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
Stocks99.87%
Finance19.19%
Technology Services10.36%
Electronic Technology9.58%
Health Technology7.74%
Utilities7.25%
Consumer Non-Durables6.76%
Producer Manufacturing6.16%
Consumer Services5.51%
Retail Trade5.08%
Process Industries4.07%
Energy Minerals2.88%
Transportation2.68%
Health Services2.53%
Consumer Durables2.33%
Distribution Services2.12%
Commercial Services2.07%
Industrial Services1.44%
Non-Energy Minerals1.28%
Communications0.65%
Miscellaneous0.20%
Bonds, Cash & Other0.13%
Mutual fund0.11%
Cash0.03%
Stock breakdown by region
North America96.30%
Europe3.70%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history