RDIV
Invesco S&P Ultra Dividend Revenue ETF
RDIV tracks an index that selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue.
US
EQUITY
Passive
MANAGEMENT STYLE
852.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 30, 2013 |
| Assets (mns) | $852 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Revenue |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CHEVRON CORP | 5.3 % |
| BRISTOL-MYERS SQUIBB CO | 5.2 % |
| US BANCORP | 5.1 % |
| PRUDENTIAL FINANCIAL INC | 5.0 % |
| BEST BUY CO INC | 4.9 % |
| FORD MOTOR CO | 4.8 % |
| PHILIP MORRIS INTERNATIONAL | 4.8 % |
| DUKE ENERGY CORP | 4.7 % |
| KRAFT HEINZ COMPANY | 4.4 % |
| INTERNATIONAL PAPER CO | 4.2 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 333 |
| Wgt avg mkt cap (mns) | $47,228 |
| Large cap (>$10bn) | 85.6% |
| Mid cap ($2-10bn) | 14.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
BRITAIN | 2.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.7% | 46.6% | 13.6% | 12.9% | 10.7% | 9.9% | 10.5% | Volatility | 14.5% | 16.7% | 18.3% | 18.2% | 27.4% | 21.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 55% |
| MSCI EAFE | 0.95 | 65% |
| MSCI Emg Mkts | 0.74 | 38% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $9,022 |
Technical Indicators
| Recent close | $51.73 |
| 30d moving avg. | $49.75 |
| Annualized volatility | 20.8% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.7% |
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. RDIV |
Expenses vs. RDIV |
ALTAR Score™ vs. RDIV |
|---|---|---|---|---|
| SDOG | ALPS Sector Dividend Dogs ETF | 37.3% | -3 bp | +0.6% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 37.3% | -32 bp | +0.1% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 33.2% | -9 bp | -0.4% |
| DVY | iShares Select Dividend ETF | 30.2% | -1 bp | -0.6% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 29.6% | +6 bp | +0.3% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 26.5% | -10 bp | +1.0% |
| DHS | WisdomTree U.S. High Dividend Fund | 26.5% | -1 bp | -1.1% |
| PEY | Invesco High Yield Equity Dividend Achievers ETF | 25.8% | +13 bp | +1.4% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 24.1% | -12 bp | -1.5% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 22.4% | -4 bp | -1.0% |
Risk and Returns: RDIV 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 11/21/2024
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
RDIV
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™
RDIV
8.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. RDIV's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places RDIV in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RDIVSELL
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 |
| RDIV (39 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RDIV | 39.0 | 5.1 | 44.1 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .