EQAL
Invesco Russell 1000 Equal Weight ETF
Invesco Russell 1000 Equal Weight Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 1000? Equal Weight Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
647.4 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
Fund sponsor | Invesco |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Dec 23, 2014 |
Assets (mns) | $647 |
Expense ratio | 20 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
LUMENTUM HOLDINGS INC | 4.6 % |
UBIQUITI INC. | 0.8 % |
LIBERTY BROADBAND CORP. CLASS C | 0.7 % |
CIENA CORP | 0.6 % |
T-MOBILE US, INC. | 0.6 % |
CISCO SYSTEMS INC | 0.6 % |
CHARTER COMMUNICATIONS, INC. CLASS A | 0.6 % |
ARISTA NETWORKS, INC. | 0.6 % |
MOTOROLA SOLUTIONS | 0.6 % |
IRIDIUM COMMUNICATIONS INC. | 0.6 % |
Constituent Breakdown
Number of holdings | 949 |
Herfindahl-Hirschman Index | 38 |
Wgt avg mkt cap (mns) | $53,846 |
Large cap (>$10bn) | 70.1% |
Mid cap ($2-10bn) | 28.4% |
Small cap (<$2bn) | 1.4% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.1% |
Country Exposure
UNITED STATES | 92.4 % | |
BRITAIN | 0.9 % | |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.3% | 28.4% | 12.8% | 7.0% | 11.5% | -- | 9.4% | Volatility | 12.5% | 13.5% | 15.5% | 18.3% | 22.7% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.99 | 85% |
MSCI EAFE | 0.94 | 75% |
MSCI Emg Mkts | 0.69 | 40% |
Liquidity Measures
Avg. volume (000) | 32 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $318,935 |
Technical Indicators
Recent close | $50.64 |
30d moving avg. | $48.69 |
Annualized volatility | 18.9% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. EQAL |
Expenses vs. EQAL |
ALTAR Score™ vs. EQAL |
---|---|---|---|---|
IWR | iShares Russell Midcap ETF | 51.3% | -1 bp | -0.9% |
SIZE | iShares MSCI USA Size Factor ETF | 50.8% | -5 bp | -0.7% |
EUSA | iShares MSCI USA Equal Weighted ETF | 50.8% | -11 bp | -0.6% |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 49.2% | 0 bp | +0.5% |
DEUS | Xtrackers Russell US Multifactor ETF | 47.6% | -3 bp | +0.7% |
RSP | Invesco S&P 500 Equal Weight ETF | 47.1% | 0 bp | -0.2% |
IWS | iShares Russell Mid-Cap Value ETF | 47.1% | +3 bp | +0.0% |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 45.6% | -11 bp | -0.5% |
JHMM | John Hancock Multifactor Mid Cap ETF | 44.8% | +22 bp | -0.2% |
IWD | iShares Russell 1000 Value ETF | 43.9% | -1 bp | -0.1% |
Risk and Returns: EQAL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 12/12/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EQAL
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 Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EQAL
6.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. EQAL's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places EQAL in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EQALSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
EQAL (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
EQAL | 20.0 | 6.9 | 26.9 |
Peer Avg. | 29.9 | 13.9 | 43.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .