RZV
Invesco S&P SmallCap 600® Pure Value ETF

Price: $97.55
Change: $0.33 (-0.0%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Mar 01, 2006

Analyst Report

RZV seeks to replicate a benchmark which offers exposure small cap firms that exhibit value characteristics in the U.S. equity market. The investment thesis behind small caps is that these firms are likely to provide strong growth prospects to a portfolio and should have a much easier time growing then their large cap counterparts. However, these securities are extremely volatile and can experience large losses or gains in a very short period of time. Despite their volatility, these products should probably be in every investors’ portfolio as they tend to move somewhat independently of large caps and can be a better ‘pure play’ on the American economy. This particular ETF, since it focuses on value securities, has certain biases in its portfolio holdings and may not offer as much of a cross section as funds such as IWM. However, RZV is unique in the space because it implements a ‘pure’ system. This forces the provider to classify companies in the space as either growth or value ensuring that there is no overlap between this fund and its counterpart RZG. Thanks to this shift, this fund has substantially less securities than similar products in the space and is relatively more concentrated. In fact, RZV holds just 150 securities and puts close to 17.5% of its assets in the top ten holdings, a far cry from some funds in the space that hold over 1,200 securities. Due to this, investors should consider this fund if they are looking to only tap into value securities and want nothing to do with growth companies in the space. The fund does charge more than others in the category but its methodology may be worth it to many investors.

ETF Database Themes

Asset Class Equity
Asset Class Size Micro-Cap
Asset Class Style Value
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. - Small Cap Value
  • Category Size and Style
  • Focus Small Cap
  • Niche Value
  • Strategy Value
  • Weighting Scheme Fundamental

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $50.98
  • 52 Week Hi $99.75
  • AUM $288.2 M
  • Shares 3.0 M

Historical Trading Data

  • 1 Month Avg. Volume 23,843
  • 3 Month Avg. Volume 30,445

Alternative ETFs in the ETF Database Small Cap Value Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest ISCV 0.06% $413.2 M 26,938 26.92%
Largest (AUM) IJS 0.18% $9.1 B 490,185 29.02%
Most Liquid (Volume) IJS 0.18% $9.1 B 490,185 29.02%
Top YTD Performer XSVM 0.39% $415.1 M 95,036 50.03%

Alternative ETFs in the FactSet Equity: U.S. - Small Cap Value Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest ISCV 0.06% $413.2 M 26,938 26.92%
Largest (AUM) VBR 0.07% $25.3 B 395,377 25.44%
Most Liquid (Volume) IWN 0.24% $16.6 B 1 M 27.02%
Top YTD Performer XSVM 0.39% $415.1 M 95,036 50.03%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

RZV ETF Database Category Average FactSet Segment Average
Number of Holdings 165 490 624
% of Assets in Top 10 18.95% 11.21% 9.40%
% of Assets in Top 15 24.67% 15.41% 12.96%
% of Assets in Top 50 53.83% 38.37% 32.85%

Size Comparison

RZV ETF Database Category Average FactSet Segment Average
Large (>12.9B) 0.00% 1.00% 1.21%
Mid (>2.7B) 10.30% 42.61% 40.20%
Small (>600M) 72.96% 50.37% 53.51%
Micro (<600M) 16.73% 6.00% 5.06%

RZV Valuation

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

RZV
P/E Ratio
26.40
ETF Database Category Average
P/E Ratio
15.97
FactSet Segment Average
P/E Ratio
15.36

RZV Dividend

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

RZV ETF Database Category Average FactSet Segment Average
Dividend $ 0.21 $ 0.28 $ 0.39
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.66 $ 0.93 $ 1.28
Annual Dividend Yield 0.68% 1.18% 1.30%

RZV Price and Volume Chart

RZV Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 1.91 M 1 Month Net Flows: -3.64 M 3 Month Net Flows: -96.1 M 6 Month Net Flows: -89.96 M 1 Year Net Flows: 66.57 M 3 Year Net Flows: 70.42 M 5 Year Net Flows: 49.85 M 10 Year Net Flows: 108.85 M

RZV Price vs Flows AUM Influence

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

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for RZV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Small Cap Value Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

RZV Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

RZV
Expense Ratio
0.35%
ETF Database Category Average
Expense Ratio
0.35%
FactSet Segment Average
Expense Ratio
0.28%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
4.47/10
ESG Score
15.89%
Global Percentile
4.1%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.22%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      313.43
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      5.22%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      2.44%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

RZV Performance

This section shows how this ETF has performed relative to its peers.

