CZA

Invesco Zacks Mid-Cap ETF

Claymore/Zacks Mid-Cap Core ETF seeks investment results that correspond to the performance of the Zacks Mid-Cap Core Index.


Passive, Semi-Diverse

MANAGEMENT MATRIX

VOE

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGuggenheim
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateApr 02, 2007
Assets (mns)$206
Expense ratio72 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
HARTFORD FINANCIAL SVCS GRP 2.3 %
DEUTSCHE BANK AG-REGISTERED 2.3 %
WILLIS TOWERS WATSON PUBLIC LIMITED COMP 2.3 %
GARMIN LTD 2.1 %
CORNING INC 2.1 %
ZIMMER HOLDINGS INC 2.0 %
WABTEC CORP 1.9 %
DOVER CORP 1.8 %
AMERICAN WATER WORKS CO INC 1.8 %
WR BERKLEY CORP 1.8 %
Constituent Breakdown
Number of holdings96
Herfindahl-Hirschman Index 139
Wgt avg mkt cap (mns)$16,623
Large cap (>$10bn)79.0%
Mid cap ($2-10bn)20.5%
Small cap (<$2bn)0.0%
Developed mkts.97.9%
Emerging mkts.2.1%
Country Exposure
UNITED STATES 80.6 %
BRITAIN 3.7 %
SWITZERLAND 3.2 %
GERMANY 2.3 %
IRELAND 1.6 %
BERMUDA 1.3 %
BRAZIL 1.2 %
SINGAPORE 1.1 %
CANADA 0.9 %
PERU 0.9 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 3.5% 2.9% 8.0% 8.4% 8.8% 9.0%
Market Correlations
versus...BetaR-squared
S&P 5000.9381%
MSCI EAFE0.9579%
MSCI Emg Mkts0.6236%
Liquidity Measures
Avg. volume (000)7
Turnover0.4%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$7,968
Technical Indicators
Recent close$101.69
30d moving avg.$87.92
Annualized volatility18.4%
Relative strength (RSI)79
Short interest (ETF)0.4%
Short interest (underlying)1.2%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: CZA vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.7 15.0 1.9 2.2% --
Based on closing prices from 3/28/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CZA



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

CZA

5.9%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.9%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. CZA's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places CZA in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CZA
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CZA 72.0 20.1 92.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.