Invesco S&P 500 Revenue ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
0.7x
P/BV
ratio
2.0x Div.
yield
2.5%


  • 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) $772
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 506
Wgt avg mkt cap (mns) $222,633
Large cap (>$10bn) 94.3%
Mid cap ($2-10bn) 5.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 4.6 %
AMAZON.COM INC 2.6 %
APPLE INC 2.5 %
BERKSHIRE HATHAWAY INC-CL B 2.2 %
UNITEDHEALTH GROUP INC 1.9 %
CVS CAREMARK CORP 1.7 %
MCKESSON CORP 1.7 %
COSTCO WHOLESALE CORP 1.4 %
AMERISOURCEBERGEN CORP 1.4 %
EXXON MOBIL CORP 1.3 %
Total 21.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 1.4 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.8% 9.0% 9.8% 13.1% 8.4%

Market Correlations
versus... Beta R-squared
S&P500 1.03 96%
MSCI EAFE 1.06 86%
MSCI Emg. Mkts. 0.75 68%

Technical Indicators
Recent close $53.02
30d moving avg. $55.11
Annualized volatility 18.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.8%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $19,913

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.5%


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
(%)
VLU SPDR S&P 1500 Value Tilt ETF 69.9 12 27 7.7 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 68.1 39 0 7.4 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 67.3 25 14 7.4 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 65.2 25 14 7.4 -0.1
IUS Invesco Strategic US ETF 64.5 19 20 7.1 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 59.7 8 31 7.2 -0.3
JHML John Hancock Multifactor Large Cap ETF 57.4 29 10 6.0 -1.5
SPY SPDR S&P 500 ETF Trust 57.3 9 30 6.1 -1.4
PBP Invesco S&P 500 BuyWrite ETF 57.2 49 -10 5.7 -1.8
XYLG Global X S&P 500 Covered Call & Growth ETF 57.2 60 -21 5.7 -1.8
IVE iShares S&P 500 Value ETF 57.1 18 21 7.4 -0.1
SPLG SPDR Portfolio Large Cap ETF 57.0 3 36 6.1 -1.4
VOOV Vanguard S&P 500 Value ETF 57.0 10 29 7.4 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 57.0 4 35 7.5 0.0
HSPX Global X S&P 500 Covered Call ETF 56.9 60 -21 5.5 -2.0
IVV iShares Core S&P 500 ETF 56.8 3 36 6.1 -1.4
VOO VANGUARD S&P 500 ETF 56.8 3 36 6.1 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.9 20 19 6.1 -1.4
SPXT ProShares S&P 500 Ex-Technology ETF 55.7 27 12 5.6 -1.9
IUSV iShares Core S&P U.S. Value ETF 55.5 4 35 7.6 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 55.3 3 36 6.2 -1.3
SCHX Schwab U.S. Large-Cap ETF 55.3 3 36 5.9 -1.6
SPXE ProShares S&P 500 Ex-Energy ETF 55.1 27 12 6.1 -1.4
PBUS Invesco PureBeta MSCI USA ETF 54.8 4 35 6.0 -1.5
VV Vanguard Large-Cap Index Fund 54.8 4 35 5.9 -1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 54.5 7 32 6.0 -1.5
SCHK Schwab 1000 Index ETF 54.4 5 34 5.9 -1.6
IYY iShares Dow Jones U.S. ETF 54.3 20 19 5.8 -1.7
IWB iShares Russell 1000 ETF 54.2 15 24 5.7 -1.8
VONE Vanguard Russell 1000 ETF 53.7 8 31 5.8 -1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 53.3 2 37 6.0 -1.5
SCHB Schwab U.S. Broad Market ETF 53.2 3 36 5.8 -1.7
VTHR Vanguard Russell 3000 Index Fund 53.2 10 29 5.7 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 53.1 3 36 5.8 -1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 53.0 27 12 5.8 -1.7
SFY SoFi Select 500 ETF 52.8 0 39 5.6 -1.9
IWV iShares Russell 3000 ETF 52.8 20 19 5.6 -1.9
IWD iShares Russell 1000 Value ETF 52.7 19 20 7.0 -0.5
VONV Vanguard Russell 1000 Value Index Fund 52.5 8 31 7.1 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 52.5 25 14 7.3 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 52.0 29 10 5.9 -1.6
AVUS Avantis U.S. Equity ETF 51.8 15 24 6.2 -1.3
VTI Vanguard Total Stock Market Index Fund 51.7 3 36 5.7 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 51.6 25 14 6.9 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 50.9 27 12 5.8 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 50.8 15 24 6.2 -1.3
MGC Vanguard Mega Cap Index Fund 50.6 7 32 6.0 -1.5
VTV Vanguard Value Index Fund 50.6 4 35 7.5 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.3 9 30 6.2 -1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.8 30 9 6.7 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 49.5 20 19 5.7 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 48.8 15 24 5.8 -1.7
RSP Invesco S&P 500 Equal Weight ETF 48.6 20 19 6.7 -0.8
IWL iShares Russell Top 200 ETF 48.1 15 24 5.8 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 48.0 0 39 6.0 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 47.9 29 10 6.4 -1.1
DTD WisdomTree U.S.Total Dividend Fund 47.6 28 11 7.2 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 47.0 28 11 7.1 -0.4
TOK iShares MSCI Kokusai ETF 46.6 25 14 6.0 -1.5
ESGV Vanguard ESG U.S. Stock ETF 46.4 12 27 5.9 -1.6
SNPE Xtrackers S&P 500 ESG ETF 46.3 10 29 6.0 -1.5
URTH iShares MSCI World ETF 44.1 24 15 6.1 -1.4
MGV Vanguard Mega Cap Value ETF 44.1 7 32 7.3 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 44.0 4 35 7.3 -0.2
RNLC Large Cap US Equity Select ETF 43.9 60 -21 6.5 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 43.6 29 10 7.7 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 43.5 9 30 6.1 -1.4
SIZE iShares Edge MSCI USA Size Factor ETF 43.3 15 24 6.2 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 43.3 32 7 5.7 -1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 43.1 25 14 6.3 -1.2
OEF iShares S&P 100 ETF 42.8 20 19 5.9 -1.6
EUSA iShares MSCI USA Equal Weighted ETF 42.5 15 24 6.3 -1.2
IWX iShares Russell Top 200 Value ETF 42.5 20 19 6.9 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.4 19 20 6.8 -0.7
DGRO iShares Core Dividend Growth ETF 42.0 8 31 7.0 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.9 12 27 6.2 -1.3
ROUS Hartford Multifactor US Equity ETF 41.9 19 20 6.6 -0.9
ACWI iShares MSCI ACWI ETF 41.6 32 7 6.3 -1.2
IQSU IQ Candriam ESG US Equity ETF 40.9 9 30 6.2 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.4 15 24 7.1 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 40.2 20 19 6.5 -1.0
AFLG First Trust Active Factor Large Cap ETF 40.1 55 -16 6.4 -1.1
SCIU Global X Scientific Beta US ETF 39.9 19 20 6.0 -1.5
USDY Pacific Global US Equity Income ETF 39.2 29 10 7.2 -0.2
JVAL JPMorgan U.S. Value Factor ETF 39.1 12 27 9.0 +1.5
VT Vanguard Total World Stock Index Fund 38.6 8 31 6.5 -1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 38.3 35 4 5.9 -1.6
FVAL Fidelity Value Factor ETF 38.1 29 10 8.6 +1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 38.1 35 4 5.9 -1.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.0 17 22 6.6 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 37.4 9 30 6.3 -1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 37.1 60 -21 5.4 -2.1
FEX First Trust Large Cap Core AlphaDEX Fund 37.1 60 -21 6.1 -1.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 37.0 18 21 6.3 -1.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 37.0 20 19 6.5 -1.0
VYM Vanguard High Dividend Yield Index ETF 36.5 6 33 7.6 +0.1
EXT WisdomTree U.S. Total Earnings Fund 36.5 28 11 6.1 -1.4
EFIV SPDR S&P 500 ESG ETF 36.5 10 29 6.0 -1.5
VALQ American Century STOXX U.S. Quality Value ETF 36.2 29 10 9.2 +1.7
VOOG Vanguard S&P 500 Growth ETF 36.2 10 29 5.8 -1.7

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%.

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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 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 14.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.51
 
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.