RSPM
Invesco S&P 500 Equal Weight Materials ETF
Invesco S&P Equal Weight Materials ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Equal Weight Materials Index.
Fund Basics
Fund sponsor | Security Investors LLC |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Nov 01, 2006 |
Assets (mns) | $281 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Committee |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
FREEPORT-MCMORAN COPPER | 4.4 % |
NEWMONT MINING CORP | 4.1 % |
EASTMAN CHEMICAL COMPANY | 3.8 % |
INTL FLAVORS & FRAGRANCES | 3.8 % |
WESTROCK CO. | 3.8 % |
STEEL DYNAMICS INC | 3.7 % |
DUPONT DE NEMOURS INC | 3.7 % |
NUCOR CORP | 3.7 % |
LYONDELLBASELL INDU-CL A | 3.6 % |
CORTEVA INC | 3.6 % |
Constituent Breakdown
Number of holdings | 28 |
Herfindahl-Hirschman Index | 358 |
Wgt avg mkt cap (mns) | $39,487 |
Large cap (>$10bn) | 96.7% |
Mid cap ($2-10bn) | 3.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 89.5 % | |
BRITAIN | 10.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
8.5% | 14.6% | 1.7% | 7.5% | 13.9% | 10.3% | 9.6% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.08 | 71% |
MSCI EAFE | 1.18 | 79% |
MSCI Emg Mkts | 0.91 | 49% |
Liquidity Measures
Avg. volume (000) | 34 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.08% |
ADV of underlying (mns) | $7,718 |
Technical Indicators
Recent close | $34.78 |
30d moving avg. | $31.47 |
Annualized volatility | 22.8% |
Relative strength (RSI) | 71 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 2.5% |
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. RSPM |
Expenses vs. RSPM |
ALTAR Score™ vs. RSPM |
---|---|---|---|---|
XLB | Materials Select Sector SPDR Fund | 69.1% | -31 bp | -1.8% |
VAW | Vanguard Materials ETF | 59.6% | -30 bp | -1.1% |
FMAT | Fidelity MSCI Materials Index ETF | 55.5% | -32 bp | -1.0% |
IYM | iShares U.S. Basic Materials ETF | 50.3% | 0 bp | -0.8% |
FXZ | First Trust Materials AlphaDEX Fund | 46.8% | +21 bp | +2.7% |
PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 38.6% | +20 bp | +0.4% |
MXI | iShares Global Materials ETF | 34.9% | +1 bp | -0.9% |
IVEG | iShares Emergent Food and AgTech Multisector ETF | 31.0% | +7 bp | +0.7% |
SZNE | Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | 24.2% | +20 bp | -2.5% |
CUT | Invesco MSCI Global Timber ETF | 17.6% | +21 bp | +1.0% |
Risk and Returns: RSPM 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 4/26/2024
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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
RSPM
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™
RSPM
7.5%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.5% |
Recommendation
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.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. RSPM's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places RSPM in the 74th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RSPM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RSPM | 40.0 | 7.5 | 47.5 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .