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 sponsor | Guggenheim |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Apr 02, 2007 |
Assets (mns) | $205 |
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 | 6.6 % |
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 holdings | 94 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
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... | Beta | R-squared |
S&P 500 | 0.89 | 77% |
MSCI EAFE | 0.89 | 80% |
MSCI Emg Mkts | 0.65 | 41% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.2% |
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 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 | -0.5% |
FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 14.8% | -11 bp | +0.4% |
RBLD | First Trust Alerian US NextGen Infrastructure ETF | 14.7% | -7 bp | -0.8% |
RNMC | First Trust Mid Cap US Equity Select ETF | 14.6% | -12 bp | +0.6% |
HWAY | Themes US Infrastructure ETF | 14.6% | -43 bp | +0.6% |
DON | WisdomTree U.S. MidCap Dividend Fund | 14.5% | -34 bp | +2.2% |
RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 13.7% | -32 bp | -1.6% |
NUMV | Nuveen ESG Mid-Cap Value ETF | 13.3% | -41 bp | +1.1% |
MDCP | VictoryShares THB Mid Cap ESG ETF | 13.3% | -17 bp | -0.1% |
LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 13.2% | -60 bp | -0.4% |
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 11/15/2024
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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
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
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 | 10.4 | 37.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .