Invesco S&P MidCap 400 Revenue ETF
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
0.4x
P/BV
ratio
1.3x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RWK tracks a revenue-weighted index of the S&P Mid Cap 400 Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Feb 22, 2008
Assets (mns) $213
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 390
Wgt avg mkt cap (mns) $4,409
Large cap (>$10bn) 4.7%
Mid cap ($2-10bn) 77.2%
Small cap (<$2bn) 18.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TECH DATA CORP 3.1 %
MOLINA HEALTHCARE INC 2.2 %
ARROW ELECTRONICS INC 2.1 %
WORLD FUEL SERVICES CORP 1.9 %
BJ'S WHOLESALE CLUB HOLDINGS, INC. 1.8 %
JABIL CIRCUIT INC 1.6 %
SYNNEX CORP 1.6 %
AUTONATION INC 1.5 %
AECOM TECHNOLOGY CORP 1.5 %
LEAR CORP 1.5 %
Total 18.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
IRELAND 1.1 %
BRITAIN 0.7 %
BERMUDA 0.4 %
SWITZERLAND 0.1 %






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.
-20.7% -5.8% 1.4% 8.7% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 91%
MSCI EAFE 1.52 82%
MSCI Emg. Mkts. 1.12 69%

Technical Indicators
Recent close $51.22
30d moving avg. $46.71
Annualized volatility 26.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.8%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 48
Turnover 1.2%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $18,910

