US Sector Performance using Equal-Weighted Sector ETFsThis chart shows sector performance over the last year, 4/2021 to 4/2022. The chart uses a weekly timeframe and compares equal-weighted sectors. Many major indices and ETFs are skewed given heavy weightings in technology, consumer discretionary, and communications mega-cap stocks (mostly the FAANG s
Key stats
About Invesco S&P 500 Equal Weight Technology ETF
Home page
Inception date
Nov 1, 2006
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.
RSPT provides broad coverage of large technology companies but its equal-weighting scheme skews it away from having a market-like portfolio. A pure market-cap benchmark would invest heavily in its top securities, which are the mega-caps in the tech industry. Instead, RSPT allocates only a fraction of its overall assets to its top ten holdings. This produces sector tilts such as an overweight to semiconductors and an underweight to software & IT services. The index is rebalanced on a quarterly basis. Prior to June 07, 2023, the fund traded under the ticker, RYT.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
Top 10 holdings
US Technology Continues to Get CrushedUS technology sector continues to get crushed. The chart above is a equal-weighted version of the tech sector.
An ominous H&S pattern appears that was confirmed a few days ago by a decisive break of the neckline on higher volume. With the speed of the decline, October 2021 lows may well be taken o
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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.