Invesco S&P Smallcap 600 Pure Growth ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.8x P/Sales
ratio
1.2x
P/BV
ratio
2.6x Div.
yield
0.9%


  • 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 01, 2006
Assets (mns) $107
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 137
Wgt avg mkt cap (mns) $1,825
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.6%
Small cap (<$2bn) 62.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KINSALE CAPITAL GROUP, INC. 2.9 %
INNOVATIVE INDUSTRIAL PROPERTIES I 2.5 %
LGI HOMES INC 2.3 %
SAFEHOLD, INC. 2.1 %
INSTALLED BUILDING PRODUCTS 2.1 %
RENT-A-CENTER INC 1.6 %
SIMULATIONS PLUS INC 1.6 %
TECHTARGET 1.5 %
VIRTUS INVESTMENT PARTNERS 1.5 %
BROOKS AUTOMATION INC 1.5 %
Total 19.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
CAYMAN ISLANDS 0.5 %
PUERTO RICO 0.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.4% 0.6% 6.4% 10.6% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.35 83%
MSCI EAFE 1.38 72%
MSCI Emg. Mkts. 1.03 63%

Technical Indicators
Recent close $113.04
30d moving avg. $108.41
Annualized volatility 26.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 7.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $2,362

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™: 5.7%


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
(%)
SLYG SPDR S&P 600 Small Cap Growth ETF 53.4 15 20 5.3 -0.4
IJT iShares S&P Small-Cap 600 Growth ETF 53.0 25 10 5.4 -0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 51.6 16 19 5.2 -0.5
PXSG Invesco S&P SmallCap Momentum ETF 37.4 39 -4 3.7 -2.0
VIOO Vanguard S&P Small-Cap 600 ETF 31.6 10 25 6.8 +1.1
SPSM SPDR Portfolio Small Cap ETF 30.9 5 30 6.9 +1.2
SLY SPDR S&P 600 Small Cap ETF 30.8 15 20 6.8 +1.1
IJR iShares Core S&P Small Cap ETF 30.6 6 29 6.9 +1.2
SSLY Syntax Stratified SmallCap ETF 25.2 30 5 6.4 +0.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 23.5 40 -5 7.1 +1.4
PSCT Invesco S&P SmallCap Information Technology ETF 21.1 29 6 5.7 +0.0
FYC First Trust Small Cap Growth AlphaDEX Fund 19.3 70 -35 1.8 -3.9
XSLV Invesco S&P SmallCap Low Volatility ETF 19.3 25 10 5.5 -0.2
XSHQ Invesco S&P SmallCap Quality ETF 17.7 29 6 6.6 +0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 17.5 35 0 5.8 +0.2
TPSC Timothy Plan US Small Cap Core ETF 17.4 52 -17 7.9 +2.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 17.1 29 6 7.5 +1.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 16.5 29 6 4.9 -0.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.8 39 -4 6.8 +1.1
IWO iShares Russell 2000 Growth ETF 15.6 24 11 -0.1 -5.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 15.5 35 0 7.7 +2.0
PSCI Invesco S&P SmallCap Industrials ETF 15.2 29 6 6.3 +0.6
PSCF Invesco S&P SmallCap Financials ETF 14.7 29 6 11.1 +5.5
JSML Janus Henderson Small Cap Growth Alpha ETF 14.6 30 5 7.8 +2.1
PSC Principal U.S. Small Cap Index ETF 14.5 38 -3 6.7 +1.0
ISMD Inspire Small/Mid Cap Impact ETF 14.4 60 -25 4.8 -0.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 14.1 29 6 0.2 -5.5
AFSM First Trust Active Factor Small Cap ETF 14.1 75 -40 5.3 -0.4
PSCH Invesco S&P SmallCap Health Care ETF 13.9 29 6 2.8 -2.9
VTWG Vanguard Russell 2000 Growth Index Fund 13.5 15 20 0.1 -5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.5 20 15 4.7 -1.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.4 38 -3 8.3 +2.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 12.4 35 0 7.8 +2.1
CSML IQ Chaikin U.S. Small Cap ETF 11.7 35 0 3.8 -1.9
ROGS Hartford Multifactor Global Small Cap ETF 11.7 34 1 8.0 +2.3
DWAS Invesco DWA SmallCap Momentum ETF 11.5 60 -25 -2.0 -7.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 11.5 24 11 6.3 +0.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.3 30 5 7.4 +1.7
FYX First Trust Small Cap Core AlphaDEX Fund 11.2 63 -28 6.0 +0.3
IWM iShares Russell 2000 ETF 10.8 19 16 3.3 -2.4
