UPGD
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD tracks the 50 companies with the highest analyst recommendation improvers score from the Bloomberg US Large Mid Universe over the prior 6- and 12- month periods based on Bloomberg Analyst Recommendations.
US
EQUITY
Passive
MANAGEMENT STYLE
109.8 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 19, 2006 |
| Assets (mns) | $110 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CARMAX INC | 2.3 % |
| HORMEL FOODS CORP | 2.2 % |
| KROGER CO | 2.2 % |
| ZOOM VIDEO COMMUNICATIONS, INC. CLASS A | 2.1 % |
| WATERS CORP | 2.1 % |
| MOSAIC CO/THE | 2.1 % |
| EBAY INC | 2.1 % |
| ZEBRA TECHNOLOGIES CORP-CL A | 2.1 % |
| GENERAL MILLS INC | 2.1 % |
| MCCORMICK & CO-NON VTG SHRS | 2.1 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 217 |
| Wgt avg mkt cap (mns) | $44,302 |
| Large cap (>$10bn) | 95.2% |
| Mid cap ($2-10bn) | 4.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.3 % |
 |
IRELAND | 2.0 % |
 |
BRITAIN | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 16.2% | 18.7% | 19.0% | 22.1% | 27.4% | 22.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 82% |
| MSCI EAFE | 1.02 | 74% |
| MSCI Emg Mkts | 0.72 | 38% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $15,444 |
Technical Indicators
| Recent close | $70.36 |
| 30d moving avg. | $65.23 |
| Annualized volatility | 21.8% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 5.0% |
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. UPGD |
Expenses vs. UPGD |
ALTAR Score™ vs. UPGD |
|---|---|---|---|---|
| SPDV | AAM S&P 500 High Dividend Value ETF | 22.0% | -11 bp | +3.3% |
| SDOG | ALPS Sector Dividend Dogs ETF | 20.6% | -4 bp | +3.1% |
| QDIV | Global X S&P 500 Quality Dividend ETF | 20.2% | -20 bp | +1.2% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 19.7% | -5 bp | -0.5% |
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 18.5% | 0 bp | +1.8% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 18.3% | -5 bp | +1.4% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 18.2% | -2 bp | +1.4% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 18.1% | -10 bp | +1.9% |
| SEIV | SEI Enhanced U.S. Large Cap Value Factor ETF | 17.1% | -25 bp | +2.7% |
| BMVP | Invesco Bloomberg MVP Multi-factor ETF | 16.0% | -11 bp | -1.2% |
Risk and Returns: UPGD 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 12/26/2024
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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
UPGD
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™
UPGD
6.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 976 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. UPGD's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places UPGD in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UPGDSELL
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 |
| UPGD (40 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UPGD | 40.0 | 17.7 | 57.7 |
| Peer Avg. | 26.7 | 10.6 | 37.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .