RSPInvesco S&P 500 Equal Weight ETF
RSP Fund Description
RSP tracks an equal-weighted index of S&P 500 companies.
RSP Factset Analytics Insight
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.
RSP MSCI ESG Analytics Insight
Invesco S&P 500 Equal Weight ETF has an MSCI ESG Fund Rating of A based on a score of 6.76 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P 500 Equal Weight ETF ranks in the 69th percentile within its peer group and in the 85th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RSP MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
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 Economic Development
RSP Performance Statistics
RSP MSCI ESG Ratings
RSP Benchmark Comparison Summary
RSP Benchmark Comparison Market Cap Size