Invesco S&P Smallcap 600 Pure Value ETF
ALTAR
Score™
13.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
-78.4x P/Sales
ratio
0.1x
P/BV
ratio
0.3x Div.
yield
3.3%


  • 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 07, 2006
Assets (mns) $74
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 147
Wgt avg mkt cap (mns) $570
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 97.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONSOLIDATED COMMUNICATIONS HOLDIN 2.8 %
SOUTHWESTERN ENERGY CO 2.7 %
SPARTANNASH CO 2.6 %
ATLAS AIR WORLDWIDE HOLDINGS 2.2 %
ANDERSONS INC/THE 2.0 %
SENECA FOODS CORP - CL A 1.9 %
OFFICE DEPOT INC 1.9 %
RENEWABLE ENERGY GROUP INC 1.9 %
EZCORP INC-CL A 1.7 %
FRESH DEL MONTE PRODUCE INC 1.7 %
Total 21.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
CAYMAN ISLANDS 1.2 %
BERMUDA 1.0 %
BRITAIN 0.3 %







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.
-50.2% -46.4% -10.5% 0.4% 0.2%

Market Correlations
versus... Beta R-squared
S&P500 1.70 70%
MSCI EAFE 1.64 64%
MSCI Emg. Mkts. 1.21 50%

Technical Indicators
Recent close $31.43
30d moving avg. $41.46
Annualized volatility 30.9%
Short interest (ETF) 1.0%
Short interest (Underlying) 7.7%
Relative strength (RSI) 25

Liquidity measures
Avg. volume (thou.) 68
Turnover 2.9%
Bid/Ask (% of price) 2.02%
ADV underlying (mns) $1,249

