CZA

Invesco Zacks Mid-Cap ETF

Claymore/Zacks Mid-Cap Core ETF seeks investment results that correspond to the performance of the Zacks Mid-Cap Core Index.


US

EQUITY

Passive

MANAGEMENT STYLE

204.8 M

ASSETS UNDER MGMT

72 bp

EXPENSES
Fund Basics
Fund sponsorGuggenheim
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 02, 2007
Assets (mns)$205
Expense ratio72 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
WILLIS TOWERS WATSON PLC 6.6 %
VULCAN MATERIALS CO 2.4 %
WABTEC CORP 2.2 %
AVALONBAY COMMUNITIES INC 2.1 %
ENTERGY CORP 2.1 %
BROWN & BROWN INC 2.0 %
XYLEM INC 1.9 %
STATE STREET CORP 1.8 %
EQUITY RESIDENTIAL 1.8 %
PPG INDUSTRIES INC 1.8 %
Constituent Breakdown
Number of holdings94
Herfindahl-Hirschman Index 163
Wgt avg mkt cap (mns)$17,990
Large cap (>$10bn)86.9%
Mid cap ($2-10bn)10.8%
Small cap (<$2bn)0.5%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 83.9 %
BRITAIN 2.9 %
CANADA 2.3 %
ISRAEL 1.6 %
IRELAND 1.3 %
SWITZERLAND 0.8 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.3% 27.9% 10.4% 4.3% 8.3% 9.0% 9.2%
Volatility 11.9% 12.4% 14.2% 16.5% 23.7% 19.1% --
Market Correlations
versus...BetaR-squared
S&P 5000.8977%
MSCI EAFE0.8980%
MSCI Emg Mkts0.6541%
Liquidity Measures
Avg. volume (000)4
Turnover0.2%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$9,535
Technical Indicators
Recent close$109.48
30d moving avg.$108.35
Annualized volatility17.7%
Relative strength (RSI)56
Short interest (ETF)0.0%
Short interest (underlying)1.2%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: CZA vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.1 16.7 2.3 2.0% --
Based on closing prices from 11/15/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CZA



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

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.

ALTAR Score™

CZA

5.6%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. CZA's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places CZA in the 53rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

CZA
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
CZA (72 bp) Percentile rank 95
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CZA 72.0 20.1 92.1
Peer Avg. 26.7 10.4 37.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .