Is Invesco S&P SmallCap 600 Pure Value ETF (RZV) a Strong ETF Right Now?

Core Viewpoint - The Invesco S&P SmallCap 600 Pure Value ETF (RZV) offers investors exposure to small-cap value stocks and aims to match the performance of the S&P SmallCap 600 Pure Value Index, with a focus on strong value characteristics [1][5]. Fund Overview - RZV debuted on March 1, 2006, and has accumulated over $209.5 million in assets, categorizing it as an average-sized ETF in the small-cap value space [1][5]. - The fund is sponsored by Invesco and has an annual operating expense ratio of 0.35%, which is competitive within its peer group [5][6]. Performance Metrics - Year-to-date, RZV has experienced a loss of approximately -2.68%, while it has gained about 4.65% over the last 12 months as of July 16, 2025 [9]. - The ETF has a beta of 1.20 and a standard deviation of 24.59% over the trailing three-year period, indicating a higher risk profile [10]. Sector Allocation - The fund's largest sector allocation is in Consumer Discretionary, comprising about 26.9% of the portfolio, followed by Financials and Energy [7]. - Par Pacific Holdings Inc (PARR) is the largest individual holding at approximately 2.49% of total assets, with the top 10 holdings accounting for about 17.72% of RZV's total assets [8]. Alternatives - Other ETFs in the small-cap value space include iShares Russell 2000 Value ETF (IWN) and Vanguard Small-Cap Value ETF (VBR), which have significantly larger asset bases of $10.87 billion and $29.86 billion, respectively [12]. - IWN has a lower expense ratio of 0.24%, while VBR has a minimal change of 0.07%, making them potentially more attractive options for cost-conscious investors [12].