CVY
Invesco Zacks Multi-Asset Income ETF
Invesco Multi-Asset Income Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Zacks Multi-Asset Income Index, which is comprised of 125 to 150 securities with superior risk-return potential selected from a universe of common stocks, ADRs, REITs, MLPs, closed-end funds and preferred stocks by Zacks Inv Research.
US
EQUITY
Passive
MANAGEMENT STYLE
118.1 M
ASSETS UNDER MGMT
106 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 21, 2006 |
| Assets (mns) | $118 |
| Expense ratio | 106 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BANCOLOMBIA S.A.-SPONS ADR | 1.3 % |
| DORCHESTER MINERALS LP | 1.2 % |
| REGIONS FINANCIAL CORP | 1.1 % |
| KROGER CO | 1.1 % |
| NUVEEN PREFERRED & INCOME OPPORTUNITIES | 1.1 % |
| WELLS FARGO & CO | 1.1 % |
| JPMORGAN CHASE & CO | 1.1 % |
| COREBRIDGE FINANCIAL INC | 1.1 % |
| AXA EQUITABLE HOLDINGS, INC. | 1.1 % |
| VENTAS INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 113 |
| Herfindahl-Hirschman Index | 611 |
| Wgt avg mkt cap (mns) | $26,891 |
| Large cap (>$10bn) | 43.8% |
| Mid cap ($2-10bn) | 47.9% |
| Small cap (<$2bn) | 8.3% |
| Developed mkts. | 92.6% |
| Emerging mkts. | 7.4% |
Country Exposure
 |
UNITED STATES | 58.3 % |
 |
CANADA | 2.8 % |
 |
BERMUDA | 1.9 % |
 |
COLOMBIA | 1.3 % |
 |
PUERTO RICO | 1.3 % |
 |
BRAZIL | 1.0 % |
 |
ARGENTINA | 1.0 % |
 |
ITALY | 0.8 % |
 |
TAIWAN | 0.8 % |
 |
SOUTH KOREA | 0.7 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.0% | 13.9% | 10.3% | 6.5% | 7.6% | 6.1% | 5.3% | Volatility | 10.5% | 13.1% | 14.4% | 17.1% | 24.7% | 19.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 71% |
| MSCI EAFE | 0.94 | 72% |
| MSCI Emg Mkts | 0.67 | 38% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $7,738 |
Technical Indicators
| Recent close | $26.02 |
| 30d moving avg. | $25.99 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CVY |
Expenses vs. CVY |
ALTAR Score™ vs. CVY |
|---|---|---|---|---|
| VRAI | Virtus Real Asset Income ETF | 16.7% | -51 bp | -0.5% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 14.2% | -36 bp | +1.6% |
| VFVA | Vanguard U.S. Value Factor ETF | 12.9% | -93 bp | +1.0% |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 11.7% | -46 bp | +1.1% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 11.2% | -86 bp | +0.5% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 11.1% | -39 bp | 0.0% |
| AVUV | Avantis U.S. Small Cap Value ETF | 11.1% | -81 bp | +0.2% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 11.0% | -68 bp | -0.7% |
| KBE | SPDR S&P Bank ETF | 11.0% | -71 bp | -0.1% |
| DFAT | Dimensional U.S. Targeted Value ETF | 10.8% | -78 bp | -0.7% |
Risk and Returns: CVY 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 2/21/2025
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
CVY
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™
CVY
9.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 957 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. CVY's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places CVY in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CVYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| CVY (106 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CVY | 106.0 | 35.7 | 141.7 |
| Peer Avg. | 25.7 | 10.9 | 36.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .