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 sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 19, 2008
Assets (mns)$1,767
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingRevenue
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings577
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
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...BetaR-squared
S&P 5001.1263%
MSCI EAFE1.1164%
MSCI Emg Mkts0.7932%
Liquidity Measures
Avg. volume (000)100
Turnover0.3%
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 volatility24.5%
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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Risk and Returns: RWJ vs. Comps (1 YR)

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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 --%
0.3 13.8 1.3 4.0% --
Based on closing prices from 11/8/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

RWJ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .