Invesco S&P 500 Equal Weight Health Care ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.8x P/Sales
ratio
1.3x
P/BV
ratio
3.7x Div.
yield
0.8%


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

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 01, 2006
Assets (mns) $795
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 63
Wgt avg mkt cap (mns) $67,691
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ABIOMED INC 2.0 %
ALEXION PHARMACEUTICALS INC 2.0 %
ELI LILLY & CO 1.9 %
CATALENT INC 1.8 %
INCYTE CORP 1.8 %
ILLUMINA INC 1.8 %
WATERS CORP 1.7 %
WEST PHARMACEUTICAL SERVICES 1.7 %
ZIMMER HOLDINGS INC 1.7 %
LABORATORY CRP OF AMER HLDGS 1.7 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.1 %
IRELAND 4.4 %
BRITAIN 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.8% 18.8% 11.8% 16.1% 13.1%

Market Correlations
versus... Beta R-squared
S&P500 0.89 81%
MSCI EAFE 0.79 64%
MSCI Emg. Mkts. 0.68 61%

Technical Indicators
Recent close $270.39
30d moving avg. $264.28
Annualized volatility 18.5%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $24,288

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RYH Expense: 40 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYH
Ticker Fund
Name
Overlap1
vs RYH
(%)
Expense
ratio
(bp)
Savings
vs RYH
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYH
(%)
JHMH John Hancock Multifactor Healthcare ETF 65.1 40 0 5.8 -0.6
XLV Health Care Select Sector SPDR Fund 58.8 13 27 6.9 +0.5
IYH iShares U.S. Healthcare ETF 54.4 43 -3 5.9 -0.5
VHT Vanguard Health Care Index Fund 53.8 10 30 5.1 -1.3
FHLC Fidelity MSCI Health Care Index ETF 52.6 8 32 5.2 -1.2
FXH First Trust Health Care AlphaDEX Fund 48.8 62 -22 4.6 -1.7
IXJ iShares Global Healthcare ETF 47.8 46 -6 6.1 -0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 45.7 18 22 5.0 -1.4
IHI iShares U.S. Medical Devices ETF 30.4 42 -2 3.1 -3.3
LNGR Global X Longevity Thematic ETF 28.8 50 -10 2.9 -3.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 28.4 25 15 5.8 -0.5
XHE SPDR S&P Health Care Equipment ETF 28.2 35 5 0.5 -5.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.5 68 -28 0.8 -5.5
SPLV Invesco S&P 500 Low Volatility ETF 26.2 25 15 5.5 -0.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 24.8 18 22 3.6 -2.8
XHS SPDR S&P Health Care Services ETF 23.2 35 5 3.6 -2.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 21.1 60 -20 4.4 -2.0
JMIN JPMorgan U.S. Minimum Volatility ETF 20.2 12 28 5.3 -1.1
JOET Virtus Terranova US Quality Momentum ETF 19.9 29 11 4.6 -1.8
DEF Invesco Defensive Equity ETF 19.9 55 -15 5.2 -1.2
RPG Invesco S&P 500 Pure Growth ETF 19.8 35 5 2.7 -3.6
HLAL Wahed FTSE USA Shariah ETF 19.8 50 -10 3.8 -2.6
MGV Vanguard Mega Cap Value ETF 19.7 7 33 6.5 +0.1
VIRS Pacer BioThreat Strategy ETF 19.3 70 -30 4.7 -1.7
PJP Invesco Dynamic Pharmaceuticals ETF 19.3 56 -16 8.7 +2.3
SPHQ Invesco S&P 500 Quality ETF 18.8 15 25 4.4 -2.0
PPH VanEck Vectors Pharmaceutical ETF 18.7 36 4 10.4 +4.0
USMV iShares Edge MSCI Min Vol USA ETF 18.5 15 25 5.3 -1.1
GBLO Global Beta Low Beta ETF 18.4 29 11 7.2 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 18.3 27 13 4.9 -1.5
VTV Vanguard Value Index Fund 18.3 4 36 6.6 +0.2
ESGV Vanguard ESG U.S. Stock ETF 18.1 12 28 4.5 -1.9
SPVM Invesco S&P 500 Value with Momentum ETF 17.7 39 1 7.8 +1.4
VOOV Vanguard S&P 500 Value ETF 17.6 10 30 6.6 +0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 17.6 30 10 4.6 -1.8
RWL Invesco S&P 500 Revenue ETF 17.3 39 1 6.3 -0.1
FTXH First Trust Nasdaq Pharmaceuticals ETF 17.1 60 -20 4.4 -2.0
PSET Principal Price Setters Index ETF 17.0 15 25 4.6 -1.7
IHF iShares U.S. Healthcare Providers ETF 16.8 42 -2 6.5 +0.1
