Invesco S&P 500 Equal Weight Health Care ETF
ALTAR
Score™
8.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.9x P/Sales
ratio
0.9x
P/BV
ratio
2.6x Div.
yield
1.2%


  • 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 07, 2006
Assets (mns) $620
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 60
Wgt avg mkt cap (mns) $58,515
Large cap (>$10bn) 86.1%
Mid cap ($2-10bn) 13.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 2.6 %
GILEAD SCIENCES INC 2.4 %
ELI LILLY & CO 2.3 %
VERTEX PHARMACEUTICALS INC 2.2 %
BIOGEN IDEC INC 2.0 %
RESMED INC 2.0 %
BAXTER INTERNATIONAL INC 1.9 %
AMERISOURCEBERGEN CORP 1.9 %
JOHNSON & JOHNSON 1.9 %
CENTENE CORP 1.9 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.8 %
IRELAND 6.8 %
BRITAIN 1.4 %








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.
-14.4% -3.6% 4.6% 12.7% 11.1%

Market Correlations
versus... Beta R-squared
S&P500 0.90 77%
MSCI EAFE 0.81 61%
MSCI Emg. Mkts. 0.63 54%

Technical Indicators
Recent close $182.30
30d moving avg. $194.16
Annualized volatility 15.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.9%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $32,690

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™: 8.0%


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 66.4 40 0 7.3 -0.7
XLV Health Care Select Sector SPDR Fund 60.7 13 27 8.2 +0.1
IYH iShares U.S. Healthcare ETF 56.9 43 -3 7.2 -0.8
VHT Vanguard Health Care Index Fund 56.6 10 30 6.6 -1.4
FHLC Fidelity MSCI Health Care Index ETF 56.2 8 32 6.6 -1.4
FXH First Trust Health Care AlphaDEX Fund 53.9 62 -22 6.6 -1.4
IXJ iShares Global Healthcare ETF 49.0 46 -6 7.2 -0.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 46.1 18 22 7.0 -1.0
XHE SPDR S&P Health Care Equipment ETF 31.7 35 5 2.7 -5.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 31.5 18 22 4.5 -3.5
IHI iShares U.S. Medical Devices ETF 29.4 43 -3 4.5 -3.6
GDNA Goldman Sachs Motif Human Evolution ETF 28.3 50 -10 0.5 -7.5
PJP Invesco Dynamic Pharmaceuticals ETF 28.2 56 -16 12.6 +4.5
LNGR Global X Longevity Thematic ETF 28.1 50 -10 4.5 -3.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.2 68 -28 1.0 -7.0
XHS SPDR S&P Health Care Services ETF 23.5 35 5 7.7 -0.3
FLAG FLAG-Forensic Accounting Long Short ETF 23.2 152 -112 12.1 +4.1
MGV Vanguard Mega Cap Value ETF 21.3 7 33 9.0 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.9 60 -20 6.0 -2.0
VTV Vanguard Value Index Fund 20.5 4 36 9.3 +1.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 20.5 60 -20 5.2 -2.8
HLAL Wahed FTSE USA Shariah ETF 20.5 50 -10 6.2 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 20.5 27 13 7.4 -0.6
VOOV Vanguard S&P 500 Value ETF 20.1 15 25 9.3 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 20.0 4 36 9.4 +1.4
IVE iShares S&P 500 Value ETF 20.0 18 22 9.2 +1.2
PPH VanEck Vectors Pharmaceutical ETF 19.7 36 4 11.8 +3.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.6 17 23 9.4 +1.4
IUSV iShares Core S&P U.S. Value ETF 19.2 4 36 9.5 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 19.2 25 15 7.7 -0.3
BBH VanEck Vectors Biotech ETF 19.1 35 5 4.5 -3.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 19.0 49 -9 7.7 -0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 18.9 70 -30 6.7 -1.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 18.6 49 -9 5.5 -2.5
RWL Invesco S&P 500 Revenue ETF 18.2 39 1 9.3 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 18.0 27 13 6.7 -1.3
FTXH First Trust Nasdaq Pharmaceuticals ETF 17.8 60 -20 7.9 -0.1
KRMA Global X Conscious Companies ETF 17.8 43 -3 7.5 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 17.4 75 -35 6.4 -1.7
FBT First Trust NYSE Arca Biotechnology Index Fund 17.3 57 -17 -0.2 -8.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.2 30 10 8.0 +0.0
JKE iShares Morningstar Large-Cap Growth ETF 17.1 25 15 4.7 -3.3
IUS Invesco Strategic US ETF 16.9 19 21 8.1 +0.1
IBB iShares NASDAQ Biotechnology ETF 16.9 47 -7 0.8 -7.2
VALQ American Century STOXX U.S. Quality Value ETF 16.7 29 11 12.0 +3.9
IHF iShares U.S. Healthcare Providers ETF 16.7 43 -3 9.7 +1.7
LEAD Reality Shares DIVCON Leaders Dividend ETF 16.6 43 -3 5.7 -2.3
GARD Reality Shares DIVCON Dividend Guard ETF 16.6 129 -89 4.8 -3.2
DSTL Distillate US Fundamental Stability & Value ETF 16.6 39 1 7.8 -0.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.6 15 25 6.3 -1.8
JVAL JPMorgan U.S. Value Factor ETF 16.5 12 28 12.2 +4.2
RNLC Large Cap US Equity Select ETF 16.5 60 -20 8.2 +0.2
IWL iShares Russell Top 200 ETF 16.4 15 25 6.7 -1.3
COWZ Pacer US Cash Cows 100 ETF 16.4 49 -9 14.0 +6.0
HSPX Global X S&P 500 Covered Call ETF 16.3 65 -25 6.6 -1.4
PBP Invesco S&P 500 BuyWrite ETF 16.2 49 -9 6.8 -1.3
CLRG IQ Chaikin U.S. Large Cap ETF 16.2 25 15 8.5 +0.5
IHE iShares U.S. Pharmaceuticals ETF 16.2 42 -2 6.4 -1.6
XPH SPDR S&P Pharmaceuticals ETF 16.2 35 5 6.2 -1.8
SCHV Schwab U.S. Large-Cap Value ETF 16.1 4 36 9.1 +1.1
FTCS First Trust Capital Strength ETF 16.1 60 -20 6.2 -1.8
MGC Vanguard Mega Cap Index Fund 16.1 7 33 6.9 -1.1
PSET Principal Price Setters Index ETF 16.1 29 11 7.0 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 16.0 27 13 7.1 -0.9
IQSU IQ Candriam ESG US Equity ETF 16.0 9 31 6.8 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.0 20 20 7.2 -0.8
XBI SPDR S&P BIOTECH ETF 15.9 35 5 -5.3 -13.3
SPHQ Invesco S&P 500 Quality ETF 15.8 15 25 6.5 -1.6
PWB Invesco Dynamic Large Cap Growth ETF 15.8 55 -15 4.6 -3.4
IWX iShares Russell Top 200 Value ETF 15.7 20 20 8.9 +0.8
SPY SPDR S&P 500 ETF Trust 15.6 9 31 7.2 -0.9
VOO VANGUARD S&P 500 ETF 15.6 3 37 7.2 -0.8
SPLG SPDR Portfolio Large Cap ETF 15.6 3 37 7.2 -0.8
IVV iShares Core S&P 500 ETF 15.6 4 36 7.2 -0.8
FCPI Fidelity Stocks for Inflation ETF 15.3 29 11 9.3 +1.3
FVAL Fidelity Value Factor ETF 15.3 29 11 11.1 +3.1
JQUA JPMorgan U.S. Quality Factor ETF 15.2 12 28 6.7 -1.3
VV Vanguard Large-Cap Index Fund 15.2 4 36 7.1 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 15.2 48 -8 7.1 -1.0
FLLV Franklin Liberty U.S. Low Volatility ETF 15.2 29 11 7.2 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.2 20 20 6.7 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 15.1 29 11 10.2 +2.2
OEF iShares S&P 100 ETF 15.1 20 20 6.4 -1.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.1 52 -12 8.0 -0.0
FQAL Fidelity Quality Factor ETF 15.1 29 11 7.1 -0.9
ESGU iShares MSCI USA ESG Optimized ETF 15.1 15 25 6.8 -1.2
AFLG First Trust Active Factor Large Cap ETF 15.0 55 -15 7.8 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 15.0 29 11 7.1 -0.9
ROUS Hartford Multifactor US Equity ETF 15.0 19 21 9.4 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.9 2 38 7.2 -0.9
QLC FlexShares US Quality Large Cap Index Fund 14.8 32 8 7.5 -0.5
PBUS Invesco PureBeta MSCI USA ETF 14.8 4 36 7.2 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.7 9 31 7.4 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 14.7 12 28 7.3 -0.7
PTH Invesco DWA Healthcare Momentum ETF 14.7 60 -20 -3.0 -11.0
LSLT Salt Low truBeta US Market ETF 14.7 0 40 8.7 +0.7
FDLO Fidelity Low Volatility Factor ETF 14.6 29 11 6.6 -1.4
SCHX Schwab U.S. Large-Cap ETF 14.5 3 37 7.1 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 14.5 15 25 7.4 -0.6
RBUS Nationwide Risk-Based U.S. Equity ETF 14.4 30 10 7.3 -0.7

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%.

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.