Invesco S&P 500 Equal Weight Technology ETF
ALTAR
Score™
6.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.8x P/Sales
ratio
2.7x
P/BV
ratio
3.7x Div.
yield
1.5%


  • 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) $1,673
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 71
Wgt avg mkt cap (mns) $110,130
Large cap (>$10bn) 90.6%
Mid cap ($2-10bn) 9.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PAYPAL HOLDINGS INC 1.6 %
LAM RESEARCH CORP 1.6 %
NVIDIA CORP 1.6 %
FORTINET INC 1.6 %
SALESFORCE.COM INC 1.6 %
MICROSOFT CORP 1.5 %
SYNOPSYS INC 1.5 %
AKAMAI TECHNOLOGIES 1.5 %
CADENCE DESIGN SYS INC 1.5 %
ADOBE SYSTEMS INC 1.5 %
Total 15.6 %

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 June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
1.4% 13.8% 18.5% 18.0% 11.6%

Market Correlations
versus... Beta R-squared
S&P500 1.16 92%
MSCI EAFE 1.12 75%
MSCI Emg. Mkts. 0.83 64%

Technical Indicators
Recent close $201.51
30d moving avg. $198.69
Annualized volatility 20.5%
Short interest (ETF) 4.1%
Short interest (Underlying) 4.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $73,027

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.7%


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 52.8 40 0 4.8 -1.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 44.0 57 -17 4.8 -1.9
XLK Technology Select Sector SPDR Fund 43.6 13 27 4.6 -2.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 41.1 45 -5 4.7 -2.0
FTEC Fidelity MSCI Information Technology Index ETF 40.5 8 32 4.5 -2.2
VGT Vanguard Information Technology Index Fund 40.4 10 30 4.4 -2.3
IXN iShares Global Tech ETF 38.7 46 -6 4.4 -2.3
FXL First Trust Technology AlphaDEX Fund 38.2 61 -21 3.0 -3.7
RPG Invesco S&P 500 Pure Growth ETF 36.9 35 5 4.4 -2.3
IGM iShares Expanded Tech Sector ETF 36.8 46 -6 3.7 -3.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 34.2 59 -19 4.1 -2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 34.1 35 5 4.3 -2.4
TECB iShares US Tech Breakthrough Multisector ETF 31.4 40 0 3.9 -2.8
IYW iShares U.S. Technology ETF 31.3 42 -2 3.9 -2.8
IETC iShares Evolved U.S. Technology ETF 30.7 18 22 3.7 -3.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 30.6 49 -9 5.2 -1.5
QTUM Defiance Quantum ETF 29.8 40 0 5.6 -1.1
XNTK SPDR NYSE Technology ETF 28.1 35 5 3.5 -3.2
VEGN US Vegan Climate ETF 28.0 60 -20 5.2 -1.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 27.6 50 -10 5.8 -0.9
DEF Invesco Defensive Equity ETF 27.4 55 -15 5.1 -1.6
RNDV US Equity Dividend Select ETF 26.1 50 -10 7.9 +1.2
GDAT Goldman Sachs Motif Data-Driven World Etf 25.9 50 -10 4.8 -1.9
PEXL Pacer US Export Leaders ETF 25.9 60 -20 6.0 -0.7
JMOM JPMorgan U.S. Momentum Factor ETF 25.2 12 28 3.8 -2.9
SMH VanEck Vectors Semiconductor ETF 24.9 35 5 5.3 -1.4
RDVY First Trust Rising Dividend Achievers ETF 24.6 50 -10 8.1 +1.4
RNLC Large Cap US Equity Select ETF 24.6 60 -20 6.3 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 24.3 12 28 5.3 -1.4
NXTG First Trust Indxx NextG ETF 23.8 70 -30 6.1 -0.6
SOXX iShares PHLX Semiconductor ETF 23.5 46 -6 5.2 -1.5
FTC First Trust Large Cap Growth AlphaDEX Fund 23.4 61 -21 2.8 -3.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.4 15 25 6.2 -0.5
CLRG IQ Chaikin U.S. Large Cap ETF 23.3 25 15 6.1 -0.6
FTXL First Trust Nasdaq Semiconductor ETF 23.1 60 -20 4.8 -1.9
AIQ Global X Future Analytics Tech ETF 22.8 68 -28 3.7 -3.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 22.7 59 -19 3.6 -3.1
QGRO American Century STOXX U.S. Quality Growth ETF 22.6 29 11 3.1 -3.6
NUSI Nationwide Risk-Managed Income ETF 22.6 68 -28 3.4 -3.3
FLLV Franklin Liberty U.S. Low Volatility ETF 22.6 29 11 5.9 -0.8
PWB Invesco Dynamic Large Cap Growth ETF 22.5 55 -15 3.3 -3.4
QUS SPDR MSCI USA StrategicFactors ETF 22.5 15 25 5.9 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 22.5 60 -20 3.5 -3.2
DSTL Distillate US Fundamental Stability & Value ETF 22.5 39 1 6.6 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 22.2 4 36 4.3 -2.4
IVW iShares S&P 500 Growth ETF 22.2 18 22 4.1 -2.6
VOOG Vanguard S&P 500 Growth ETF 22.1 10 30 4.2 -2.5
FIVG Defiance Next Gen Connectivity ETF 22.0 30 10 4.8 -1.9
QQQ Invesco QQQ Trust 21.9 20 20 3.7 -3.0
KOIN Innovation Shares NextGen Protocol ETF 21.8 95 -55 4.3 -2.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.8 60 -20 4.3 -2.4
LEGR First Trust Index Digital Transaction & Process Technology E 21.8 65 -25 7.1 +0.4
FVL First Trust Value Line 100 Exchange-Traded Fund 21.7 70 -30 5.2 -1.5
DSI iShares MSCI KLD 400 Social ETF 21.5 25 15 5.1 -1.6
IUSG iShares Core S&P US Growth ETF 21.4 4 36 4.3 -2.4
VONG Vanguard Russell 1000 Growth Index Fund 21.4 8 32 4.2 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 21.3 27 13 5.0 -1.7
IQSU IQ Candriam ESG US Equity ETF 21.2 9 31 5.0 -1.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 21.0 25 15 8.0 +1.3
USMV iShares Edge MSCI Min Vol USA ETF 21.0 15 25 5.6 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 20.9 27 13 5.0 -1.7
VUG Vanguard Growth Index Fund 20.9 4 36 4.0 -2.7
LRGF iShares Edge MSCI Multifactor USA ETF 20.9 20 20 7.4 +0.7
CACG ClearBridge All Cap Growth ETF 20.9 54 -14 4.3 -2.4
BLCN Reality Shares Nasdaq NextGen Economy ETF 20.9 68 -28 3.9 -2.8
FLQL Franklin LibertyQ U.S. Equity ETF 20.7 15 25 6.3 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 20.7 30 10 6.6 -0.1
NULG Nuveen ESG Large-Cap Growth ETF 20.6 35 5 3.5 -3.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.5 75 -35 3.7 -3.0
SPYB SPDR S&P 500 Buyback ETF 20.3 0 40 0.0 -6.7
IGV iShares North American Tech-Software ETF 20.3 46 -6 2.3 -4.4
XT iShares Exponential Technologies ETF 20.2 47 -7 5.0 -1.7
JVAL JPMorgan U.S. Value Factor ETF 20.2 12 28 9.0 +2.3
IWF iShares Russell 1000 Growth ETF 20.2 19 21 4.1 -2.6
PDP Invesco DWA Momentum ETF 20.2 62 -22 2.7 -4.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.1 49 -9 4.1 -2.6
MGK Vanguard Mega Cap Growth ETF 20.0 7 33 4.0 -2.7
SPMO Invesco S&P 500 Momentum ETF 19.9 13 27 4.3 -2.4
STLG iShares Factors US Growth Style ETF 19.7 25 15 3.6 -3.1
SFY SoFi Select 500 ETF 19.5 0 40 5.2 -1.5
SPGP Invesco S&P 500 GARP ETF 19.4 35 5 7.3 +0.6
IWY iShares Russell Top 200 Growth ETF 19.4 20 20 4.0 -2.7
XSW SPDR S&P Software & Services ETF 19.3 35 5 4.0 -2.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 19.3 9 31 5.5 -1.2
SPHQ Invesco S&P 500 Quality ETF 19.3 15 25 4.6 -2.1
ETHO Etho Climate Leadership U.S. ETF 19.3 47 -7 4.4 -2.3
JKE iShares Morningstar Large-Cap Growth ETF 19.3 25 15 2.8 -3.9
THNQ ROBO Global Artificial Intelligence ETF 19.3 68 -28 1.8 -4.9
SPXE ProShares S&P 500 Ex-Energy ETF 19.2 27 13 5.3 -1.4
ESG FlexShares STOXX US ESG Impact Index Fund 19.2 32 8 5.1 -1.6
SUSA iShares MSCI USA ESG Select ETF 19.1 25 15 4.8 -1.9
PBP Invesco S&P 500 BuyWrite ETF 19.1 49 -9 5.0 -1.7
BUL Pacer US Cash Cows Growth ETF 19.0 60 -20 6.2 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.0 20 20 5.4 -1.3
XSD SPDR S&P Semiconductor ETF 18.9 35 5 3.9 -2.8
CATH Global X S&P 500 Catholic Values Custom ETF 18.9 29 11 5.2 -1.5
SPY SPDR S&P 500 ETF Trust 18.8 9 31 5.4 -1.3
SPLG SPDR Portfolio Large Cap ETF 18.8 3 37 5.4 -1.3
IVV iShares Core S&P 500 ETF 18.7 4 36 5.4 -1.3
HSPX Global X S&P 500 Covered Call ETF 18.7 65 -25 4.9 -1.8

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:

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 24.2 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.