XRLV
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF tracks an index of large-cap US equities, selected for positive price sensitivity to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2015 |
| Assets (mns) | $46 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Technical |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COCA-COLA CO/THE | 1.3 % |
| MCDONALD'S CORP | 1.3 % |
| PEPSICO INC | 1.3 % |
| JOHNSON & JOHNSON | 1.2 % |
| KIMBERLY-CLARK CORP | 1.2 % |
| WAL-MART STORES INC | 1.2 % |
| COLGATE-PALMOLIVE CO | 1.2 % |
| WASTE MANAGEMENT INC | 1.2 % |
| PROCTER & GAMBLE CO/THE | 1.2 % |
| KRAFT HEINZ COMPANY | 1.2 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 101 |
| Wgt avg mkt cap (mns) | $101,745 |
| Large cap (>$10bn) | 98.2% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
IRELAND | 1.1 % |
 |
SWITZERLAND | 1.0 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.7% | 0.3% | -0.8% | 7.7% | 7.2% | -- | 9.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 76% |
| MSCI EAFE | 0.68 | 70% |
| MSCI Emg Mkts | 0.42 | 26% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $30,610 |
Technical Indicators
| Recent close | $45.72 |
| 30d moving avg. | $46.44 |
| Annualized volatility | 14.9% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 0.0% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XRLV |
Expenses vs. XRLV |
ALTAR Score™ vs. XRLV |
|---|---|---|---|---|
| SPLV | Invesco S&P 500 Low Volatility ETF | 94.5% | 0 bp | -0.2% |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 54.9% | +45 bp | -0.6% |
| USMV | iShares Edge MSCI Min Vol USA ETF | 45.7% | -10 bp | -0.1% |
| LGLV | SPDR Russell 1000 Low Volatility ETF | 41.0% | -13 bp | -0.5% |
| SZNE | Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | 38.3% | +35 bp | +1.5% |
| FDLO | Fidelity Low Volatility Factor ETF | 35.7% | +4 bp | -0.7% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 35.0% | -7 bp | -0.3% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd Idx | 34.0% | +10 bp | +3.0% |
| ACWV | iShares MSCI Global Min Vol Factor ETF | 33.0% | -5 bp | +2.4% |
| FLLV | Franklin Liberty U.S. Low Volatility ETF | 31.6% | +4 bp | -0.2% |
Risk and Returns: XRLV 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 9/25/2023
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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
XRLV
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™
XRLV
6.4%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.4% |
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 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. XRLV's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places XRLV in the 50th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XRLV
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) |
|
|---|---|---|---|
| XRLV | 25.0 | 11.9 | 36.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .