RYE
Invesco S&P 500® Equal Weight Energy ETF

Price: $77.37
Change: $1.06 (-0.01%)
Category: Energy Equities
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.40%
ETF Home Page Home page
Inception Nov 01, 2006

Analyst Report

This ETF offers a unique way to access the U.S. energy market, giving investors seeking to avoid cap-weighted products an alternative way to bet on oil stocks. RYE is likely too targeted for those investors with a long-term focus, but can be useful as a way to tilt portfolio exposure towards a specific sector or as part of a long/short pairs trade. Like many Rydex ETFs, RYE is equal-weighted, meaning that exposure is spread evenly across portfolio components. This methodology may be particularly appealing in the top-heavy energy industry, where traditional cap-weighting can result in significant concentration issues. ETF options such as XLE or FEG will be cheaper form a cost perspective, but this Rydex ETF offers an opportunity to achieve more balanced exposure to the energy sector that avoids the potential performance drags of cap-weighted ETFs.

ETF Database Themes

Category Energy Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Energy
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Energy
Category Sector
Focus Energy
Niche Broad-based
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $42.89
  • 52 Week Hi $80.47
  • AUM $632.2 M
  • Shares 8.1 M

Historical Trading Data

  • 1 Month Avg. Volume 82,642
  • 3 Month Avg. Volume 92,638

Alternative ETFs in the ETF Database Energy Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FENY 0.08% $1.8 B 1 M 71.41%
Largest (AUM) XLE 0.10% $44.3 B 27 M 71.46%
Most Liquid (Volume) XLE 0.10% $44.3 B 27 M 71.46%
Top YTD Performer PXE 0.63% $358.0 M 167,720 79.22%

Alternative ETFs in the FactSet Equity: U.S. Energy Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FENY 0.08% $1.8 B 1 M 71.41%
Largest (AUM) XLE 0.10% $44.3 B 27 M 71.46%
Most Liquid (Volume) XLE 0.10% $44.3 B 27 M 71.46%
Top YTD Performer XLE 0.10% $44.3 B 27 M 71.46%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

RYE ETF Database Category Average FactSet Segment Average
Number of Holdings 24 48 51
% of Assets in Top 10 47.32% 56.29% 59.85%
% of Assets in Top 15 69.17% 69.87% 73.51%
% of Assets in Top 50 100.01% 95.17% 99.10%

Size Comparison

RYE ETF Database Category Average FactSet Segment Average
Large (>12.9B) 100.17% 59.78% 73.18%
Mid (>2.7B) 0.00% 23.56% 18.28%
Small (>600M) 0.00% 9.01% 7.84%
Micro (<600M) 0.00% 0.37% 0.50%

RYE Valuation

This section compares the P/E ratio of this ETF to its peers.

RYE
P/E Ratio
22.79
ETF Database Category Average
P/E Ratio
19.90
FactSet Segment Average
P/E Ratio
23.38

RYE Dividend

This section compares the dividend yield of this ETF to its peers.

RYE ETF Database Category Average FactSet Segment Average
Dividend $ 0.29 $ 0.35 $ 0.22
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.97 $ 0.84 $ 0.78
Annual Dividend Yield 1.93% 2.21% 1.95%

RYE Price and Volume Charts

View charts featuring RYE price and volume data.

RYE Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 3.81 M 1 Month Net Flows: 32.73 M 3 Month Net Flows: 45.43 M 6 Month Net Flows: -56.79 M 1 Year Net Flows: 163.27 M 3 Year Net Flows: 284.1 M 5 Year Net Flows: 221.23 M 10 Year Net Flows: 495.94 M

RYE Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.