The Invesco S&P SmallCap 600 Pure Value ETF (RZV) is an equity ETF with $0.24 billion in assets under management. It seeks to replicate the S&P SmallCap 600 Pure Value Index, focusing on small-cap U.S. companies exhibiting strong value characteristics based on book value-to-price, earnings-to-price, and sales-to-price ratios. With an expense ratio of 0.35%, RZV offers targeted exposure to the small-cap value segment of the market.
Invesco S&P SmallCap 600 Pure Value ETF (RZV) ETF — Price, Holdings & Analysis
The Invesco S&P SmallCap 600 Pure Value ETF (RZV) is an equity ETF with $0.24 billion in assets under management. It seeks to replicate the S&P SmallCap 600 Pure Value Index, focusing on small-cap U.S. companies exhibiting strong value characteristics based on book value-to-price, earnings-to-price, and sales-to-price ratios. With an expense ratio of 0.35%, RZV offers targeted exposure to the small-cap value segment of the market.
ETF Overview
The Invesco S&P SmallCap 600 Pure Value ETF (Fund) is based on the S&P SmallCap 600 Pure Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong value characteristics in the S&P SmallCap 600 Index. Value is measured by the following risk factors: book value-to-price ratio, earnings-to-price ratio and sales-to-price ratio. The Fund and the Index are rebalanced annually.
RZV aims to capture the performance of small-cap companies within the S&P SmallCap 600 Index that demonstrate strong value characteristics. The fund invests at least 90% of its total assets in securities that comprise the S&P SmallCap 600 Pure Value Index. This index uses factors like book value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio to identify value stocks. The fund's top holdings include companies like Acadia Healthcare Co Inc (1.67%), Edgewell Personal Care Co (1.47%), and Ichor Holdings Ltd (1.46%). RZV provides a focused approach to value investing within the small-cap space, potentially appealing to investors seeking exposure to undervalued companies with growth potential. The fund's sector allocation is heavily weighted towards Consumer Cyclical (29.1%) and Industrials (16.8%). The index and the fund are rebalanced annually.
Risk Metrics
RZV's focus on small-cap value stocks introduces specific risks. Small-cap companies can be more volatile than large-cap companies, leading to potentially larger price swings. The fund's sector allocation, with a significant portion in Consumer Cyclical (29.1%) and Industrials (16.8%), exposes it to sector-specific risks and economic cycles. With a beta of 1.33, RZV is more volatile than the overall market. The expense ratio of 0.35% will create a slight drag on performance relative to the underlying index. these may be worth researching factors when evaluating RZV for their portfolios. Past performance does not guarantee future results.
The Invesco S&P SmallCap 600 Pure Value ETF (RZV) is an exchange-traded fund that aims to replicate the performance of the S&P SmallCap 600 Pure Value Index. This index measures the performance of small-cap U.S. companies exhibiting strong value characteristics. The fund invests at least 90% of its total assets in the securities that comprise the index. The value characteristics are determined by factors such as book value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio. As of 2026-03-15, RZV has $0.24 billion in assets under management.
What is the expense ratio for RZV?
The expense ratio for RZV is 0.35%. This means that for every $10,000 invested in the fund, $35 is charged annually to cover operating expenses. While this is not the lowest expense ratio available in the equity ETF category, it is still competitive. The category average expense ratio is approximately 0.44%. the may be worth researching expense ratio as part of their overall investment decision, as it can impact long-term returns.
What are the top holdings in RZV?
As of 2026-03-15, the top holdings in RZV include Acadia Healthcare Co Inc, representing 1.67% of the fund's assets. Other significant holdings are Edgewell Personal Care Co at 1.47%, and Ichor Holdings Ltd, accounting for 1.46% of the fund. Newell Brands Inc comprises 1.40% of the portfolio, and MarineMax Inc makes up 1.34%. These top holdings reflect the fund's focus on small-cap companies with strong value characteristics within the S&P SmallCap 600 Index.
Is RZV a good long-term investment?
Whether RZV is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. RZV offers exposure to small-cap value stocks, which can potentially outperform the broader market over the long term, but may also experience higher volatility. The fund's expense ratio of 0.35% should be factored into the overall return expectations. RZV may be worth researching's historical performance, sector allocation, and underlying index methodology before making a decision. Past performance does not guarantee future results.
How does RZV compare to similar ETFs?
RZV differentiates itself through its focus on pure value characteristics within the S&P SmallCap 600 Index. Its expense ratio is 0.35%. Other small-cap value ETFs may have different methodologies, expense ratios, or asset sizes. Investors should compare RZV's holdings, sector allocations, and tracking error to those of competing ETFs to determine which fund best aligns with their investment objectives. Some competing ETFs may have a broader definition of 'value' or focus on different segments of the small-cap market.
Does RZV pay dividends?
As of 2026-03-15, the dividend yield for RZV is 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. The fund's focus on value stocks within the small-cap segment may result in a lower dividend yield compared to ETFs that prioritize dividend-paying stocks. Investors seeking current income may want to consider other ETFs with a higher dividend yield.