Invesco Raymond James SB-1 Equity ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
39.0x P/Sales
ratio
1.7x
P/BV
ratio
2.1x Div.
yield
1.9%


  • 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) $140
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 163
Wgt avg mkt cap (mns) $36,739
Large cap (>$10bn) 30.3%
Mid cap ($2-10bn) 39.0%
Small cap (<$2bn) 28.5%
Developed mkts 98.5%
Emerging mkts 1.5%

TOP TEN HOLDINGS
PIONEER NATURAL RESOURCES CO 1.4 %
BED BATH & BEYOND INC 0.8 %
ANGIODYNAMICS INC 0.8 %
FLIR SYSTEMS INC 0.8 %
OCCIDENTAL PETROLEUM CORP 0.8 %
MARATHON OIL CORP 0.7 %
WEBSTER FINANCIAL CORP 0.7 %
BANCORP INC/THE 0.7 %
CAREDX, INC. 0.7 %
ORBCOMM INC 0.7 %
Total 8.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.1 %
CHINA 1.2 %
BERMUDA 0.6 %
SWITZERLAND 0.6 %
CANADA 0.6 %
NETHERLANDS 0.6 %





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.
6.2% 6.2% 10.1% 9.8% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.52 85%
MSCI EAFE 1.49 81%
MSCI Emg. Mkts. 1.24 72%

Technical Indicators
Recent close $53.93
30d moving avg. $51.27
Annualized volatility 30.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.1%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $40,059

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 3.7%


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 12.8 72 4 5.3 +1.6
JVAL JPMorgan U.S. Value Factor ETF 10.4 12 64 7.2 +3.5
ESGV Vanguard ESG U.S. Stock ETF 10.3 12 64 4.6 +0.9
VUSE Vident Core US Equity Fund 9.8 48 28 7.4 +3.7
IUS Invesco Strategic US ETF 9.7 19 57 5.5 +1.8
HOMZ Hoya Capital Housing ETF 9.4 30 46 7.1 +3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 9.2 30 46 5.1 +1.4
JKL iShares Morningstar Small Cap Value ETF 9.2 30 46 7.6 +3.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 9.1 20 56 6.7 +3.0
VFVA Vanguard U.S. Value Factor ETF 9.0 14 62 8.5 +4.8
FNK First Trust Mid Cap Value AlphaDEX Fund 9.0 70 6 7.8 +4.1
ROUS Hartford Multifactor US Equity ETF 9.0 19 57 5.9 +2.2
VLU SPDR S&P 1500 Value Tilt ETF 8.9 12 64 6.2 +2.5
JOET Virtus Terranova US Quality Momentum ETF 8.8 29 47 4.7 +1.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 8.8 15 61 6.0 +2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 8.8 30 46 5.3 +1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 8.8 71 5 7.5 +3.8
CATH Global X S&P 500 Catholic Values Custom ETF 8.7 29 47 4.7 +1.0
VALQ American Century STOXX U.S. Quality Value ETF 8.7 29 47 7.9 +4.2
FEX First Trust Large Cap Core AlphaDEX Fund 8.6 60 16 4.7 +1.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 8.5 29 47 6.1 +2.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 8.4 60 16 4.7 +1.0
AFLG First Trust Active Factor Large Cap ETF 8.4 55 21 4.8 +1.1
EZM WisdomTree U.S. MidCap Earnings Fund 8.4 38 38 7.6 +3.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 8.4 17 59 6.1 +2.4
BFOR Barron's 400 ETF 8.4 65 11 5.6 +1.9
PRF Invesco FTSE RAFI US 1000 ETF 8.4 39 37 5.8 +2.1
RSP Invesco S&P 500 Equal Weight ETF 8.4 20 56 5.6 +1.9
AVUS Avantis U.S. Equity ETF 8.4 15 61 4.9 +1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 8.4 25 51 5.0 +1.3
JHML John Hancock Multifactor Large Cap ETF 8.4 29 47 4.9 +1.2
USMF WisdomTree U.S. Multifactor Fund 8.3 28 48 5.5 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 8.3 9 67 4.9 +1.2
RNLC Large Cap US Equity Select ETF 8.3 60 16 5.3 +1.6
VEGN US Vegan Climate ETF 8.3 60 16 4.1 +0.4
DON WisdomTree U.S. MidCap Dividend Fund 8.3 38 38 6.7 +3.0
EPS WisdomTree U.S. Earnings 500 Fund 8.3 8 68 6.0 +2.3
RESP WisdomTree US ESG Fund of Benef Interest 8.3 28 48 5.2 +1.5
RWL Invesco S&P 500 Revenue ETF 8.3 39 37 6.3 +2.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 8.2 18 58 5.6 +1.9
SFY SoFi Select 500 ETF 8.2 0 76 4.6 +0.9
BOSS Global X Founder-Run Companies ETF 8.2 45 31 2.8 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 8.2 29 47 6.0 +2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 8.1 20 56 4.7 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 8.1 20 56 5.6 +1.9
JDIV JPMorgan U.S. Dividend ETF 8.1 12 64 6.7 +3.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.0 25 51 5.8 +2.1
VFMF Vanguard U.S. Multifactor ETF 7.9 19 57 6.2 +2.5
CLRG IQ Chaikin U.S. Large Cap ETF 7.9 25 51 5.0 +1.3
SPGP Invesco S&P 500 GARP ETF 7.9 34 42 6.3 +2.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.8 25 51 5.7 +2.0
STLC iShares Factors US Blend Style ETF 7.8 25 51 4.9 +1.2
DFAU Dimensional US Core Equity Market ETF 7.8 12 64 4.7 +1.0
JHSC John Hancock Multifactor Small Cap ETF 7.8 42 34 4.6 +0.9
PBP Invesco S&P 500 BuyWrite ETF 7.8 49 27 4.4 +0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 7.7 29 47 7.3 +3.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.7 17 59 5.7 +2.0
FTA First Trust Large Cap Value AlphaDEX Fund 7.7 60 16 7.4 +3.7
SCHK Schwab 1000 Index ETF 7.7 5 71 4.7 +1.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.7 49 27 4.2 +0.5
TUSA First Trust Total US Market AlphaDEX ETF 7.7 70 6 4.8 +1.1
FLQL Franklin LibertyQ U.S. Equity ETF 7.7 15 61 6.0 +2.3
VTHR Vanguard Russell 3000 Index Fund 7.7 10 66 4.5 +0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 7.7 20 56 4.9 +1.2
IYY iShares Dow Jones U.S. ETF 7.7 20 56 4.5 +0.8
IWB iShares Russell 1000 ETF 7.7 15 61 4.6 +0.9
SCHX Schwab U.S. Large-Cap ETF 7.7 3 73 4.6 +0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 7.7 60 16 4.4 +0.7
FUNL CornerCap Fundametrics Large-Cap ETF 7.7 50 26 7.2 +3.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 7.7 20 56 7.1 +3.4
SPY SPDR S&P 500 ETF Trust 7.6 9 67 4.8 +1.1
VOO VANGUARD S&P 500 ETF 7.6 3 73 4.9 +1.2
IVV iShares Core S&P 500 ETF 7.6 3 73 4.8 +1.1
SPLG SPDR Portfolio Large Cap ETF 7.6 3 73 4.8 +1.1
FNX First Trust Mid Cap Core AlphaDEX Fund 7.6 61 15 5.1 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 7.6 7 69 4.6 +0.9
SPTM SPDR Portfolio Total Stock Market ETF 7.6 3 73 4.9 +1.2
PBUS Invesco PureBeta MSCI USA ETF 7.6 4 72 4.7 +1.0
IWV iShares Russell 3000 ETF 7.6 20 56 4.4 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 7.6 2 74 4.7 +1.0
SCHB Schwab U.S. Broad Market ETF 7.5 3 73 4.5 +0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 7.5 12 64 5.3 +1.6
VONV Vanguard Russell 1000 Value Index Fund 7.5 8 68 6.1 +2.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.5 24 52 5.5 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 7.5 3 73 4.5 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 7.5 27 49 4.7 +1.0
VV Vanguard Large-Cap Index Fund 7.5 4 72 4.7 +1.0
MGC Vanguard Mega Cap Index Fund 7.5 7 69 4.7 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 7.5 27 49 4.5 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 7.4 4 72 4.7 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 7.4 9 67 5.0 +1.3
IEFN iShares Evolved U.S. Financials ETF 7.4 18 58 7.5 +3.8
EQAL Invesco Russell 1000 Equal Weight ETF 7.4 20 56 5.0 +1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 7.4 12 64 4.1 +0.4
VTI Vanguard Total Stock Market Index Fund 7.3 3 73 4.5 +0.8
RNMC Mid Cap US Equity Select ETF 7.3 60 16 6.1 +2.4
QSY WisdomTree U.S. LargeCap Value Fund 7.3 38 38 6.8 +3.1

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 8.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 76 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 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.