Invesco S&P 500 Equal Weight Energy ETF
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
41.4x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
7.5%


  • 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 07, 2006
Assets (mns) $38
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 28
Wgt avg mkt cap (mns) $25,529
Large cap (>$10bn) 51.3%
Mid cap ($2-10bn) 44.1%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CABOT OIL & GAS CORP 8.8 %
KINDER MORGAN INC 5.7 %
WILLIAMS COS INC 5.2 %
CHEVRON CORP 5.1 %
EXXON MOBIL CORP 4.5 %
CONCHO RESOURCES INC 4.5 %
HESS CORP 4.4 %
PIONEER NATURAL RESOURCES CO 4.1 %
CONOCOPHILLIPS 4.1 %
HOLLYFRONTIER CORP 4.0 %
Total 50.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
BRITAIN 2.8 %









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.
-57.7% -59.4% -19.5% -7.7% -5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.98 68%
MSCI EAFE 2.09 73%
MSCI Emg. Mkts. 1.58 61%

Technical Indicators
Recent close $18.92
30d moving avg. $27.00
Annualized volatility 36.6%
Short interest (ETF) 2.8%
Short interest (Underlying) 7.6%
Relative strength (RSI) 24

Liquidity measures
Avg. volume (thou.) 90
Turnover 4.5%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $9,715

