Invesco S&P 500 Revenue ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
16.9x P/Sales
ratio
0.8x
P/BV
ratio
2.3x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RWL tracks a revenue-weighted index of S&P 500 stocks.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Feb 19, 2008
Assets (mns) $876
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 502
Wgt avg mkt cap (mns) $255,521
Large cap (>$10bn) 97.3%
Mid cap ($2-10bn) 2.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 3.8 %
AMAZON.COM INC 2.7 %
APPLE INC 2.1 %
BERKSHIRE HATHAWAY INC-CL B 2.1 %
CVS CAREMARK CORP 2.0 %
UNITEDHEALTH GROUP INC 2.0 %
EXXON MOBIL CORP 1.9 %
MCKESSON CORP 1.8 %
AMERISOURCEBERGEN CORP 1.5 %
FORD MOTOR CO 1.3 %
Total 21.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
IRELAND 1.4 %
BRITAIN 0.9 %
SWITZERLAND 0.4 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
4.4% 28.5% 13.7% 12.0% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 1.01 88%
MSCI Emg. Mkts. 0.80 68%

Technical Indicators
Recent close $65.02
30d moving avg. $64.90
Annualized volatility 19.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.8%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $248,792

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the Invesco S&P 500 Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with RWL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWL Expense: 39 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWL
Ticker Fund
Name
Overlap1
vs RWL
(%)
Expense
ratio
(bp)
Savings
vs RWL
(bp)
ALTAR
Score™
(%)
ALTAR
vs RWL
(%)
PRF Invesco FTSE RAFI US 1000 ETF 70.0 39 0 5.8 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 68.7 25 14 5.7 -0.4
VLU SPDR S&P 1500 Value Tilt ETF 68.5 12 27 6.0 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 66.2 25 14 5.6 -0.5
VOOV Vanguard S&P 500 Value ETF 64.3 10 29 6.3 +0.1
IUS Invesco Strategic US ETF 63.8 19 20 5.3 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 60.5 4 35 6.3 +0.2
IVE iShares S&P 500 Value ETF 60.5 18 21 6.2 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 60.0 60 -21 4.4 -1.7
PBP Invesco S&P 500 BuyWrite ETF 60.0 49 -10 4.5 -1.6
SPLG SPDR Portfolio Large Cap ETF 59.8 3 36 5.0 -1.2
SPY SPDR S&P 500 ETF Trust 59.8 9 30 4.9 -1.3
IVV iShares Core S&P 500 ETF 59.8 3 36 4.9 -1.2
VOO VANGUARD S&P 500 ETF 59.3 3 36 4.9 -1.2
IUSV iShares Core S&P U.S. Value ETF 58.9 4 35 6.4 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 58.6 20 19 4.9 -1.2
JHML John Hancock Multifactor Large Cap ETF 58.5 29 10 5.0 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 58.4 8 31 6.2 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 57.8 27 12 5.1 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 57.3 2 37 4.8 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 57.2 27 12 4.8 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 57.2 3 36 5.0 -1.2
SCHX Schwab U.S. Large-Cap ETF 57.0 3 36 4.8 -1.4
VONV Vanguard Russell 1000 Value Index Fund 56.9 8 31 6.1 -0.0
VV Vanguard Large-Cap Index Fund 56.9 4 35 4.8 -1.4
PBUS Invesco PureBeta MSCI USA ETF 56.9 4 35 4.8 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 56.8 7 32 4.7 -1.4
IWB iShares Russell 1000 ETF 56.0 15 24 4.7 -1.5
IYY iShares Dow Jones U.S. ETF 55.9 20 19 4.6 -1.5
SCHK Schwab 1000 Index ETF 55.9 5 34 4.7 -1.5
DFAU Dimensional US Core Equity Market ETF 55.8 12 27 4.9 -1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 55.1 27 12 4.5 -1.7
IWD iShares Russell 1000 Value ETF 55.0 19 20 6.0 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 55.0 29 10 4.7 -1.5
VTV Vanguard Value Index Fund 55.0 4 35 6.6 +0.5
VONE Vanguard Russell 1000 ETF 55.0 8 31 4.7 -1.4
ESGV Vanguard ESG U.S. Stock ETF 55.0 12 27 4.7 -1.5
XVV iShares ESG Screened S&P 500 ETF 54.6 8 31 5.0 -1.2
SFY SoFi Select 500 ETF 54.5 0 39 4.8 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 54.3 25 14 6.0 -0.1
VTHR Vanguard Russell 3000 Index Fund 54.2 10 29 4.6 -1.6
SCHB Schwab U.S. Broad Market ETF 54.1 3 36 4.6 -1.5
IWV iShares Russell 3000 ETF 54.0 20 19 4.5 -1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 53.9 3 36 4.6 -1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 53.8 20 19 4.8 -1.3
VTI Vanguard Total Stock Market Index Fund 53.2 3 36 4.6 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 53.1 15 24 5.5 -0.7
SCHV Schwab U.S. Large-Cap Value ETF 53.1 4 35 6.2 +0.0
AVUS Avantis U.S. Equity ETF 52.7 15 24 5.1 -1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.5 30 9 5.5 -0.6
MGC Vanguard Mega Cap Index Fund 52.0 7 32 4.8 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 51.9 27 12 4.5 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.6 9 30 5.1 -1.0
ESGU iShares MSCI USA ESG Optimized ETF 50.4 15 24 4.7 -1.5
IWL iShares Russell Top 200 ETF 49.8 15 24 4.7 -1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 49.6 25 14 5.0 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.6 30 9 5.2 -0.9
ACVF American Conservative Values ETF 49.4 75 -36 4.4 -1.8
RSP Invesco S&P 500 Equal Weight ETF 49.2 20 19 5.4 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 48.8 0 39 4.8 -1.4
EFIV SPDR S&P 500 ESG ETF 48.4 10 29 4.9 -1.2
SNPE Xtrackers S&P 500 ESG ETF 48.4 10 29 4.9 -1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 48.4 15 24 5.0 -1.2
TOK iShares MSCI Kokusai ETF 47.8 25 14 5.0 -1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 47.7 9 30 5.2 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 46.5 32 7 4.8 -1.4
MGV Vanguard Mega Cap Value ETF 46.2 7 32 6.6 +0.5
URTH iShares MSCI World ETF 45.7 24 15 5.1 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 45.0 25 14 5.9 -0.3
IWX iShares Russell Top 200 Value ETF 44.7 20 19 6.2 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 44.7 28 11 6.4 +0.3
DTD WisdomTree U.S.Total Dividend Fund 44.5 28 11 6.5 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.2 9 30 5.2 -1.0
OEF iShares S&P 100 ETF 44.2 20 19 4.6 -1.6
RNLC Large Cap US Equity Select ETF 43.7 60 -21 5.3 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.7 15 24 0.0 -6.1
IQSU IQ Candriam ESG US Equity ETF 43.3 9 30 4.7 -1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 43.3 12 27 4.2 -1.9
EUSA iShares MSCI USA Equal Weighted ETF 43.0 15 24 5.1 -1.0
ROUS Hartford Multifactor US Equity ETF 42.8 19 20 6.3 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.7 19 20 5.3 -0.8
SIZE iShares MSCI USA Size Factor ETF 42.0 15 24 5.1 -1.0
ACWI iShares MSCI ACWI ETF 42.0 32 7 5.2 -0.9
FVAL Fidelity Value Factor ETF 41.7 29 10 6.8 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 41.7 30 9 6.8 +0.6
AFLG First Trust Active Factor Large Cap ETF 41.2 55 -16 4.9 -1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 41.0 75 -36 4.5 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 40.5 20 19 5.4 -0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 40.4 20 19 5.4 -0.7
JVAL JPMorgan U.S. Value Factor ETF 40.2 12 27 7.1 +1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.1 35 4 5.3 -0.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 40.1 35 4 5.2 -0.9
DGRO iShares Core Dividend Growth ETF 39.8 8 31 6.4 +0.3
VYM Vanguard High Dividend Yield Index ETF 39.7 6 33 6.9 +0.7
VFVA Vanguard U.S. Value Factor ETF 39.2 14 25 8.3 +2.2
RESP WisdomTree US ESG Fund of Benef Interest 39.0 28 11 5.5 -0.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 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 14.9 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.50
 
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.