Invesco S&P SmallCap 600 Revenue ETF
ALTAR
Score™
8.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
-28.0x P/Sales
ratio
0.2x
P/BV
ratio
0.9x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RWJ tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Feb 19, 2008
Assets (mns) $195
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Revenue
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 594
Wgt avg mkt cap (mns) $1,316
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 20.2%
Small cap (<$2bn) 79.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED NATURAL FOODS INC 3.7 %
MACY'S INC 2.7 %
CORE-MARK HOLDING CO INC 1.8 %
LITHIA MOTORS INC-CL A 1.8 %
COMMUNITY HEALTH SYSTEMS INC 1.5 %
SONIC AUTOMOTIVE INC-CLASS A 1.4 %
GROUP 1 AUTOMOTIVE INC 1.4 %
BED BATH & BEYOND INC 1.3 %
SPARTANNASH CO 1.1 %
OWENS & MINOR INC 1.1 %
Total 17.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BERMUDA 1.0 %
BRITAIN 0.7 %
IRELAND 0.4 %
CAYMAN ISLANDS 0.2 %
PUERTO RICO 0.2 %
NETHERLANDS 0.1 %




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.
-18.7% -11.6% -0.1% 9.0% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.52 82%
MSCI EAFE 1.55 74%
MSCI Emg. Mkts. 1.07 56%

Technical Indicators
Recent close $52.08
30d moving avg. $55.25
Annualized volatility 28.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 7.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.6%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $10,564

