Invesco S&P 500 Equal Weight Financials ETF
ALTAR
Score™
11.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.6x P/Sales
ratio
1.3x
P/BV
ratio
0.9x Div.
yield
3.8%


  • 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 07, 2006
Assets (mns) $150
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 67
Wgt avg mkt cap (mns) $41,286
Large cap (>$10bn) 75.7%
Mid cap ($2-10bn) 24.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MSCI INC-A 2.5 %
PROGRESSIVE CORP 2.3 %
NASDAQ OMX GROUP/THE 2.0 %
S&P GLOBAL, INC. 2.0 %
MOODY'S CORP 2.0 %
MARKETAXESS HOLDINGS INC 2.0 %
BLACKROCK INC 2.0 %
INTERCONTINENTALEXCHANGE INC 2.0 %
ARTHUR J GALLAGHER & CO 1.9 %
WILLIS TOWERS WATSON PUBLIC LIMITE 1.9 %
Total 20.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
BRITAIN 3.7 %
SWITZERLAND 1.6 %
BERMUDA 1.6 %







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.
-32.4% -20.3% 2.0% 7.5% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 1.30 83%
MSCI EAFE 1.26 76%
MSCI Emg. Mkts. 0.94 62%

Technical Indicators
Recent close $30.04
30d moving avg. $36.15
Annualized volatility 21.7%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.6%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 118
Turnover 2.4%
Bid/Ask (% of price) 1.83%
ADV underlying (mns) $16,998

