Invesco S&P Equal Weight Utilities
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.7x P/Sales
ratio
2.3x
P/BV
ratio
2.3x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Equal Weight Utilities ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the performance of the S&P 500 Equal Weighted Telecommunication Services and Utilities Sector.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Nov 07, 2006
Assets (mns) $397
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 29
Wgt avg mkt cap (mns) $29,406
Large cap (>$10bn) 89.2%
Mid cap ($2-10bn) 10.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SOUTHERN CO 3.7 %
AMERICAN WATER WORKS CO INC 3.7 %
EVERSOURCE ENERGY 3.7 %
PINNACLE WEST CAPITAL 3.7 %
EXELON CORP 3.6 %
WEC ENERGY GROUP INC 3.6 %
NISOURCE INC 3.6 %
AES CORP 3.6 %
ALLIANT ENERGY CORP 3.6 %
CMS ENERGY CORP 3.6 %
Total 36.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
23.0% 23.0% 9.7% 12.2% 8.6%

Market Correlations
versus... Beta R-squared
S&P500 0.20 7%
MSCI EAFE 0.16 4%
MSCI Emg. Mkts. 0.10 2%

Technical Indicators
Recent close $110.30
30d moving avg. $105.36
Annualized volatility 9.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.8%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,835

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Invesco S&P Equal Weight Utilities ETF based on the alternatives' overlap in portfolio holdings with RYU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYU Expense: 40 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYU
Ticker Fund
Name
Overlap1
vs RYU
(%)
Expense
ratio
(bp)
Savings
vs RYU
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYU
(%)
JHMU John Hancock Multifactor Utilities 78.9 40 0 4.8 +0.1
XLU Utilities Select Sector SPDR 73.9 13 27 4.9 +0.1
IDU iShares DJ US Utilities 68.8 43 -3 4.6 -0.2
VPU Vanguard Utilities ETF 67.7 10 30 4.8 +0.0
FUTY Fidelity MSCI Utilities 67.4 8 32 4.8 +0.1
PUI Invesco DWA Utilities Momentum 55.2 60 -20 3.9 -0.9
JXI iShares S&P Global Utilities 53.5 46 -6 5.0 +0.2
UTES Reaves Utilities 52.9 49 -9 4.0 -0.8
FXU First Trust Utilities Alphadex 49.8 63 -23 5.1 +0.3
ECLN First Trust EIP Carbon Impact 43.4 95 -55 3.1 -1.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility 38.4 60 -20 4.2 -0.5
SPLV Invesco S&P 500 Low Volatility 28.7 25 15 5.0 +0.3
GII SPDR FTSE/Macquarie Global Infrastructure 27.9 40 0 4.6 -0.2
IGF iShares S&P Global Infrastructure 27.9 46 -6 4.5 -0.2
EMLP First Trust N. American Energy Infrastructure 27.3 95 -55 4.6 -0.2
LVHD Legg Mason Low Volatility High Dividend ETF 25.2 27 13 6.5 +1.8
DVY iShares Select Dividend 22.4 39 1 7.6 +2.9
NLR VanEck Vectors Nuclear Energy 21.3 60 -20 9.4 +4.7
TPHD Timothy Plan High Dividend Stock 20.9 52 -12 6.4 +1.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 Equal Weight Utilities
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 11.3 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.55
 
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.