SPGP
Invesco S&P 500 GARP ETF
SPGP tracks the S&P 500 Growth at a Reasonable Price Index. It is composed of 75 stocks in the S&P500 that have been identified as having the highest growth scores and quality & value composite scores.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
4.2 B
ASSETS UNDER MGMT
34 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2011 |
| Assets (mns) | $4,210 |
| Expense ratio | 34 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 +
| UNITED CONTINENTAL HOLDINGS | 3.2 % |
| NVIDIA CORP | 2.5 % |
| DELTA AIR LINES INC | 2.3 % |
| EOG RESOURCES, INC. | 2.3 % |
| STEEL DYNAMICS INC | 2.1 % |
| VALERO ENERGY CORP | 2.0 % |
| TJX COMPANIES INC | 2.0 % |
| ARISTA NETWORKS, INC. | 2.0 % |
| CONOCOPHILLIPS | 2.0 % |
| PAYCOM SOFTWARE INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 151 |
| Wgt avg mkt cap (mns) | $164,768 |
| Large cap (>$10bn) | 97.7% |
| Mid cap ($2-10bn) | 2.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.4 % |
 |
BERMUDA | 2.2 % |
 |
NETHERLANDS | 1.3 % |
 |
IRELAND | 1.2 % |
 |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.9% | 21.2% | 14.8% | 5.5% | 13.7% | 13.8% | 14.6% | Volatility | 14.5% | 14.6% | 16.2% | 18.6% | 24.5% | 20.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 85% |
| MSCI EAFE | 0.87 | 77% |
| MSCI Emg Mkts | 0.67 | 44% |
Liquidity Measures
| Avg. volume (000) | 199 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $90,296 |
Technical Indicators
| Recent close | $108.81 |
| 30d moving avg. | $105.43 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.2% |
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. SPGP |
Expenses vs. SPGP |
ALTAR Score™ vs. SPGP |
|---|---|---|---|---|
| JOET | Virtus Terranova US Quality Momentum ETF | 30.9% | -5 bp | -3.2% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 30.9% | +5 bp | -0.1% |
| VFLO | VictoryShares Free Cash Flow ETF | 29.0% | +5 bp | +1.1% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 29.0% | +25 bp | +0.3% |
| FTGS | First Trust Growth Strength ETF | 29.0% | +26 bp | -2.5% |
| ROE | Astoria US Quality Kings ETF | 28.3% | +15 bp | -0.6% |
| AVLV | Avantis U.S. Large Cap Value ETF | 27.2% | -19 bp | -0.8% |
| SURE | AdvisorShares Insiders Advantage ETF | 26.1% | +56 bp | +1.4% |
| EQRR | ProShares Equities for Rising Rates ETF | 25.6% | +1 bp | -0.1% |
| RDVY | First Trust Rising Dividend Achievers ETF | 24.6% | +16 bp | +1.2% |
Risk and Returns: SPGP 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
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
SPGP
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™
SPGP
7.9%
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%. SPGP's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places SPGP in the 85th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPGPSELL
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 |
| SPGP (34 bp) Percentile rank | 36 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPGP | 34.0 | 3.0 | 37 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .