This week we have US Value ETFs highlighted as our Smart Beta ETFs. US Value ETFs invest in the stocks of micro-, small-, mid-, and large-cap US companies that are trading close to or under their true value. Value has been out of favor for many years, but we saw a big shift at the end of 2020 and into 2021 as reopening ‘value’ plays became the next big rotational move. Q.ai’s deep learning algorithms have identified several of the top US Value Smart Beta ETFs based on fund flows over the last 90-days, 30-days, and 7-days. We’ve rated one ETF as Best, six as Good, and three as Caution for the week.
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Best
Invesco S&P SmallCap 600 Pure Value ETF (RZV) RZV
The first ETF scored Best for the week according to our AI systems is the Invesco S&P SmallCap 600 Pure Value ETF. This ETF is based on the S&P SmallCap 600 Pure Value Index, where value is measured by book value-to-price, earnings-to-price, and sales-to-price ratios. Based on AUM, it is on the smaller side with $114,643,848.35 AUM. Its net expense ratio of 0.35% is relatively middle of the pack compared to other value ETFs, but pricier than ETFs in different sectors. It has seen mixed fund flows, with a 90-day fund flow of $118,552,423.30, 30-day fund flow of -$12,903,033.10, and 1-week fund flow of -$836,374.10.
Simple moving average of Invesco S&P SmallCap 600 Pure Value ETF (RZV)
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Good
SPDR S&P 600 Small CapValue ETF (SLYV)
The first Good-rated ETF for this week is the SPDR S&P 600 Small CapValue ETF SLYV . This ETF aims to follow and track the S&P 600 value index, which measures the performance of the small=cap value segment in the US equity market. The ETF is on the smaller side with $2,085,783,478.01 of AUM. The ETF has seen mixed fund flows, with a 90-day fund flow of $103,923,407.55, 30-day fund flow of -$54,279,107.70, and 1-week fund flow of -$3,903,831.70. The ETF has a net expense ratio of 0.15%, on the lower end for the ETFs covered today.
Simple moving average of SPDR S&P 600 Small CapValue ETF (SLYV)
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Invesco S&P 500 Pure Value ETF (RPV)
The Invesco S&P 500 Pure Value ETF RPV is our next Good-rated ETF this week. This ETF is designed to track the performance of the S&P 500 Pure Value index, which exhibit strong value characteristics in the S&P 500 index. The value index is based on three factors, book-value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio. The ETF is also on the smaller side with $638,123,480.97 AUM. The ETF has also seen positive fund flows, with a 90-day fund flow of $1,121,387,930.00, a 30-day fund flow of $373,069,670.10, and 1-week fund flow of $284,338,342.70. The ETF also has a net expense ratio of 0.35% which is on the higher end with other similar ETFs in this category.
Simple moving average of Invesco S&P 500 Pure Value ETF (RPV)
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Vanguard Mid-Cap Value ETF (VOE)
The Vanguard Mid-Cap Value ETF VOE is another Good-rated ETF for this week. This ETF aims to provide investment results that track the mid-cap value space in the US. In terms of total size, the ETF has $9,288,740,771.86 AUM. The ETF has also seen positive fund flows, with a 90-day fund flow of $832,323,289.28, 30-day fund flow of $286,456,804.31, and 1-week fund flow of $57,051,261.98. The ETF also has an attractive net expense ratio of 0.07% which is tied for cheapest this week.
Simple moving average of Vanguard Mid-Cap Value ETF (VOE)
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Vanguard Small-Cap Value ETF (VBR)
Going down the cap level for value ETFs this week, our next ETF that is Good-rated for US Value Smart Beta ETFs VBR this week is the Vanguard Small-Cap Value ETF. Similar to the above mid-cap fund, this ETF tracks small-cap value ETFs in the US so would carry higher risk than its larger counterparts. It has $13,510,968,488.39 in AUM. It has seen positive fund flows lately, with a 90-day fund flow of $1,036,779,527.94, a 30-day fund flow of $126,744,215.69, and a 1-week fund flow of $54,334,317.71. Vanguard has fairly attractive net expense ratios and this small-cap fund is no exception, tying the lowest on the list with a cost of 0.07%.
Simple moving average of Vanguard Small-Cap Value ETF (VBR)
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iShares Russell Mid-Cap Value ETF (IWS)
Similar to its Vanguard counterpart, next on the Good-rated ETFs this week is the iShares Russell Mid-Cap Value ETF IWS . This ETF aims to get exposure to mid-sized US companies that are undervalued by the market relative to comparable companies, tilted towards the value factors. It has decent size with $10,142,263,826.20 AUM. The ETF has seen mixed fund flows, with a 90-day fund flow of $182,819,240.00, a 30-day fund flow of $265,348,345.00, and a 1-week fund flow of -$11,948,560.00. This ETF carries a higher net expense ratio of 0.25%.
Simple moving average of iShares Russell Mid-Cap Value ETF (IWS)
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Invesco S&P MidCap 400 Pure Value ETF (RFV)
Our final Good-rated ETF this week is the Invesco S&P MidCap 400 Pure Value ETF RFV . This ETF is based on the S&P MidCap 400 Pure Value Index, and identifies companies based on book value-to-price, earnings-to-price, and sales-to-price ratios. It is on the smaller size with $63,426,439.37 AUM. The ETF has seen positive fund flows, with a 90-day fund flow of $82,137,432.80, a 30-day fund flow of $23,684,345.60, and a 1-week fund flow of $10,455,145.30. This ETF ties for highest expense ratio on our list this week with 0.35%.
Simple moving average of Invesco S&P MidCap 400 Pure Value ETF (RFV)
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Caution
iShares Russell 2000 Value ETF (IWN)
The iShares Russell 2000 Value ETF IWN is our first ETF rated Caution this week. This ETF aims to give exposure to small public US companies that exhibit value characteristics. The fund is medium sized and reports $8,208,167,389.40 AUM. The ETF has also seen consistently positive fund flows, with a 90-day fund flow of $1,403,291,275.00, 30-day fund flow of $130,201,715.00, and 1-week fund flow of $42,575,855.00. Its net expense ratio of 0.24% is also among the average of ETFs covered today.
Simple moving average of iShares Russell 2000 Value ETF (IWN)
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iShares S&P Mid-Cap 400 Value ETF (IJJ)
The iShares S&P Mid-Cap 400 Value ETF IJJ in as our second Caution-scored ETF for the week. This ETF aims to replicate the S&P 400 value Index, which is compiled, maintained and calculated by Standard & Poor’s, and gives exposure to mid-cap stocks that have value characteristics. With $4,571,650,062.00 AUM, in the bottom quartile among our ETFs covered today. It has seen positive fund flows, with a 90-day fund flow of $569,586,685.00, a 30-day fund flow of $161,072,445.00, and 1-week fund flow of $170,335.00. It also has a fairly cheap net expense ratio of 0.25% compared to other value ETFs.
Simple moving average of iShares S&P Mid-Cap 400 Value ETF (IJJ)
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iShares Edge MSCI USA Value Factor ETF (VLUE)
Our final ETF covered today is the iShares Edge MSCI USA Value Factor ETF VLUE , and is rated Caution this week. This ETF seeks to track the performance of an index that measures mid- and large-cap stocks with value characteristics and relatively lower valuations. As for AUM, this ETF has $6,987,636,202.30 to manage currently. The ETF has seen consistently positive fund flows, with a 90-day fund flow of $3,553,044,535.00, a 30-day fund flow of $1,891,611,340.00, and a 1-week fund flow of $643,267,025.00. It has a reasonable net expense ratio of 0.15%.
Simple moving average of iShares Edge MSCI USA Value Factor ETF (VLUE)
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