Invesco S&P Smallcap 600 Pure Growth ETF
ALTAR
Score™
10.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.4x P/Sales
ratio
0.6x
P/BV
ratio
1.4x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Smallcap 600 Pure Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P Smallcap 600/Citigroup Pure Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 07, 2006
Assets (mns) $75
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 140
Wgt avg mkt cap (mns) $1,346
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 24.1%
Small cap (<$2bn) 75.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KINSALE CAPITAL GROUP, INC. 2.2 %
SAFEHOLD, INC. 2.2 %
INNOVATIVE INDUSTRIAL PROPERTIES I 2.1 %
EHEALTH INC 2.0 %
KEMET CORP 1.5 %
MEDPACE HOLDINGS, INC. 1.5 %
WINGSTOP, INC. 1.5 %
FEDERAL SIGNAL CORP 1.4 %
BROOKS AUTOMATION INC 1.3 %
INNOVIVA, INC. 1.3 %
Total 16.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
CAYMAN ISLANDS 0.7 %
PUERTO RICO 0.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-35.2% -32.0% -2.3% 7.2% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.43 81%
MSCI EAFE 1.29 64%
MSCI Emg. Mkts. 0.97 53%

Technical Indicators
Recent close $68.43
30d moving avg. $86.92
Annualized volatility 24.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 7.4%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.9%
Bid/Ask (% of price) 1.40%
ADV underlying (mns) $2,360

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P Smallcap 600 Pure Growth ETF ETF based on the alternatives' overlap in portfolio holdings with RZG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RZG Expense: 35 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RZG
Ticker Fund
Name
Overlap1
vs RZG
(%)
Expense
ratio
(bp)
Savings
vs RZG
(bp)
ALTAR
Score™
(%)
ALTAR
vs RZG
(%)
IJT iShares S&P Small-Cap 600 Growth ETF 51.8 25 10 7.7 -2.4
SLYG SPDR S&P 600 Small Cap Growth ETF 51.8 15 20 7.8 -2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 51.0 16 19 7.8 -2.3
PXSG Invesco S&P SmallCap Momentum ETF 34.7 39 -4 7.7 -2.4
SLY SPDR S&P 600 Small Cap ETF 31.3 15 20 9.8 -0.3
IJR iShares Core S&P Small Cap ETF 31.3 7 28 9.9 -0.2
SPSM SPDR Portfolio Small Cap ETF 31.3 5 30 9.9 -0.2
VIOO Vanguard S&P Small-Cap 600 ETF 30.5 10 25 9.8 -0.2
FYC First Trust Small Cap Growth AlphaDEX Fund 26.8 70 -35 3.7 -6.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 24.4 40 -5 9.2 -0.9
PSCT Invesco S&P SmallCap Information Technology ETF 24.0 29 6 7.8 -2.3
XSHQ Invesco S&P SmallCap Quality ETF 23.0 29 6 8.1 -1.9
SCAP AdvisorShares Cornerstone Small Cap ETF 22.1 90 -55 7.9 -2.1
PSC Principal U.S. Small Cap Index ETF 21.2 38 -3 11.0 +0.9
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 20.8 39 -4 8.9 -1.2
DWAS Invesco DWA SmallCap Momentum ETF 19.6 60 -25 -1.2 -11.2
JSML Janus Henderson Small Cap Growth Alpha ETF 19.6 35 0 9.5 -0.6
AFSM First Trust Active Factor Small Cap ETF 18.5 75 -40 9.8 -0.3
TPSC Timothy Plan US Small Cap Core ETF 18.1 52 -17 11.2 +1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 18.0 35 0 9.4 -0.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 17.7 39 -4 9.9 -0.2
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 17.3 35 0 11.8 +1.7
FYX First Trust Small Cap Core AlphaDEX Fund 16.9 63 -28 9.2 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 16.4 29 6 8.6 -1.5
IWO iShares Russell 2000 Growth ETF 16.1 24 11 1.6 -8.5
VTWG Vanguard Russell 2000 Growth Index Fund 16.1 15 20 1.8 -8.3
PSCI Invesco S&P SmallCap Industrials ETF 16.0 29 6 10.2 +0.1
CALF Pacer US Small Cap Cash Cows 100 ETF 15.3 59 -24 18.1 +8.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.2 24 11 11.3 +1.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 14.6 29 6 3.5 -6.6
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 14.5 29 6 14.6 +4.5
ROGS Hartford Multifactor Global Small Cap ETF 14.5 34 1 12.0 +1.9
XSLV Invesco S&P SmallCap Low Volatility ETF 14.4 25 10 12.0 +1.9
ISMD Inspire Small/Mid Cap Impact ETF 14.0 61 -26 9.8 -0.3
JKK iShares Morningstar Small-Cap Growth ETF 13.7 30 5 2.2 -7.9
PSCH Invesco S&P SmallCap Health Care ETF 13.2 29 6 4.4 -5.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.0 20 15 9.0 -1.1
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 12.7 35 0 11.8 +1.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.7 30 5 10.9 +0.8
RNSC Small Cap US Equity Select ETF 12.4 60 -25 9.7 -0.3
PSCF Invesco S&P SmallCap Financials ETF 11.7 29 6 15.8 +5.7
CSML IQ Chaikin U.S. Small Cap ETF 11.4 35 0 7.9 -2.2
IWM iShares Russell 2000 ETF 11.2 19 16 5.6 -4.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 11.2 38 -3 13.6 +3.6
VTWO Vanguard Russell 2000 Index Fund 11.2 10 25 5.8 -4.3
VAMO Cambria Value & Momentum ETF 10.8 64 -29 9.7 -0.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 10.3 39 -4 16.4 +6.3
EES WisdomTree SmallCap Earnings Fund 9.9 38 -3 18.6 +8.5
XSW SPDR S&P Software & Services ETF 9.3 35 0 5.2 -4.9
SQLV Legg Mason Small-Cap Quality Value 9.1 62 -27 11.7 +1.6
FSMD Fidelity Small-Mid Factor ETF 8.9 29 6 10.1 +0.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.8 35 0 7.9 -2.1
AVUV Avantis U.S. Small Cap Value ETF 8.7 25 10 13.9 +3.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 8.6 12 23 12.0 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.6 39 -4 6.5 -3.6
JKJ iShares Morningstar Small-Cap ETF 8.4 25 10 9.3 -0.8
SCHA Schwab U.S. Small-Cap ETF 8.4 4 31 7.5 -2.6
VFMF Vanguard U.S. Multifactor ETF 8.0 18 17 11.2 +1.1
DES WisdomTree U.S. SmallCap Dividend Fund 8.0 38 -3 12.7 +2.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 7.8 125 -90 -3.4 -13.5
BFOR Barron's 400 ETF 7.6 66 -31 9.2 -0.8
IUSS Invesco Strategic US Small Company ETF 7.4 23 12 9.1 -0.9
JHSC John Hancock Multifactor Small Cap ETF 7.4 50 -15 8.9 -1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.0 20 15 7.9 -2.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 6.7 6 29 8.1 -2.0
VFMO Vanguard U.S. Momentum Factor ETF 6.6 13 22 4.8 -5.3
VBK Vanguard Small-Cap Growth Index Fund 6.4 7 28 3.9 -6.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 6.4 66 -31 4.3 -5.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.4 17 18 7.4 -2.7
NUSC Nuveen ESG Small-Cap ETF 6.2 40 -5 7.6 -2.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 6.1 48 -13 9.1 -1.0
ITB iShares U.S. Home Construction ETF 6.0 42 -7 15.4 +5.3
FYT First Trust Small Cap Value AlphaDEX Fund 5.9 72 -37 14.1 +4.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.9 25 10 9.9 -0.2
VFQY Vanguard U.S. Quality Factor ETF 5.9 13 22 8.7 -1.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 5.8 68 -33 1.0 -9.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.7 30 5 17.6 +7.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 5.7 20 15 10.5 +0.5
NETL NETLease Corporate Real Estate ETF 5.6 60 -25 11.4 +1.4
IWC iShares Micro-Cap ETF 5.4 60 -25 -5.0 -15.1
KOMP SPDR Kensho New Economies Composite ETF 5.4 20 15 2.8 -7.3
IWN iShares Russell 2000 Value ETF 5.3 24 11 10.4 +0.3
VTWV Vanguard Russell 2000 Value Index Fund 5.2 15 20 10.5 +0.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 5.2 70 -35 4.7 -5.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 5.1 29 6 16.1 +6.0
PLCY EventShares U.S. Legislative Opportunities ETF 5.0 75 -40 5.5 -4.6
FFTY Innovator IBD 50 ETF 5.0 80 -45 5.8 -4.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.0 60 -25 13.1 +3.0
VUSE Vident Core US Equity Fund 4.8 48 -13 11.3 +1.2
BUY USCF SummerHaven SHPEI Index Fund 4.7 80 -45 17.6 +7.5
VB Vanguard Small-Cap ETF 4.7 5 30 8.2 -1.8
ROOF IQ US Real Estate Small Cap ETF 4.6 70 -35 15.6 +5.5
PKB Invesco Dynamic Building & Construction ETF 4.6 60 -25 12.8 +2.7
FITE SPDR Kensho Future Security ETF 4.5 45 -10 5.2 -4.9
VXF Vanguard Extended Market Index Fund 4.3 7 28 6.0 -4.1
PJP Invesco Dynamic Pharmaceuticals ETF 4.2 56 -21 12.6 +2.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 4.2 49 -14 5.1 -5.0
PFI Invesco DWA Financial Momentum ETF 4.1 60 -25 4.3 -5.8
OSCV Opus Small Cap Value Plus ETF 4.1 79 -44 8.4 -1.7
PTH Invesco DWA Healthcare Momentum ETF 4.0 60 -25 -3.0 -13.1

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 Smallcap 600 Pure Growth 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 14.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.51
 
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.