Invesco S&P SmallCap 600 Revenue ETF
ALTAR
Score™
5.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
-39.5x P/Sales
ratio
0.3x
P/BV
ratio
1.4x Div.
yield
1.3%


  • 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) $272
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 589
Wgt avg mkt cap (mns) $1,512
Large cap (>$10bn) 1.1%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 77.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MACY'S INC 2.9 %
UNITED NATURAL FOODS INC 2.4 %
PBF ENERGY INC-CLASS A 2.2 %
COMMUNITY HEALTH SYSTEMS INC 2.0 %
BED BATH & BEYOND INC 1.6 %
CORE-MARK HOLDING CO INC 1.5 %
GAMESTOP CORP-CLASS A 1.4 %
GROUP 1 AUTOMOTIVE INC 1.4 %
OFFICE DEPOT INC 1.3 %
OWENS & MINOR INC 1.2 %
Total 18.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
BERMUDA 1.4 %
BRITAIN 0.8 %
IRELAND 0.5 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %
NETHERLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.1% -3.4% 3.5% 8.8% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.46 83%
MSCI EAFE 1.52 74%
MSCI Emg. Mkts. 1.13 63%

Technical Indicators
Recent close $78.42
30d moving avg. $69.14
Annualized volatility 28.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 7.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.4%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $6,912

