Invesco S&P 500 Equal Weight Health Care ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.0x P/Sales
ratio
1.1x
P/BV
ratio
3.4x Div.
yield
0.9%


  • 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) $739
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) $64,194
Large cap (>$10bn) 94.0%
Mid cap ($2-10bn) 6.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALIGN TECHNOLOGY INC 2.2 %
ANTHEM INC 1.8 %
CENTENE CORP 1.8 %
IDEXX LABORATORIES INC 1.8 %
STERIS PLC 1.7 %
ALEXION PHARMACEUTICALS INC 1.7 %
QUEST DIAGNOSTICS 1.7 %
BIO-RAD LABORATORIES-CL A 1.7 %
LABORATORY CRP OF AMER HLDGS 1.7 %
CATALENT INC 1.7 %
Total 18.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
IRELAND 4.8 %
BRITAIN 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.8% 20.9% 11.5% 15.8% 12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.90 80%
MSCI EAFE 0.89 64%
MSCI Emg. Mkts. 0.67 57%

Technical Indicators
Recent close $246.29
30d moving avg. $237.72
Annualized volatility 17.9%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $19,377

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.7%


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 64.8 40 0 6.0 -0.6
XLV Health Care Select Sector SPDR Fund 58.7 13 27 7.1 +0.4
IYH iShares U.S. Healthcare ETF 54.6 43 -3 6.1 -0.5
FHLC Fidelity MSCI Health Care Index ETF 53.3 8 32 5.4 -1.2
VHT Vanguard Health Care Index Fund 52.7 10 30 5.3 -1.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 51.8 60 -20 6.3 -0.4
FXH First Trust Health Care AlphaDEX Fund 49.8 62 -22 3.9 -2.8
IXJ iShares Global Healthcare ETF 47.7 46 -6 6.4 -0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 47.3 18 22 5.3 -1.3
XHE SPDR S&P Health Care Equipment ETF 31.0 35 5 1.6 -5.1
IHI iShares U.S. Medical Devices ETF 30.6 42 -2 3.1 -3.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 30.1 25 15 5.7 -1.0
GDNA Goldman Sachs Motif Human Evolution ETF 28.7 50 -10 0.5 -6.1
LNGR Global X Longevity Thematic ETF 28.3 50 -10 3.2 -3.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.0 68 -28 0.1 -6.5
ALTL Pacer Lunt Large Cap Alternator ETF 25.0 60 -20 5.1 -1.6
SPLV Invesco S&P 500 Low Volatility ETF 25.0 25 15 5.4 -1.3
XHS SPDR S&P Health Care Services ETF 24.6 35 5 4.0 -2.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 23.5 18 22 3.3 -3.4
JKD iShares Morningstar Large-Cap ETF 22.8 20 20 5.5 -1.2
HLAL Wahed FTSE USA Shariah ETF 20.9 50 -10 4.3 -2.3
MTUM iShares MSCI USA Momentum Factor ETF 20.6 15 25 4.1 -2.6
PJP Invesco Dynamic Pharmaceuticals ETF 19.5 56 -16 12.8 +6.2
MGV Vanguard Mega Cap Value ETF 19.3 7 33 7.1 +0.4
DEF Invesco Defensive Equity ETF 19.2 55 -15 5.1 -1.6
VOOV Vanguard S&P 500 Value ETF 19.1 10 30 7.1 +0.4
GBLO Global Beta Low Beta ETF 19.1 29 11 7.2 +0.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 18.9 60 -20 3.6 -3.0
SPXT ProShares S&P 500 Ex-Technology ETF 18.9 27 13 5.3 -1.3
IVE iShares S&P 500 Value ETF 18.3 18 22 7.0 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 18.3 4 36 7.1 +0.5
PPH VanEck Vectors Pharmaceutical ETF 18.3 36 4 11.2 +4.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 18.2 60 -20 11.6 +4.9
JMIN JPMorgan U.S. Minimum Volatility ETF 18.1 12 28 5.4 -1.3
VIRS Pacer BioThreat Strategy ETF 18.1 70 -30 4.5 -2.2
IHF iShares U.S. Healthcare Providers ETF 18.1 42 -2 7.2 +0.5
VTV Vanguard Value Index Fund 18.0 4 36 7.1 +0.5
PWB Invesco Dynamic Large Cap Growth ETF 18.0 56 -16 3.2 -3.5
IUSV iShares Core S&P U.S. Value ETF 17.4 4 36 7.2 +0.6
RWL Invesco S&P 500 Revenue ETF 17.3 39 1 7.0 +0.3
FVL First Trust Value Line 100 Exchange-Traded Fund 17.1 70 -30 5.2 -1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 17.0 30 10 4.6 -2.1