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 13.3%


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 37.0 39 -4 9.9 -3.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 33.5 39 -4 16.4 +3.1
SLYV SPDR S&P 600 Small Cap Value ETF 26.9 15 20 12.6 -0.7
IJS iShares S&P Small-cap 600 Value ETF 26.9 25 10 12.4 -0.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 26.4 15 20 12.6 -0.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.8 40 -5 9.2 -4.1
FYT First Trust Small Cap Value AlphaDEX Fund 20.6 72 -37 14.1 +0.8
CALF Pacer US Small Cap Cash Cows 100 ETF 17.4 59 -24 18.1 +4.9
BUY USCF SummerHaven SHPEI Index Fund 16.9 80 -45 17.6 +4.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 15.0 29 6 14.6 +1.3
PSCE Invesco S&P SmallCap Energy ETF 14.4 29 6 -7.8 -21.1
EES WisdomTree SmallCap Earnings Fund 13.0 38 -3 18.6 +5.3
IJR iShares Core S&P Small Cap ETF 12.8 7 28 9.9 -3.4
SLY SPDR S&P 600 Small Cap ETF 12.7 15 20 9.8 -3.5
SPSM SPDR Portfolio Small Cap ETF 12.7 5 30 9.9 -3.4
VIOO Vanguard S&P Small-Cap 600 ETF 12.6 10 25 9.8 -3.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 12.3 29 6 16.1 +2.8
FYX First Trust Small Cap Core AlphaDEX Fund 11.7 63 -28 9.2 -4.1
PSCC Invesco S&P SmallCap Consumer Staples ETF 11.4 29 6 6.7 -6.5
VALX Validea Market Legends ETF 11.2 79 -44 19.2 +6.0
SQLV Legg Mason Small-Cap Quality Value 11.0 62 -27 11.7 -1.6
AVUV Avantis U.S. Small Cap Value ETF 11.0 25 10 13.9 +0.7
ROGS Hartford Multifactor Global Small Cap ETF 10.1 34 1 12.0 -1.3
VTWV Vanguard Russell 2000 Value Index Fund 9.2 15 20 10.5 -2.7
IWN iShares Russell 2000 Value ETF 9.2 24 11 10.4 -2.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.0 30 5 17.6 +4.3
FDM First Trust Dow Jones Select Microcap Index Fund 8.9 60 -25 11.9 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 8.8 29 6 8.6 -4.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.5 39 -4 6.5 -6.8
PSCI Invesco S&P SmallCap Industrials ETF 8.5 29 6 10.2 -3.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 8.3 25 10 9.9 -3.4
CSML IQ Chaikin U.S. Small Cap ETF 8.3 35 0 7.9 -5.4
AFSM First Trust Active Factor Small Cap ETF 8.3 75 -40 9.8 -3.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 8.1 24 11 11.3 -2.0
BUYN USCF SummerHaven SHPEN Index Fund 8.1 80 -45 23.7 +10.5
VFVA Vanguard U.S. Value Factor ETF 8.0 13 22 16.9 +3.7
VAMO Cambria Value & Momentum ETF 7.9 64 -29 9.7 -3.5
PSCF Invesco S&P SmallCap Financials ETF 7.9 29 6 15.8 +2.5
XSHQ Invesco S&P SmallCap Quality ETF 7.5 29 6 8.1 -5.1
RNSC Small Cap US Equity Select ETF 7.5 60 -25 9.7 -3.5
XRT SPDR S&P Retail ETF 7.5 35 0 12.1 -1.2
IUSS Invesco Strategic US Small Company ETF 7.5 23 12 9.1 -4.1
DES WisdomTree U.S. SmallCap Dividend Fund 7.0 38 -3 12.7 -0.6
XOP SPDR S&P Oil & Gas Exploration & Production ETF 6.7 35 0 6.0 -7.3
PSCT Invesco S&P SmallCap Information Technology ETF 6.4 29 6 7.8 -5.5
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 6.2 35 0 11.8 -1.5
PSCM Invesco S&P SmallCap Materials ETF 6.1 29 6 13.9 +0.6
TPSC Timothy Plan US Small Cap Core ETF 5.9 52 -17 11.2 -2.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 5.8 30 5 10.9 -2.4
XTN SPDR S&P Transportation ETF 5.6 35 0 10.5 -2.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.6 20 15 9.0 -4.3
SCAP AdvisorShares Cornerstone Small Cap ETF 5.4 90 -55 7.9 -5.3
ISMD Inspire Small/Mid Cap Impact ETF 5.3 61 -26 9.8 -3.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 5.1 35 0 9.4 -3.9
VUSE Vident Core US Equity Fund 5.1 48 -13 11.3 -2.0
IWC iShares Micro-Cap ETF 4.9 60 -25 -5.0 -18.3
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 4.8 35 0 12.8 -0.5
PSC Principal U.S. Small Cap Index ETF 4.7 38 -3 11.0 -2.3
SMDV ProShares Russell 2000 Dividend Growers ETF 4.6 40 -5 8.7 -4.5
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 4.5 35 0 11.8 -1.5
VTWO Vanguard Russell 2000 Index Fund 4.5 10 25 5.8 -7.5
IWM iShares Russell 2000 ETF 4.5 19 16 5.6 -7.6
FCG First Trust Natural Gas ETF 4.2 60 -25 13.7 +0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 4.2 71 -36 13.7 +0.4
NUSC Nuveen ESG Small-Cap ETF 4.1 40 -5 7.6 -5.6
PSL Invesco DWA Consumer Staples Momentum ETF 4.0 60 -25 4.8 -8.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.9 38 -3 13.6 +0.3
SYLD Cambria Shareholder Yield ETF 3.9 59 -24 15.5 +2.2
IFRA iShares U.S. Infrastructure ETF 3.9 40 -5 7.9 -5.3
PSCU Invesco S&P SmallCap Utilities ETF 3.8 29 6 3.5 -9.8
PAVE Global X U.S. Infrastructure Development ETF 3.7 47 -12 8.4 -4.9
VBR Vanguard Small Cap Value Index Fund 3.7 7 28 12.3 -1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.6 17 18 7.4 -5.9
PXE Invesco Dynamic Energy Exploration & Production ETF 3.5 63 -28 4.0 -9.2
SCHA Schwab U.S. Small-Cap ETF 3.4 4 31 7.5 -5.8
FTXN First Trust Nasdaq Oil & Gas ETF 3.3 60 -25 7.3 -6.0
XSLV Invesco S&P SmallCap Low Volatility ETF 3.3 25 10 12.0 -1.3
PXSG Invesco S&P SmallCap Momentum ETF 3.3 39 -4 7.7 -5.6
PXI Invesco DWA Energy Momentum ETF 3.2 60 -25 8.0 -5.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 3.1 12 23 12.0 -1.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.0 60 -25 13.1 -0.2
DWAS Invesco DWA SmallCap Momentum ETF 2.8 60 -25 -1.2 -14.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.7 6 29 8.1 -5.2
SOIL Global X Fertilizers/Potash ETF 2.7 69 -34 7.4 -5.9
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 2.6 39 -4 8.9 -4.4
VFLQ Vanguard U.S. Liquidity Factor ETF 2.6 13 22 5.5 -7.8
WBIY WBI Power Factor High Dividend ETF 2.6 70 -35 20.3 +7.1
VFMF Vanguard U.S. Multifactor ETF 2.6 18 17 11.2 -2.1
JKL iShares Morningstar Small Cap Value ETF 2.4 30 5 15.4 +2.1
VFQY Vanguard U.S. Quality Factor ETF 2.4 13 22 8.7 -4.6
PLCY EventShares U.S. Legislative Opportunities ETF 2.2 75 -40 5.5 -7.8
KSCD KFA Small Cap Quality Dividend Index ETF 2.2 51 -16 7.7 -5.5
PSCH Invesco S&P SmallCap Health Care ETF 2.1 29 6 4.4 -8.9
IEZ iShares U.S. Oil Equipment & Services ETF 2.0 42 -7 -6.8 -20.1
AIRR First Trust RBA American Industrial Renaissance ETF 2.0 70 -35 10.1 -3.2
XME SPDR S&P Metals & Mining ETF 2.0 35 0 12.7 -0.6
VB Vanguard Small-Cap ETF 2.0 5 30 8.2 -5.0
OIH VanEck Vectors Oil Services ETF 2.0 35 0 -8.7 -22.0
TUSA First Trust Total US Market AlphaDEX ETF 1.9 70 -35 9.5 -3.8
DIV Global X SuperDividend US ETF 1.9 45 -10 15.5 +2.3

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 4.0 %
Divided by: Fwd. P/BV 0.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 13.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.