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
195.4 M
ASSETS UNDER MGMT
72 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2007 |
| Assets (mns) | $195 |
| Expense ratio | 72 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WILLIS TOWERS WATSON PLC | 6.3 % |
| VULCAN MATERIALS CO | 2.4 % |
| WABTEC CORP | 2.2 % |
| AVALONBAY COMMUNITIES INC | 2.1 % |
| ENTERGY CORP | 2.0 % |
| STATE STREET CORP | 1.9 % |
| XYLEM INC | 1.9 % |
| BROWN & BROWN INC | 1.9 % |
| KEYSIGHT TECHNOLOGIES INC | 1.9 % |
| PPG INDUSTRIES INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 163 |
| Wgt avg mkt cap (mns) | $18,865 |
| Large cap (>$10bn) | 86.0% |
| Mid cap ($2-10bn) | 11.6% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.9 % |
 |
BRITAIN | 2.9 % |
 |
CANADA | 2.4 % |
 |
ISRAEL | 1.8 % |
 |
IRELAND | 1.3 % |
 |
SWITZERLAND | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.9% | 23.2% | 9.3% | 7.4% | 8.6% | 9.5% | 9.4% | Volatility | 11.9% | 12.4% | 14.2% | 16.5% | 23.7% | 19.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 78% |
| MSCI EAFE | 0.89 | 77% |
| MSCI Emg Mkts | 0.62 | 38% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $6,892 |
Technical Indicators
| Recent close | $105.04 |
| 30d moving avg. | $111.41 |
| Annualized volatility | 17.7% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CZA |
Expenses vs. CZA |
ALTAR Score™ vs. CZA |
|---|---|---|---|---|
| PAVE | Global X U.S. Infrastructure Development ETF | 15.3% | -25 bp | -0.3% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 14.8% | -11 bp | +0.6% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 14.8% | -7 bp | -0.8% |
| RNMC | First Trust Mid Cap US Equity Select ETF | 14.7% | -12 bp | +0.4% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 14.5% | -34 bp | +2.3% |
| HWAY | Themes US Infrastructure ETF | 14.5% | -43 bp | +0.5% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 13.8% | -32 bp | -1.7% |
| MDCP | VictoryShares THB Mid Cap ESG ETF | 13.3% | -17 bp | +0.1% |
| NUMV | Nuveen ESG Mid-Cap Value ETF | 13.2% | -41 bp | +1.2% |
| FSCS | First Trust SMID Capital Strength ETF | 13.2% | -12 bp | +0.3% |
Risk and Returns: CZA 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 12/18/2024
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
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
6.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. CZA's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places CZA in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CZASELL
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 |
| 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 | 10.6 | 37.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .