Invesco S&P 500 Equal Weight Materials ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.2x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.7%


  • 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) $115
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 28
Wgt avg mkt cap (mns) $22,512
Large cap (>$10bn) 71.1%
Mid cap ($2-10bn) 28.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOW CHEMICAL 4.4 %
EASTMAN CHEMICAL COMPANY 4.1 %
LYONDELLBASELL INDU-CL A 4.0 %
ECOLAB INC 3.8 %
SHERWIN-WILLIAMS CO/THE 3.8 %
ALBEMARLE CORP 3.8 %
CELANESE CORP-SERIES A 3.8 %
FMC CORP 3.7 %
DOW, INC. 3.7 %
NEWMONT MINING CORP 3.7 %
Total 38.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.8 %
BRITAIN 7.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.9% 4.3% 4.2% 8.7% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.16 88%
MSCI EAFE 1.22 84%
MSCI Emg. Mkts. 0.94 76%

Technical Indicators
Recent close $100.34
30d moving avg. $92.44
Annualized volatility 20.9%
Short interest (ETF) 2.5%
Short interest (Underlying) 4.5%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.6%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $4,396

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.6%


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
(%)
JHMA John Hancock Multifactor Materials ETF 65.5 40 0 7.1 +0.5
XLB Materials Select Sector SPDR Fund 64.0 13 27 6.1 -0.5
VAW Vanguard Materials Index Fund 56.6 10 30 6.4 -0.2
FMAT Fidelity MSCI Materials Index ETF 55.7 8 32 6.4 -0.2
IYM iShares U.S. Basic Materials ETF 48.2 42 -2 5.7 -0.9
PYZ Invesco DWA Basic Materials Momentum ETF 45.2 60 -20 6.3 -0.3
FXZ First Trust Materials AlphaDEX Fund 39.2 65 -25 7.8 +1.2
MXI iShares Global Materials ETF 32.8 46 -6 6.4 -0.2
EQRR ProShares Equities for Rising Rates ETF 16.1 35 5 6.3 -0.3
CUT Invesco MSCI Global Timber ETF 16.0 55 -15 9.6 +3.0
NANR SPDR S&P North American Natural Resources ETF 14.0 35 5 3.5 -3.1
DVP Deep Value ETF 14.0 59 -19 17.6 +11.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.3 39 1 11.3 +4.7
IGE iShares North American Natural Resources ETF 12.1 46 -6 4.1 -2.5
GNR SPDR S&P Global Natural Resources ETF 11.8 40 0 6.8 +0.2
SDOG ALPS Sector Dividend Dogs ETF 11.5 40 0 10.9 +4.4
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 11.1 75 -35 5.9 -0.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 11.1 35 5 6.3 -0.3
XME SPDR S&P Metals & Mining ETF 10.9 35 5 8.1 +1.5
YLDE ClearBridge Dividend Strategy ESG ETF 10.8 60 -20 5.1 -1.5
VOE Vanguard Mid-Cap Value Index Fund 10.7 7 33 8.3 +1.7
VEGI iShares MSCI Global Agriculture Producers ETF 10.5 39 1 6.3 -0.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 10.4 46 -6 6.3 -0.3
FTAG First Trust Indxx Global Agriculture ETF 10.2 70 -30 6.8 +0.2
WBIY WBI Power Factor High Dividend ETF 9.5 70 -30 14.6 +8.0
SPDV AAM S&P 500 High Dividend Value ETF 9.3 29 11 10.9 +4.3
RPV Invesco S&P 500 Pure Value ETF 9.2 35 5 11.9 +5.3
COWZ Pacer US Cash Cows 100 ETF 9.1 49 -9 10.3 +3.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 9.1 38 2 8.1 +1.5
FDVV Fidelity Core Dividend ETF 8.8 29 11 7.6 +1.0
PEXL Pacer US Export Leaders ETF 8.8 60 -20 6.5 -0.0
QVAL Alpha Architect U.S. Quantitative Value ETF 8.8 49 -9 12.0 +5.5
CZA Invesco Zacks Mid-Cap ETF 8.7 76 -36 6.4 -0.1
TPHD Timothy Plan High Dividend Stock ETF 8.7 52 -12 7.4 +0.8
MOO VanEck Vectors Agribusiness ETF 8.6 54 -14 5.9 -0.7
PAVE Global X U.S. Infrastructure Development ETF 8.3 47 -7 6.1 -0.5
SPVU Invesco S&P 500 Enhanced Value ETF 7.6 13 27 11.4 +4.9
JKI iShares Morningstar Mid-Cap Value ETF 7.4 30 10 10.0 +3.4
MAGA Point Bridge GOP Stock Tracker ETF 7.2 72 -32 6.7 +0.1
CSD Invesco S&P Spin-Off ETF 7.0 62 -22 7.4 +0.8
