RZV
Invesco S&P Smallcap 600 Pure Value ETF
Invesco S&P Smallcap 600 Pure Value 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 Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
251.8 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) | $252 |
| 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 +
| NCR ATLEOS CORP | 3.4 % |
| ECHOSTAR CORP-A | 2.3 % |
| JETBLUE AIRWAYS CORP | 2.0 % |
| CRESCENT ENERGY COMPANY CLASS A | 2.0 % |
| PHINIA INC. | 2.0 % |
| UNITED NATURAL FOODS INC | 1.9 % |
| FRESH DEL MONTE PRODUCE INC | 1.8 % |
| GREEN DOT CORP-CLASS A | 1.8 % |
| BENCHMARK ELECTRONICS INC | 1.8 % |
| WORLD KINECT CORP | 1.8 % |
Constituent Breakdown
| Number of holdings | 140 |
| Herfindahl-Hirschman Index | 108 |
| Wgt avg mkt cap (mns) | $2,004 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 38.9% |
| Small cap (<$2bn) | 61.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.4 % |
 |
BRITAIN | 1.3 % |
 |
IRELAND | 1.2 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.9% | 21.8% | 21.4% | 7.1% | 12.6% | 7.7% | 6.9% | Volatility | 20.7% | 22.9% | 24.7% | 24.6% | 31.8% | 26.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 55% |
| MSCI EAFE | 1.18 | 60% |
| MSCI Emg Mkts | 0.84 | 29% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $3,033 |
Technical Indicators
| Recent close | $107.70 |
| 30d moving avg. | $108.17 |
| Annualized volatility | 27.0% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.4% |
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. RZV |
Expenses vs. RZV |
ALTAR Score™ vs. RZV |
|---|---|---|---|---|
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 38.2% | +4 bp | -0.5% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 32.1% | -17 bp | -0.8% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 31.4% | -20 bp | -0.7% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 31.0% | -20 bp | +0.0% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 28.4% | +1 bp | +3.5% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 25.7% | +12 bp | 0.0% |
| SSLY | Syntax Stratified SmallCap ETF | 22.0% | +5 bp | -1.2% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 19.9% | +38 bp | +2.0% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 17.8% | -23 bp | -1.2% |
| IJR | iShares Core S&P Small Cap ETF | 17.5% | -29 bp | -1.5% |
Risk and Returns: RZV 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
RZV
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™
RZV
8.4%
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%. RZV's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places RZV in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RZVSELL
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 |
| RZV (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) |
|
|---|---|---|---|
| RZV | 35.0 | 31.8 | 66.8 |
| Peer Avg. | 29.9 | 13.9 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .