RZV
Invesco S&P Smallcap 600 Pure Value ETF
Invesco S&P Smallcap 600 Pure Value ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P Smallcap 600/Citigroup Pure Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
186.5 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 01, 2006 |
| Assets (mns) | $187 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROASSURANCE CORP | 1.8 % |
| WORLD KINECT CORP | 1.6 % |
| PAR PETROLEUM CORPORATION | 1.6 % |
| LINCOLN NATIONAL CORP | 1.5 % |
| VIASAT INC | 1.5 % |
| DANA HOLDING CORP | 1.5 % |
| GENWORTH FINANCIAL INC-CL A | 1.5 % |
| UNITED NATURAL FOODS INC | 1.5 % |
| CALLAWAY GOLF COMPANY | 1.4 % |
| MILLROSE PROPERTIES INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 138 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $1,649 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 24.6% |
| Small cap (<$2bn) | 75.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 57.2 % |
 |
IRELAND | 1.2 % |
 |
BERMUDA | 0.6 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -17.0% | -6.9% | 2.3% | 0.3% | 16.5% | 3.7% | -- | 4.8% |
| Dividend Yield | 0.0% | 0.8% | 1.1% | 1.2% | 1.2% | 1.1% | -- | 1.2% |
| Total Returns | -17.0% | -6.0% | 3.4% | 1.6% | 17.7% | 4.8% | -- | 6.0% | Ann. Volatility | 31.5% | 26.1% | 24.9% | 25.5% | 28.5% | 27.3% | -- | 30.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 60% |
| MSCI EAFE | 1.19 | 52% |
| MSCI Emg Mkts | 0.77 | 22% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $2,148 |
Technical Indicators
| Recent close | $92.48 |
| 30d moving avg. | $93.07 |
| Annualized volatility | 28.2% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 6.4% |
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. RZV |
Expenses vs. RZV |
ALTAR Score™ vs. RZV |
|---|---|---|---|---|
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 30.9% | +4 bp | -1.5% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 25.6% | -20 bp | -1.5% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 23.3% | -17 bp | -1.2% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 22.5% | -20 bp | -1.2% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 15.7% | +38 bp | +0.3% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 15.4% | +12 bp | -1.9% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 14.8% | +1 bp | +0.7% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 13.7% | -25 bp | -3.8% |
| IJR | iShares Core S&P Small Cap ETF | 12.4% | -29 bp | -3.8% |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETF | 12.3% | -6 bp | +0.4% |
Risk and Returns: RZV 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
RZV
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RZV
12.6%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. RZV's ALTAR Score™ is approximately
2.3 standard deviations
above
the category average. This places RZV in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RZVSELL
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 |
| RZV (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RZV | 35.0 | 31.8 | 66.8 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .