Financial sector looks ready to heat upRYF has been a slow-mover lately, but it's moving up today after a blockbuster earnings report from JP Morgan. RYF today is exiting oversold relative to the S&P 500. When you look at RYF's chart in isolation, it's right below a breakout level:
With attractive valuations across the entire sector,
Key stats
About Invesco S&P 500 Equal Weight Financial ETF
Home page
Inception date
Nov 1, 2006
Structure
Open-Ended Fund
Replication method
Physical
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.
RSPF offers an equal-weight play on the US financials sector. In contrast to market-cap-weighting, the funds equal-weighting scheme increases the impact of smaller firms in the portfolio at the expense of larger ones, and greatly reduces concentration to top holdings. For RSPF, this smaller-cap tilt is lessened by the fund's S&P 500-restricted universe, which excludes most small-caps. Still, its equal-weighting limits the importance of dominant players in the sector and creates more exposure to less known companies. This can become an advantage when markets are hostile toward big banks. The index is rebalanced on a quarterly basis. Prior to June 07, 2023, the fund traded under the ticker, RYF.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Banks look fairly valued, but pose a lot of recession riskAlong with energy, the financial sector is one of the few sectors currently at an attractive valuation. With a P/E of 13.3 and a price-to-book ratio of 1.4, banks are quite reasonably priced. The dividend yield of 1.8% is low compared to bonds or energy, however.
What worries me about banks is tha
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RSPF trades at 73.54 USD today, its price has risen 1.52% in the past 24 hours. Track more dynamics on RSPF price chart.
RSPF net asset value is 73.91 today — it's risen 4.01% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RSPF assets under management is 306.27 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RSPF price has risen by 4.07% over the last month, and its yearly performance shows a 20.31% increase. See more dynamics on RSPF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.01% over the last month, showed a 2.86% increase in three-month performance and has increased by 22.65% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.01% over the last month, showed a 2.86% increase in three-month performance and has increased by 22.65% in a year.
RSPF fund flows account for −3.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RSPF invests in stocks. See more details in our Analysis section.
RSPF expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RSPF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, RSPF technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RSPF shows the buy signal. See more of RSPF technicals for a more comprehensive analysis.
Today, RSPF technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RSPF shows the buy signal. See more of RSPF technicals for a more comprehensive analysis.
Yes, RSPF pays dividends to its holders with the dividend yield of 1.60%.
RSPF trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RSPF shares are issued by Invesco Ltd.
RSPF follows the S&P 500 Equal Weighted / Financials -SEC. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 1, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.