XRLVInvesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV Fund Description
XRLV tracks an index of large-cap US equities, selected for positive correlation to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.
XRLV Factset Analytics Insight
XRLV is a low-volatility US large-cap ETF tuned for rising rates. Like bonds, dividend-paying stocks can suffer when rates rise. Higher-dividend stocks often find their way into low-vol ETFs since such stocks often exhibit more stable returns. XRLV aims to subdue the possible downside from rising interest rates by removing the 100 names from the S&P 500 that have tended to fare the worst when rates rise (using a 5-year comparison to 10-year Treasurys.) The fund is weighted inversely to volatility. The resulting portfolio doesn’t closely resemble our large-cap benchmark, with numerous sector tilts and a bias toward smaller firms. Daily trading volume in XRLV is modest, but spreads are usually manageable for small investors. Block traders should find decent execution due to the liquid underlying basket of stocks. The fund charges a reasonable fee for the strategy, but it looks quite pricey next to the several dirt-cheap plain-vanilla funds available in the US large-cap space.
XRLV MSCI ESG Analytics Insight
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF has an MSCI ESG Fund Rating of A based on a score of 6.05 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 ex-Rate Sensitive Low Volatility ETF ranks in the 55th percentile within its peer group and in the 79th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
XRLV 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.
XRLV Summary Data
XRLV Portfolio Data
XRLV Index Data
XRLV Portfolio Management
XRLV Tax Exposures
XRLV Fund Structure
XRLV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XRLV. XRLV is rated a 5 out of 5.
XRLV Sector/Industry Breakdown
XRLV Top 10 Holdings[View All]
XRLV Economic Development
XRLV Performance Statistics
XRLV MSCI ESG Ratings
XRLV Benchmark Comparison Summary
XRLV Benchmark Comparison Market Cap Size