PTH Invesco DWA Healthcare Momentum ETF 16.7 60 -20 -4.9 -11.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.6 17 23 6.6 -0.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 16.6 60 -20 3.0 -3.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.5 49 -9 3.9 -2.8
FCPI Fidelity Stocks for Inflation ETF 16.5 29 11 6.2 -0.5
PSET Principal Price Setters Index ETF 16.4 15 25 4.7 -1.9
FTLB First Trust Hedged BuyWrite Income ETF 16.1 85 -45 4.8 -1.9
FTHI First Trust High Income ETF 16.1 85 -45 4.8 -1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.9 60 -20 3.9 -2.7
SPXN ProShares S&P 500 Ex-Financials ETF 15.9 27 13 4.7 -1.9
BMED BlackRock Future Health ETF 15.8 85 -45 -1.1 -7.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.8 30 10 6.4 -0.3
COWZ Pacer US Cash Cows 100 ETF 15.7 49 -9 11.3 +4.7
DSTL Distillate US Fundamental Stability & Value ETF 15.6 39 1 5.9 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 15.6 15 25 5.4 -1.3
LRGF iShares Edge MSCI Multifactor USA ETF 15.5 20 20 7.0 +0.3
FUNL CornerCap Fundametrics Large-Cap ETF 15.5 50 -10 8.0 +1.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 15.4 43 -3 4.3 -2.4
SPMO Invesco S&P 500 Momentum ETF 15.4 13 27 3.9 -2.8
FTC First Trust Large Cap Growth AlphaDEX Fund 15.4 61 -21 2.6 -4.0
SPHQ Invesco S&P 500 Quality ETF 15.3 15 25 4.4 -2.2
RNLC Large Cap US Equity Select ETF 15.3 60 -20 5.9 -0.8
VALQ American Century STOXX U.S. Quality Value ETF 15.3 29 11 8.7 +2.0
FTCS First Trust Capital Strength ETF 15.3 58 -18 4.7 -2.0
IWX iShares Russell Top 200 Value ETF 15.2 20 20 6.6 -0.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.9 34 6 4.5 -2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 14.9 19 21 5.8 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.8 9 31 5.3 -1.3
EQWL Invesco Russell Top 200 Equal Weight ETF 14.8 25 15 6.1 -0.6
HSPX Global X S&P 500 Covered Call ETF 14.8 60 -20 4.7 -1.9
AFLG First Trust Active Factor Large Cap ETF 14.6 55 -15 5.2 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 14.5 15 25 5.6 -1.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 14.4 49 -9 4.8 -1.9
QVAL Alpha Architect U.S. Quantitative Value ETF 14.3 49 -9 10.4 +3.8
PBP Invesco S&P 500 BuyWrite ETF 14.3 49 -9 4.7 -1.9
SFY SoFi Select 500 ETF 14.3 0 40 4.9 -1.7
XYLG Global X S&P 500 Covered Call & Growth ETF 14.3 60 -20 4.8 -1.9
SPXE ProShares S&P 500 Ex-Energy ETF 14.2 27 13 5.0 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.2 20 20 5.1 -1.6
ESGV Vanguard ESG U.S. Stock ETF 14.2 12 28 4.9 -1.8
FDLO Fidelity Low Volatility Factor ETF 14.1 29 11 5.1 -1.6
QLC FlexShares US Quality Large Cap Index Fund 14.1 32 8 5.0 -1.7
FLLV Franklin Liberty U.S. Low Volatility ETF 14.1 29 11 5.3 -1.3
IWL iShares Russell Top 200 ETF 14.1 15 25 4.7 -1.9
NULG Nuveen ESG Large-Cap Growth ETF 14.1 35 5 3.6 -3.1
CLRG IQ Chaikin U.S. Large Cap ETF 14.1 25 15 5.6 -1.1
SPY SPDR S&P 500 ETF Trust 14.1 9 31 5.1 -1.6
IVV iShares Core S&P 500 ETF 14.1 3 37 5.1 -1.5
SPLG SPDR Portfolio Large Cap ETF 14.0 3 37 5.1 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 14.0 12 28 4.5 -2.2
EFIV SPDR S&P 500 ESG ETF 14.0 10 30 4.9 -1.8
SNPE Xtrackers S&P 500 ESG ETF 14.0 10 30 4.8 -1.8
MGC Vanguard Mega Cap Index Fund 13.9 7 33 4.9 -1.7
VOO VANGUARD S&P 500 ETF 13.9 3 37 5.2 -1.5
CATH Global X S&P 500 Catholic Values Custom ETF 13.8 29 11 4.9 -1.8
LSLT Salt Low truBeta US Market ETF 13.7 60 -20 5.6 -1.0
SPGP Invesco S&P 500 GARP ETF 13.7 34 6 6.6 -0.1
IHE iShares U.S. Pharmaceuticals ETF 13.7 42 -2 5.2 -1.4

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 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 21.0 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.