Invesco S&P 500 Top 50 ETF
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
2.8x
P/BV
ratio
3.4x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 Top 50 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 500 Top 50 Index. The Index consists of the common stocks of the 50 largest US companies based on total market capitalization as represented in the S&P 500 Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date May 10, 2005
Assets (mns) $841
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $522,112
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 10.6 %
APPLE INC 9.2 %
AMAZON.COM INC 7.0 %
FACEBOOK 3.3 %
JOHNSON & JOHNSON 3.1 %
BERKSHIRE HATHAWAY INC-CL B 3.0 %
ALPHABET INC. CLASS C 3.0 %
ALPHABET INC. CLASS A 3.0 %
PROCTER & GAMBLE CO/THE 2.5 %
VISA INC-CLASS A SHARES 2.4 %
Total 47.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 2.0 %









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.
-15.8% -1.9% 9.0% 10.8% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.94 97%
MSCI EAFE 0.84 75%
MSCI Emg. Mkts. 0.62 60%

Technical Indicators
Recent close $202.64
30d moving avg. $202.94
Annualized volatility 14.5%
Short interest (ETF) 1.0%
Short interest (Underlying) 1.4%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 100
Turnover 2.4%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $127,510

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P 500 Top 50 ETF ETF based on the alternatives' overlap in portfolio holdings with XLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLG Expense: 20 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLG
Ticker Fund
Name
Overlap1
vs XLG
(%)
Expense
ratio
(bp)
Savings
vs XLG
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLG
(%)
OEF iShares S&P 100 ETF 79.7 20 0 6.0 +0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 72.9 12 8 6.0 +0.3
IWY iShares Russell Top 200 Growth ETF 66.4 20 0 5.2 -0.4
IWL iShares Russell Top 200 ETF 64.8 15 5 6.3 +0.7
NACP Impact Shares NAACP Minority Empowerment ETF 63.5 75 -55 5.8 +0.2
MGC Vanguard Mega Cap Index Fund 61.5 7 13 6.5 +0.8
VOOG Vanguard S&P 500 Growth ETF 61.1 10 10 5.4 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 60.9 4 16 5.5 -0.2
IVW iShares S&P 500 Growth ETF 60.8 18 2 5.3 -0.3
TMFC Motley Fool 100 Index ETF 60.0 50 -30 4.9 -0.7
IOO iShares Global 100 ETF 59.6 40 -20 5.8 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 59.3 49 -29 5.1 -0.5
PBP Invesco S&P 500 BuyWrite ETF 59.0 49 -29 6.3 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 58.3 8 12 5.4 -0.2
HSPX Global X S&P 500 Covered Call ETF 58.2 65 -45 6.1 +0.5
IWF iShares Russell 1000 Growth ETF 57.8 19 1 5.3 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 57.6 60 -40 5.6 -0.0
IUSG iShares Core S&P US Growth ETF 57.5 4 16 5.5 -0.1
SNPE Xtrackers S&P 500 ESG ETF 56.8 11 9 6.5 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 56.7 27 -7 6.3 +0.6
SFY SoFi Select 500 ETF 55.8 0 20 6.3 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.2 20 0 6.3 +0.7
IQSU IQ Candriam ESG US Equity ETF 55.2 9 11 6.3 +0.7
MGK Vanguard Mega Cap Growth ETF 55.0 7 13 5.3 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 54.5 32 -12 6.4 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 54.0 27 -7 6.4 +0.8
SPY SPDR S&P 500 ETF Trust 53.9 9 11 6.7 +1.1
VUG Vanguard Growth Index Fund 53.9 4 16 5.2 -0.4
SPLG SPDR Portfolio Large Cap ETF 53.8 3 17 6.8 +1.1
VOO VANGUARD S&P 500 ETF 53.8 3 17 6.7 +1.1
IVV iShares Core S&P 500 ETF 53.7 4 16 6.7 +1.1
SCHG Schwab U.S. Large-Cap Growth ETF 53.6 4 16 5.3 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 53.6 27 -7 6.6 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.5 20 0 6.7 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 53.2 15 5 6.5 +0.8
VV Vanguard Large-Cap Index Fund 52.6 4 16 6.6 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 52.2 12 8 6.4 +0.7
RECS Columbia Research Enhanced Core ETF 51.8 15 5 7.1 +1.4
IETC iShares Evolved U.S. Technology ETF 51.8 18 2 5.0 -0.6
FVAL Fidelity Value Factor ETF 51.7 29 -9 10.4 +4.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 51.4 2 18 6.7 +1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 50.9 75 -55 5.9 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 50.6 8 12 8.0 +2.4
PBUS Invesco PureBeta MSCI USA ETF 50.6 4 16 6.7 +1.1
SCHX Schwab U.S. Large-Cap ETF 50.1 3 17 6.7 +1.0
VONE Vanguard Russell 1000 ETF 49.7 8 12 6.7 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 49.7 3 17 6.9 +1.3
ESGU iShares MSCI USA ESG Optimized ETF 49.4 15 5 6.3 +0.7
IGM iShares North American Tech ETF 49.4 46 -26 5.1 -0.5
QQQ Invesco QQQ Trust 49.4 20 0 5.1 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 49.4 60 -40 4.7 -1.0
NUSI Nationwide Risk-Managed Income ETF 49.4 68 -48 4.6 -1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 49.4 21 -1 4.1 -1.5
IWB iShares Russell 1000 ETF 48.9 15 5 6.6 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 48.7 25 -5 7.2 +1.6
SCHK Schwab 1000 Index ETF 48.6 5 15 6.7 +1.1
IUS Invesco Strategic US ETF 48.4 19 1 7.5 +1.9
IYY iShares Dow Jones U.S. ETF 48.0 20 0 6.6 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 48.0 28 -8 7.6 +2.0
ESGV Vanguard ESG U.S. Stock ETF 47.9 12 8 6.6 +1.0
DSI iShares MSCI KLD 400 Social ETF 47.9 25 -5 6.4 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 47.6 75 -55 4.6 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 46.9 27 -7 7.0 +1.4
VTHR Vanguard Russell 3000 Index Fund 46.8 10 10 6.6 +0.9
FDRR Fidelity Dividend ETF for Rising Rates 46.7 29 -9 9.2 +3.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 46.7 52 -32 7.4 +1.8
CATH Global X S&P 500 Catholic Values Custom ETF 46.4 29 -9 6.6 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 46.3 10 10 6.6 +0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.3 10 10 6.6 +0.9
SCHB Schwab U.S. Broad Market ETF 46.3 3 17 6.7 +1.1
DGRO iShares Core Dividend Growth ETF 46.3 8 12 8.0 +2.3
DIVB iShares U.S. Dividend & Buyback ETF 46.2 25 -5 8.3 +2.7
IWV iShares Russell 3000 ETF 46.2 20 0 6.5 +0.8
VTI Vanguard Total Stock Market Index Fund 46.2 3 17 6.6 +1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.0 3 17 6.6 +1.0
FQAL Fidelity Quality Factor ETF 45.9 29 -9 6.7 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.8 19 1 7.1 +1.5
FDLO Fidelity Low Volatility Factor ETF 45.7 29 -9 6.2 +0.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 45.2 29 -9 5.3 -0.3
VTV Vanguard Value Index Fund 44.9 4 16 8.7 +3.1
MGV Vanguard Mega Cap Value ETF 44.9 7 13 8.5 +2.8
VEGN US Vegan Climate ETF 44.6 60 -40 6.6 +1.0
QUS SPDR MSCI USA StrategicFactors ETF 44.5 15 5 6.9 +1.3
DIA SPDR Dow Jones Industrial Average ETF Trust 44.2 16 4 6.9 +1.3
DTD WisdomTree U.S.Total Dividend Fund 44.1 28 -8 8.1 +2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.1 25 -5 7.9 +2.3
ADME Aptus Drawdown Managed Equity ETF 42.5 81 -61 5.1 -0.5
LRGE ClearBridge Large Cap Growth ESG ETF 42.0 60 -40 5.0 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 41.7 4 16 8.6 +2.9
OUSA O'Shares FTSE US Quality Dividend ETF 41.6 48 -28 6.6 +1.0
EDOW First Trust Dow 30 Equal Weight ETF 41.5 50 -30 6.9 +1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 41.5 25 -5 8.0 +2.4
JQUA JPMorgan U.S. Quality Factor ETF 41.4 12 8 6.3 +0.7
SYG SPDR MFS Systematic Growth Equity ETF 41.4 60 -40 6.0 +0.3
BVAL Brand Value ETF 41.3 65 -45 8.4 +2.8
QDEF FlexShares Quality Dividend Defensive Index Fund 41.1 37 -17 7.5 +1.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.1 9 11 6.9 +1.3
QLC FlexShares US Quality Large Cap Index Fund 41.0 32 -12 7.0 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 40.5 39 -19 8.7 +3.1
EXT WisdomTree U.S. Total Earnings Fund 40.4 28 -8 7.3 +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

  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 500 Top 50 ETF
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 19.1 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 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.