Invesco S&P Smallcap 600 Pure Value ETF
ALTAR
Score™
7.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
-49.8x P/Sales
ratio
0.3x
P/BV
ratio
0.8x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Smallcap 600 Pure Value 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 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 01, 2006
Assets (mns) $153
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 141
Wgt avg mkt cap (mns) $1,148
Large cap (>$10bn) 1.3%
Mid cap ($2-10bn) 8.4%
Small cap (<$2bn) 90.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ATLAS AIR WORLDWIDE HOLDINGS 2.7 %
RENEWABLE ENERGY GROUP INC 2.6 %
MARINEMAX INC 2.3 %
SOUTHWESTERN ENERGY CO 2.1 %
RESIDEO TECHNOLOGIES, INC. 2.0 %
TUPPERWARE BRANDS CORP 1.8 %
MACY'S INC 1.8 %
FOSSIL INC 1.8 %
BIG LOTS INC 1.8 %
COOPER-STANDARD HOLDING 1.7 %
Total 20.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
BERMUDA 2.2 %
BRITAIN 0.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.9% -4.4% 2.7% 7.0% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.74 78%
MSCI EAFE 1.73 75%
MSCI Emg. Mkts. 1.43 65%

Technical Indicators
Recent close $63.85
30d moving avg. $58.08
Annualized volatility 36.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 7.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 31
Turnover 1.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $2,081

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P Smallcap 600 Pure Value ETF ETF based on the alternatives' overlap in portfolio holdings with RZV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RZV Expense: 35 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RZV
Ticker Fund
Name
Overlap1
vs RZV
(%)
Expense
ratio
(bp)
Savings
vs RZV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RZV
(%)
RWJ Invesco S&P SmallCap 600 Revenue ETF 40.5 39 -4 5.9 -1.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 32.8 39 -4 8.2 +1.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 32.1 15 20 7.8 +0.5
SLYV SPDR S&P 600 Small Cap Value ETF 31.5 15 20 8.0 +0.7
IJS iShares S&P Small-cap 600 Value ETF 31.0 25 10 7.8 +0.6
CALF Pacer US Small Cap Cash Cows 100 ETF 29.8 59 -24 8.3 +1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 24.3 39 -4 4.9 -2.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 23.8 40 -5 6.3 -0.9
SSLY Syntax Stratified SmallCap ETF 23.7 30 5 5.8 -1.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 21.6 29 6 7.6 +0.4
EES WisdomTree SmallCap Earnings Fund 17.4 38 -3 9.2 +2.0
SLY SPDR S&P 600 Small Cap ETF 16.5 15 20 6.4 -0.8
SPSM SPDR Portfolio Small Cap ETF 16.5 5 30 6.5 -0.7
IJR iShares Core S&P Small Cap ETF 16.3 6 29 6.5 -0.8
VIOO Vanguard S&P Small-Cap 600 ETF 16.2 10 25 6.2 -1.0
SQLV Legg Mason Small-Cap Quality Value 14.9 62 -27 5.7 -1.5
AVUV Avantis U.S. Small Cap Value ETF 14.7 25 10 7.1 -0.1
VAMO Cambria Value & Momentum ETF 13.7 63 -28 6.0 -1.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.1 24 11 6.0 -1.2
IUSS Invesco Strategic US Small Company ETF 12.7 23 12 4.5 -2.8
PSCE Invesco S&P SmallCap Energy ETF 12.5 29 6 0.1 -7.1
ROGS Hartford Multifactor Global Small Cap ETF 11.7 34 1 7.4 +0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.5 29 6 4.5 -2.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 11.4 25 10 6.4 -0.8
PXSG Invesco S&P SmallCap Momentum ETF 11.4 39 -4 4.2 -3.1
PSCI Invesco S&P SmallCap Industrials ETF 11.3 29 6 5.8 -1.4
XRT SPDR S&P Retail ETF 11.2 35 0 5.2 -2.1
DEEP Roundhill Acquirers Deep Value ETF 11.0 80 -45 8.7 +1.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 10.8 29 6 5.6 -1.7
FYT First Trust Small Cap Value AlphaDEX Fund 10.6 72 -37 9.7 +2.4
AFSM First Trust Active Factor Small Cap ETF 10.6 75 -40 5.2 -2.0
IWN iShares Russell 2000 Value ETF 10.6 24 11 5.9 -1.3
FYX First Trust Small Cap Core AlphaDEX Fund 9.9 63 -28 6.6 -0.6
CSML IQ Chaikin U.S. Small Cap ETF 9.5 35 0 3.6 -3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 9.1 39 -4 4.2 -3.1
RNSC Small Cap US Equity Select ETF 8.7 60 -25 7.0 -0.3
PSCF Invesco S&P SmallCap Financials ETF 8.6 29 6 10.0 +2.8
VTWV Vanguard Russell 2000 Value Index Fund 8.6 15 20 6.0 -1.2
VUSE Vident Core US Equity Fund 8.2 48 -13 8.2 +0.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.9 30 5 7.0 -0.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.7 30 5 8.1 +0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 7.6 35 0 5.5 -1.8
DES WisdomTree U.S. SmallCap Dividend Fund 7.5 38 -3 7.7 +0.4
IWC iShares Micro-Cap ETF 7.5 60 -25 -3.7 -10.9
DWAS Invesco DWA SmallCap Momentum ETF 7.2 60 -25 -1.5 -8.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 7.0 29 6 4.9 -2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.0 20 15 4.3 -3.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 6.9 35 0 7.0 -0.2
PSCM Invesco S&P SmallCap Materials ETF 6.7 29 6 7.8 +0.6
FYC First Trust Small Cap Growth AlphaDEX Fund 6.6 70 -35 2.1 -5.2
XSHQ Invesco S&P SmallCap Quality ETF 6.5 29 6 6.2 -1.1
STSB iShares Factors US Small Blend Style ETF 6.5 35 0 3.0 -4.2
TPSC Timothy Plan US Small Cap Core ETF 6.2 52 -17 6.7 -0.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 6.1 125 -90 -2.5 -9.7
PSC Principal U.S. Small Cap Index ETF 6.0 38 -3 5.5 -1.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 5.7 35 0 7.2 -0.0
ISMD Inspire Small/Mid Cap Impact ETF 5.5 60 -25 4.3 -2.9
IWM iShares Russell 2000 ETF 5.5 19 16 3.0 -4.3
VTWO Vanguard Russell 2000 Index Fund 5.5 10 25 3.0 -4.2
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 5.2 60 -25 1.7 -5.5
XTN SPDR S&P Transportation ETF 5.1 35 0 3.4 -3.9
XOP SPDR S&P Oil & Gas Exploration & Production ETF 5.0 35 0 3.5 -3.7
VFMF Vanguard U.S. Multifactor ETF 4.9 19 16 6.7 -0.6
FDM First Trust Dow Jones Select Microcap Index Fund 4.9 60 -25 2.5 -4.7
VFQY Vanguard U.S. Quality Factor ETF 4.5 13 22 6.0 -1.3
SYLD Cambria Shareholder Yield ETF 4.4 59 -24 7.6 +0.4
SCHA Schwab U.S. Small-Cap ETF 4.3 4 31 4.2 -3.0
NUSC Nuveen ESG Small-Cap ETF 4.0 40 -5 4.3 -2.9
VBR Vanguard Small Cap Value Index Fund 4.0 7 28 7.3 +0.1
FCG First Trust Natural Gas ETF 3.8 60 -25 0.9 -6.4
PBJ Invesco Dynamic Food & Beverage ETF 3.8 63 -28 6.3 -1.0
PXI Invesco DWA Energy Momentum ETF 3.7 60 -25 0.4 -6.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 3.6 12 23 6.8 -0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 3.6 14 21 3.8 -3.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 3.6 35 0 8.7 +1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 3.5 25 10 5.2 -2.0
PSCT Invesco S&P SmallCap Information Technology ETF 3.3 29 6 5.0 -2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.2 6 29 4.6 -2.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.1 17 18 4.4 -2.9
FTXN First Trust Nasdaq Oil & Gas ETF 3.1 60 -25 2.2 -5.0
FSMD Fidelity Small-Mid Factor ETF 3.0 29 6 5.8 -1.4
PSCU Invesco S&P SmallCap Utilities ETF 3.0 29 6 2.7 -4.5
PAVE Global X U.S. Infrastructure Development ETF 2.9 47 -12 4.6 -2.6
IFRA iShares U.S. Infrastructure ETF 2.8 40 -5 5.1 -2.1
KOMP SPDR Kensho New Economies Composite ETF 2.8 20 15 2.2 -5.1
PXE Invesco Dynamic Energy Exploration & Production ETF 2.7 63 -28 2.0 -5.2
VFMO Vanguard U.S. Momentum Factor ETF 2.7 13 22 0.3 -6.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 2.7 20 15 8.0 +0.8
FAB First Trust Multi Cap Value AlphaDEX Fund 2.7 71 -36 8.5 +1.3
JKL iShares Morningstar Small Cap Value ETF 2.6 30 5 8.6 +1.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 2.5 38 -3 7.8 +0.5
NIFE Direxion Fallen Knives ETF 2.5 50 -15 4.8 -2.5
PSL Invesco DWA Consumer Staples Momentum ETF 2.5 60 -25 4.9 -2.3
CSD Invesco S&P Spin-Off ETF 2.5 62 -27 4.7 -2.6
ACES ALPS Clean Energy ETF 2.4 65 -30 0.4 -6.8
SMDV ProShares Russell 2000 Dividend Growers ETF 2.4 41 -6 6.1 -1.2
PWC Invesco Dynamic Market ETF 2.4 58 -23 5.6 -1.6
HOMZ Hoya Capital Housing ETF 2.4 30 5 7.1 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 2.3 25 10 6.1 -1.2

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.