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.
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 01, 2006 |
| Assets (mns) | $224 |
| 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 +
| SKYWEST INC | 3.6 % |
| M/I HOMES INC | 3.3 % |
| G-III APPAREL GROUP LTD | 2.7 % |
| TELEPHONE AND DATA SYSTEMS, INC. | 2.4 % |
| ABERCROMBIE & FITCH CO-CL A | 2.3 % |
| OLYMPIC STEEL INC | 2.0 % |
| KELLY SERVICES INC -CL A | 1.8 % |
| CENTURY COMMUNITIES INC | 1.7 % |
| TRI POINTE HOMES INC | 1.6 % |
| GENWORTH FINANCIAL INC-CL A | 1.6 % |
Constituent Breakdown
| Number of holdings | 134 |
| Herfindahl-Hirschman Index | 113 |
| Wgt avg mkt cap (mns) | $1,716 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 38.0% |
| Small cap (<$2bn) | 62.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.4 % |
 |
BERMUDA | 1.3 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.4% | 0.7% | 1.4% | 15.1% | 8.0% | 5.5% | 6.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 55% |
| MSCI EAFE | 1.13 | 56% |
| MSCI Emg Mkts | 0.78 | 29% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $1,224 |
Technical Indicators
| Recent close | $93.65 |
| 30d moving avg. | $87.52 |
| Annualized volatility | 25.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| 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 |
|---|---|---|---|---|
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 39.0% | +4 bp | 0.0% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 37.9% | +4 bp | -0.5% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 34.7% | -20 bp | -2.1% |
| IJS | iShares S&P Small-cap 600 Value ETF | 34.4% | -17 bp | -1.9% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 34.2% | -20 bp | -1.8% |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETF | 27.6% | -5 bp | +0.6% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 25.2% | +24 bp | +0.6% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 24.3% | +12 bp | -1.8% |
| EES | WisdomTree SmallCap Earnings Fund | 23.8% | +3 bp | -0.1% |
| SSLY | Syntax Stratified SmallCap ETF | 22.7% | +5 bp | -3.3% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 11/30/2023
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
RZV
11.4%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.4% |
Recommendation
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.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. RZV's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places RZV in the 96th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RZV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| RZV | 35.0 | 31.8 | 66.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .