Invesco S&P 500 Revenue ETF
ALTAR
Score™
8.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
0.6x
P/BV
ratio
1.8x Div.
yield
3.0%


  • 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 22, 2008
Assets (mns) $670
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 504
Wgt avg mkt cap (mns) $183,809
Large cap (>$10bn) 93.4%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 5.2 %
AMAZON.COM INC 3.1 %
APPLE INC 2.5 %
MCKESSON CORP 2.2 %
UNITEDHEALTH GROUP INC 2.2 %
BERKSHIRE HATHAWAY INC-CL B 2.2 %
CVS CAREMARK CORP 2.1 %
AMERISOURCEBERGEN CORP 2.0 %
COSTCO WHOLESALE CORP 1.6 %
EXXON MOBIL CORP 1.5 %
Total 24.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.5 %
BRITAIN 0.8 %
SWITZERLAND 0.4 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.2% -13.0% 3.2% 9.1% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.08 96%
MSCI EAFE 1.02 83%
MSCI Emg. Mkts. 0.75 67%

Technical Indicators
Recent close $43.91
30d moving avg. $49.01
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.8%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 143
Turnover 0.9%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $308,722

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™: 8.9%


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 71.9 12 27 9.3 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 69.6 39 0 8.9 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 69.3 25 14 8.1 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 67.3 25 14 8.2 -0.8
IUS Invesco Strategic US ETF 65.0 19 20 7.7 -1.2
HSPX Global X S&P 500 Covered Call ETF 64.0 65 -26 6.3 -2.6
PBP Invesco S&P 500 BuyWrite ETF 63.9 49 -10 6.5 -2.4
EPS WisdomTree U.S. Earnings 500 Fund 62.3 8 31 8.3 -0.7
SPY SPDR S&P 500 ETF Trust 61.9 9 30 6.9 -2.1
SPLG SPDR Portfolio Large Cap ETF 61.8 3 36 7.0 -2.0
IVV iShares Core S&P 500 ETF 61.8 4 35 6.9 -2.0
VOO VANGUARD S&P 500 ETF 61.6 3 36 6.9 -2.0
JHML John Hancock Multifactor Large Cap ETF 60.6 34 5 7.2 -1.7
VV Vanguard Large-Cap Index Fund 60.5 4 35 6.8 -2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 60.2 2 37 6.9 -2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 60.2 20 19 6.9 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 60.0 27 12 6.8 -2.1
SCHX Schwab U.S. Large-Cap ETF 59.8 3 36 6.9 -2.1
SPTM SPDR Portfolio Total Stock Market ETF 59.7 3 36 7.1 -1.8
PBUS Invesco PureBeta MSCI USA ETF 59.5 4 35 6.9 -2.0
VONE Vanguard Russell 1000 ETF 59.2 8 31 6.9 -2.1
IWB iShares Russell 1000 ETF 59.1 15 24 6.8 -2.2
SCHK Schwab 1000 Index ETF 59.0 5 34 6.9 -2.1
SPXT ProShares S&P 500 Ex-Technology ETF 59.0 27 12 7.2 -1.8
IYY iShares Dow Jones U.S. ETF 58.8 20 19 6.8 -2.2
SPYV SPDR Portfolio S&P 500 Value ETF 58.2 4 35 9.0 +0.1
IVE iShares S&P 500 Value ETF 58.2 18 21 8.9 -0.1
VOOV Vanguard S&P 500 Value ETF 58.1 15 24 9.0 +0.0
SCHB Schwab U.S. Broad Market ETF 57.7 3 36 6.9 -2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 57.7 3 36 6.8 -2.2
VTHR Vanguard Russell 3000 Index Fund 57.6 10 29 6.8 -2.2
IWV iShares Russell 3000 ETF 57.6 20 19 6.7 -2.3
VTI Vanguard Total Stock Market Index Fund 57.5 3 36 6.8 -2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 57.1 27 12 6.6 -2.3
SFY SoFi Select 500 ETF 57.1 0 39 6.5 -2.5
IUSV iShares Core S&P U.S. Value ETF 57.0 4 35 9.2 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 56.5 9 30 7.1 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.1 25 14 8.3 -0.6
MGC Vanguard Mega Cap Index Fund 56.0 7 32 6.7 -2.3
CATH Global X S&P 500 Catholic Values Custom ETF 55.9 29 10 6.8 -2.1
SPXN ProShares S&P 500 Ex-Financials ETF 55.4 27 12 6.5 -2.5
AVUS Avantis U.S. Equity ETF 55.2 15 24 7.8 -1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 53.7 20 19 6.5 -2.5
IWL iShares Russell Top 200 ETF 53.6 15 24 6.5 -2.5
DIVB iShares U.S. Dividend & Buyback ETF 53.0 25 14 8.5 -0.4
DTD WisdomTree U.S.Total Dividend Fund 51.3 28 11 8.3 -0.6
SNPE Xtrackers S&P 500 ESG ETF 51.2 11 28 6.7 -2.2
VTV Vanguard Value Index Fund 51.2 4 35 9.0 +0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 50.8 28 11 7.9 -1.0
TOK iShares MSCI Kokusai ETF 50.6 25 14 7.2 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 50.1 29 10 8.0 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 49.7 15 24 7.1 -1.8
VONV Vanguard Russell 1000 Value Index Fund 49.6 8 31 9.0 +0.1
ESGV Vanguard ESG U.S. Stock ETF 49.3 12 27 6.8 -2.2
IWD iShares Russell 1000 Value ETF 49.2 19 20 8.9 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 49.0 15 24 6.5 -2.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.7 12 27 6.5 -2.4
RSP Invesco S&P 500 Equal Weight ETF 48.1 20 19 8.5 -0.5
URTH iShares MSCI World ETF 48.1 24 15 7.3 -1.6
OEF iShares S&P 100 ETF 46.8 20 19 6.2 -2.7
ESG FlexShares STOXX US ESG Impact Index Fund 46.5 32 7 6.6 -2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.5 9 30 7.8 -1.1
RNLC Large Cap US Equity Select ETF 45.4 60 -21 7.8 -1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 45.2 25 14 7.4 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 45.1 4 35 8.8 -0.2
DGRO iShares Core Dividend Growth ETF 44.9 8 31 8.2 -0.7
MGV Vanguard Mega Cap Value ETF 44.8 7 32 8.7 -0.3
IQSU IQ Candriam ESG US Equity ETF 44.7 9 30 6.5 -2.4
ACWI iShares MSCI ACWI ETF 44.5 32 7 7.6 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.4 30 9 7.8 -1.1
ROUS Hartford Multifactor US Equity ETF 44.2 19 20 9.0 +0.0
EUSA iShares MSCI USA Equal Weighted ETF 43.3 15 24 8.1 -0.8
AFLG First Trust Active Factor Large Cap ETF 42.6 55 -16 7.5 -1.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 42.5 20 19 7.9 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 42.1 20 19 7.9 -1.0
SIZE iShares Edge MSCI USA Size Factor ETF 41.8 15 24 8.0 -1.0
IWX iShares Russell Top 200 Value ETF 41.7 20 19 8.6 -0.4
VT Vanguard Total World Stock Index Fund 41.5 8 31 7.9 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 41.4 29 10 10.0 +1.1
EXT WisdomTree U.S. Total Earnings Fund 41.4 28 11 7.4 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.3 15 24 6.7 -2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.8 19 20 7.4 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.6 60 -21 5.8 -3.2
USDY Pacific Global US Equity Income ETF 40.2 29 10 10.2 +1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 39.7 9 30 7.6 -1.3
FVAL Fidelity Value Factor ETF 39.6 29 10 10.6 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 39.3 60 -21 7.7 -1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 39.3 17 22 8.6 -0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.1 19 20 8.0 -0.9
RECS Columbia Research Enhanced Core ETF 38.7 15 24 7.3 -1.6
JVAL JPMorgan U.S. Value Factor ETF 38.6 12 27 11.5 +2.6
CFA Victory CEMP US 500 Volatility Weighted Index ETF 38.4 35 4 7.8 -1.1
VOOG Vanguard S&P 500 Growth ETF 38.3 10 29 5.6 -3.4
SPYG SPDR Portfolio S&P 500 Growth ETF 38.3 4 35 5.6 -3.3
IVW iShares S&P 500 Growth ETF 38.3 18 21 5.5 -3.4
NACP Impact Shares NAACP Minority Empowerment ETF 38.1 75 -36 6.0 -2.9
IUSG iShares Core S&P US Growth ETF 37.9 4 35 5.7 -3.3
SCIU Global X Scientific Beta US ETF 37.8 19 20 7.4 -1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 37.4 75 -36 6.1 -2.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 37.3 42 -3 7.0 -1.9

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 15.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.