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 5.7%


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 59.0 40 -1 6.1 +0.4
SPSM SPDR Portfolio Small Cap ETF 54.4 5 34 6.3 +0.6
SLY SPDR S&P 600 Small Cap ETF 54.4 15 24 6.2 +0.5
IJR iShares Core S&P Small Cap ETF 54.3 6 33 6.3 +0.6
VIOO Vanguard S&P Small-Cap 600 ETF 54.1 10 29 6.1 +0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 53.1 15 24 7.5 +1.8
SSLY Syntax Stratified SmallCap ETF 52.8 30 9 5.6 -0.1
IJS iShares S&P Small-cap 600 Value ETF 52.4 25 14 7.6 +1.8
SLYV SPDR S&P 600 Small Cap Value ETF 52.3 15 24 7.7 +2.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 40.5 35 4 7.0 +1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.1 29 10 4.4 -1.3
EES WisdomTree SmallCap Earnings Fund 33.8 38 1 8.8 +3.1
IUSS Invesco Strategic US Small Company ETF 33.3 23 16 4.4 -1.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 32.8 39 0 4.1 -1.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 32.7 16 23 4.7 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 32.3 25 14 6.2 +0.5
SLYG SPDR S&P 600 Small Cap Growth ETF 31.4 15 24 4.9 -0.8
IJT iShares S&P Small-Cap 600 Growth ETF 31.3 25 14 4.8 -0.9
IWN iShares Russell 2000 Value ETF 31.2 24 15 5.7 -0.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 30.6 39 0 7.9 +2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 30.6 20 19 4.2 -1.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 29.0 39 0 4.7 -1.1
IWM iShares Russell 2000 ETF 28.3 19 20 2.9 -2.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 28.1 35 4 6.8 +1.1
VTWO Vanguard Russell 2000 Index Fund 28.1 10 29 3.0 -2.8
FYX First Trust Small Cap Core AlphaDEX Fund 27.4 63 -24 6.4 +0.7
VTWV Vanguard Russell 2000 Value Index Fund 26.9 15 24 5.8 +0.1
TPSC Timothy Plan US Small Cap Core ETF 26.8 52 -13 6.5 +0.7
CALF Pacer US Small Cap Cash Cows 100 ETF 26.7 59 -20 8.0 +2.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 25.9 29 10 7.3 +1.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 25.8 35 4 7.0 +1.3
AVUV Avantis U.S. Small Cap Value ETF 25.1 25 14 6.9 +1.1
RNSC Small Cap US Equity Select ETF 25.0 60 -21 6.8 +1.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 24.9 29 10 5.4 -0.3
ISMD Inspire Small/Mid Cap Impact ETF 24.3 60 -21 4.2 -1.5
CSML IQ Chaikin U.S. Small Cap ETF 23.9 35 4 3.5 -2.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 23.5 35 4 5.3 -0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.4 24 15 5.9 +0.2
STSB iShares Factors US Small Blend Style ETF 23.1 35 4 2.9 -2.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.2 30 9 6.9 +1.1
SCHA Schwab U.S. Small-Cap ETF 22.2 4 35 4.1 -1.6
DES WisdomTree U.S. SmallCap Dividend Fund 20.2 38 1 7.4 +1.7
ROGS Hartford Multifactor Global Small Cap ETF 19.9 34 5 7.2 +1.5
PSC Principal U.S. Small Cap Index ETF 19.7 38 1 5.3 -0.5
FYT First Trust Small Cap Value AlphaDEX Fund 19.6 72 -33 9.2 +3.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.3 29 10 -0.4 -6.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.0 6 33 4.5 -1.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.5 12 27 6.6 +0.8
PSCI Invesco S&P SmallCap Industrials ETF 17.4 29 10 5.6 -0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.2 17 22 4.3 -1.5
PXSG Invesco S&P SmallCap Momentum ETF 17.2 39 0 4.1 -1.6
AFSM First Trust Active Factor Small Cap ETF 17.1 75 -36 5.1 -0.7
SQLV Legg Mason Small-Cap Quality Value 16.2 62 -23 5.5 -0.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.4 35 4 5.1 -0.6
IWO iShares Russell 2000 Growth ETF 15.4 24 15 -0.1 -5.8
NUSC Nuveen ESG Small-Cap ETF 15.2 40 -1 4.2 -1.5
VFQY Vanguard U.S. Quality Factor ETF 14.8 13 26 5.8 +0.1
VTWG Vanguard Russell 2000 Growth Index Fund 14.4 15 24 -0.0 -5.8
VBR Vanguard Small Cap Value Index Fund 14.2 7 32 7.1 +1.4
FSMD Fidelity Small-Mid Factor ETF 13.5 29 10 5.7 -0.1
VFMF Vanguard U.S. Multifactor ETF 13.5 19 20 6.5 +0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 13.3 70 -31 2.0 -3.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.1 38 1 7.6 +1.8
XSHQ Invesco S&P SmallCap Quality ETF 12.3 29 10 6.0 +0.3
IWC iShares Micro-Cap ETF 12.3 60 -21 -3.7 -9.4
VB Vanguard Small-Cap ETF 12.2 5 34 4.8 -0.9
XRT SPDR S&P Retail ETF 11.8 35 4 5.0 -0.7
XSLV Invesco S&P SmallCap Low Volatility ETF 11.3 25 14 5.1 -0.6
VUSE Vident Core US Equity Fund 11.2 48 -9 7.9 +2.2
VXF Vanguard Extended Market Index Fund 10.8 6 33 2.8 -2.9
VAMO Cambria Value & Momentum ETF 10.4 63 -24 5.9 +0.2
BKSE BNY Mellon US Small Cap Core Equity ETF 10.3 4 35 5.1 -0.7
VFLQ Vanguard U.S. Liquidity Factor ETF 10.2 14 25 3.7 -2.0
DWAS Invesco DWA SmallCap Momentum ETF 10.0 60 -21 -1.5 -7.2
PSCT Invesco S&P SmallCap Information Technology ETF 9.8 29 10 4.9 -0.8
PSCF Invesco S&P SmallCap Financials ETF 9.7 29 10 9.6 +3.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.6 20 19 7.8 +2.0
FAB First Trust Multi Cap Value AlphaDEX Fund 9.2 71 -32 8.2 +2.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.9 66 -27 2.0 -3.8
DEEP Roundhill Acquirers Deep Value ETF 8.8 80 -41 8.3 +2.6
JKJ iShares Morningstar Small-Cap ETF 8.8 25 14 5.6 -0.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 8.7 30 9 7.9 +2.1
PSCH Invesco S&P SmallCap Health Care ETF 8.3 29 10 3.1 -2.7
BFOR Barron's 400 ETF 8.2 65 -26 6.0 +0.3
JSML Janus Henderson Small Cap Growth Alpha ETF 8.2 30 9 6.8 +1.1
TUSA First Trust Total US Market AlphaDEX ETF 8.0 70 -31 5.3 -0.5
PSCE Invesco S&P SmallCap Energy ETF 7.9 29 10 0.1 -5.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.7 20 19 4.4 -1.4
VBK Vanguard Small-Cap Growth Index Fund 7.5 7 32 2.0 -3.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 7.4 29 10 4.8 -1.0
EZM WisdomTree U.S. MidCap Earnings Fund 7.3 38 1 7.6 +1.9
PSCM Invesco S&P SmallCap Materials ETF 7.1 29 10 7.5 +1.8
VFMO Vanguard U.S. Momentum Factor ETF 7.1 13 26 0.3 -5.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.9 35 4 8.5 +2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 6.4 25 14 5.6 -0.1
XHS SPDR S&P Health Care Services ETF 6.4 35 4 3.8 -1.9
KOMP SPDR Kensho New Economies Composite ETF 6.1 20 19 2.1 -3.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 5.9 60 -21 1.6 -4.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.6 80 -41 5.2 -0.5

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 8.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.49
 
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.