RYT

Invesco S&P 500 Equal Weight Technology ETF

Invesco S&P Equal Weight Technology ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the S&P Equal Weight Technology Index.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

XLK

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSecurity Investors LLC
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateNov 01, 2006
Assets (mns)$2,906
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NVIDIA CORP 2.4 %
ADVANCED MICRO DEVICES 2.0 %
MICROSOFT CORP 1.9 %
ADOBE SYSTEMS INC 1.9 %
BROADCOM INC. 1.9 %
SERVICENOW INC 1.9 %
AKAMAI TECHNOLOGIES 1.8 %
TYLER TECHNOLOGIES INC 1.8 %
LAM RESEARCH CORP 1.8 %
SYNOPSYS INC 1.8 %
Constituent Breakdown
Number of holdings64
Herfindahl-Hirschman Index 159
Wgt avg mkt cap (mns)$181,679
Large cap (>$10bn)92.6%
Mid cap ($2-10bn)2.9%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.0 %
IRELAND 3.1 %
NETHERLANDS 1.5 %
SWITZERLAND 1.4 %
Historical Performance


Standardized Annual Returns (as of 05/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
15.3% 6.2% 0.7% 13.8% 13.1% 16.8% 11.9%
Market Correlations
versus...BetaR-squared
S&P 5001.1786%
MSCI EAFE1.0165%
MSCI Emg Mkts0.7637%
Liquidity Measures
Avg. volume (000)81
Turnover0.8%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$63,052
Technical Indicators
Recent close$280.65
30d moving avg.$267.93
Annualized volatility22.7%
Relative strength (RSI)64
Short interest (ETF)0.7%
Short interest (underlying)2.3%
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: RYT vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
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 --%
3.2 20.4 3.9 1.1% --
Based on closing prices from 6/7/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
RYT



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™

RYT

6.0%

Cat. Avg

6.1%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.0%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™ of 6.1% and a standard deviation of 3.0%. RYT's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places RYT in the 48th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
RYT
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
RYT 40.0 7.6 47.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.