XRLV
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF tracks an index of large-cap US equities, selected for positive price sensitivity to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
40.4 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2015 |
| Assets (mns) | $40 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Technical |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WILLIS TOWERS WATSON PLC | 1.9 % |
| COCA-COLA CO/THE | 1.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.3 % |
| PROCTER & GAMBLE CO/THE | 1.2 % |
| REPUBLIC SERVICES INC | 1.2 % |
| COLGATE-PALMOLIVE CO | 1.2 % |
| ATMOS ENERGY CORP | 1.2 % |
| T-MOBILE US, INC. | 1.2 % |
| LOEWS CORP | 1.2 % |
| MASTERCARD INCORPORATED CLASS A | 1.2 % |
Constituent Breakdown
| Number of holdings | 98 |
| Herfindahl-Hirschman Index | 103 |
| Wgt avg mkt cap (mns) | $117,841 |
| Large cap (>$10bn) | 99.1% |
| Mid cap ($2-10bn) | 0.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.1 % |
 |
BRITAIN | 1.1 % |
 |
SWITZERLAND | 1.0 % |
 |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.6% | 24.2% | 9.6% | 8.0% | 9.2% | -- | 11.1% | Volatility | 8.6% | 8.9% | 10.3% | 12.8% | 18.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 70% |
| MSCI EAFE | 0.63 | 66% |
| MSCI Emg Mkts | 0.40 | 26% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $34,525 |
Technical Indicators
| Recent close | $53.24 |
| 30d moving avg. | $55.50 |
| Annualized volatility | 13.5% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.3% |
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. XRLV |
Expenses vs. XRLV |
ALTAR Score™ vs. XRLV |
|---|---|---|---|---|
| SPLV | Invesco S&P 500 Low Volatility ETF | 96.2% | 0 bp | 0.0% |
| ALTL | Pacer Lunt Large Cap Alternator ETF | 95.9% | +35 bp | -0.3% |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 57.7% | +45 bp | -0.8% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 43.3% | -13 bp | +0.3% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 37.6% | -10 bp | +0.6% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 33.7% | +40 bp | -2.5% |
| SDY | SPDR S&P Dividend ETF | 32.0% | +10 bp | +1.1% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 31.9% | +10 bp | +2.8% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 31.9% | +13 bp | +2.8% |
| LVOL | American Century Low Volatility ETF | 31.9% | +4 bp | -0.3% |
Risk and Returns: XRLV 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
XRLV
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
XRLV
5.3%
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%. XRLV's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places XRLV in the 45th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XRLVSELL
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 |
| XRLV (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XRLV | 25.0 | 13.2 | 38.2 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .