Invesco Raymond James SB-1 Equity ETF
ALTAR
Score™
3.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
87.5x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Raymond James SB-1 Equity ETF is an exchange-traded Fund incorporated in the USA. The Fund's objective is to track the performance of the Raymond James SB-1 Equity Index, which tracks all equity securities rated Strong Buy by Raymond James & Associates.

FUND BASICS
Category US Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date May 19, 2006
Assets (mns) $109
Currency USD
Expense ratio 76 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 161
Wgt avg mkt cap (mns) $37,859
Large cap (>$10bn) 29.2%
Mid cap ($2-10bn) 30.7%
Small cap (<$2bn) 38.3%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
BED BATH & BEYOND INC 0.8 %
CAREDX, INC. 0.7 %
TRIUMPH BANCORP, INC. 0.7 %
ALLEGIANT TRAVEL CO 0.7 %
FLEXION THERAPEUTICS INC 0.7 %
META FINANCIAL GROUP INC 0.7 %
UNDER ARMOUR INC-CLASS A 0.7 %
MICRON TECHNOLOGY INC 0.7 %
CYMABAY THERAPEUTICS, INC. 0.7 %
TEXAS ROADHOUSE INC 0.7 %
Total 7.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
CHINA 1.3 %
CANADA 1.2 %
NETHERLANDS 0.7 %
BERMUDA 0.6 %
SOUTH AFRICA 0.3 %
ISRAEL 0.1 %
COLOMBIA 0.1 %



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.
-17.2% -6.3% 5.2% 8.9% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.51 85%
MSCI EAFE 1.65 83%
MSCI Emg. Mkts. 1.19 69%

Technical Indicators
Recent close $42.20
30d moving avg. $41.05
Annualized volatility 29.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.2%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $34,042

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Raymond James SB-1 Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RYJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYJ Expense: 76 bp ALTAR Score™: 3.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYJ
Ticker Fund
Name
Overlap1
vs RYJ
(%)
Expense
ratio
(bp)
Savings
vs RYJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYJ
(%)
MAGA Point Bridge GOP Stock Tracker ETF 11.4 72 4 6.3 +3.0
JVAL JPMorgan U.S. Value Factor ETF 10.4 12 64 8.2 +4.9
USMF WisdomTree U.S. Multifactor Fund 9.5 28 48 5.7 +2.4
VUSE Vident Core US Equity Fund 9.5 48 28 8.7 +5.4
JHSC John Hancock Multifactor Small Cap ETF 9.5 42 34 5.5 +2.2
JKL iShares Morningstar Small Cap Value ETF 9.5 30 46 9.8 +6.5
IUS Invesco Strategic US ETF 9.3 19 57 6.3 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 9.3 29 47 5.8 +2.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.1 20 56 9.0 +5.7
HOMZ Hoya Capital Housing ETF 8.9 30 46 7.2 +3.9
RNLC Large Cap US Equity Select ETF 8.9 60 16 6.0 +2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 8.8 25 51 6.1 +2.8
VLU SPDR S&P 1500 Value Tilt ETF 8.8 12 64 7.2 +3.9
ONEO SPDR Russell 1000 Momentum Focus ETF 8.7 20 56 6.2 +2.9
ROUS Hartford Multifactor US Equity ETF 8.7 19 57 6.3 +3.0
AVUS Avantis U.S. Equity ETF 8.7 15 61 5.4 +2.1
ESGV Vanguard ESG U.S. Stock ETF 8.6 12 64 4.9 +1.6
PSCF Invesco S&P SmallCap Financials ETF 8.5 29 47 11.0 +7.7
FNK First Trust Mid Cap Value AlphaDEX Fund 8.5 70 6 10.6 +7.3
VFMF Vanguard U.S. Multifactor ETF 8.4 19 57 7.2 +3.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 8.4 15 61 6.6 +3.3
CATH Global X S&P 500 Catholic Values Custom ETF 8.4 29 47 4.9 +1.6
SFY SoFi Select 500 ETF 8.4 0 76 5.0 +1.7
VEGN US Vegan Climate ETF 8.3 60 16 4.9 +1.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 8.3 29 47 9.2 +5.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 8.3 9 67 5.4 +2.1
PRF Invesco FTSE RAFI US 1000 ETF 8.2 39 37 6.7 +3.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 8.2 17 59 6.2 +2.9
JHML John Hancock Multifactor Large Cap ETF 8.1 29 47 5.3 +2.0
TUSA First Trust Total US Market AlphaDEX ETF 8.0 70 6 5.6 +2.3
EXT WisdomTree U.S. Total Earnings Fund 8.0 28 48 5.3 +2.0
RWL Invesco S&P 500 Revenue ETF 8.0 39 37 7.1 +3.8
BFOR Barron's 400 ETF 8.0 65 11 6.4 +3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.0 25 51 6.6 +3.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.0 39 37 9.0 +5.7
VFVA Vanguard U.S. Value Factor ETF 7.9 14 62 10.8 +7.5
EZM WisdomTree U.S. MidCap Earnings Fund 7.9 38 38 8.6 +5.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.9 25 51 6.6 +3.3
EPS WisdomTree U.S. Earnings 500 Fund 7.8 8 68 6.3 +3.0
FAB First Trust Multi Cap Value AlphaDEX Fund 7.7 71 5 9.4 +6.1
BOSS Global X Founder-Run Companies ETF 7.7 45 31 3.2 -0.1
RSP Invesco S&P 500 Equal Weight ETF 7.7 20 56 6.4 +3.1
JMOM JPMorgan U.S. Momentum Factor ETF 7.7 12 64 3.3 -0.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 7.7 29 47 7.4 +4.1
ETHO Etho Climate Leadership U.S. ETF 7.7 47 29 4.3 +1.0
PBP Invesco S&P 500 BuyWrite ETF 7.7 49 27 4.8 +1.5
HSPX Global X S&P 500 Covered Call ETF 7.6 60 16 4.8 +1.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 7.6 29 47 6.7 +3.4
SPXN ProShares S&P 500 Ex-Financials ETF 7.6 27 49 4.8 +1.5
KRE SPDR S&P Regional Banking ETF 7.6 35 41 10.1 +6.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 7.6 30 46 6.4 +3.1
VTHR Vanguard Russell 3000 Index Fund 7.6 10 66 4.8 +1.5
XSW SPDR S&P Software & Services ETF 7.6 35 41 4.4 +1.1
SCHK Schwab 1000 Index ETF 7.6 5 71 5.0 +1.7
IWV iShares Russell 3000 ETF 7.5 20 56 4.8 +1.5
SCHB Schwab U.S. Broad Market ETF 7.5 3 73 4.9 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 7.5 3 73 4.9 +1.6
FXL First Trust Technology AlphaDEX Fund 7.5 61 15 3.2 -0.2
IYY iShares Dow Jones U.S. ETF 7.5 20 56 4.9 +1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 7.5 60 16 4.8 +1.5
IWB iShares Russell 1000 ETF 7.5 15 61 4.9 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 7.5 7 69 5.0 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 7.5 60 16 5.7 +2.4
SPTM SPDR Portfolio Total Stock Market ETF 7.5 3 73 5.3 +2.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.5 60 16 4.0 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 7.5 2 74 5.0 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 7.5 15 61 6.0 +2.7
SPLG SPDR Portfolio Large Cap ETF 7.5 3 73 5.2 +1.9
SPY SPDR S&P 500 ETF Trust 7.4 9 67 5.1 +1.8
SCHX Schwab U.S. Large-Cap ETF 7.4 3 73 5.0 +1.7
IVV iShares Core S&P 500 ETF 7.4 3 73 5.2 +1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 7.4 61 15 6.3 +3.0
PBUS Invesco PureBeta MSCI USA ETF 7.4 4 72 5.0 +1.7
VV Vanguard Large-Cap Index Fund 7.4 4 72 5.0 +1.7
VONE Vanguard Russell 1000 ETF 7.4 8 68 5.0 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 7.4 20 56 5.1 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 7.4 75 1 3.7 +0.4
RECS Columbia Research Enhanced Core ETF 7.4 15 61 5.5 +2.2
VOO VANGUARD S&P 500 ETF 7.4 3 73 5.2 +1.9
VTI Vanguard Total Stock Market Index Fund 7.4 3 73 4.9 +1.6
SPXE ProShares S&P 500 Ex-Energy ETF 7.3 27 49 5.1 +1.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 7.3 9 67 5.8 +2.5
MGC Vanguard Mega Cap Index Fund 7.3 7 69 5.0 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 7.2 20 56 4.7 +1.4
JDIV JPMorgan U.S. Dividend ETF 7.2 12 64 7.7 +4.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.2 60 16 7.8 +4.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 7.2 35 41 5.3 +2.0
LSAF LeaderShares AlphaFactor US Core Equity ETF 7.1 75 1 5.8 +2.5
EQAL Invesco Russell 1000 Equal Weight ETF 7.1 20 56 5.8 +2.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.1 49 27 4.9 +1.6
EQWL Invesco Russell Top 200 Equal Weight ETF 7.1 25 51 6.1 +2.8
SCIU Global X Scientific Beta US ETF 7.1 19 57 0.0 -3.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.1 25 51 5.8 +2.5
CLRG IQ Chaikin U.S. Large Cap ETF 7.1 25 51 5.7 +2.4
BKSE BNY Mellon US Small Cap Core Equity ETF 7.1 4 72 5.6 +2.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 7.1 20 56 7.4 +4.1
IWL iShares Russell Top 200 ETF 7.0 15 61 4.8 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 7.0 12 64 4.5 +1.2
AVUV Avantis U.S. Small Cap Value ETF 7.0 25 51 7.8 +4.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 7.0 19 57 5.9 +2.6

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 Raymond James SB-1 Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 76 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 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.