RZG
Invesco S&P Smallcap 600 Pure Growth ETF
Invesco S&P Smallcap 600 Pure Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P Smallcap 600/Citigroup Pure Growth Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
107.3 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 01, 2006 |
| Assets (mns) | $107 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TWO HARBORS INVESTMENT CORP | 4.1 % |
| CINEMARK HOLDINGS INC | 1.8 % |
| PROG HOLDINGS INC | 1.6 % |
| GREEN BRICK PARTNERS, INC. | 1.6 % |
| BOOT BARN HOLDINGS INC | 1.5 % |
| UFP TECHNOLOGIES INC | 1.5 % |
| HAWKINS INC | 1.5 % |
| TG THERAPEUTICS INC | 1.4 % |
| CSW INDUSTRIALS, INC. | 1.4 % |
| SIRIUSPOINT LTD | 1.4 % |
Constituent Breakdown
| Number of holdings | 132 |
| Herfindahl-Hirschman Index | 103 |
| Wgt avg mkt cap (mns) | $3,273 |
| Large cap (>$10bn) | 0.8% |
| Mid cap ($2-10bn) | 75.9% |
| Small cap (<$2bn) | 23.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.9 % |
 |
BERMUDA | 2.0 % |
 |
PUERTO RICO | 1.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.9% | 29.6% | -30.5% | -30.5% | -12.6% | -3.0% | 1.9% | Volatility | 16.5% | 17.8% | 22.3% | 23.5% | 28.9% | 24.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 16% |
| MSCI EAFE | 0.87 | 12% |
| MSCI Emg Mkts | 0.25 | 1% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $5,920 |
Technical Indicators
| Recent close | $49.94 |
| 30d moving avg. | $50.86 |
| Annualized volatility | 45.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 9.0% |
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. RZG |
Expenses vs. RZG |
ALTAR Score™ vs. RZG |
|---|---|---|---|---|
| IJT | iShares S&P Small-Cap 600 Growth ETF | 51.5% | -17 bp | -0.3% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 50.1% | -20 bp | -0.3% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 50.0% | -20 bp | +0.1% |
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 42.4% | 0 bp | +4.5% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 29.5% | -6 bp | +2.5% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 28.3% | -20 bp | +1.4% |
| IJR | iShares Core S&P Small Cap ETF | 28.1% | -29 bp | +0.5% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 27.5% | +4 bp | +0.8% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 27.5% | -25 bp | +1.1% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 27.4% | -23 bp | +0.9% |
Risk and Returns: RZG 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 10/29/2024
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
RZG
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
RZG
6.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. RZG's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places RZG in the 63rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RZGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| RZG (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RZG | 35.0 | 32.1 | 67.1 |
| Peer Avg. | 29.9 | 13.9 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .