Invesco S&P 500 Equal Weight Health Care ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
1.1x
P/BV
ratio
3.2x Div.
yield
1.0%


  • 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) $691
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 62
Wgt avg mkt cap (mns) $61,131
Large cap (>$10bn) 92.0%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RESMED INC 1.9 %
DEXCOM INC 1.8 %
WEST PHARMACEUTICAL SERVICES 1.8 %
HOLOGIC INC 1.8 %
AMGEN INC 1.8 %
ELI LILLY & CO 1.8 %
INCYTE CORP 1.8 %
THERMO FISHER SCIENTIFIC INC 1.8 %
IDEXX LABORATORIES INC 1.7 %
BECTON DICKINSON AND CO 1.7 %
Total 17.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.8 %
IRELAND 4.7 %
BRITAIN 1.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.7% 10.4% 7.4% 16.1% 12.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 81%
MSCI EAFE 0.88 64%
MSCI Emg. Mkts. 0.64 53%

Technical Indicators
Recent close $222.80
30d moving avg. $222.80
Annualized volatility 17.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.1%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.7%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $36,087

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™: 6.6%


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 66.2 40 0 6.1 -0.5
XLV Health Care Select Sector SPDR Fund 59.0 13 27 7.1 +0.5
IYH iShares U.S. Healthcare ETF 55.2 43 -3 6.1 -0.5
FHLC Fidelity MSCI Health Care Index ETF 54.0 8 32 5.5 -1.1
VHT Vanguard Health Care Index Fund 53.2 10 30 5.4 -1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 50.8 60 -20 6.3 -0.3
FXH First Trust Health Care AlphaDEX Fund 49.1 62 -22 4.5 -2.2
IXJ iShares Global Healthcare ETF 47.8 46 -6 6.3 -0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 47.6 18 22 5.7 -0.9
XHE SPDR S&P Health Care Equipment ETF 32.0 35 5 1.7 -4.9
IHI iShares U.S. Medical Devices ETF 31.3 43 -3 3.5 -3.1
GDNA Goldman Sachs Motif Human Evolution ETF 29.3 50 -10 0.3 -6.3
LNGR Global X Longevity Thematic ETF 29.1 50 -10 3.1 -3.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 27.6 68 -28 0.2 -6.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.7 25 15 6.0 -0.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 24.9 18 22 2.9 -3.7
SPLV Invesco S&P 500 Low Volatility ETF 24.8 25 15 5.7 -0.9
FTCS First Trust Capital Strength ETF 24.4 58 -18 4.9 -1.7
JKD iShares Morningstar Large-Cap ETF 23.2 20 20 5.7 -0.9
XHS SPDR S&P Health Care Services ETF 23.1 35 5 4.5 -2.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 22.3 15 25 4.1 -2.5
PJP Invesco Dynamic Pharmaceuticals ETF 21.1 56 -16 11.0 +4.4
MGV Vanguard Mega Cap Value ETF 20.1 7 33 7.3 +0.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 19.7 60 -20 3.7 -2.9
HLAL Wahed FTSE USA Shariah ETF 19.4 50 -10 4.6 -2.0
SPXT ProShares S&P 500 Ex-Technology ETF 19.3 27 13 5.7 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 19.2 60 -20 4.4 -2.2
VTV Vanguard Value Index Fund 19.2 4 36 7.5 +0.8
DEF Invesco Defensive Equity ETF 19.1 55 -15 5.1 -1.5
VOOV Vanguard S&P 500 Value ETF 18.8 15 25 7.4 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 18.7 4 36 7.5 +0.8
IVE iShares S&P 500 Value ETF 18.7 18 22 7.3 +0.7
VIRS Pacer BioThreat Strategy ETF 18.6 70 -30 4.5 -2.1
DSTL Distillate US Fundamental Stability & Value ETF 18.0 39 1 6.6 -0.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.8 17 23 6.6 -0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.8 49 -9 4.1 -2.5
IUSV iShares Core S&P U.S. Value ETF 17.8 4 36 7.6 +0.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 17.7 49 -9 5.2 -1.4
PPH VanEck Vectors Pharmaceutical ETF 17.6 36 4 10.3 +3.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 17.6 60 -20 8.7 +2.1
RBUS Nationwide Risk-Based U.S. Equity ETF 17.5 30 10 5.1 -1.5
FVL First Trust Value Line 100 Exchange-Traded Fund 17.5 70 -30 5.2 -1.4
IHF iShares U.S. Healthcare Providers ETF 17.0 43 -3 7.8 +1.2
LEAD Reality Shares DIVCON Leaders Dividend ETF 16.3 43 -3 4.4 -2.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 16.3 12 28 4.9 -1.7
FTHI First Trust High Income ETF 16.3 85 -45 5.0 -1.6
RWL Invesco S&P 500 Revenue ETF 16.3 39 1 7.3 +0.7
USMV iShares Edge MSCI Min Vol USA ETF 16.3 15 25 5.6 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 16.2 27 13 5.0 -1.7
FTLB First Trust Hedged BuyWrite Income ETF 15.9 85 -45 5.0 -1.6
FCPI Fidelity Stocks for Inflation ETF 15.9 29 11 7.0 +0.4
SPHQ Invesco S&P 500 Quality ETF 15.9 15 25 4.6 -2.0
COWZ Pacer US Cash Cows 100 ETF 15.8 49 -9 11.0 +4.3
JMIN JPMorgan U.S. Minimum Volatility ETF 15.8 12 28 5.9 -0.7
PSET Principal Price Setters Index ETF 15.6 29 11 4.6 -2.0
NULG Nuveen ESG Large-Cap Growth ETF 15.6 35 5 3.6 -3.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 15.6 34 6 4.9 -1.7
RNLC Large Cap US Equity Select ETF 15.5 60 -20 6.3 -0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 15.4 25 15 6.1 -0.5
LRGF iShares Edge MSCI Multifactor USA ETF 15.2 20 20 7.4 +0.8
AIEQ AI Powered Equity ETF 15.2 87 -47 3.7 -3.0
VALQ American Century STOXX U.S. Quality Value ETF 15.0 29 11 9.2 +2.6
QUS SPDR MSCI USA StrategicFactors ETF 14.9 15 25 5.9 -0.8
IWX iShares Russell Top 200 Value ETF 14.9 20 20 7.2 +0.6
BBH VanEck Vectors Biotech ETF 14.9 35 5 3.8 -2.8
FBT First Trust NYSE Arca Biotechnology Index Fund 14.9 55 -15 -0.9 -7.5
ROUS Hartford Multifactor US Equity ETF 14.8 19 21 7.4 +0.8
SFY SoFi Select 500 ETF 14.8 0 40 5.2 -1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 14.8 75 -35 4.5 -2.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14.8 59 -19 3.6 -3.0
SCHV Schwab U.S. Large-Cap Value ETF 14.7 4 36 7.2 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 14.7 27 13 5.3 -1.3
PBP Invesco S&P 500 BuyWrite ETF 14.7 49 -9 5.0 -1.6
CLRG IQ Chaikin U.S. Large Cap ETF 14.6 25 15 6.1 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.5 9 31 5.6 -1.1
PWB Invesco Dynamic Large Cap Growth ETF 14.5 55 -15 3.4 -3.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.5 20 20 5.4 -1.3
IWL iShares Russell Top 200 ETF 14.5 15 25 5.0 -1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.5 12 28 4.8 -1.9
AFLG First Trust Active Factor Large Cap ETF 14.4 55 -15 5.6 -1.1
HSPX Global X S&P 500 Covered Call ETF 14.4 65 -25 4.9 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.4 30 10 6.6 -0.0
NUMG Nuveen ESG Mid-Cap Growth ETF 14.3 40 0 2.4 -4.2
SPY SPDR S&P 500 ETF Trust 14.3 9 31 5.4 -1.3
IVV iShares Core S&P 500 ETF 14.3 4 36 5.4 -1.2
JVAL JPMorgan U.S. Value Factor ETF 14.3 12 28 8.8 +2.2
SPLG SPDR Portfolio Large Cap ETF 14.3 3 37 5.4 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 14.2 29 11 5.2 -1.4
OUSA O'Shares FTSE US Quality Dividend ETF 14.2 48 -8 5.7 -0.9
IBB iShares NASDAQ Biotechnology ETF 14.2 47 -7 0.2 -6.4
QLC FlexShares US Quality Large Cap Index Fund 14.1 32 8 5.4 -1.3
VOO VANGUARD S&P 500 ETF 14.1 3 37 5.4 -1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 14.1 75 -35 6.2 -0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 14.1 75 -35 2.0 -4.6
PEXL Pacer US Export Leaders ETF 14.0 60 -20 6.1 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 14.0 0 40 5.2 -1.4
IQSU IQ Candriam ESG US Equity ETF 14.0 9 31 5.1 -1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 14.0 29 11 5.9 -0.7
MGC Vanguard Mega Cap Index Fund 14.0 7 33 5.2 -1.4
DFND Reality Shares DIVCON Dividend Defender ETF 13.9 144 -104 3.4 -3.2

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:

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 20.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.