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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
25 bp
EXPENSES
$39.2 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Apr 06, 2015 |
Assets (mns) | $39 |
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 +
BERKSHIRE HATHAWAY INC-CL B | 1.5 % |
REPUBLIC SERVICES INC | 1.5 % |
COCA-COLA CO/THE | 1.3 % |
WAL-MART STORES INC | 1.3 % |
COLGATE-PALMOLIVE CO | 1.3 % |
ROPER TECHNOLOGIES, INC. | 1.3 % |
MARSH & MCLENNAN COS | 1.2 % |
TJX COMPANIES INC | 1.2 % |
PROCTER & GAMBLE CO/THE | 1.2 % |
WASTE MANAGEMENT INC | 1.2 % |
Constituent Breakdown
Number of holdings | 100 |
Herfindahl-Hirschman Index | 102 |
Wgt avg mkt cap (mns) | $151,950 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.0 % | |
BRITAIN | 1.1 % | |
SWITZERLAND | 1.0 % | |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 4.8% | 6.2% | 5.8% | 4.1% | 7.2% | -- | 9.9% | Volatility | 8.3% | 9.3% | 12.6% | 12.9% | 18.9% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.66 | 74% |
MSCI EAFE | 0.65 | 69% |
MSCI Emg Mkts | 0.41 | 27% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $97,722 |
Technical Indicators
Recent close | $50.35 |
30d moving avg. | $49.66 |
Annualized volatility | 13.7% |
Relative strength (RSI) | 52 |
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 | 97.0% | 0 bp | -0.1% |
ALTL | Pacer Lunt Large Cap Alternator ETF | 96.9% | +35 bp | -0.4% |
HUSV | First Trust Horizon Managed Volatility Domestic ETF | 59.9% | +45 bp | -0.6% |
LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 44.8% | -13 bp | +0.1% |
USMV | iShares MSCI USA Min Vol Factor ETF | 43.5% | -10 bp | +0.4% |
INCE | Franklin Income Equity Focus ETF | 38.2% | +4 bp | +0.3% |
LVOL | American Century Low Volatility ETF | 37.1% | +4 bp | -0.4% |
ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 35.0% | -7 bp | +0.4% |
FDLO | Fidelity Low Volatility Factor ETF | 34.6% | -10 bp | -0.1% |
AUSF | Global X Adaptive U.S. Factor ETF | 33.4% | +2 bp | +3.3% |
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
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 | --% |
Based on closing prices from 7/25/2024
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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
5.4%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. XRLV's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places XRLV in the 45th 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
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
XRLV (25 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
XRLV | 25.0 | 13.2 | 38.2 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .