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Invesco S&P 500® Equal Weight Health Care ETF (RSPH)RSPH
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Upturn Advisory Summary
09/18/2024: RSPH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -6.13% | Upturn Advisory Performance  2 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -6.13% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 89597 | Beta 0.97 |
52 Weeks Range 24.91 - 32.85 | Updated Date 09/18/2024 |
52 Weeks Range 24.91 - 32.85 | Updated Date 09/18/2024 |
AI Summarization
ETF Invesco S&P 500® Equal Weight Health Care ETF Summary
Profile:
- Invesco S&P 500® Equal Weight Health Care ETF (RYH) tracks the S&P 500® Equal Weight Health Care Index.
- Focuses on the healthcare sector within the S&P 500, holding all eligible healthcare constituents weighted equally.
- Employs a passive management strategy, aiming to replicate the index performance.
Objective:
- Seeks to provide investors with:
- Exposure to the healthcare sector of the S&P 500.
- Diversification within the sector.
- Potential for capital appreciation.
Issuer:
- Invesco Ltd. (IVZ):
- Leading global asset management firm with over 75 years of experience.
- Manages over $1.2 trillion in assets across various investment products.
- Highly-rated by Morningstar, Lipper, and ETF.com.
Market Share:
- RYH holds a market share of around 2% in the healthcare ETF sector.
Total Net Assets:
- Approximately $2.7 billion.
Moat:
- Equal-weighting strategy: Reduces concentration risk in any one company compared to market-cap weighted healthcare ETFs.
- Broad diversification: Provides exposure to various healthcare sub-sectors.
- Strong track record: Outperformed the S&P 500 Healthcare Index in several periods.
Financial Performance:
- 3-year average annual return: 14.81% (as of November 17, 2023).
- Outperformed the S&P 500 Healthcare Index in 2021 and 2022.
Growth Trajectory:
- Healthcare sector expected to grow steadily due to aging demographics and rising healthcare spending.
Liquidity:
- Average daily trading volume: Over 400,000 shares.
- Tight bid-ask spread: Offers investors efficient entry and exit points.
Market Dynamics:
- Factors affecting RYH:
- Overall market performance.
- Healthcare sector performance.
- Government regulations.
- Technological advancements.
Competitors:
- Key competitors:
- iShares U.S. Healthcare ETF (IYH)
- Vanguard Health Care ETF (VHT)
- SPDR S&P Health Care ETF (XLV)
Expense Ratio:
- 0.40% per year.
Investment approach and strategy:
- Tracks the S&P 500® Equal Weight Health Care Index.
- Invests in all eligible healthcare constituents with equal weightings.
- Employs a passive management style.
Key Points:
- Provides diversified exposure to the healthcare sector.
- Offers potential for capital appreciation.
- Charges a relatively low expense ratio.
- Highly liquid with tight bid-ask spread.
Risks:
- Sector-specific risks associated with the healthcare industry.
- Volatility due to market fluctuations.
- Equal-weighting strategy could underperform compared to market-cap weighted ETFs in bull markets.
Who Should Consider Investing:
- Investors seeking exposure to the healthcare sector.
- Investors who prefer a passively managed investment approach.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI:
- 8/10: RYH exhibits strong fundamentals based on its track record, diversification, liquidity, and competitive expense ratio. However, its sector-specific focus and potential for underperformance in bull markets pose limitations.
Resources:
- Invesco US ETF Information: https://us.invesco.com/content/ivz-us/en/etfs/ryh.html
- Morningstar Rating: https://www.morningstar.com/etfs/xnas/ryh/quote.html
- Lipper Leader: https://lipperleaders.lipperalpha.com/us-en/etf-leaders/ryh-us
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco S&P 500® Equal Weight Health Care ETF
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Health Care Index (the "parent index"). The parent index is designed to measure the performance of common stocks of all companies included in the S&P 500® Index that are classified as members of the health care sector, as defined according to the Global Industry Classification Standard ("GICS®").
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