Invesco Raymond James SB-1 Equity ETF
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
49.1x P/Sales
ratio
0.9x
P/BV
ratio
1.6x Div.
yield
2.5%


  • 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) $102
Currency USD
Expense ratio 82 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 136
Wgt avg mkt cap (mns) $33,541
Large cap (>$10bn) 32.4%
Mid cap ($2-10bn) 31.2%
Small cap (<$2bn) 36.4%
Developed mkts 97.3%
Emerging mkts 2.7%

TOP TEN HOLDINGS
NEWPARK RESOURCES INC 1.0 %
EVERI HOLDINGS, INC. 0.9 %
DISH NETWORK CORP-A 0.9 %
G1 THERAPEUTICS, INC. 0.9 %
VENTAS INC 0.9 %
VIKING THERAPEUTICS, INC. 0.9 %
POLARIS INDUSTRIES INC 0.9 %
LULULEMON ATHLETICA INC 0.9 %
TPI COMPOSITES, INC. 0.9 %
RENT-A-CENTER INC 0.9 %
Total 8.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.1 %
CHINA 1.3 %
IRELAND 0.8 %
FINLAND 0.8 %
CANADA 0.7 %
PANAMA 0.7 %
BERMUDA 0.7 %
SOUTH AFRICA 0.6 %
ISRAEL 0.4 %
COLOMBIA 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.8% -24.3% -0.4% 6.8% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 1.58 87%
MSCI EAFE 1.62 79%
MSCI Emg. Mkts. 1.21 69%

Technical Indicators
Recent close $35.43
30d moving avg. $32.63
Annualized volatility 28.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.2%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $37,086

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: 82 bp ALTAR Score™: 4.0%


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
(%)
VUSE Vident Core US Equity Fund 10.9 48 34 8.5 +4.4
MAGA Point Bridge GOP Stock Tracker ETF 10.4 72 10 7.0 +3.0
RNLC Large Cap US Equity Select ETF 9.7 60 22 6.8 +2.8
FXL First Trust Technology AlphaDEX Fund 9.3 61 21 3.5 -0.6
IUS Invesco Strategic US ETF 9.2 19 63 6.5 +2.5
HOMZ Hoya Capital Housing ETF 9.0 45 37 7.7 +3.7
JVAL JPMorgan U.S. Value Factor ETF 9.0 12 70 9.5 +5.5
FTA First Trust Large Cap Value AlphaDEX Fund 8.9 60 22 10.4 +6.3
ONEO SPDR Russell 1000 Momentum Focus ETF 8.9 20 62 7.1 +3.1
SFY SoFi Select 500 ETF 8.9 0 82 5.6 +1.6
BOSS Global X Founder-Run Companies ETF 8.7 45 37 4.1 +0.1
VEGN US Vegan Climate ETF 8.7 60 22 5.5 +1.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 8.6 25 57 6.3 +2.3
VFMF Vanguard U.S. Multifactor ETF 8.6 18 64 7.8 +3.8
FEX First Trust Large Cap Core AlphaDEX Fund 8.6 60 22 6.7 +2.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 8.5 20 62 8.3 +4.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 8.5 39 43 6.7 +2.7
RWL Invesco S&P 500 Revenue ETF 8.4 39 43 7.3 +3.3
JHML John Hancock Multifactor Large Cap ETF 8.4 34 48 5.9 +1.9
AVUS Avantis U.S. Equity ETF 8.3 15 67 6.3 +2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 8.3 17 65 7.4 +3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 8.3 29 53 6.6 +2.5
CATH Global X S&P 500 Catholic Values Custom ETF 8.3 29 53 5.6 +1.6
PMOM Principal Sustainable Momentum Index ETF 8.3 29 53 11.1 +7.1
VLU SPDR S&P 1500 Value Tilt ETF 8.3 12 70 8.0 +4.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 8.2 15 67 7.2 +3.2
RSP Invesco S&P 500 Equal Weight ETF 8.1 20 62 7.5 +3.5
ESGV Vanguard ESG U.S. Stock ETF 8.0 12 70 5.6 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 7.9 25 57 6.4 +2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.9 19 63 6.7 +2.6
CLRG IQ Chaikin U.S. Large Cap ETF 7.9 25 57 6.5 +2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 7.9 9 73 5.9 +1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.9 60 22 4.7 +0.6
RPG Invesco S&P 500 Pure Growth ETF 7.8 35 47 4.7 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 7.8 30 52 7.1 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 7.8 39 43 7.4 +3.3
KRMA Global X Conscious Companies ETF 7.8 43 39 5.6 +1.6
BFOR Barron's 400 ETF 7.8 66 16 6.8 +2.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.8 17 65 7.1 +3.0
PBP Invesco S&P 500 BuyWrite ETF 7.8 49 33 5.3 +1.3
FNK First Trust Mid Cap Value AlphaDEX Fund 7.7 70 12 12.3 +8.3
SPXN ProShares S&P 500 Ex-Financials ETF 7.7 27 55 5.3 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 7.7 29 53 3.2 -0.8
ROUS Hartford Multifactor US Equity ETF 7.7 19 63 7.7 +3.6
FAB First Trust Multi Cap Value AlphaDEX Fund 7.7 71 11 10.9 +6.9
FLQL Franklin LibertyQ U.S. Equity ETF 7.7 15 67 6.7 +2.6
HSPX Global X S&P 500 Covered Call ETF 7.6 65 17 5.2 +1.1
JMOM JPMorgan U.S. Momentum Factor ETF 7.6 12 70 4.1 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 7.6 25 57 7.0 +3.0
PBUS Invesco PureBeta MSCI USA ETF 7.6 4 78 5.7 +1.7
SCIU Global X Scientific Beta US ETF 7.6 19 63 6.2 +2.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 7.6 25 57 6.7 +2.6
VV Vanguard Large-Cap Index Fund 7.6 4 78 5.6 +1.6
EPS WisdomTree U.S. Earnings 500 Fund 7.6 8 74 6.9 +2.8
SCHX Schwab U.S. Large-Cap ETF 7.6 3 79 5.7 +1.7
SCHK Schwab 1000 Index ETF 7.5 5 77 5.7 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 7.5 2 80 5.7 +1.7
IWB iShares Russell 1000 ETF 7.5 15 67 5.6 +1.6
VONE Vanguard Russell 1000 ETF 7.5 8 74 5.7 +1.6
IYY iShares Dow Jones U.S. ETF 7.5 20 62 5.6 +1.5
SPLG SPDR Portfolio Large Cap ETF 7.5 3 79 5.8 +1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.5 25 57 7.0 +3.0
SPY SPDR S&P 500 ETF Trust 7.5 9 73 5.7 +1.7
IVV iShares Core S&P 500 ETF 7.5 4 78 5.8 +1.7
VOO VANGUARD S&P 500 ETF 7.5 3 79 5.8 +1.8
SCHB Schwab U.S. Broad Market ETF 7.4 3 79 5.6 +1.6
MGC Vanguard Mega Cap Index Fund 7.4 7 75 5.6 +1.5
EUSA iShares MSCI USA Equal Weighted ETF 7.4 15 67 6.6 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 7.4 27 55 5.7 +1.6
VTI Vanguard Total Stock Market Index Fund 7.4 3 79 5.6 +1.5
ETHO Etho Climate Leadership U.S. ETF 7.4 47 35 4.8 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 7.4 3 79 5.6 +1.5
IWV iShares Russell 3000 ETF 7.4 20 62 5.4 +1.4
VTHR Vanguard Russell 3000 Index Fund 7.4 10 72 5.5 +1.5
VFMO Vanguard U.S. Momentum Factor ETF 7.4 13 69 2.2 -1.9
SIZE iShares Edge MSCI USA Size Factor ETF 7.4 15 67 6.5 +2.4
VONG Vanguard Russell 1000 Growth Index Fund 7.4 8 74 4.6 +0.5
IWF iShares Russell 1000 Growth ETF 7.4 19 63 4.5 +0.4
LSAF LeaderShares AlphaFactor US Core Equity ETF 7.3 75 7 7.9 +3.9
SPTM SPDR Portfolio Total Stock Market ETF 7.3 3 79 5.9 +1.9
TUSA First Trust Total US Market AlphaDEX ETF 7.3 70 12 6.8 +2.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 7.3 20 62 5.8 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 7.2 20 62 5.3 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 7.2 19 63 5.9 +1.9
GVIP Goldman Sachs Hedge Industry VIP ETF 7.2 45 37 4.7 +0.7
VAMO Cambria Value & Momentum ETF 7.1 64 18 8.0 +3.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.1 24 58 6.5 +2.5
IWL iShares Russell Top 200 ETF 7.1 15 67 5.4 +1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 7.1 9 73 6.4 +2.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 7.1 29 53 7.2 +3.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 7.0 12 70 5.2 +1.2
VOT Vanguard Mid-Cap Growth Index Fund 7.0 7 75 3.8 -0.2
IWS iShares Russell Mid-Cap Value ETF 7.0 24 58 7.9 +3.9
JMIN JPMorgan U.S. Minimum Volatility ETF 7.0 12 70 6.2 +2.2
SPHB Invesco S&P 500 High Beta ETF 7.0 25 57 11.5 +7.5
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 7.0 49 33 11.3 +7.2
IQSU IQ Candriam ESG US Equity ETF 7.0 9 73 5.5 +1.4
VFVA Vanguard U.S. Value Factor ETF 6.9 13 69 12.8 +8.7
EXT WisdomTree U.S. Total Earnings Fund 6.9 28 54 6.1 +2.1
XSW SPDR S&P Software & Services ETF 6.9 35 47 3.7 -0.3

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 7.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 82 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 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.