VTWO Vanguard Russell 2000 Index Fund 10.7 10 25 3.5 -2.2
EES WisdomTree SmallCap Earnings Fund 10.3 38 -3 10.0 +4.3
RNSC Small Cap US Equity Select ETF 9.9 60 -25 7.0 +1.3
VAMO Cambria Value & Momentum ETF 9.7 63 -28 5.9 +0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 9.4 12 23 7.5 +1.8
JKK iShares Morningstar Small-Cap Growth ETF 9.4 30 5 1.0 -4.7
DES WisdomTree U.S. SmallCap Dividend Fund 8.8 38 -3 8.3 +2.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.8 39 -4 9.0 +3.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.8 80 -45 5.7 -0.0
SQLV Legg Mason Small-Cap Quality Value 8.8 62 -27 6.2 +0.5
PFI Invesco DWA Financial Momentum ETF 8.4 60 -25 5.7 -0.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.3 39 -4 4.5 -1.2
XSW SPDR S&P Software & Services ETF 8.3 35 0 4.3 -1.4
SCHA Schwab U.S. Small-Cap ETF 7.8 4 31 4.6 -1.1
NUSC Nuveen ESG Small-Cap ETF 7.5 40 -5 4.7 -1.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.4 30 5 9.0 +3.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.1 70 -35 2.0 -3.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.9 60 -25 7.8 +2.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 6.7 20 15 4.6 -1.1
IUSS Invesco Strategic US Small Company ETF 6.5 23 12 5.1 -0.6
BFOR Barron's 400 ETF 6.5 65 -30 6.3 +0.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.4 17 18 4.7 -1.0
FSMD Fidelity Small-Mid Factor ETF 6.4 29 6 6.1 +0.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.3 30 5 5.4 -0.3
JHSC John Hancock Multifactor Small Cap ETF 6.2 42 -7 5.5 -0.2
AVUV Avantis U.S. Small Cap Value ETF 6.2 25 10 7.9 +2.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 6.1 66 -31 2.2 -3.5
OSCV Opus Small Cap Value Plus ETF 6.1 79 -44 5.4 -0.3
VFMF Vanguard U.S. Multifactor ETF 6.0 19 16 7.2 +1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 6.0 6 29 5.0 -0.7
NETL NETLease Corporate Real Estate ETF 5.9 60 -25 8.3 +2.6
ROOF IQ US Real Estate Small Cap ETF 5.8 70 -35 11.8 +6.1
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 5.8 125 -90 -3.0 -8.7
JKJ iShares Morningstar Small-Cap ETF 5.7 25 10 6.3 +0.6
IWN iShares Russell 2000 Value ETF 5.5 24 11 6.7 +1.0
BKSE BNY Mellon US Small Cap Core Equity ETF 5.5 4 31 5.6 -0.1
VBK Vanguard Small-Cap Growth Index Fund 5.5 7 28 2.2 -3.5
ITB iShares U.S. Home Construction ETF 5.5 42 -7 7.3 +1.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.5 25 10 7.2 +1.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 5.4 68 -33 0.1 -5.6
PKB Invesco Dynamic Building & Construction ETF 5.4 59 -24 5.9 +0.2
IWC iShares Micro-Cap ETF 5.1 60 -25 -3.8 -9.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 5.0 39 -4 6.4 +0.7
CALF Pacer US Small Cap Cash Cows 100 ETF 4.9 59 -24 8.8 +3.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 4.9 29 6 5.7 0.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.8 20 15 9.1 +3.4
VUSE Vident Core US Equity Fund 4.4 48 -13 8.7 +3.0
PSI Invesco Dynamic Semiconductors ETF 4.4 57 -22 4.6 -1.1
RYJ Invesco Raymond James SB-1 Equity ETF 4.4 76 -41 3.3 -2.4
VFQY Vanguard U.S. Quality Factor ETF 4.3 13 22 6.3 +0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 4.1 61 -26 6.3 +0.6
RNMC Mid Cap US Equity Select ETF 4.1 60 -25 7.4 +1.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.1 48 -13 6.2 +0.5
VTWV Vanguard Russell 2000 Value Index Fund 4.1 15 20 6.9 +1.2
KOMP SPDR Kensho New Economies Composite ETF 4.0 20 15 2.2 -3.5
VB Vanguard Small-Cap ETF 3.9 5 30 5.1 -0.6
XHB SPDR S&P Homebuilders ETF 3.8 35 0 6.7 +1.0
XHS SPDR S&P Health Care Services ETF 3.7 35 0 4.1 -1.6
FYT First Trust Small Cap Value AlphaDEX Fund 3.7 72 -37 9.4 +3.7
PSCE Invesco S&P SmallCap Energy ETF 3.7 29 6 0.1 -5.6

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:

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 14.2 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.