XMVM
Invesco S&P MidCap Value with Momentum ETF
The Invesco Fundamental Pure Mid Value Portfolio is based on the RAFI® Fundamental Mid Value Index. The Index is comprised of common stocks of "mid value" U.S. companies, including real estate investment trusts (REITs), from a universe comprised of the 2,500 largest U.S. companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
259.4 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $259 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LITHIA MOTORS INC-CL A | 3.2 % |
| AVNET INC | 2.2 % |
| UNUM GROUP | 2.2 % |
| CNX RESOURCES CORPORATION | 2.0 % |
| CNO FINANCIAL GROUP INC | 1.9 % |
| PERFORMANCE FOOD GROUP COMPANY | 1.8 % |
| GRAHAM HOLDINGS | 1.8 % |
| WEBSTER FINANCIAL CORP | 1.8 % |
| ARROW ELECTRONICS INC | 1.8 % |
| OLD NATL BANCORP/IN | 1.7 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 141 |
| Wgt avg mkt cap (mns) | $9,018 |
| Large cap (>$10bn) | 31.9% |
| Mid cap ($2-10bn) | 67.2% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
BRITAIN | 1.3 % |
 |
BERMUDA | 1.1 % |
 |
CANADA | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.5% | 34.7% | 16.3% | 12.1% | 14.3% | 10.7% | 12.2% | Volatility | 17.7% | 18.1% | 19.4% | 22.5% | 28.1% | 22.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 65% |
| MSCI EAFE | 1.01 | 58% |
| MSCI Emg Mkts | 0.65 | 24% |
Liquidity Measures
| Avg. volume (000) | 15 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.41% |
| ADV of underlying (mns) | $4,426 |
Technical Indicators
| Recent close | $55.39 |
| 30d moving avg. | $60.10 |
| Annualized volatility | 23.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 4.5% |
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. XMVM |
Expenses vs. XMVM |
ALTAR Score™ vs. XMVM |
|---|---|---|---|---|
| RFV | Invesco S&P Midcap 400 Pure Value ETF | 50.2% | -4 bp | -2.3% |
| RWK | Invesco S&P MidCap 400 Revenue ETF | 35.7% | 0 bp | -3.4% |
| GRPM | Invesco S&P MidCap 400 GARP ETF | 32.5% | -4 bp | -3.0% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 29.5% | -21 bp | -3.3% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 28.7% | -24 bp | -3.4% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 28.3% | -24 bp | -3.4% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 24.0% | +31 bp | 0.0% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 22.5% | +21 bp | -4.5% |
| EZM | WisdomTree U.S. MidCap Fund | 22.3% | -1 bp | -3.0% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 21.9% | -24 bp | -3.6% |
Risk and Returns: XMVM 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 12/20/2024
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
XMVM
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™
XMVM
10.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. XMVM's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places XMVM in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XMVMSELL
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 |
| XMVM (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XMVM | 39.0 | 40.7 | 79.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .