RFG - ETF AI Analysis

Top Page

Invesco S&P Midcap 400 Pure Growth ETF (RFG)

Rating:72Outperform

Price Target:―

RFG, the Invesco S&P Midcap 400 Pure Growth ETF, earns a solid overall rating thanks to several strong growth-focused holdings with healthy business trends and positive outlooks. Standouts like Medpace Holdings, Woodward, TechnipFMC, and Rambus support the fund’s quality through strong financial performance, upbeat earnings commentary, and generally favorable technical trends, even if valuations look rich in places. The rating is held back somewhat by weaker names such as AeroVironment and Echostar, which face financial and valuation challenges, and by the risk that many holdings share similar growth-style risks like high valuations and occasional overbought or bearish technical signals.

Positive Factors

Strong Recent Performance

The ETF has shown solid gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Leading Holdings With Strong Gains

Several of the largest positions, such as Hecla Mining, AeroVironment, Celsius, and Rambus, have delivered strong year-to-date performance, helping drive the fund’s returns.

Broad Sector Diversification

Holdings are spread across many sectors, with meaningful exposure to industrials, health care, and technology, which helps reduce reliance on any single industry.

Negative Factors

Higher-Than-Average Expense Ratio

The fund’s expense ratio is on the higher side for an ETF, which can modestly reduce net returns over time compared with lower-cost options.

Heavy U.S. Concentration

Almost all of the ETF’s assets are invested in U.S. companies, offering very little geographic diversification outside the United States.

Mid-Cap Growth and Sector Tilt Risks

The focus on mid-cap growth stocks and sizable weights in cyclical areas like industrials and consumer sectors can make the fund more sensitive to economic slowdowns and market swings.

RFG vs. SPDR S&P 500 ETF (SPY)

AUM316.73M

RegionNorth America

Expense Ratio0.35%

Beta1.07

IssuerInvesco

Inception DateMar 01, 2006

Dividend Yield0.39%

Asset ClassEquity

Index TrackedS&P Mid Cap 400 Pure Growth

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume8,532

30 Day Avg. Volume9,670

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

64.42

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering93

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

RFG Summary

The Invesco S&P Midcap 400 Pure Growth ETF (RFG) tracks the S&P Mid Cap 400 Pure Growth Index, focusing on medium‑sized U.S. companies expected to grow faster than average. It holds a mix of industrial, health care, and technology stocks, including names like Celsius Holdings and Rambus. Investors might consider RFG if they want growth potential from companies that are larger and more established than small caps but still have room to expand, helping diversify a stock portfolio. A key risk is that growth-focused mid-cap stocks can be more volatile and may fall sharply during market downturns.

How much will it cost me?The Invesco S&P Midcap 400 Pure Growth ETF (RFG) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This cost is slightly higher than average because the fund is actively managed to focus on mid-cap growth stocks, requiring more research and strategy compared to passively managed ETFs. It’s designed for investors seeking targeted exposure to companies with strong growth potential.

What would affect this ETF?The Invesco S&P Midcap 400 Pure Growth ETF (RFG) could benefit from economic growth and innovation within sectors like Industrials, Health Care, and Technology, which make up a significant portion of its holdings. However, it may face challenges if interest rates rise, as growth stocks often become less attractive in such environments, or if economic uncertainty impacts mid-cap companies more heavily than larger firms. Regulatory changes or sector-specific disruptions could also influence the performance of its top holdings.

RFG Top 10 Holdings

RFG is leaning hard into U.S. mid-cap growth, with a noticeable tilt toward industrials, health care, and tech names that are doing much of the heavy lifting. Rambus is one of the fund’s clear bright spots, riding strong AI-related momentum, while Hecla Mining and TechnipFMC are also rising and giving the portfolio an extra boost from materials and energy. Medpace and Halozyme keep the health care engine humming, though their gains look steadier than spectacular. On the flip side, Talen Energy is losing steam and quietly tugging on returns, with AeroVironment and Celsius showing more mixed, stop-and-go performance.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
VAL	Valaris	2.26%	$7.26M	$6.30B	129.18%	76 Outperform
WWD	Woodward	2.20%	$7.09M	$23.39B	113.29%	79 Outperform
FTI	TechnipFMC	2.12%	$6.82M	$25.19B	117.95%	80 Outperform
HL	Hecla Mining Company	2.10%	$6.75M	$14.76B	360.15%	74 Outperform
ARWR	Arrowhead Pharmaceuticals	2.08%	$6.69M	$9.02B	219.55%	57 Neutral
HALO	Halozyme	1.97%	$6.34M	$8.64B	22.91%	73 Outperform
STRL	Sterling Infrastructure	1.86%	$5.97M	$12.61B	274.49%	71 Outperform
CRS	Carpenter Technology	1.85%	$5.95M	$18.54B	99.67%	75 Outperform
FIVE	Five Below	1.82%	$5.87M	$11.82B	156.16%	76 Outperform
CELH	Celsius Holdings	1.81%	$5.83M	$11.20B	48.13%	71 Outperform

RFG Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

55.10

Positive

100DMA

53.22

Positive

200DMA

51.24

Positive

Market Momentum

MACD

0.69

Negative

RSI

64.69

Neutral

STOCH

90.82

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RFG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 56.46, equal to the 50-day MA of 55.10, and equal to the 200-day MA of 51.24, indicating a bullish trend. The MACD of 0.69 indicates Negative momentum. The RSI at 64.69 is Neutral, neither overbought nor oversold. The STOCH value of 90.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RFG.

RFG Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
RFG	―	―	$316.73M	0.35%	―
FNY	―	―	$507.02M	0.73%	―
NUMG	―	―	$357.20M	0.31%	―
GLRY	―	―	$147.87M	0.80%	―
FRTY	―	―	$139.68M	0.60%	―
TMFM	―	―	$132.02M	0.85%	―

Performance Comparison

RFG

Invesco S&P Midcap 400 Pure Growth ETF

58.33

11.43

24.37%

FNY

First Trust Mid Cap Growth AlphaDEX Fund

―

NUMG

Nuveen ESG Mid-Cap Growth ETF

―

GLRY

Inspire Faithward Mid Cap Momentum ESG ETF

―

FRTY

Alger Mid Cap 40 ETF

―

TMFM

Motley Fool Mid-Cap Growth ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

Table of Contents