SPVU
Invesco S&P 500 Enhanced Value ETF
The Invesco S&P 500 Value Portfolio tracks an index composed of 100 of the highest-scoring securities by value held within the S&P 500.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
94.5 M
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 09, 2015 |
| Assets (mns) | $95 |
| Expense ratio | 13 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 +
| JPMORGAN CHASE & CO | 5.8 % |
| BANK OF AMERICA CORP | 5.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 5.2 % |
| WELLS FARGO & CO | 4.9 % |
| EXXON MOBIL CORP | 4.7 % |
| CHEVRON CORP | 4.5 % |
| AT&T INC | 4.3 % |
| COMCAST CORP-CL A | 3.2 % |
| VERIZON COMMUNICATIONS INC | 3.0 % |
| CITIGROUP INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 258 |
| Wgt avg mkt cap (mns) | $225,130 |
| Large cap (>$10bn) | 98.4% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.5 % |
 |
BERMUDA | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.7% | 33.3% | 14.9% | 12.4% | 10.6% | -- | 10.0% | Volatility | 13.0% | 13.5% | 15.6% | 18.2% | 25.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 66% |
| MSCI EAFE | 0.90 | 63% |
| MSCI Emg Mkts | 0.63 | 30% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $28,662 |
Technical Indicators
| Recent close | $48.78 |
| 30d moving avg. | $52.83 |
| Annualized volatility | 19.9% |
| 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. SPVU |
Expenses vs. SPVU |
ALTAR Score™ vs. SPVU |
|---|---|---|---|---|
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 57.2% | +47 bp | -4.5% |
| RPV | Invesco S&P 500 Pure Value ETF | 46.1% | +22 bp | +0.7% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 41.1% | +26 bp | -1.2% |
| VLUE | iShares MSCI USA Value Factor ETF | 40.0% | +2 bp | +1.2% |
| DFLV | Dimensional US Large Cap Value ETF | 39.2% | +9 bp | -1.7% |
| USCF | Themes US Cash Flow Champions ETF | 38.8% | +16 bp | -1.4% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 36.4% | +46 bp | -0.8% |
| PWV | Invesco Large Cap Value ETF | 36.4% | +42 bp | -2.2% |
| DFUV | Dimensional US Marketwide Value ETF | 34.2% | +9 bp | -2.0% |
| RWL | Invesco S&P 500 Revenue ETF | 34.0% | +26 bp | -2.6% |
Risk and Returns: SPVU 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 12/18/2024
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
SPVU
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™
SPVU
9.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. SPVU's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places SPVU in the 94th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPVUSELL
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 |
| SPVU (13 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPVU | 13.0 | 18.2 | 31.2 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .