RWJ
Invesco S&P SmallCap 600 Revenue ETF
RWJ tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.8 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
Fund sponsor | Invesco |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 19, 2008 |
Assets (mns) | $1,767 |
Expense ratio | 39 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Committee |
Weighting | Revenue |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
WORLD KINECT CORP | 3.1 % |
UNITED NATURAL FOODS INC | 2.9 % |
HERTZ GLOBAL HOLDINGS INC | 2.5 % |
ECHOSTAR CORP-A | 1.8 % |
LINCOLN NATIONAL CORP | 1.3 % |
GROUP 1 AUTOMOTIVE INC | 1.3 % |
KOHLS CORP | 1.2 % |
ASBURY AUTOMOTIVE GROUP | 1.2 % |
ADIENT PLC | 1.1 % |
LUMEN TECHNOLOGIES, INC. | 1.1 % |
Constituent Breakdown
Number of holdings | 577 |
Herfindahl-Hirschman Index | 63 |
Wgt avg mkt cap (mns) | $2,841 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 60.3% |
Small cap (<$2bn) | 39.6% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.0 % | |
BERMUDA | 1.2 % | |
IRELAND | 1.2 % | |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 7.7% | 31.4% | 11.4% | 4.7% | 17.0% | 10.3% | 11.6% | Volatility | 21.0% | 22.4% | 22.4% | 24.2% | 31.0% | 25.6% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.12 | 63% |
MSCI EAFE | 1.11 | 64% |
MSCI Emg Mkts | 0.79 | 32% |
Liquidity Measures
Avg. volume (000) | 100 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.11% |
ADV of underlying (mns) | $15,298 |
Technical Indicators
Recent close | $47.96 |
30d moving avg. | $45.27 |
Annualized volatility | 24.5% |
Relative strength (RSI) | 49 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 20.2% |
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. RWJ |
Expenses vs. RWJ |
ALTAR Score™ vs. RWJ |
---|---|---|---|---|
IJR | iShares Core S&P Small Cap ETF | 57.2% | -33 bp | -0.9% |
VIOO | Vanguard S&P Small-Cap 600 ETF | 56.4% | -29 bp | -0.9% |
SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 56.2% | -36 bp | -0.9% |
QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 55.5% | -24 bp | -0.1% |
IJS | iShares S&P Small-Cap 600 Value ETF | 54.2% | -21 bp | -0.2% |
XJR | iShares ESG Screened S&P Small-Cap ETF | 54.2% | -27 bp | -0.6% |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 53.9% | -24 bp | -0.1% |
SLYV | SPDR S&P 600 Small Cap Value ETF | 53.4% | -24 bp | -0.1% |
SSLY | Syntax Stratified SmallCap ETF | 51.5% | +1 bp | +0.0% |
ESIX | SPDR S&P SmallCap 600 ESG ETF | 44.6% | -27 bp | -0.1% |
Risk and Returns: RWJ 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 11/8/2024
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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
RWJ
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™
RWJ
7.3%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. RWJ's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places RWJ in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RWJSELL
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 |
RWJ (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RWJ | 39.0 | 10.8 | 49.8 |
Peer Avg. | 29.9 | 13.8 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .