Invesco S&P 500 Top 50 ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.6x P/Sales
ratio
4.0x
P/BV
ratio
4.9x Div.
yield
1.5%


  • 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) $1,690
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) $777,334
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
APPLE INC 11.8 %
MICROSOFT CORP 10.0 %
AMAZON.COM INC 8.3 %
FACEBOOK 4.1 %
ALPHABET INC. CLASS A 3.3 %
ALPHABET INC. CLASS C 3.2 %
BERKSHIRE HATHAWAY INC-CL B 2.8 %
JOHNSON & JOHNSON 2.4 %
JPMORGAN CHASE & CO 2.2 %
PROCTER & GAMBLE CO/THE 2.2 %
Total 50.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.5% 17.2% 13.7% 13.7% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.99 97%
MSCI EAFE 0.98 79%
MSCI Emg. Mkts. 0.69 60%

Technical Indicators
Recent close $274.78
30d moving avg. $267.29
Annualized volatility 18.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 1.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $90,677

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.3%


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 80.9 20 0 4.5 +0.2
IWY iShares Russell Top 200 Growth ETF 68.7 20 0 3.8 -0.5
VOOG Vanguard S&P 500 Growth ETF 65.5 10 10 4.1 -0.2
TMFC Motley Fool 100 Index ETF 64.7 50 -30 3.2 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 64.3 0 20 4.8 +0.5
IWL iShares Russell Top 200 ETF 64.0 15 5 4.6 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 62.8 4 16 4.2 -0.1
IVW iShares S&P 500 Growth ETF 62.8 18 2 4.0 -0.2
MGC Vanguard Mega Cap Index Fund 62.4 7 13 4.8 +0.5
EFIV SPDR S&P 500 ESG ETF 62.3 10 10 4.7 +0.5
SNPE Xtrackers S&P 500 ESG ETF 62.2 10 10 4.7 +0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 61.9 12 8 4.5 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 61.4 60 -40 3.8 -0.5
IWF iShares Russell 1000 Growth ETF 61.4 19 1 3.6 -0.7
MGK Vanguard Mega Cap Growth ETF 61.3 7 13 3.8 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 59.7 8 12 3.7 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 59.5 12 8 4.2 -0.1
SCHG Schwab U.S. Large-Cap Growth ETF 59.3 4 16 3.4 -0.9
IUSG iShares Core S&P US Growth ETF 59.3 4 16 4.2 -0.1
IOO iShares Global 100 ETF 59.2 40 -20 4.4 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 57.9 75 -55 4.5 +0.3
ESGV Vanguard ESG U.S. Stock ETF 57.9 12 8 4.7 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 57.8 32 -12 4.7 +0.4
IQSU IQ Candriam ESG US Equity ETF 57.6 9 11 4.7 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.6 49 -29 3.9 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 57.5 27 -7 4.6 +0.3
SPQQ Siren Large Cap Blend Index ETF 55.6 20 0 4.4 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.6 20 0 4.6 +0.3
IETC iShares Evolved U.S. Technology ETF 55.5 18 2 3.6 -0.6
PBP Invesco S&P 500 BuyWrite ETF 54.9 49 -29 4.7 +0.4
ACIO Aptus Collared Income Opportunity ETF 54.8 79 -59 4.3 +0.1
QQQM Invesco NASDAQ 100 ETF 54.7 15 5 3.8 -0.5
QQQ Invesco QQQ Trust 54.7 20 0 3.7 -0.6
NUSI Nationwide Risk-Managed Income ETF 54.7 68 -48 3.5 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 54.7 60 -40 3.3 -0.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 54.7 60 -40 3.3 -0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 54.3 60 -40 4.6 +0.3
VUG Vanguard Growth Index Fund 54.1 4 16 3.7 -0.6
HSPX Global X S&P 500 Covered Call ETF 54.0 60 -40 4.6 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 54.0 27 -7 4.9 +0.6
SPY SPDR S&P 500 ETF Trust 53.9 9 11 4.9 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 53.8 27 -7 4.6 +0.3
IVV iShares Core S&P 500 ETF 53.8 3 17 5.0 +0.7
SPLG SPDR Portfolio Large Cap ETF 53.8 3 17 5.0 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.7 20 0 4.9 +0.7
HIPR Direxion High Growth ETF 53.3 40 -20 4.4 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 53.2 75 -55 3.8 -0.5
VOO VANGUARD S&P 500 ETF 53.0 3 17 5.0 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 52.3 15 5 5.8 +1.6
IGM iShares Expanded Tech Sector ETF 51.7 46 -26 3.6 -0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 51.5 7 13 4.8 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 50.6 2 18 4.8 +0.6
ADME Aptus Drawdown Managed Equity ETF 50.5 79 -59 3.4 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 50.2 15 5 4.7 +0.4
RECS Columbia Research Enhanced Core ETF 50.1 15 5 5.2 +1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 50.0 21 -1 2.9 -1.4
PBUS Invesco PureBeta MSCI USA ETF 50.0 4 16 4.8 +0.5
VV Vanguard Large-Cap Index Fund 49.8 4 16 4.8 +0.5
DSI iShares MSCI KLD 400 Social ETF 49.3 25 -5 4.7 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 49.2 3 17 5.1 +0.8
SCHX Schwab U.S. Large-Cap ETF 48.4 3 17 4.8 +0.5
EPS WisdomTree U.S. Earnings 500 Fund 48.4 8 12 5.9 +1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.0 10 10 4.9 +0.6
SUSL iShares ESG MSCI USA Leaders ETF 48.0 10 10 4.9 +0.6
FQAL Fidelity Quality Factor ETF 47.9 29 -9 5.1 +0.8
IWB iShares Russell 1000 ETF 47.3 15 5 4.7 +0.4
SCHK Schwab 1000 Index ETF 47.2 5 15 4.8 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.0 19 1 5.5 +1.2
IYY iShares Dow Jones U.S. ETF 46.7 20 0 4.6 +0.4
SFY SoFi Select 500 ETF 46.5 0 20 4.7 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 46.5 29 -9 4.7 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 46.3 28 -8 5.9 +1.7
SPXT ProShares S&P 500 Ex-Technology ETF 46.1 27 -7 5.1 +0.9
FVAL Fidelity Value Factor ETF 46.0 29 -9 7.1 +2.8
SYG SPDR MFS Systematic Growth Equity ETF 45.8 60 -40 4.0 -0.2
VTHR Vanguard Russell 3000 Index Fund 45.7 10 10 4.6 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 45.4 25 -5 5.6 +1.4
FDRR Fidelity Dividend ETF for Rising Rates 44.6 29 -9 6.2 +2.0
QUS SPDR MSCI USA StrategicFactors ETF 44.5 15 5 5.4 +1.2
IWV iShares Russell 3000 ETF 44.4 20 0 4.5 +0.3
SCHB Schwab U.S. Broad Market ETF 44.3 3 17 4.7 +0.4
SPMO Invesco S&P 500 Momentum ETF 44.2 13 7 4.0 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 44.0 3 17 4.7 +0.4
FDMO Fidelity Momentum Factor ETF 43.8 29 -9 3.2 -1.1
VONE Vanguard Russell 1000 ETF 43.0 8 12 4.8 +0.5
VTI Vanguard Total Stock Market Index Fund 42.7 3 17 4.6 +0.4
SFYF SoFi 50 ETF 42.7 29 -9 1.0 -3.2
DTD WisdomTree U.S.Total Dividend Fund 42.3 28 -8 6.1 +1.9
QLC FlexShares US Quality Large Cap Index Fund 42.2 32 -12 4.8 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.1 9 11 5.2 +1.0
STLG iShares Factors US Growth Style ETF 41.9 25 -5 4.1 -0.1
IYW iShares U.S. Technology ETF 41.9 43 -23 3.7 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 41.8 25 -5 6.1 +1.8
SYE SPDR MFS Systematic Core Equity ETF 41.8 60 -40 5.3 +1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 41.1 37 -17 5.7 +1.5
VEGN US Vegan Climate ETF 40.7 60 -40 4.7 +0.4
DGRO iShares Core Dividend Growth ETF 40.4 8 12 6.1 +1.9
LRGE ClearBridge Large Cap Growth ESG ETF 39.7 59 -39 3.5 -0.8
GBGR Global Beta Momentum-Growth ETF 39.2 29 -9 5.1 +0.9

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 19.3 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.50
 
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.