RSPInvesco S&P 500 Equal Weight ETF
RSP Fund Description
The Invesco S&P 500 Equal Weight ETF tracks an equal-weighted index of S&P 500 companies.
RSP Factset Analytics Insight
Probably the best-known equal-weighted ETF, 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.
RSP charges more than most plain-vanilla funds, but its fee (cut in half in June 2017) is significantly lower than many alt-weighted peers. Strong tracking and excellent liquidity keep real-world, round-trip costs low. The fund has hefty AUM and a long history.
RSP CHARTS AND PERFORMANCE
RSP Top 10 Countries
RSP Top 10 Sectors
RSP Top 10 Holdings [View All]
RSP Summary Data
RSP Portfolio Data
RSP Index Data
RSP Portfolio Management
RSP Tax Exposures
RSP Fund Structure
RSP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RSP. RSP is rated a 5 out of 5.
RSP Sector/Industry Breakdown
RSP TOP 10 HOLDINGS[View All]
RSP Economic Development
RSP Performance Statistics
RSP BENCHMARK COMPARISON SUMMARY
RSP BENCHMARK COMPARISON MARKET CAP SIZE