Invesco S&P 500 Equal Weight Energy ETF
ALTAR
Score™
3.0% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
34.8x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Energy ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the performance of the S&P Equal Weight Energy Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 01, 2006
Assets (mns) $105
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $30,689
Large cap (>$10bn) 65.3%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARATHON OIL CORP 5.1 %
HOLLYFRONTIER CORP 5.0 %
DIAMONDBACK ENERGY INC 4.9 %
DEVON ENERGY CORPORATION 4.9 %
MARATHON PETROLEUM 4.7 %
OCCIDENTAL PETROLEUM CORP 4.6 %
VALERO ENERGY CORP 4.6 %
EXXON MOBIL CORP 4.5 %
PHILLIPS 66 4.5 %
EOG RESOURCES INC 4.4 %
Total 47.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










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.
28.9% 16.4% 1.4% -4.1% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 2.26 69%
MSCI EAFE 2.35 73%
MSCI Emg. Mkts. 1.96 63%

Technical Indicators
Recent close $40.07
30d moving avg. $36.15
Annualized volatility 50.4%
Short interest (ETF) 0.6%
Short interest (Underlying) 3.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 64
Turnover 2.4%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $6,914

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco S&P 500 Equal Weight Energy ETF ETF based on the alternatives' overlap in portfolio holdings with RYE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYE Expense: 40 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYE
Ticker Fund
Name
Overlap1
vs RYE
(%)
Expense
ratio
(bp)
Savings
vs RYE
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYE
(%)
JHME John Hancock Multifactor Energy ETF 72.0 40 0 3.2 +0.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 62.6 35 5 3.0 +0.0
FXN First Trust Energy AlphaDEX Fund 62.2 65 -25 2.6 -0.4
XLE Energy Select Sector SPDR Fund 61.0 12 28 3.7 +0.6
VDE Vanguard Energy Index Fund 57.2 10 30 3.4 +0.4
IYE iShares U.S. Energy ETF 55.3 42 -2 3.4 +0.3
FENY Fidelity MSCI Energy Index ETF 53.1 8 32 3.4 +0.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 47.0 42 -2 3.2 +0.2
FTXN First Trust Nasdaq Oil & Gas ETF 45.0 60 -20 3.0 0.0
PXE Invesco Dynamic Energy Exploration & Production ETF 44.8 63 -23 3.2 +0.2
FCG First Trust Natural Gas ETF 43.1 60 -20 2.7 -0.3
FRAK VanEck Vectors Unconventional Oil & Gas ETF 42.1 54 -14 2.1 -1.0
IGE iShares North American Natural Resources ETF 39.0 46 -6 3.8 +0.8
IXC iShares Global Energy ETF 36.3 46 -6 5.0 +2.0
PXI Invesco DWA Energy Momentum ETF 31.2 60 -20 -0.6 -3.6
EQRR ProShares Equities for Rising Rates ETF 26.5 35 5 5.6 +2.6
FILL iShares MSCI Global Energy Producers ETF 25.2 39 1 5.3 +2.3
NANR SPDR S&P North American Natural Resources ETF 22.5 35 5 3.7 +0.7
SPHB Invesco S&P 500 High Beta ETF 20.6 25 15 4.9 +1.9
ALTL Pacer Lunt Large Cap Alternator ETF 20.2 60 -20 4.6 +1.6
CRAK VanEck Vectors Oil Refiners ETF 18.4 60 -20 7.2 +4.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 18.0 65 -25 4.3 +1.3
IEZ iShares U.S. Oil Equipment & Services ETF 15.7 42 -2 0.2 -2.9
PXJ Invesco Dynamic Oil & Gas Services ETF 15.7 63 -23 -0.7 -3.8
OIH VanEck Vectors Oil Services ETF 15.7 35 5 -0.8 -3.8
XES SPDR S&P Oil & Gas Equipment & Services ETF 15.7 35 5 -2.2 -5.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 15.6 39 1 7.9 +4.8
SPYD SPDR S&P 500 High Dividend ETF 14.3 7 33 8.5 +5.5
GNR SPDR S&P Global Natural Resources ETF 14.1 40 0 5.6 +2.6
MAGA Point Bridge GOP Stock Tracker ETF 13.9 72 -32 5.2 +2.2
HDV iShares Core High Dividend ETF 13.4 8 32 6.4 +3.4
GBDV Global Beta Smart Income ETF 12.8 29 11 7.8 +4.8
HAP VanEck Vectors Natural Resources ETF 12.0 50 -10 5.0 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 12.0 46 -6 5.4 +2.4
TPYP Tortoise North American Pipeline Fund 11.9 40 0 5.8 +2.8
EINC VanEck Vectors Energy Income ETF 11.9 45 -5 5.2 +2.1
