Key stats
About Invesco S&P 500 Equal Weight ETF
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Inception date
Apr 24, 2003
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
Probably one of the best-known equal-weighted ETFs, RSP simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, RSP does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Stocks99.84%
Finance18.97%
Technology Services10.65%
Electronic Technology9.95%
Health Technology7.91%
Utilities6.82%
Consumer Non-Durables6.38%
Producer Manufacturing6.38%
Consumer Services5.62%
Retail Trade5.00%
Process Industries4.03%
Energy Minerals2.79%
Transportation2.69%
Health Services2.42%
Consumer Durables2.35%
Commercial Services2.11%
Distribution Services2.07%
Industrial Services1.57%
Non-Energy Minerals1.30%
Communications0.61%
Miscellaneous0.20%
Bonds, Cash & Other0.16%
Mutual fund0.14%
Cash0.03%
Stock breakdown by region
North America96.27%
Europe3.73%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history