RZV ETF Database
Category Average
Factset Segment
Average
1 Month Return 7.56% 4.95% 4.69%
3 Month Return 10.75% 7.53% 6.78%
YTD Return 47.54% 32.86% 29.05%
1 Year Return 74.05% 57.11% 49.90%
3 Year Return 42.37% 43.44% 36.24%
5 Year Return 66.33% 68.03% 58.08%

Geographic Exposure

The following charts reflect the geographic spread of RZV's underlying holdings.

Region Percentage
North, Central and South America 100.0%
Other 0.01%
Country Percentage
United States 96.17%
Bermuda 2.53%
Puerto Rico 0.77%
Canada 0.53%
Other 0.01%

Holdings Analysis

The following charts reflect the allocation of RZV's underlying holdings.

Sector Percentage
Finance 24.92%
Retail Trade 11.18%
Distribution Services 9.9%
Process Industries 9.47%
Energy Minerals 8.85%
Consumer Non-Durables 5.41%
Producer Manufacturing 4.55%
Non-Energy Minerals 4.25%
Electronic Technology 3.65%
Industrial Services 3.57%
Commercial Services 3.02%
Consumer Services 2.99%
Transportation 2.96%
Technology Services 1.41%
Communications 1.24%
Consumer Durables 1.09%
Health Services 0.71%
Health Technology 0.61%
Utilities 0.22%
Other 0.01%
CASH 0.0%
Market Cap Percentage
Small 72.96%
Micro 16.73%
Mid 10.3%
Large 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 100.0%
Other 0.01%
CASH 0.0%
Sector Percentage
Finance 24.92%
Retail Trade 11.18%
Distribution Services 9.9%
Process Industries 9.47%
Energy Minerals 8.85%
Consumer Non-Durables 5.41%
Producer Manufacturing 4.55%
Non-Energy Minerals 4.25%
Electronic Technology 3.65%
Industrial Services 3.57%
Commercial Services 3.02%
Consumer Services 2.99%
Transportation 2.96%
Technology Services 1.41%
Communications 1.24%
Consumer Durables 1.09%
Health Services 0.71%
Health Technology 0.61%
Utilities 0.22%
Other 0.01%
CASH 0.0%

RZV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
81.09%
Rank
2 of 16

20 Day Volatility
22.84%
Rank
2 of 16

50 Day Volatility
22.13%
Rank
1 of 16

200 Day Volatility
24.93%
Rank
1 of 16

Beta
1.72
Rank
1 of 16

Standard Deviation
13.27%
Rank
4 of 15

Technicals

  • 20 Day MA $94.80
  • 60 Day MA $92.50
  • MACD 15 Period 1.31
  • MACD 100 Period 4.37
  • Williams % Range 10 Day 37.60
  • Williams % Range 20 Day 17.77
  • RSI 10 Day 62
  • RSI 20 Day 59
  • RSI 30 Day 57
  • Ultimate Oscillator 48

Bollinger Bands

  • Lower Bollinger (10 Day) $95.21
  • Upper Bollinger (10 Day) $99.00
  • Lower Bollinger (20 Day) $88.78
  • Upper Bollinger (20 Day) $100.74
  • Lower Bollinger (30 Day) $87.83
  • Upper Bollinger (30 Day) $99.55

Support & Resistance

  • Support Level 1 $96.82
  • Support Level 2 $96.08
  • Resistance Level 1 $99.02
  • Resistance Level 2 $100.48

Stochastic

  • Stochastic Oscillator %D (1 Day) 36.13
  • Stochastic Oscillator %D (5 Day) 59.58
  • Stochastic Oscillator %K (1 Day) 47.14
  • Stochastic Oscillator %K (5 Day) 66.07

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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