RYF
Invesco S&P 500 Equal Weight Financials ETFRYF Fund Description
RYF tracks an equally weighted index of financial stocks pulled from the S&P 500.
RYF Factset Analytics Insight
RYF holds the same stocks as the SPDR's XLF, but RYF weights them equally instead of by market cap. Equal weighting increases the impact of smaller firms in the portfolio at the expense of larger ones, and greatly reduces concentration to top holdings. For RYF, this smaller-cap tilt is lessened by the fund's S&P 500-restricted universe, which excludes most small-caps. Still, its equal weighting limits the importance of dominant players in the sector and creates more exposure to lesser known companies. In the past, RYF has had periods where it outperformed cap-weighted financials such as XLF, and could repeat that if the market becomes hostile toward big banks. The ETF’s all-in costs are reasonable though cheaper financials exposure can be had.Note: RYF spun off its real estate exposure in Sept. 2016, consistent with the GICS reclassification that elevated real estate to sector-level status. The change was material: Real estate comprised about 1/3rd of the fund at the time. For each share held, RYF shareholders as of 9/16/16 received shares of EWRE, Guggenheim’s equal weight real estate ETF. (Immediately prior to the distribution, RYF had swapped its REITs for shares of EWRE.)
RYF MSCI ESG Analytics Insight
Invesco S&P 500 Equal Weight Financials ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.80 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P 500 Equal Weight Financials ETF ranks in the 38th percentile within its peer group and in the 54th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RYF MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
RYF Charts And Performance
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RYF Portfolio Data
RYF Index Data
RYF Portfolio Management
RYF Tax Exposures
RYF Fund Structure
RYF Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RYF. RYF is rated a 5 out of 5.
RYF Tradability
RYF Sector/Industry Breakdown
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RYF Top 10 Holdings[View All]
RYF Countries
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RYF Regions
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RYF Economic Development
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RYF Performance Statistics
RYF MSCI ESG Ratings
RYF Benchmark Comparison Summary
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RYF Benchmark Comparison Market Cap Size
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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 24,000 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.