MLPX Global X MLP & Energy Infrastructure ETF 11.9 45 -5 4.8 +1.8
ENFR Alerian Energy Infrastructure ETF 11.9 65 -25 4.6 +1.6
USAI Pacer American Energy Independence ETF 11.9 75 -35 4.5 +1.5
PEY Invesco High Yield Equity Dividend Achievers ETF 11.2 52 -12 7.8 +4.8
VRAI Virtus Real Asset Income ETF 11.1 55 -15 7.0 +4.0
JKI iShares Morningstar Mid-Cap Value ETF 10.6 30 10 6.9 +3.9
SDOG ALPS Sector Dividend Dogs ETF 10.5 40 0 8.1 +5.1
RPV Invesco S&P 500 Pure Value ETF 9.5 35 5 9.1 +6.1
SPDV AAM S&P 500 High Dividend Value ETF 9.3 29 11 7.8 +4.8
DVY iShares Select Dividend ETF 9.1 39 1 7.6 +4.6
GRES IQ Global Resources ETF 8.8 78 -38 5.9 +2.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.8 30 10 7.7 +4.7
GLIF AGFiQ Global Infrastructure ETF 8.7 45 -5 4.8 +1.8
ONEY SPDR Russell 1000 Yield Focus ETF 8.7 20 20 6.3 +3.3
EMLP First Trust North American Energy Infrastructure Fund 8.5 96 -56 5.3 +2.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.4 75 -35 6.0 +3.0
ESGS Columbia Sustainable U.S. Equity Income ETF 8.4 35 5 7.5 +4.5
SPVU Invesco S&P 500 Enhanced Value ETF 8.4 13 27 8.9 +5.9
VLU SPDR S&P 1500 Value Tilt ETF 8.2 12 28 5.9 +2.9
FOVL iShares Focused Value Factor ETF 7.7 25 15 7.4 +4.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 7.7 25 15 5.6 +2.6
IUS Invesco Strategic US ETF 7.6 19 21 5.2 +2.2
FDVV Fidelity Core Dividend ETF 7.6 29 11 6.1 +3.0
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 7.5 49 -9 4.4 +1.4
SCHD Schwab U.S. Dividend Equity ETF 7.4 6 34 7.0 +4.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 7.3 29 11 5.5 +2.5
SYLD Cambria Shareholder Yield ETF 7.3 59 -19 6.7 +3.7
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.3 60 -20 6.9 +3.9
FCPI Fidelity Stocks for Inflation ETF 7.2 29 11 6.3 +3.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.0 25 15 5.5 +2.5
VYM Vanguard High Dividend Yield Index ETF 6.9 6 34 6.8 +3.8
VOOV Vanguard S&P 500 Value ETF 6.7 10 30 6.2 +3.2
TPHD Timothy Plan High Dividend Stock ETF 6.6 52 -12 5.7 +2.6
RWL Invesco S&P 500 Revenue ETF 6.6 39 1 6.1 +3.0
IGF iShares Global Infrastructure ETF 6.5 46 -6 4.6 +1.6
GII SPDR S&P Global Infrastructure ETF 6.5 40 0 4.6 +1.6
DIV Global X SuperDividend US ETF 6.5 46 -6 5.9 +2.9
EQAL Invesco Russell 1000 Equal Weight ETF 6.4 20 20 5.0 +2.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.3 47 -7 5.2 +2.2
PRF Invesco FTSE RAFI US 1000 ETF 6.2 39 1 5.7 +2.7
JDIV JPMorgan U.S. Dividend ETF 5.8 12 28 6.5 +3.5
DIVB iShares U.S. Dividend & Buyback ETF 5.7 25 15 6.0 +3.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.7 19 21 5.2 +2.2
SDY SPDR S&P Dividend ETF 5.7 35 5 6.2 +3.2
AMZA InfraCap MLP ETF 5.6 241 -201 5.2 +2.2
FTA First Trust Large Cap Value AlphaDEX Fund 5.6 60 -20 7.2 +4.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.6 35 5 7.5 +4.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.6 35 5 7.6 +4.5
SPYV SPDR Portfolio S&P 500 Value ETF 5.6 4 36 6.3 +3.3
IVE iShares S&P 500 Value ETF 5.5 18 22 6.1 +3.1
MGV Vanguard Mega Cap Value ETF 5.5 7 33 6.6 +3.6
VTV Vanguard Value Index Fund 5.5 4 36 6.6 +3.5
IWX iShares Russell Top 200 Value ETF 5.5 20 20 6.1 +3.1
FUNL CornerCap Fundametrics Large-Cap ETF 5.3 50 -10 7.2 +4.2
JKF iShares Morningstar Large Cap Value ETF 5.3 25 15 6.9 +3.9
JMIN JPMorgan U.S. Minimum Volatility ETF 5.3 12 28 5.5 +2.5
VONV Vanguard Russell 1000 Value Index Fund 5.2 8 32 6.1 +3.1
VOE Vanguard Mid-Cap Value Index Fund 5.2 7 33 6.3 +3.3
IUSV iShares Core S&P U.S. Value ETF 5.2 4 36 6.3 +3.3
EQWL Invesco Russell Top 200 Equal Weight ETF 5.2 25 15 5.8 +2.8
HLAL Wahed FTSE USA Shariah ETF 5.1 50 -10 4.1 +1.1
QSY WisdomTree U.S. LargeCap Value Fund 5.1 38 2 6.9 +3.9

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

  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

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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 Equal Weight Energy ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.