FCPI Fidelity Stocks for Inflation ETF 16.6 29 11 5.7 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.4 17 23 6.1 -0.3
SIXA 6 Meridian Mega Cap Equity ETF 16.3 82 -42 5.8 -0.5
COWZ Pacer US Cash Cows 100 ETF 16.3 49 -9 10.1 +3.8
QUS SPDR MSCI USA StrategicFactors ETF 16.2 15 25 5.3 -1.1
DSTL Distillate US Fundamental Stability & Value ETF 16.0 39 1 5.7 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.7 60 -20 3.6 -2.8
SPMO Invesco S&P 500 Momentum ETF 15.6 13 27 3.8 -2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 15.5 49 -9 3.4 -3.0
SPXN ProShares S&P 500 Ex-Financials ETF 15.5 27 13 4.3 -2.0
BBH VanEck Vectors Biotech ETF 15.3 35 5 3.9 -2.5
FBT First Trust NYSE Arca Biotechnology Index Fund 15.3 55 -15 -1.4 -7.8
EQWL Invesco Russell Top 200 Equal Weight ETF 15.3 25 15 5.6 -0.7
SPYV SPDR Portfolio S&P 500 Value ETF 15.3 4 36 6.5 +0.1
IVE iShares S&P 500 Value ETF 15.3 18 22 6.3 -0.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 15.2 60 -20 3.6 -2.8
FLQL Franklin LibertyQ U.S. Equity ETF 15.2 15 25 5.9 -0.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 15.1 34 6 4.3 -2.1
QGRO American Century STOXX U.S. Quality Growth ETF 15.0 29 11 3.7 -2.7
EPS WisdomTree U.S. Earnings 500 Fund 15.0 8 32 5.9 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 14.8 19 21 5.3 -1.1
VALQ American Century STOXX U.S. Quality Value ETF 14.7 29 11 7.8 +1.4
SPGP Invesco S&P 500 GARP ETF 14.7 34 6 6.2 -0.1
NULV Nuveen ESG Large-Cap Value ETF 14.6 35 5 6.1 -0.3
JKF iShares Morningstar Large Cap Value ETF 14.6 25 15 6.7 +0.3
LSLT Salt Low truBeta US Market ETF 14.5 60 -20 5.7 -0.7
FDLO Fidelity Low Volatility Factor ETF 14.5 29 11 4.9 -1.4
IQSU IQ Candriam ESG US Equity ETF 14.5 9 31 4.5 -1.9
IWX iShares Russell Top 200 Value ETF 14.4 20 20 6.1 -0.3
IUSV iShares Core S&P U.S. Value ETF 14.4 4 36 6.5 +0.1
JKD iShares Morningstar Large-Cap ETF 14.3 20 20 4.7 -1.6
SFY SoFi Select 500 ETF 14.2 0 40 4.6 -1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 14.2 75 -35 3.5 -2.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.1 9 31 4.8 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.1 20 20 4.8 -1.6
PBP Invesco S&P 500 BuyWrite ETF 14.1 49 -9 4.3 -2.1
LRGF iShares Edge MSCI Multifactor USA ETF 14.0 20 20 6.1 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.0 15 25 0.0 -6.4
IHE iShares U.S. Pharmaceuticals ETF 14.0 42 -2 5.9 -0.5
XPH SPDR S&P Pharmaceuticals ETF 14.0 35 5 2.8 -3.5
FQAL Fidelity Quality Factor ETF 14.0 29 11 5.0 -1.4
MGC Vanguard Mega Cap Index Fund 13.9 7 33 4.6 -1.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 13.9 15 25 4.7 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 13.9 0 40 4.4 -1.9
EFIV SPDR S&P 500 ESG ETF 13.9 10 30 4.6 -1.8
IWL iShares Russell Top 200 ETF 13.8 15 25 4.4 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 13.8 27 13 4.6 -1.8
SNPE Xtrackers S&P 500 ESG ETF 13.8 10 30 4.6 -1.8
CLRG IQ Chaikin U.S. Large Cap ETF 13.8 25 15 5.0 -1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 13.8 60 -20 4.4 -2.0
CATH Global X S&P 500 Catholic Values Custom ETF 13.8 29 11 4.6 -1.8
FLLV Franklin Liberty U.S. Low Volatility ETF 13.8 29 11 4.9 -1.4
ROUS Hartford Multifactor US Equity ETF 13.7 19 21 5.8 -0.5
RAFE PIMCO RAFI ESG U.S. ETF 13.7 30 10 6.7 +0.4
XVV iShares ESG Screened S&P 500 ETF 13.7 8 32 4.9 -1.5
KRMA Global X Conscious Companies ETF 13.6 43 -3 4.8 -1.5
BMED BlackRock Future Health ETF 13.6 85 -45 -0.9 -7.3
DGRO iShares Core Dividend Growth ETF 13.6 8 32 6.0 -0.4
SPY SPDR S&P 500 ETF Trust 13.6 9 31 4.7 -1.7

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 Health Care 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 21.3 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.49
 
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.