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.0%


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 75.8 40 0 6.9 +0.9
FXN First Trust Energy AlphaDEX Fund 65.1 65 -25 9.3 +3.3
XLE Energy Select Sector SPDR Fund 58.0 13 27 7.0 +1.0
XOP SPDR S&P Oil & Gas Exploration & Production ETF 53.6 35 5 6.9 +0.9
IYE iShares U.S. Energy ETF 52.5 42 -2 6.7 +0.7
FTXN First Trust Nasdaq Oil & Gas ETF 52.3 60 -20 7.7 +1.7
FENY Fidelity MSCI Energy Index ETF 51.9 8 32 6.6 +0.6
VDE Vanguard Energy Index Fund 51.8 10 30 6.6 +0.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 46.9 42 -2 7.0 +1.0
PXI Invesco DWA Energy Momentum ETF 44.7 60 -20 3.7 -2.3
FRAK VanEck Vectors Unconventional Oil & Gas ETF 40.9 54 -14 4.9 -1.1
IGE iShares North American Natural Resources ETF 39.3 46 -6 6.4 +0.5
PXE Invesco Dynamic Energy Exploration & Production ETF 32.2 63 -23 5.0 -1.0
IXC iShares Global Energy ETF 31.7 46 -6 7.8 +1.8
FCG First Trust Natural Gas ETF 23.7 60 -20 15.9 +9.9
FILL iShares MSCI Global Energy Producers ETF 22.4 39 1 8.7 +2.7
NANR SPDR S&P North American Natural Resources ETF 20.6 35 5 5.7 -0.3
IEZ iShares U.S. Oil Equipment & Services ETF 18.2 42 -2 -4.0 -9.9
OIH VanEck Vectors Oil Services ETF 18.2 35 5 -9.7 -15.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 18.2 35 5 -19.4 -25.4
HDV iShares Core High Dividend ETF 17.9 8 32 8.5 +2.6
EQRR ProShares Equities for Rising Rates ETF 17.0 35 5 12.0 +6.0
PXJ Invesco Dynamic Oil & Gas Services ETF 15.4 63 -23 -4.5 -10.5
CRAK VanEck Vectors Oil Refiners ETF 15.3 60 -20 19.3 +13.4
FDL First Trust Morningstar Dividend Leaders Index Fund 15.2 45 -5 11.3 +5.3
MAGA Point Bridge GOP Stock Tracker ETF 14.2 72 -32 9.6 +3.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.0 39 1 15.3 +9.3
YMLP VanEck Vectors High Income MLP ETF 13.3 45 -5 9.6 +3.6
ENFR Alerian Energy Infrastructure ETF 13.3 55 -15 9.0 +3.0
TPYP Tortoise North American Pipeline Fund 13.3 40 0 8.8 +2.9
MLPX Global X MLP & Energy Infrastructure ETF 13.3 45 -5 8.5 +2.5
USAI Pacer American Energy Independence ETF 13.3 75 -35 7.0 +1.0
GUNR Flexshares Morningstar Global Upstream Natural Resources 12.8 46 -6 8.3 +2.4
HAP VanEck Vectors Natural Resources ETF 12.5 50 -10 8.7 +2.7
RPV Invesco S&P 500 Pure Value ETF 10.6 35 5 17.7 +11.8
GNR SPDR S&P Global Natural Resources ETF 10.5 40 0 9.1 +3.1
EMLP First Trust North American Energy Infrastructure Fund 10.5 95 -55 7.7 +1.7
SLT Salt TruBeta High Exposure ETF 10.2 29 11 12.4 +6.5
SPYD SPDR S&P 500 High Dividend ETF 9.9 7 33 14.5 +8.5
QDIV Global X S&P 500 Quality Dividend ETF 9.9 20 20 11.0 +5.0
SDOG ALPS Sector Dividend Dogs ETF 9.6 40 0 14.2 +8.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.3 30 10 12.0 +6.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.9 38 2 10.4 +4.4
JKF iShares Morningstar Large Cap Value ETF 8.9 25 15 9.8 +3.8
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 8.5 49 -9 11.4 +5.4
FOVL iShares Focused Value Factor ETF 8.5 25 15 14.3 +8.3
PEY Invesco High Yield Equity Dividend Achievers ETF 8.1 53 -13 10.1 +4.1
SPVU Invesco S&P 500 Enhanced Value ETF 8.0 13 27 16.1 +10.1
DHS WisdomTree U.S. High Dividend Fund 7.9 38 2 10.7 +4.8
SPHB Invesco S&P 500 High Beta ETF 7.8 25 15 11.7 +5.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 7.6 7 33 8.6 +2.6
FDVV Fidelity Core Dividend ETF 7.2 29 11 9.9 +3.9
ESGS Columbia Sustainable U.S. Equity Income ETF 7.2 35 5 12.3 +6.3
HLAL Wahed FTSE USA Shariah ETF 7.1 50 -10 6.3 +0.4
DIV Global X SuperDividend US ETF 7.1 45 -5 15.3 +9.3
DVOP Source Dividend Opportunity ETF 7.1 50 -10 11.5 +5.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.1 29 11 8.7 +2.8
OUSA O'Shares FTSE US Quality Dividend ETF 7.1 48 -8 7.2 +1.2
COWZ Pacer US Cash Cows 100 ETF 7.0 49 -9 13.8 +7.8
LVHD Legg Mason Low Volatility High Dividend ETF 7.0 27 13 8.9 +2.9
SYLD Cambria Shareholder Yield ETF 6.9 59 -19 15.4 +9.4
SPDV AAM S&P 500 High Dividend Value ETF 6.7 29 11 14.8 +8.8
USDY Pacific Global US Equity Income ETF 6.6 29 11 10.8 +4.8
IWX iShares Russell Top 200 Value ETF 6.5 20 20 9.0 +3.0
FMK First Trust Mega Cap AlphaDEX Fund 6.5 70 -30 7.2 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 6.4 20 20 7.8 +1.8
FTA First Trust Large Cap Value AlphaDEX Fund 6.4 60 -20 12.3 +6.3
FCPI Fidelity Stocks for Inflation ETF 6.3 29 11 9.4 +3.5
DEW WisdomTree Global High Dividend Fund 6.2 58 -18 11.7 +5.8
PRF Invesco FTSE RAFI US 1000 ETF 6.1 39 1 9.4 +3.4
SYV SPDR MFS Systematic Value Equity ETF 6.1 60 -20 10.0 +4.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.0 19 21 7.7 +1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 6.0 28 12 8.3 +2.3
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 5.9 35 5 11.6 +5.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 5.8 25 15 8.5 +2.5
TPHD Timothy Plan High Dividend Stock ETF 5.8 52 -12 9.5 +3.6
ONEY SPDR Russell 1000 Yield Focus ETF 5.7 20 20 12.2 +6.3
SCHD Schwab U.S. Dividend Equity ETF 5.7 6 34 9.5 +3.5
SFYF SoFi 50 ETF 5.7 29 11 8.5 +2.5
REVS Columbia Research Enhanced Value ETF 5.6 19 21 10.1 +4.1
SPGP Invesco S&P 500 GARP ETF 5.5 35 5 10.9 +4.9
VYM Vanguard High Dividend Yield Index ETF 5.4 6 34 9.2 +3.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 5.4 25 15 8.6 +2.6
VONV Vanguard Russell 1000 Value Index Fund 5.4 8 32 9.5 +3.5
DTD WisdomTree U.S.Total Dividend Fund 5.3 28 12 8.7 +2.7
RWL Invesco S&P 500 Revenue ETF 5.3 39 1 9.3 +3.4
IWD iShares Russell 1000 Value ETF 5.3 19 21 9.4 +3.4
MGV Vanguard Mega Cap Value ETF 5.2 7 33 9.1 +3.1
VOOV Vanguard S&P 500 Value ETF 5.2 15 25 9.4 +3.4
SPYV SPDR Portfolio S&P 500 Value ETF 5.2 4 36 9.4 +3.5
IVE iShares S&P 500 Value ETF 5.2 18 22 9.3 +3.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 5.2 60 -20 9.7 +3.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.1 46 -6 6.9 +0.9
DIVB iShares U.S. Dividend & Buyback ETF 5.1 25 15 8.9 +2.9
KNOW Direxion All Cap Insider Sentiment Shares 5.1 59 -19 7.4 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 5.1 4 36 9.2 +3.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.0 37 3 9.3 +3.3
GII SPDR S&P Global Infrastructure ETF 5.0 40 0 6.9 +0.9
GRES IQ Global Resources ETF 5.0 77 -37 9.4 +3.4
IGF iShares Global Infrastructure ETF 4.9 46 -6 6.9 +0.9

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 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 3.9 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.