Invesco S&P 500 Top 50 ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.6x P/Sales
ratio
3.7x
P/BV
ratio
4.4x Div.
yield
1.6%


  • 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 04, 2005
Assets (mns) $1,428
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) $690,139
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 11.0 %
APPLE INC 10.6 %
AMAZON.COM INC 9.1 %
FACEBOOK 4.0 %
ALPHABET INC. CLASS A 3.1 %
ALPHABET INC. CLASS C 3.1 %
JOHNSON & JOHNSON 2.5 %
BERKSHIRE HATHAWAY INC-CL B 2.4 %
VISA INC-CLASS A SHARES 2.2 %
PROCTER & GAMBLE CO/THE 2.1 %
Total 50.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 1.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.8% 15.3% 13.1% 14.5% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.96 97%
MSCI EAFE 0.92 78%
MSCI Emg. Mkts. 0.67 65%

Technical Indicators
Recent close $246.09
30d moving avg. $238.63
Annualized volatility 16.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.4%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 65
Turnover 1.1%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $112,790

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™: 4.4%


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 82.4 20 0 4.8 +0.3
IWY iShares Russell Top 200 Growth ETF 68.9 20 0 4.1 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 66.4 12 8 4.8 +0.3
TMFC Motley Fool 100 Index ETF 66.4 50 -30 3.7 -0.7
IWL iShares Russell Top 200 ETF 65.8 15 5 5.0 +0.6
VOOG Vanguard S&P 500 Growth ETF 65.1 10 10 4.2 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 64.7 4 16 4.3 -0.1
IVW iShares S&P 500 Growth ETF 64.7 18 2 4.2 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 64.6 0 20 5.2 +0.8
SNPE Xtrackers S&P 500 ESG ETF 63.6 11 9 5.1 +0.7
IWF iShares Russell 1000 Growth ETF 63.3 19 1 4.1 -0.3
MGC Vanguard Mega Cap Index Fund 63.0 7 13 5.2 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 62.8 75 -55 4.5 +0.1
MGK Vanguard Mega Cap Growth ETF 62.3 7 13 4.1 -0.3
IUSG iShares Core S&P US Growth ETF 61.3 4 16 4.3 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 61.3 49 -29 4.1 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 60.8 60 -40 4.4 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 60.8 12 8 4.9 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 60.3 32 -12 5.1 +0.6
IOO iShares Global 100 ETF 59.8 40 -20 4.7 +0.2
IQSU IQ Candriam ESG US Equity ETF 59.7 9 11 5.1 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 59.7 27 -7 5.0 +0.5
VONG Vanguard Russell 1000 Growth Index Fund 59.3 8 12 4.2 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 57.9 20 0 5.0 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 57.6 4 16 4.1 -0.3
IETC iShares Evolved U.S. Technology ETF 57.3 18 2 3.8 -0.6
PBP Invesco S&P 500 BuyWrite ETF 57.2 49 -29 5.0 +0.6
VUG Vanguard Growth Index Fund 56.9 4 16 4.0 -0.4
HSPX Global X S&P 500 Covered Call ETF 56.4 65 -45 4.9 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 56.1 27 -7 5.0 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 56.0 27 -7 5.3 +0.9
SPY SPDR S&P 500 ETF Trust 55.9 9 11 5.4 +0.9
SPLG SPDR Portfolio Large Cap ETF 55.8 3 17 5.4 +1.0
VOO VANGUARD S&P 500 ETF 55.8 3 17 5.4 +1.0
IVV iShares Core S&P 500 ETF 55.8 4 16 5.4 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.7 20 0 5.4 +0.9
QQQ Invesco QQQ Trust 55.6 20 0 3.8 -0.7
QYLD Global X NASDAQ 100 Covered Call ETF 55.6 60 -40 3.5 -1.0
NUSI Nationwide Risk-Managed Income ETF 55.6 68 -48 3.5 -1.0
IGM iShares Expanded Tech Sector ETF 54.5 46 -26 3.8 -0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 54.3 7 13 5.2 +0.8
ACIO Aptus Collared Income Opportunity ETF 54.3 79 -59 4.4 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 53.9 75 -55 4.5 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 53.6 15 5 6.2 +1.8
VV Vanguard Large-Cap Index Fund 53.4 4 16 5.3 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 53.0 2 18 5.3 +0.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 53.0 21 -1 2.9 -1.5
FVAL Fidelity Value Factor ETF 52.6 29 -9 8.0 +3.6
RECS Columbia Research Enhanced Core ETF 52.4 15 5 5.7 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 52.2 15 5 5.1 +0.7
PBUS Invesco PureBeta MSCI USA ETF 52.0 4 16 5.3 +0.8
DSI iShares MSCI KLD 400 Social ETF 51.5 25 -5 5.1 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 51.5 3 17 5.5 +1.1
SCHX Schwab U.S. Large-Cap ETF 51.4 3 17 5.3 +0.9
ADME Aptus Drawdown Managed Equity ETF 51.1 81 -61 3.6 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 50.3 8 12 6.5 +2.1
ESGV Vanguard ESG U.S. Stock ETF 50.2 12 8 5.2 +0.8
VONE Vanguard Russell 1000 ETF 50.1 8 12 5.3 +0.8
SCHK Schwab 1000 Index ETF 49.8 5 15 5.3 +0.9
IWB iShares Russell 1000 ETF 49.4 15 5 5.2 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 49.4 29 -9 5.2 +0.8
FQAL Fidelity Quality Factor ETF 49.3 29 -9 5.5 +1.1
IYY iShares Dow Jones U.S. ETF 49.2 20 0 5.2 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.0 10 10 5.3 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 49.0 10 10 5.3 +0.9
SFY SoFi Select 500 ETF 48.2 0 20 5.2 +0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 48.2 25 -5 6.1 +1.7
SPXT ProShares S&P 500 Ex-Technology ETF 47.7 27 -7 5.7 +1.2
HIPR Direxion High Growth ETF 47.6 40 -20 2.8 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.6 19 1 5.7 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 47.3 28 -8 6.4 +2.0
VTHR Vanguard Russell 3000 Index Fund 47.2 10 10 5.1 +0.7
SCHB Schwab U.S. Broad Market ETF 47.2 3 17 5.3 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.0 3 17 5.2 +0.8
FDLO Fidelity Low Volatility Factor ETF 46.8 29 -9 5.2 +0.7
IWV iShares Russell 3000 ETF 46.8 20 0 5.1 +0.6
VTI Vanguard Total Stock Market Index Fund 46.8 3 17 5.2 +0.8
FDRR Fidelity Dividend ETF for Rising Rates 46.3 29 -9 7.0 +2.6
FDMO Fidelity Momentum Factor ETF 45.9 29 -9 3.8 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 45.8 15 5 5.9 +1.4
SYG SPDR MFS Systematic Growth Equity ETF 45.5 60 -40 4.3 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 44.5 25 -5 6.6 +2.2
SFYF SoFi 50 ETF 44.4 29 -9 5.1 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 43.6 9 11 5.6 +1.1
DTD WisdomTree U.S.Total Dividend Fund 43.6 28 -8 6.7 +2.3
LRGE ClearBridge Large Cap Growth ESG ETF 43.3 59 -39 3.8 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 43.2 16 4 5.6 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 43.0 12 8 5.3 +0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 42.4 42 -22 5.4 +1.0
QLC FlexShares US Quality Large Cap Index Fund 42.3 32 -12 5.4 +0.9
DGRO iShares Core Dividend Growth ETF 42.2 8 12 6.7 +2.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 41.9 52 -32 5.0 +0.6
IYW iShares U.S. Technology ETF 41.7 42 -22 4.0 -0.5
BVAL Brand Value ETF 41.7 65 -45 6.1 +1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.3 25 -5 6.6 +2.1
STLG iShares Factors US Growth Style ETF 41.2 25 -5 3.7 -0.7
VEGN US Vegan Climate ETF 41.2 60 -40 5.2 +0.8
SYE SPDR MFS Systematic Core Equity ETF 40.4 60 -40 5.6 +1.1
IUS Invesco Strategic US ETF 40.3 19 1 6.7 +2.3
EXT WisdomTree U.S. Total Earnings Fund 39.8 28 -8 5.2 +0.8

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 4.1 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.52
 
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.