Invesco S&P 500 Equal Weight Financials ETF
ALTAR
Score™
9.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.6x P/Sales
ratio
1.6x
P/BV
ratio
1.0x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Financial 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 Financial Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 01, 2006
Assets (mns) $154
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 66
Wgt avg mkt cap (mns) $45,519
Large cap (>$10bn) 84.1%
Mid cap ($2-10bn) 15.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CINCINNATI FINANCIAL CORP 1.9 %
PROGRESSIVE CORP 1.8 %
MSCI INC-A 1.7 %
T ROWE PRICE GROUP INC 1.7 %
NASDAQ OMX GROUP/THE 1.7 %
ARTHUR J GALLAGHER & CO 1.7 %
MARSH & MCLENNAN COS 1.7 %
S&P GLOBAL, INC. 1.7 %
AON PLC 1.7 %
BLACKROCK INC 1.6 %
Total 17.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
BRITAIN 3.3 %
BERMUDA 1.5 %
SWITZERLAND 1.5 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.0% -11.7% 5.9% 10.3% 2.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 86%
MSCI EAFE 1.32 83%
MSCI Emg. Mkts. 0.91 65%

Technical Indicators
Recent close $38.50
30d moving avg. $37.80
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $18,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P 500 Equal Weight Financials ETF ETF based on the alternatives' overlap in portfolio holdings with RYF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYF Expense: 40 bp ALTAR Score™: 9.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYF
Ticker Fund
Name
Overlap1
vs RYF
(%)
Expense
ratio
(bp)
Savings
vs RYF
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYF
(%)
XLF Financial Select Sector SPDR Fund 58.0 13 27 8.1 -1.4
JHMF John Hancock Multifactor Financials ETF 56.2 40 0 7.6 -2.0
FNCL Fidelity MSCI Financials Index ETF 52.8 8 32 8.7 -0.9
VFH Vanguard Financials Index Fund 52.1 10 30 8.7 -0.9
IEFN iShares Evolved U.S. Financials ETF 49.3 18 22 9.2 -0.4
FXO First Trust Financials AlphaDEX Fund 45.1 63 -23 12.3 +2.7
IYF iShares U.S. Financials ETF 40.8 42 -2 7.0 -2.6
IYG iShares US Financial Services ETF 38.6 42 -2 6.9 -2.7
IXG iShares Global Financials ETF 36.5 46 -6 10.0 +0.4
KIE SPDR S&P Insurance ETF 34.8 35 5 9.6 +0.0
KCE SPDR S&P Capital Markets ETF 32.2 35 5 8.9 -0.6
KBWB Invesco KBW Bank ETF 31.6 35 5 10.3 +0.7
RPV Invesco S&P 500 Pure Value ETF 31.0 35 5 10.9 +1.3
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 31.0 49 -9 9.0 -0.5
ALTL Pacer Lunt Large Cap Alternator ETF 30.9 60 -20 9.0 -0.6
SPHB Invesco S&P 500 High Beta ETF 30.9 25 15 9.1 -0.5
KBE SPDR S&P Bank ETF 28.7 35 5 11.4 +1.8
SPVU Invesco S&P 500 Enhanced Value ETF 27.2 13 27 11.4 +1.8
IAK iShares U.S. Insurance ETF 27.2 43 -3 9.2 -0.3
FTXO First Trust Nasdaq Bank ETF 25.9 60 -20 9.0 -0.6
SPGP Invesco S&P 500 GARP ETF 25.5 35 5 6.9 -2.7
SPVM Invesco S&P 500 Value with Momentum ETF 24.5 39 1 8.8 -0.8
DFNL Davis Select Financial ETF 24.2 64 -24 8.4 -1.2
FTA First Trust Large Cap Value AlphaDEX Fund 23.0 60 -20 9.2 -0.4
QDIV Global X S&P 500 Quality Dividend ETF 22.4 20 20 7.5 -2.1
PWV Invesco Dynamic Large Cap Value ETF 20.4 55 -15 8.7 -0.9
IAT iShares U.S. Regional Banks ETF 20.0 42 -2 11.2 +1.6
SLT Salt TruBeta High Exposure ETF 19.5 29 11 9.0 -0.6
RDVY First Trust Rising Dividend Achievers ETF 19.3 50 -10 7.7 -1.9
PY Principal Shareholder Yield Index ETF 19.0 29 11 9.0 -0.6
ESGS Columbia Sustainable U.S. Equity Income ETF 18.9 35 5 8.3 -1.3
DVY iShares Select Dividend ETF 18.9 39 1 9.4 -0.1
CVY Invesco Zacks Multi-Asset Income ETF 18.9 97 -57 11.3 +1.7
KRE SPDR S&P Regional Banking ETF 18.7 35 5 11.2 +1.6
VLU SPDR S&P 1500 Value Tilt ETF 17.0 12 28 7.2 -2.4
NULV Nuveen ESG Large-Cap Value ETF 16.9 35 5 7.2 -2.4
RAFE PIMCO RAFI ESG U.S. ETF 16.9 29 11 7.5 -2.0
PKW Invesco Buyback Achievers ETF 16.2 62 -22 6.6 -3.0
SPYV SPDR Portfolio S&P 500 Value ETF 16.0 4 36 7.3 -2.3
IVE iShares S&P 500 Value ETF 16.0 18 22 7.1 -2.5
