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RZV - Invesco S&P SmallCap 600 Pure Value ETF


RZV - Invesco S&P SmallCap 600® Pure Value ETF

RZV provides a unique take on small- and micro-cap value exposure. The fund has a drastically smaller tilt than our benchmark and dips much more aggressively into micro-caps. The fund manages to carry a lower P/B ratio than our benchmark, a nod to its focus on value stocks. RZV's various size and sector bets translate to elevated market risk. Investors interested in RZV's high-beta play on small-cap value stocks will also have to weigh higher transaction costs thanks to middling daily volume and sizeable spreads, while larger investors should note that RZV's micro-cap bias creates the possibility for price impact in underlying markets. That said, RZV delivers its index very efficiently, generally tracking in line with its reasonable fee.