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P MidCap 400 Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with RWK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWK Expense: 39 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWK
Ticker Fund
Name
Overlap1
vs RWK
(%)
Expense
ratio
(bp)
Savings
vs RWK
(bp)
ALTAR
Score™
(%)
ALTAR
vs RWK
(%)
EWMC Invesco S&P MidCap 400 Equal Weight ETF 60.5 40 -1 7.2 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 56.4 23 16 6.5 -1.5
SPMD SPDR Portfolio Mid Cap ETF 56.3 5 34 6.7 -1.4
IJH iShares Core S&P Mid-Cap ETF 56.3 6 33 6.6 -1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 55.8 10 29 6.5 -1.5
SMDY Syntax Stratified MidCap ETF 55.4 30 9 6.7 -1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 54.8 25 14 8.7 +0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 54.8 15 24 8.8 +0.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 53.8 15 24 8.8 +0.8
EZM WisdomTree U.S. MidCap Earnings Fund 43.8 38 1 9.7 +1.7
RFV Invesco S&P Midcap 400 Pure Value ETF 39.3 35 4 10.6 +2.6
PXMV Invesco S&P MidCap Value with Momentum ETF 38.4 39 0 9.9 +1.9
VBR Vanguard Small Cap Value Index Fund 37.5 7 32 8.9 +0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 36.5 7 32 5.8 -2.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 35.8 15 24 5.0 -3.1
IJK iShares S&P Mid-Cap 400 Growth ETF 35.8 24 15 4.9 -3.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 35.6 15 24 4.9 -3.1
VB Vanguard Small-Cap ETF 34.3 5 34 5.8 -2.2
AFMC First Trust Active Factor Mid Cap ETF 34.2 65 -26 6.5 -1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 31.9 6 33 5.4 -2.6
FNX First Trust Mid Cap Core AlphaDEX Fund 31.0 61 -22 7.2 -0.9
RNMC Mid Cap US Equity Select ETF 30.4 60 -21 8.3 +0.3
IUSS Invesco Strategic US Small Company ETF 29.6 23 16 6.3 -1.7
SFYX Sofi Next 500 ETF 29.3 0 39 6.2 -1.9
SCHM Schwab U.S. Mid-Cap ETF 28.8 4 35 6.6 -1.4
JKL iShares Morningstar Small Cap Value ETF 28.7 30 9 10.4 +2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.5 17 22 5.2 -2.9
FSMD Fidelity Small-Mid Factor ETF 28.5 29 10 7.3 -0.7
JHSC John Hancock Multifactor Small Cap ETF 28.3 50 -11 6.1 -1.9
VXF Vanguard Extended Market Index Fund 28.1 7 32 4.1 -3.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.2 25 14 6.8 -1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.1 20 19 10.2 +2.2
FNK First Trust Mid Cap Value AlphaDEX Fund 26.7 70 -31 11.7 +3.7
SCHA Schwab U.S. Small-Cap ETF 26.5 4 35 5.1 -2.9
DON WisdomTree U.S. MidCap Dividend Fund 24.8 38 1 8.1 +0.0
SMMD iShares Russell 2500 ETF 21.3 15 24 5.8 -2.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 21.0 29 10 6.9 -1.1
JHMM John Hancock Multifactor Mid Cap ETF 20.8 44 -5 6.0 -2.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 20.7 80 -41 5.6 -2.4
EQAL Invesco Russell 1000 Equal Weight ETF 20.5 20 19 5.3 -2.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 19.9 48 -9 6.6 -1.5
VUSE Vident Core US Equity Fund 19.8 48 -9 8.1 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 19.4 20 19 7.2 -0.8
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 19.1 39 0 6.4 -1.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 19.1 35 4 4.0 -4.0
NUSC Nuveen ESG Small-Cap ETF 19.0 40 -1 5.3 -2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 18.3 24 15 6.2 -1.8
ONEO SPDR Russell 1000 Momentum Focus ETF 18.3 20 19 6.8 -1.2
XMMO Invesco S&P MidCap Momentum ETF 17.9 39 0 4.3 -3.7
AVUV Avantis U.S. Small Cap Value ETF 17.3 25 14 9.8 +1.8
PVAL Principal Contrarian Value Index ETF 17.3 29 10 7.8 -0.3
EQWM Invesco S&P MidCap Quality ETF 17.3 25 14 5.0 -3.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.1 24 15 7.9 -0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 16.4 71 -32 10.3 +2.3
IWS iShares Russell Mid-Cap Value ETF 16.4 24 15 7.5 -0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 16.2 17 22 6.7 -1.3
ONEY SPDR Russell 1000 Yield Focus ETF 16.2 20 19 8.8 +0.8
VBK Vanguard Small-Cap Growth Index Fund 15.9 7 32 2.7 -5.3
XMLV Invesco S&P MidCap Low Volatility ETF 15.8 25 14 5.4 -2.6
VFLQ Vanguard U.S. Liquidity Factor ETF 15.1 13 26 3.7 -4.3
TUSA First Trust Total US Market AlphaDEX ETF 15.1 70 -31 6.5 -1.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.8 20 19 6.2 -1.8
IWM iShares Russell 2000 ETF 14.6 19 20 3.9 -4.1
VFVA Vanguard U.S. Value Factor ETF 14.5 13 26 12.1 +4.0
IWR iShares Russell Midcap ETF 14.5 19 20 5.9 -2.1
PSC Principal U.S. Small Cap Index ETF 14.4 38 1 7.7 -0.3
JKJ iShares Morningstar Small-Cap ETF 14.4 25 14 6.6 -1.4
VTWO Vanguard Russell 2000 Index Fund 14.3 10 29 3.9 -4.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 14.0 70 -31 2.1 -5.9
ISMD Inspire Small/Mid Cap Impact ETF 13.8 61 -22 7.0 -1.0
VFQY Vanguard U.S. Quality Factor ETF 13.5 13 26 6.4 -1.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.4 30 9 8.0 0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.4 29 10 6.3 -1.7
TPLC Timothy Plan US Large Cap Core ETF 13.4 52 -13 5.5 -2.5
VFMF Vanguard U.S. Multifactor ETF 13.3 18 21 7.4 -0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.2 20 19 6.4 -1.7
IWN iShares Russell 2000 Value ETF 13.1 24 15 7.6 -0.4
VTWV Vanguard Russell 2000 Value Index Fund 12.9 15 24 7.7 -0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 12.5 30 9 6.2 -1.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.2 35 4 6.0 -2.0
JVAL JPMorgan U.S. Value Factor ETF 12.1 12 27 9.1 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 12.0 39 0 4.4 -3.6
BFOR Barron's 400 ETF 11.8 66 -27 6.5 -1.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.4 35 4 6.0 -2.0
IFRA iShares U.S. Infrastructure ETF 11.3 40 -1 5.9 -2.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.2 66 -27 2.7 -5.4
BUYN USCF SummerHaven SHPEN Index Fund 11.2 80 -41 13.8 +5.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.1 63 -24 7.3 -0.8
AFSM First Trust Active Factor Small Cap ETF 11.1 75 -36 6.6 -1.4
BUY USCF SummerHaven SHPEI Index Fund 10.9 80 -41 11.6 +3.6
USMF WisdomTree U.S. Multifactor Fund 10.9 28 11 6.3 -1.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 10.8 40 -1 6.2 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 10.8 25 14 6.4 -1.6
JHMI John Hancock Multifactor Industrials ETF 10.8 40 -1 6.3 -1.8
ROUS Hartford Multifactor US Equity ETF 10.8 19 20 7.4 -0.7
PEXL Pacer US Export Leaders ETF 10.7 60 -21 6.5 -1.5
COWZ Pacer US Cash Cows 100 ETF 10.3 49 -10 10.3 +2.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 10.3 60 -21 8.8 +0.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 9.8 64 -25 10.0 +2.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 MidCap 400 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 10.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.