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 7.0 75 -35 5.4 -1.2
GRES IQ Global Resources ETF 7.0 77 -37 7.7 +1.1
KNOW Direxion All Cap Insider Sentiment Shares 7.0 59 -19 5.5 -1.1
SOIL Global X Fertilizers/Potash ETF 6.8 69 -29 5.6 -1.0
HAP VanEck Vectors Natural Resources ETF 6.8 50 -10 6.6 +0.0
ONEY SPDR Russell 1000 Yield Focus ETF 6.8 20 20 8.8 +2.2
GBDV Global Beta Smart Income ETF 6.6 29 11 12.3 +5.7
TMDV ProShares Russell US Dividend Growers ETF 6.5 35 5 5.3 -1.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.4 29 11 7.5 +0.9
WOOD iShares Global Timber & Forestry ETF 6.4 46 -6 10.5 +3.9
PRN Invesco DWA Industrials Momentum ETF 6.3 60 -20 4.8 -1.8
PKB Invesco Dynamic Building & Construction ETF 6.2 60 -20 7.8 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 6.1 17 23 7.1 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.0 19 21 6.4 -0.2
JDIV JPMorgan U.S. Dividend ETF 5.9 12 28 8.3 +1.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.9 35 5 8.7 +2.1
PEY Invesco High Yield Equity Dividend Achievers ETF 5.9 53 -13 9.0 +2.4
VO Vanguard Mid-Cap Index Fund 5.8 4 36 5.7 -0.9
DVY iShares Select Dividend ETF 5.7 39 1 8.3 +1.7
ESGS Columbia Sustainable U.S. Equity Income ETF 5.7 35 5 9.1 +2.6
SPYD SPDR S&P 500 High Dividend ETF 5.6 7 33 10.5 +3.9
NUMV Nuveen ESG Mid-Cap Value ETF 5.6 40 0 9.0 +2.4
FTA First Trust Large Cap Value AlphaDEX Fund 5.6 60 -20 9.8 +3.2
RSP Invesco S&P 500 Equal Weight ETF 5.4 20 20 7.2 +0.6
PY Principal Shareholder Yield Index ETF 5.4 29 11 9.7 +3.1
IWS iShares Russell Mid-Cap Value ETF 5.4 24 16 7.5 +0.9
KLCD KFA Large Cap Quality Dividend Index ETF 5.3 41 -1 5.4 -1.2
PBW Invesco WilderHill Clean Energy ETF 5.2 70 -30 -4.8 -11.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 5.2 19 21 6.2 -0.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 5.2 70 -30 5.3 -1.3
QSY WisdomTree U.S. LargeCap Value Fund 5.2 38 2 7.0 +0.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 5.2 65 -25 5.7 -0.9
TPLC Timothy Plan US Large Cap Core ETF 5.1 52 -12 5.5 -1.0
SLT Salt TruBeta High Exposure ETF 5.1 29 11 7.4 +0.8
BLES Inspire Global Hope Large Cap ETF 5.1 61 -21 6.8 +0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 5.1 63 -23 7.3 +0.7
HLAL Wahed FTSE USA Shariah ETF 5.0 50 -10 4.7 -1.8
BUL Pacer US Cash Cows Growth ETF 5.0 60 -20 5.7 -0.9
RPG Invesco S&P 500 Pure Growth ETF 5.0 35 5 4.5 -2.1
BIBL Inspire ETF 4.8 35 5 4.8 -1.8
SDY SPDR S&P Dividend ETF 4.8 35 5 7.2 +0.6
ABEQ Absolute Core Strategy ETF 4.7 85 -45 4.8 -1.8
DON WisdomTree U.S. MidCap Dividend Fund 4.6 38 2 8.1 +1.5
PDP Invesco DWA Momentum ETF 4.5 62 -22 2.8 -3.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 4.5 35 5 8.8 +2.2
SUSA iShares MSCI USA ESG Select ETF 4.5 25 15 4.9 -1.7
FCPI Fidelity Stocks for Inflation ETF 4.5 29 11 7.0 +0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 4.4 39 1 8.1 +1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 4.4 9 31 6.1 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 4.4 15 25 6.3 -0.3
NULG Nuveen ESG Large-Cap Growth ETF 4.4 35 5 3.4 -3.2
VSDA VictoryShares Dividend Accelerator ETF 4.3 35 5 4.9 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 4.3 20 20 5.3 -1.2
PVAL Principal Contrarian Value Index ETF 4.2 29 11 7.8 +1.2
IYJ iShares U.S. Industrials ETF 4.2 42 -2 6.1 -0.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 4.2 60 -20 5.4 -1.2
SCIU Global X Scientific Beta US ETF 4.2 19 21 5.9 -0.7
VIG Vanguard Dividend Appreciation Index Fund 4.2 6 34 5.3 -1.3
FEX First Trust Large Cap Core AlphaDEX Fund 4.2 60 -20 6.4 -0.2
SYLD Cambria Shareholder Yield ETF 4.2 59 -19 10.0 +3.4

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.