Invesco S&P 500 Equal Weight Technology ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
24.4x P/Sales
ratio
3.2x
P/BV
ratio
4.3x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Technology ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the S&P Equal Weight Technology Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 01, 2006
Assets (mns) $2,139
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $107,041
Large cap (>$10bn) 91.0%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PAYCOM SOFTWARE INC 1.8 %
LAM RESEARCH CORP 1.8 %
ZEBRA TECHNOLOGIES CORP-CL A 1.8 %
APPLIED MATERIALS INC 1.7 %
KLA-TENCOR CORPORATION 1.7 %
TERADYNE INC 1.7 %
XILINX INC 1.6 %
MICRON TECHNOLOGY INC 1.6 %
F5 NETWORKS INC 1.6 %
ARISTA NETWORKS, INC. 1.6 %
Total 17.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 2.7 %
SWITZERLAND 1.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.1% 15.3% 18.7% 16.3% 11.7%

Market Correlations
versus... Beta R-squared
S&P500 1.11 91%
MSCI EAFE 1.11 75%
MSCI Emg. Mkts. 0.81 63%

Technical Indicators
Recent close $240.02
30d moving avg. $224.62
Annualized volatility 20.7%
Short interest (ETF) 3.3%
Short interest (Underlying) 4.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $51,904

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco S&P 500 Equal Weight Technology ETF ETF based on the alternatives' overlap in portfolio holdings with RYT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYT Expense: 40 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYT
Ticker Fund
Name
Overlap1
vs RYT
(%)
Expense
ratio
(bp)
Savings
vs RYT
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYT
(%)
JHMT John Hancock Multifactor Technology ETF 51.5 40 0 4.3 -1.7
XLK Technology Select Sector SPDR Fund 41.9 13 27 4.5 -1.6
FTEC Fidelity MSCI Information Technology Index ETF 38.3 8 32 4.2 -1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 38.3 57 -17 4.5 -1.5
VGT Vanguard Information Technology Index Fund 38.0 10 30 4.2 -1.9
RPG Invesco S&P 500 Pure Growth ETF 37.8 35 5 4.1 -1.9
TDV ProShares S&P Technology Dividend Aristocrats ETF 37.7 46 -6 4.4 -1.6
IXN iShares Global Tech ETF 37.0 46 -6 4.1 -1.9
IGM iShares Expanded Tech Sector ETF 35.3 46 -6 3.5 -2.5
FXL First Trust Technology AlphaDEX Fund 34.3 61 -21 3.6 -2.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 32.8 59 -19 4.0 -2.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 32.8 35 5 4.2 -1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 32.2 75 -35 3.9 -2.1
IYW iShares U.S. Technology ETF 29.7 43 -3 3.6 -2.4
IETC iShares Evolved U.S. Technology ETF 29.1 18 22 3.6 -2.4
QTUM Defiance Quantum ETF 28.7 40 0 4.9 -1.1
TECB iShares US Tech Breakthrough Multisector ETF 28.4 40 0 3.8 -2.2
RNLC Large Cap US Equity Select ETF 27.7 60 -20 5.5 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 27.4 50 -10 6.2 +0.2
PEXL Pacer US Export Leaders ETF 26.7 60 -20 5.4 -0.6
SMH VanEck Vectors Semiconductor ETF 26.4 35 5 4.8 -1.2
VEGN US Vegan Climate ETF 26.0 60 -20 4.7 -1.4
FVL First Trust Value Line 100 Exchange-Traded Fund 25.5 70 -30 4.9 -1.2
XNTK SPDR NYSE Technology ETF 25.5 35 5 3.2 -2.9
DEF Invesco Defensive Equity ETF 25.5 55 -15 5.0 -1.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 25.5 49 -9 4.6 -1.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 24.7 60 -20 5.8 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.4 15 25 5.8 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 24.4 12 28 5.1 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 23.6 15 25 5.8 -0.2
SOXX iShares PHLX Semiconductor ETF 23.6 46 -6 4.9 -1.1
FTXL First Trust Nasdaq Semiconductor ETF 23.6 60 -20 3.9 -2.1
JMOM JPMorgan U.S. Momentum Factor ETF 22.8 12 28 3.2 -2.8
NXTG First Trust Indxx NextG ETF 22.6 70 -30 5.5 -0.5
GBGR Global Beta Momentum-Growth ETF 22.6 29 11 5.1 -1.0
RDVY First Trust Rising Dividend Achievers ETF 22.6 50 -10 6.9 +0.9
