Value Index Fund 25.2 4 31 6.6 -2.5
RSP Invesco S&P 500 Equal Weight ETF 24.6 20 15 5.4 -3.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 24.5 20 15 6.7 -2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 24.3 17 18 6.1 -3.0
IUSV iShares Core S&P U.S. Value ETF 24.3 4 31 6.3 -2.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 24.1 25 10 5.5 -3.6
VONV Vanguard Russell 1000 Value Index Fund 23.6 8 27 6.1 -3.0
FNCL Fidelity MSCI Financials Index ETF 23.3 8 27 7.2 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 23.1 30 5 6.7 -2.4
VFH Vanguard Financials Index Fund 23.0 10 25 7.2 -1.9
FVAL Fidelity Value Factor ETF 23.0 29 6 6.8 -2.3
VALQ American Century STOXX U.S. Quality Value ETF 22.7 29 6 7.7 -1.4
PY Principal Shareholder Yield Index ETF 22.3 15 20 7.5 -1.6
SYLD Cambria Shareholder Yield ETF 22.2 59 -24 6.7 -2.4
RNDV US Equity Dividend Select ETF 22.2 50 -15 7.2 -1.9
IWD iShares Russell 1000 Value ETF 22.1 19 16 5.9 -3.2
SDOG ALPS Sector Dividend Dogs ETF 21.8 40 -5 8.1 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 21.6 25 10 5.8 -3.3
IUS Invesco Strategic US ETF 21.5 19 16 5.2 -3.9
MGV Vanguard Mega Cap Value ETF 21.2 7 28 6.6 -2.5
SCHV Schwab U.S. Large-Cap Value ETF 20.8 4 31 6.1 -3.0
VYM Vanguard High Dividend Yield Index ETF 20.6 6 29 6.8 -2.3
IYF iShares U.S. Financials ETF 20.4 42 -7 6.1 -3.0
DIVB iShares U.S. Dividend & Buyback ETF 20.0 25 10 6.0 -3.1
GBDV Global Beta Smart Income ETF 20.0 29 6 7.8 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 19.9 70 -35 4.9 -4.2
IWX iShares Russell Top 200 Value ETF 19.7 20 15 6.1 -3.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 19.5 39 -4 7.9 -1.2
IWS iShares Russell Mid-Cap Value ETF 18.8 24 11 5.6 -3.5
QSY WisdomTree U.S. LargeCap Value Fund 18.8 38 -3 6.9 -2.2
CVY Invesco Zacks Multi-Asset Income ETF 18.5 94 -59 8.4 -0.7
KIE SPDR S&P Insurance ETF 18.4 35 0 8.3 -0.8
RNLC Large Cap US Equity Select ETF 18.3 60 -25 5.3 -3.8
FDL First Trust Morningstar Dividend Leaders Index Fund 18.0 45 -10 9.0 -0.1
VUSE Vident Core US Equity Fund 18.0 48 -13 7.2 -1.9
SPXT ProShares S&P 500 Ex-Technology ETF 17.9 27 8 5.0 -4.1
SIZE iShares MSCI USA Size Factor ETF 17.9 15 20 5.1 -4.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 17.9 15 20 6.1 -3.0
IXG iShares Global Financials ETF 17.9 46 -11 8.3 -0.8
EUSA iShares MSCI USA Equal Weighted ETF 17.9 15 20 5.1 -4.0
DVLU First Trust Dorsey Wright Momentum & Value ETF 17.7 60 -25 8.1 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 17.5 8 27 6.1 -3.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 17.3 4 31 4.8 -4.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.2 15 20 0.0 -9.1
JDIV JPMorgan U.S. Dividend ETF 17.1 12 23 6.5 -2.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.1 20 15 6.0 -3.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 16.9 9 26 5.1 -4.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.7 30 5 5.2 -3.9
SPGP Invesco S&P 500 GARP ETF 16.6 34 1 6.4 -2.7
SLT Pacer Salt High TruBeta US Market ETF 16.6 60 -25 4.3 -4.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.5 35 0 5.2 -3.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 16.5 35 0 5.2 -3.9
AFLG First Trust Active Factor Large Cap ETF 16.2 55 -20 4.8 -4.3
RDVY First Trust Rising Dividend Achievers ETF 16.2 50 -15 6.5 -2.6
KBWB Invesco KBW Bank ETF 16.1 35 0 7.8 -1.3
QDIV Global X S&P 500 Quality Dividend ETF 16.0 20 15 6.6 -2.5
IAK iShares U.S. Insurance ETF 16.0 42 -7 7.9 -1.2
COWZ Pacer US Cash Cows 100 ETF 15.8 49 -14 9.6 +0.5
PEY Invesco High Yield Equity Dividend Achievers ETF 15.7 52 -17 7.8 -1.3
JHML John Hancock Multifactor Large Cap ETF 15.6 29 6 5.0 -4.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 10.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.50
 
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.