VOOV Vanguard S&P 500 Value ETF 16.0 15 25 7.1 -2.4
KBWP Invesco KBW Property & Casualty Insurance ETF 15.9 35 5 6.8 -2.7
IWX iShares Russell Top 200 Value ETF 15.6 20 20 6.7 -2.9
SCHD Schwab U.S. Dividend Equity ETF 15.4 6 34 7.9 -1.7
VTV Vanguard Value Index Fund 15.4 4 36 7.3 -2.3
DIVB iShares U.S. Dividend & Buyback ETF 15.4 25 15 6.4 -3.2
JKI iShares Morningstar Mid-Cap Value ETF 15.2 30 10 8.9 -0.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 15.2 35 5 8.4 -1.2
IUSV iShares Core S&P U.S. Value ETF 15.2 4 36 7.3 -2.3
MGV Vanguard Mega Cap Value ETF 15.1 7 33 7.2 -2.4
DGRO iShares Core Dividend Growth ETF 15.1 8 32 6.5 -3.1
IAI iShares U.S. Broker-Dealers ETF 15.1 42 -2 7.0 -2.6
VETS Pacer Military Times Best Employers ETF 15.1 60 -20 6.8 -2.7
SPYD SPDR S&P 500 High Dividend ETF 14.9 7 33 10.5 +0.9
VONV Vanguard Russell 1000 Value Index Fund 14.7 8 32 6.9 -2.7
MAGA Point Bridge GOP Stock Tracker ETF 14.7 72 -32 6.3 -3.3
IWD iShares Russell 1000 Value ETF 14.7 19 21 6.8 -2.8
LGLV SPDR Russell 1000 Low Volatility ETF 14.6 12 28 5.5 -4.1
EQRR ProShares Equities for Rising Rates ETF 14.6 35 5 6.8 -2.8
EQWL Invesco Russell Top 200 Equal Weight ETF 14.2 25 15 6.0 -3.6
CLRG IQ Chaikin U.S. Large Cap ETF 14.1 25 15 5.8 -3.8
EPS WisdomTree U.S. Earnings 500 Fund 14.1 8 32 6.3 -3.3
FEX First Trust Large Cap Core AlphaDEX Fund 14.1 60 -20 5.8 -3.7
VYM Vanguard High Dividend Yield Index ETF 13.9 6 34 7.3 -2.2
USDY Pacific Global US Equity Income ETF 13.7 29 11 7.1 -2.5
TTFS AdvisorShares Wilshire Buyback ETF 13.4 91 -51 6.0 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 13.4 39 1 6.6 -3.0
FDL First Trust Morningstar Dividend Leaders Index Fund 13.4 45 -5 10.0 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 13.3 4 36 7.1 -2.5
SPXT ProShares S&P 500 Ex-Technology ETF 13.3 27 13 5.4 -4.1
JKF iShares Morningstar Large Cap Value ETF 13.3 25 15 7.5 -2.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.2 15 25 6.7 -2.9
FOVL iShares Focused Value Factor ETF 13.1 25 15 10.1 +0.5
VFVA Vanguard U.S. Value Factor ETF 13.1 14 26 11.0 +1.4
VOE Vanguard Mid-Cap Value Index Fund 12.9 7 33 7.6 -2.0
RSP Invesco S&P 500 Equal Weight ETF 12.7 20 20 6.5 -3.1
RWL Invesco S&P 500 Revenue ETF 12.7 39 1 7.0 -2.6
FVL First Trust Value Line 100 Exchange-Traded Fund 12.6 70 -30 4.5 -5.0
FAB First Trust Multi Cap Value AlphaDEX Fund 12.6 71 -31 9.7 +0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.5 29 11 7.8 -1.7
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 12.5 59 -19 3.4 -6.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.1 25 15 6.2 -3.3
SYV SPDR MFS Systematic Value Equity ETF 12.1 60 -20 7.3 -2.3
KLCD KFA Large Cap Quality Dividend Index ETF 12.0 41 -1 5.1 -4.5
SCIU Global X Scientific Beta US ETF 11.9 19 21 5.6 -4.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 11.8 35 5 8.4 -1.1
REVS Columbia Research Enhanced Value ETF 11.6 19 21 7.3 -2.3
SYLD Cambria Shareholder Yield ETF 11.6 59 -19 8.9 -0.6
MOAT VanEck Vectors Morningstar Wide Moat ETF 11.5 49 -9 6.3 -3.3
SPXV ProShares S&P 500 Ex-Health Care ETF 11.5 27 13 4.8 -4.8
QLC FlexShares US Quality Large Cap Index Fund 11.5 32 8 5.2 -4.3
DUSA Davis Select U.S. Equity ETF 11.5 63 -23 6.0 -3.6
DLN WisdomTree U.S. LargeCap Dividend Fund 11.5 28 12 6.3 -3.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 11.4 30 10 9.7 +0.1
FLV American Century Focused Large Cap Value ETF 11.4 42 -2 6.4 -3.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 11.4 49 -9 5.0 -4.6
PFI Invesco DWA Financial Momentum ETF 11.3 60 -20 5.2 -4.4
KRMA Global X Conscious Companies ETF 11.3 43 -3 5.0 -4.5
FVD First Trust Value Line Dividend Index Fund 11.2 70 -30 6.2 -3.4

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 Financials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.52
 
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.