Invesco S&P 500 Equal Weight Materials ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.5x
P/BV
ratio
1.6x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Materials ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Equal Weight Materials Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 07, 2006
Assets (mns) $131
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 29
Wgt avg mkt cap (mns) $23,563
Large cap (>$10bn) 80.8%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALBEMARLE CORP 5.0 %
BALL CORP 4.3 %
NEWMONT MINING CORP 4.3 %
CORTEVA INC 4.2 %
ECOLAB INC 4.0 %
AIR PRODUCTS & CHEMICALS INC 4.0 %
FMC CORP 3.8 %
PRAXAIR INC 3.7 %
AVERY DENNISON CORP 3.7 %
MOSAIC CO/THE 3.7 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.4 %
BRITAIN 6.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.5% 8.7% 7.2% 10.4% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.08 75%
MSCI EAFE 1.14 70%
MSCI Emg. Mkts. 0.81 61%

Technical Indicators
Recent close $109.54
30d moving avg. $112.78
Annualized volatility 15.1%
Short interest (ETF) 1.6%
Short interest (Underlying) 4.5%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $4,299

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Invesco S&P 500 Equal Weight Materials ETF ETF based on the alternatives' overlap in portfolio holdings with RTM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RTM Expense: 40 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RTM
Ticker Fund
Name
Overlap1
vs RTM
(%)
Expense
ratio
(bp)
Savings
vs RTM
(bp)
ALTAR
Score™
(%)
ALTAR
vs RTM
(%)
XLB Materials Select Sector SPDR Fund 67.2 13 27 8.3 +0.5
JHMA John Hancock Multifactor Materials ETF 66.7 40 0 7.6 -0.2
VAW Vanguard Materials Index Fund 58.8 10 30 8.1 +0.3
FMAT Fidelity MSCI Materials Index ETF 58.1 8 32 8.1 +0.3
IYM iShares U.S. Basic Materials ETF 49.6 42 -2 7.8 +0.0
PYZ Invesco DWA Basic Materials Momentum ETF 39.6 60 -20 5.6 -2.2
FXZ First Trust Materials AlphaDEX Fund 38.5 65 -25 8.0 +0.2
MXI iShares Global Materials ETF 33.4 46 -6 6.8 -1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 23.3 60 -20 7.2 -0.6
EQRR ProShares Equities for Rising Rates ETF 19.4 35 5 8.3 +0.5
DIET Defiance Next Gen Food & Agriculture ETF 17.5 30 10 4.9 -2.9
NANR SPDR S&P North American Natural Resources ETF 17.1 35 5 4.6 -3.2
FTAG First Trust Indxx Global Agriculture ETF 16.8 70 -30 7.8 0.0
CUT Invesco MSCI Global Timber ETF 16.5 55 -15 7.5 -0.3
DVP Deep Value ETF 13.2 59 -19 14.6 +6.8
VEGI iShares MSCI Global Agriculture Producers ETF 12.4 39 1 6.3 -1.5
GNR SPDR S&P Global Natural Resources ETF 11.7 40 0 7.2 -0.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.4 39 1 10.4 +2.6
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 11.1 75 -35 5.5 -2.3

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 Equal Weight Materials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.56
 
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.