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 11.9%


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 58.1 13 27 10.8 -1.1
JHMF John Hancock Multifactor Financials ETF 55.5 40 0 10.7 -1.2
VFH Vanguard Financials Index Fund 53.2 10 30 11.7 -0.2
FNCL Fidelity MSCI Financials Index ETF 52.4 8 32 11.7 -0.2
IEFN iShares Evolved U.S. Financials ETF 48.6 18 22 12.1 +0.2
IYF iShares U.S. Financials ETF 39.3 42 -2 9.3 -2.6
IYG iShares US Financial Services ETF 38.7 42 -2 9.8 -2.1
KCE SPDR S&P Capital Markets ETF 36.4 35 5 10.8 -1.1
FXO First Trust Financials AlphaDEX Fund 36.2 63 -23 13.9 +2.0
KIE SPDR S&P Insurance ETF 34.4 35 5 11.8 -0.1
IXG iShares Global Financials ETF 34.2 46 -6 12.5 +0.6
RPV Invesco S&P 500 Pure Value ETF 30.3 35 5 17.6 +5.8
KBWB Invesco KBW Bank ETF 28.5 35 5 14.1 +2.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 27.7 25 15 7.7 -4.2
CLRG IQ Chaikin U.S. Large Cap ETF 27.3 25 15 11.5 -0.4
IAK iShares U.S. Insurance ETF 26.7 43 -3 12.0 +0.1
KBE SPDR S&P Bank ETF 25.9 35 5 15.5 +3.6
SPVU Invesco S&P 500 Enhanced Value ETF 23.9 13 27 15.9 +4.1
FTXO First Trust Nasdaq Bank ETF 22.8 60 -20 15.0 +3.1
SPYB SPDR S&P 500 Buyback ETF 21.7 35 5 11.6 -0.3
DFNL Davis Select Financial ETF 21.7 64 -24 11.2 -0.7
LGLV SPDR Russell 1000 Low Volatility ETF 21.2 12 28 7.1 -4.8
FTA First Trust Large Cap Value AlphaDEX Fund 21.1 60 -20 12.1 +0.2
PY Principal Shareholder Yield Index ETF 21.1 29 11 12.6 +0.8
PFI Invesco DWA Financial Momentum ETF 19.4 60 -20 8.1 -3.8
NULV Nuveen ESG Large-Cap Value ETF 19.0 35 5 9.3 -2.6
SLT Salt TruBeta High Exposure ETF 18.8 29 11 12.3 +0.4
RDVY First Trust Rising Dividend Achievers ETF 18.3 50 -10 10.1 -1.8
PWV Invesco Dynamic Large Cap Value ETF 17.9 55 -15 10.6 -1.3
USDY Pacific Global US Equity Income ETF 17.8 29 11 10.5 -1.4
IAI iShares U.S. Broker-Dealers ETF 17.5 42 -2 8.5 -3.4
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 17.5 35 5 11.3 -0.6
IAT iShares U.S. Regional Banks ETF 17.5 42 -2 15.1 +3.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 17.3 49 -9 11.2 -0.7
SPHB Invesco S&P 500 High Beta ETF 17.1 25 15 11.4 -0.5
IWX iShares Russell Top 200 Value ETF 16.5 20 20 8.7 -3.2
KBWP Invesco KBW Property & Casualty Insurance ETF 16.5 35 5 8.5 -3.4
PKW Invesco Buyback Achievers ETF 16.5 62 -22 9.4 -2.5
VONV Vanguard Russell 1000 Value Index Fund 16.4 8 32 9.3 -2.6
VOOV Vanguard S&P 500 Value ETF 16.3 15 25 9.2 -2.7
SPYV SPDR Portfolio S&P 500 Value ETF 16.3 4 36 9.2 -2.7
SPGP Invesco S&P 500 GARP ETF 16.3 35 5 10.7 -1.2
IVE iShares S&P 500 Value ETF 16.3 18 22 9.1 -2.8
KRE SPDR S&P Regional Banking ETF 16.2 35 5 15.6 +3.7
VLU SPDR S&P 1500 Value Tilt ETF 16.2 12 28 9.6 -2.3
QDIV Global X S&P 500 Quality Dividend ETF 16.0 20 20 10.8 -1.1
IWD iShares Russell 1000 Value ETF 16.0 19 21 9.1 -2.8
VTV Vanguard Value Index Fund 15.8 4 36 9.1 -2.8
SPLV Invesco S&P 500 Low Volatility ETF 15.8 25 15 6.7 -5.2
IUSV iShares Core S&P U.S. Value ETF 15.6 4 36 9.4 -2.5
MGV Vanguard Mega Cap Value ETF 15.3 7 33 8.8 -3.1
RAFE PIMCO RAFI ESG U.S. ETF 15.2 29 11 10.3 -1.6
VETS Pacer Military Times Best Employers ETF 15.0 60 -20 8.5 -3.4
MAGA Point Bridge GOP Stock Tracker ETF 14.9 72 -32 9.4 -2.5
DIVB iShares U.S. Dividend & Buyback ETF 14.7 25 15 8.8 -3.1
EPS WisdomTree U.S. Earnings 500 Fund 14.5 8 32 8.5 -3.4
DGRO iShares Core Dividend Growth ETF 14.4 8 32 8.4 -3.5
PSET Principal Price Setters Index ETF 14.2 29 11 7.1 -4.8
PRF Invesco FTSE RAFI US 1000 ETF 14.1 39 1 9.2 -2.7
JKF iShares Morningstar Large Cap Value ETF 14.0 25 15 9.5 -2.4
SPXT ProShares S&P 500 Ex-Technology ETF 13.9 27 13 7.3 -4.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.9 15 25 8.9 -3.0
CVY Invesco Zacks Multi-Asset Income ETF 13.6 97 -57 18.3 +6.4
FEX First Trust Large Cap Core AlphaDEX Fund 13.6 60 -20 8.1 -3.8
SCHV Schwab U.S. Large-Cap Value ETF 13.5 4 36 9.0 -2.9
ESGS Columbia Sustainable U.S. Equity Income ETF 13.4 35 5 12.1 +0.2
EQRR ProShares Equities for Rising Rates ETF 13.3 35 5 11.7 -0.2
VOE Vanguard Mid-Cap Value Index Fund 13.2 7 33 10.8 -1.1
TTFS AdvisorShares Wilshire Buyback ETF 13.2 91 -51 8.1 -3.8
FTCS First Trust Capital Strength ETF 13.0 60 -20 6.1 -5.8
SYV SPDR MFS Systematic Value Equity ETF 13.0 60 -20 9.8 -2.1
GARD Reality Shares DIVCON Dividend Guard ETF 13.0 129 -89 4.7 -7.2
SYLD Cambria Shareholder Yield ETF 12.9 59 -19 15.3 +3.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 12.8 49 -9 7.6 -4.3
DEF Invesco Defensive Equity ETF 12.8 55 -15 6.4 -5.5
REVS Columbia Research Enhanced Value ETF 12.8 19 21 9.9 -2.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 12.8 49 -9 8.1 -3.8
SPYD SPDR S&P 500 High Dividend ETF 12.7 7 33 14.3 +2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 12.7 27 13 6.8 -5.1
LEAD Reality Shares DIVCON Leaders Dividend ETF 12.6 43 -3 5.7 -6.2
JKI iShares Morningstar Mid-Cap Value ETF 12.5 30 10 13.5 +1.6
QVM Arrow QVM Equity Factor ETF 12.4 65 -25 14.5 +2.6
EQWL Invesco Russell Top 200 Equal Weight ETF 12.4 25 15 7.5 -4.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 12.1 17 23 9.0 -2.9
FMK First Trust Mega Cap AlphaDEX Fund 12.1 70 -30 7.0 -4.9
AUSF Global X Adaptive U.S. Factor ETF 12.0 27 13 10.5 -1.4
RSP Invesco S&P 500 Equal Weight ETF 12.0 20 20 8.8 -3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.0 25 15 8.3 -3.6
VYM Vanguard High Dividend Yield Index ETF 11.9 6 34 8.9 -3.0
HSPX Global X S&P 500 Covered Call ETF 11.9 65 -25 6.2 -5.7
VEGN US Vegan Climate ETF 11.8 60 -20 7.1 -4.8
FAB First Trust Multi Cap Value AlphaDEX Fund 11.8 71 -31 13.3 +1.4
PBP Invesco S&P 500 BuyWrite ETF 11.8 49 -9 6.5 -5.4
VFVA Vanguard U.S. Value Factor ETF 11.8 13 27 16.5 +4.6
RWL Invesco S&P 500 Revenue ETF 11.5 39 1 9.2 -2.7
FLLV Franklin Liberty U.S. Low Volatility ETF 11.5 29 11 7.1 -4.8
KRMA Global X Conscious Companies ETF 11.4 43 -3 7.3 -4.6
DLN WisdomTree U.S. LargeCap Dividend Fund 11.4 28 12 8.0 -3.9
QSY WisdomTree U.S. LargeCap Value Fund 11.4 38 2 9.6 -2.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 11.3 15 25 6.9 -5.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 10.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 11.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.