CLRG IQ Chaikin U.S. Large Cap ETF 21.9 25 15 5.2 -0.8
VOOG Vanguard S&P 500 Growth ETF 21.8 10 30 4.1 -1.9
FIVG Defiance Next Gen Connectivity ETF 21.6 30 10 4.4 -1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 21.3 4 36 4.1 -1.9
IVW iShares S&P 500 Growth ETF 21.3 18 22 4.0 -2.0
NULG Nuveen ESG Large-Cap Growth ETF 21.1 35 5 3.5 -2.5
XT iShares Exponential Technologies ETF 21.1 47 -7 4.6 -1.4
QYLD Global X NASDAQ 100 Covered Call ETF 21.1 60 -20 3.3 -2.7
THNQ ROBO Global Artificial Intelligence ETF 21.1 68 -28 1.5 -4.6
QUS SPDR MSCI USA StrategicFactors ETF 21.0 15 25 5.4 -0.6
NUSI Nationwide Risk-Managed Income ETF 21.0 68 -28 3.5 -2.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 20.9 60 -20 3.3 -2.7
DSTL Distillate US Fundamental Stability & Value ETF 20.9 39 1 5.9 -0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 20.9 29 11 5.2 -0.9
AIQ Global X Future Analytics Tech ETF 20.8 68 -28 3.7 -2.3
QQQM Invesco NASDAQ 100 ETF 20.8 15 25 3.7 -2.3
QQQ Invesco QQQ Trust 20.8 20 20 3.7 -2.4
ROUS Hartford Multifactor US Equity ETF 20.7 19 21 6.1 +0.1
RNDV US Equity Dividend Select ETF 20.7 50 -10 7.7 +1.7
QGRO American Century STOXX U.S. Quality Growth ETF 20.7 29 11 3.1 -2.9
IUSG iShares Core S&P US Growth ETF 20.6 4 36 4.1 -1.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 20.6 68 -28 5.1 -0.9
LRGF iShares Edge MSCI Multifactor USA ETF 20.3 20 20 6.8 +0.7
USMV iShares Edge MSCI Min Vol USA ETF 20.3 15 25 5.3 -0.7
PWB Invesco Dynamic Large Cap Growth ETF 20.3 56 -16 3.2 -2.8
SPXV ProShares S&P 500 Ex-Health Care ETF 20.2 27 13 4.6 -1.5
IQSU IQ Candriam ESG US Equity ETF 20.2 9 31 4.7 -1.3
VUG Vanguard Growth Index Fund 20.2 4 36 3.7 -2.4
ESGV Vanguard ESG U.S. Stock ETF 20.2 12 28 4.7 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 20.1 27 13 4.6 -1.4
DSI iShares MSCI KLD 400 Social ETF 20.0 25 15 4.7 -1.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 19.9 25 15 7.0 +1.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 19.8 59 -19 3.7 -2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 19.7 60 -20 3.8 -2.2
MGK Vanguard Mega Cap Growth ETF 19.6 7 33 3.8 -2.2
ETHO Etho Climate Leadership U.S. ETF 19.5 47 -7 4.0 -2.1
IWF iShares Russell 1000 Growth ETF 19.3 19 21 3.6 -2.5
SPQQ Siren Large Cap Blend Index ETF 19.3 20 20 4.4 -1.6
KOIN Innovation Shares NextGen Protocol ETF 19.3 95 -55 4.1 -2.0
USXF iShares ESG Advanced MSCI USA ETF 19.2 10 30 4.6 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 19.1 8 32 3.7 -2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 19.0 9 31 5.2 -0.8
NULC Nuveen ESG Large-Cap ETF 19.0 20 20 4.6 -1.4
CACG ClearBridge All Cap Growth ETF 18.9 54 -14 4.0 -2.0
EXT WisdomTree U.S. Total Earnings Fund 18.7 28 12 5.2 -0.9
LEGR First Trust Index Digital Transaction & Process Technology E 18.6 65 -25 8.7 +2.7
STLG iShares Factors US Growth Style ETF 18.6 25 15 4.1 -1.9
SPGP Invesco S&P 500 GARP ETF 18.6 34 6 6.2 +0.2
PBP Invesco S&P 500 BuyWrite ETF 18.6 49 -9 4.6 -1.4
JVAL JPMorgan U.S. Value Factor ETF 18.5 12 28 7.5 +1.5
SFY SoFi Select 500 ETF 18.5 0 40 4.7 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.5 12 28 4.1 -1.9
HSPX Global X S&P 500 Covered Call ETF 18.5 60 -20 4.6 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.5 30 10 6.0 +0.0
IQM Franklin Intelligent Machines ETF 18.4 50 -10 1.6 -4.4
SPXE ProShares S&P 500 Ex-Energy ETF 18.3 27 13 4.9 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.3 20 20 4.9 -1.1
GVIP Goldman Sachs Hedge Industry VIP ETF 18.3 45 -5 3.4 -2.6
XSW SPDR S&P Software & Services ETF 18.2 35 5 4.0 -2.0
XYLG Global X S&P 500 Covered Call & Growth ETF 18.2 60 -20 4.6 -1.4
IWY iShares Russell Top 200 Growth ETF 18.1 20 20 3.7 -2.3
FDLO Fidelity Low Volatility Factor ETF 18.1 29 11 4.9 -1.1

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 S&P 500 Equal Weight Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.2 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.