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Is Invesco S&P 500 Equal Weight Technology ETF (RSPT) a Strong ETF Right Now?

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The Invesco S&P 500 Equal Weight Technology ETF (RSPT - Free Report) made its debut on 11/01/2006, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.

What Are Smart Beta ETFs?

Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.

Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.

But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.

Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.

This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.

Fund Sponsor & Index

Managed by Invesco, RSPT has amassed assets over $3.68 billion, making it one of the larger ETFs in the Technology ETFs. RSPT seeks to match the performance of the S&P 500 EQUAL WEIGHT INFO TECH INDEX before fees and expenses.

The S&P 500 Equal Weight Information Technology Index equally weights stocks in the information technology sector of the S&P 500 Index.

Cost & Other Expenses

When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.

With one of the cheaper products in the space, this ETF has annual operating expenses of 0.40%.

It's 12-month trailing dividend yield comes in at 0.20%.

Sector Exposure and Top Holdings

Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.

RSPT's heaviest allocation is in the Information Technology sector, which is about 100% of the portfolio.

Looking at individual holdings, Arista Networks Inc (ANET) accounts for about 2.09% of total assets, followed by Advanced Micro Devices Inc (AMD) and Oracle Corp (ORCL).

The top 10 holdings account for about 18.88% of total assets under management.

Performance and Risk

The ETF has gained about 11.74% and was up about 13.37% so far this year and in the past one year (as of 08/28/2025), respectively. RSPT has traded between $29.52 and $42.09 during this last 52-week period.

RSPT has a beta of 1.22 and standard deviation of 23.23% for the trailing three-year period. With about 70 holdings, it effectively diversifies company-specific risk .

Alternatives

Invesco S&P 500 Equal Weight Technology ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well.

Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $84.48 billion in assets, Vanguard Information Technology ETF has $100.19 billion. XLK has an expense ratio of 0.08% and VGT changes 0.09%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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