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P SmallCap 600 Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with RWJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWJ Expense: 39 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWJ
Ticker Fund
Name
Overlap1
vs RWJ
(%)
Expense
ratio
(bp)
Savings
vs RWJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs RWJ
(%)
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 57.9 40 -1 7.1 -1.0
SPSM SPDR Portfolio Small Cap ETF 52.1 5 34 7.4 -0.7
SLY SPDR S&P 600 Small Cap ETF 52.1 15 24 7.3 -0.8
IJR iShares Core S&P Small Cap ETF 52.0 7 32 7.4 -0.7
VIOO Vanguard S&P Small-Cap 600 ETF 51.3 10 29 7.5 -0.6
SLYV SPDR S&P 600 Small Cap Value ETF 50.1 15 24 9.8 +1.7
IJS iShares S&P Small-cap 600 Value ETF 50.0 25 14 9.7 +1.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 48.6 15 24 10.1 +2.0
SSLY Syntax Stratified SmallCap ETF 47.8 30 9 6.4 -1.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 39.5 35 4 10.6 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 33.8 29 10 5.8 -2.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 33.4 39 0 12.4 +4.3
EES WisdomTree SmallCap Earnings Fund 33.0 38 1 12.3 +4.2
SLYG SPDR S&P 600 Small Cap Growth ETF 32.0 15 24 5.4 -2.7
IJT iShares S&P Small-Cap 600 Growth ETF 31.9 25 14 5.3 -2.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 31.9 39 0 4.3 -3.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 31.6 16 23 5.4 -2.8
FYX First Trust Small Cap Core AlphaDEX Fund 30.6 63 -24 6.9 -1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 30.4 25 14 7.0 -1.1
IUSS Invesco Strategic US Small Company ETF 30.2 23 16 5.7 -2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 29.4 20 19 6.2 -1.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 29.0 35 4 8.7 +0.6
IWN iShares Russell 2000 Value ETF 29.0 24 15 7.7 -0.4
IWM iShares Russell 2000 ETF 27.7 19 20 3.7 -4.4
VTWV Vanguard Russell 2000 Value Index Fund 27.6 15 24 7.9 -0.3
TPSC Timothy Plan US Small Cap Core ETF 27.5 52 -13 8.7 +0.6
FYT First Trust Small Cap Value AlphaDEX Fund 27.5 72 -33 10.0 +1.9
VTWO Vanguard Russell 2000 Index Fund 26.9 10 29 3.8 -4.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 26.4 29 10 9.8 +1.7
CALF Pacer US Small Cap Cash Cows 100 ETF 26.2 59 -20 13.8 +5.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 26.1 29 10 10.3 +2.2
RNSC Small Cap US Equity Select ETF 26.1 60 -21 8.1 0.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 25.9 39 0 8.2 +0.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 25.6 35 4 8.6 +0.5
CSML IQ Chaikin U.S. Small Cap ETF 24.1 35 4 4.4 -3.8
AVUV Avantis U.S. Small Cap Value ETF 24.0 25 14 9.8 +1.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 23.7 35 4 6.6 -1.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.4 24 15 7.4 -0.7
PSC Principal U.S. Small Cap Index ETF 23.0 38 1 7.4 -0.8
ISMD Inspire Small/Mid Cap Impact ETF 22.4 60 -21 6.8 -1.3
ROGS Hartford Multifactor Global Small Cap ETF 21.9 34 5 8.3 +0.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.7 30 9 8.0 -0.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 21.5 29 10 1.8 -6.3
SCHA Schwab U.S. Small-Cap ETF 21.0 4 35 4.8 -3.3
AFSM First Trust Active Factor Small Cap ETF 19.8 75 -36 5.8 -2.3
DES WisdomTree U.S. SmallCap Dividend Fund 19.7 38 1 9.2 +1.1
BUY USCF SummerHaven SHPEI Index Fund 19.6 80 -41 10.8 +2.6
PSCI Invesco S&P SmallCap Industrials ETF 18.3 29 10 6.9 -1.2
VTWG Vanguard Russell 2000 Growth Index Fund 18.0 15 24 0.8 -7.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.8 6 33 5.5 -2.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 17.6 35 4 6.1 -2.0
PXSG Invesco S&P SmallCap Momentum ETF 17.5 39 0 5.1 -3.0
SQLV Legg Mason Small-Cap Quality Value 17.4 62 -23 8.2 +0.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.3 12 27 8.3 +0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.2 17 22 5.3 -2.8
IWO iShares Russell 2000 Growth ETF 16.8 24 15 0.8 -7.4
VBR Vanguard Small Cap Value Index Fund 15.9 7 32 8.8 +0.7
VFVA Vanguard U.S. Value Factor ETF 14.6 14 25 12.1 +4.0
BKSE BNY Mellon US Small Cap Core Equity ETF 14.5 4 35 5.9 -2.3
VFQY Vanguard U.S. Quality Factor ETF 14.5 13 26 6.2 -1.9
NUSC Nuveen ESG Small-Cap ETF 14.4 40 -1 5.5 -2.6
XSHQ Invesco S&P SmallCap Quality ETF 14.1 29 10 6.9 -1.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.5 38 1 9.5 +1.4
VB Vanguard Small-Cap ETF 13.4 5 34 5.5 -2.6
XSLV Invesco S&P SmallCap Low Volatility ETF 13.3 25 14 6.3 -1.8
VFMF Vanguard U.S. Multifactor ETF 13.3 19 20 7.4 -0.8
FSMD Fidelity Small-Mid Factor ETF 12.6 29 10 7.2 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 12.2 71 -32 10.1 +2.0
VXF Vanguard Extended Market Index Fund 12.1 7 32 3.8 -4.3
VUSE Vident Core US Equity Fund 11.3 48 -9 8.6 +0.5
IWC iShares Micro-Cap ETF 11.3 60 -21 -4.0 -12.1
XRT SPDR S&P Retail ETF 11.2 35 4 6.8 -1.3
FYC First Trust Small Cap Growth AlphaDEX Fund 11.1 70 -31 2.5 -5.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.5 20 19 9.9 +1.7
PSCT Invesco S&P SmallCap Information Technology ETF 9.8 29 10 5.7 -2.5
JKJ iShares Morningstar Small-Cap ETF 9.8 25 14 7.0 -1.1
VAMO Cambria Value & Momentum ETF 9.7 64 -25 7.8 -0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 9.6 14 25 4.9 -3.3
PSCC Invesco S&P SmallCap Consumer Staples ETF 9.4 29 10 5.4 -2.7
SMDV ProShares Russell 2000 Dividend Growers ETF 8.9 40 -1 8.0 -0.1
PSCF Invesco S&P SmallCap Financials ETF 8.5 29 10 12.2 +4.1
DWAS Invesco DWA SmallCap Momentum ETF 8.4 60 -21 -1.1 -9.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.4 35 4 10.0 +1.9
JSML Janus Henderson Small Cap Growth Alpha ETF 8.3 30 9 7.8 -0.3
TUSA First Trust Total US Market AlphaDEX ETF 8.2 70 -31 6.1 -2.0
VBK Vanguard Small-Cap Growth Index Fund 8.1 7 32 2.4 -5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.0 66 -27 2.5 -5.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.0 20 19 4.8 -3.3
BFOR Barron's 400 ETF 7.6 65 -26 6.5 -1.7
PSCH Invesco S&P SmallCap Health Care ETF 7.5 29 10 3.1 -5.1
EZM WisdomTree U.S. MidCap Earnings Fund 7.5 38 1 9.6 +1.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.1 80 -41 5.8 -2.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.0 30 9 11.5 +3.3
PSCM Invesco S&P SmallCap Materials ETF 6.2 29 10 10.3 +2.2
JKK iShares Morningstar Small-Cap Growth ETF 6.1 30 9 1.1 -7.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.1 30 9 5.7 -2.4
JHSC John Hancock Multifactor Small Cap ETF 5.9 42 -3 6.1 -2.0
VFMO Vanguard U.S. Momentum Factor ETF 5.9 13 26 1.1 -7.0
KOMP SPDR Kensho New Economies Composite ETF 5.7 20 19 2.5 -5.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.4 25 14 6.7 -1.4

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 SmallCap 600 Revenue 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 7.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 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.