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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
289.8 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 01, 2006 |
| Assets (mns) | $290 |
| 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 +
| LYONDELLBASELL INDUSTRIES NV | 6.7 % |
| NEWMONT MINING CORP | 4.7 % |
| SHERWIN-WILLIAMS CO/THE | 4.5 % |
| PACKAGING CORP OF AMERICA | 4.1 % |
| FMC CORP | 4.0 % |
| CORTEVA INC | 4.0 % |
| CF INDUSTRIES HOLDINGS INC | 3.9 % |
| AMCOR PLC | 3.9 % |
| INTERNATIONAL PAPER CO | 3.8 % |
| INTL FLAVORS & FRAGRANCES | 3.8 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 401 |
| Wgt avg mkt cap (mns) | $39,068 |
| Large cap (>$10bn) | 95.6% |
| Mid cap ($2-10bn) | 4.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 88.0 % |
 |
BRITAIN | 7.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.6% | 23.5% | 17.2% | 7.7% | 13.7% | 10.4% | 9.6% | Volatility | 14.2% | 16.0% | 21.0% | 20.6% | 25.6% | 21.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 70% |
| MSCI EAFE | 1.15 | 79% |
| MSCI Emg Mkts | 0.93 | 49% |
Liquidity Measures
| Avg. volume (000) | 21 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $6,005 |
Technical Indicators
| Recent close | $37.01 |
| 30d moving avg. | $35.81 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| 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 | 65.5% | -31 bp | -1.8% |
| FMAT | Fidelity MSCI Materials Index ETF | 55.3% | -32 bp | -1.1% |
| VAW | Vanguard Materials ETF | 54.4% | -30 bp | -1.2% |
| IYM | iShares U.S. Basic Materials ETF | 43.5% | 0 bp | -1.1% |
| FXZ | First Trust Materials AlphaDEX Fund | 41.1% | +21 bp | +3.0% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 37.5% | +20 bp | -1.4% |
| MXI | iShares Global Materials ETF | 35.4% | +1 bp | -0.9% |
| IVEG | iShares Emergent Food and AgTech Multisector ETF | 28.4% | +7 bp | +0.5% |
| CUT | Invesco MSCI Global Timber ETF | 15.1% | +21 bp | +0.8% |
| XME | SPDR S&P Metals & Mining ETF | 14.8% | -5 bp | +0.8% |
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 10/4/2024
Peer Group Comparison Sample data. Subscribe for access.
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 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™
RSPM
7.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. RSPM's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places RSPM in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSPMSELL
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 |
| RSPM (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
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. | 47.1 | 17.5 | 64.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .