Back to top

Image: Bigstock

Is Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) a Strong ETF Right Now?

Read MoreHide Full Article

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS - Free Report) was launched on 11/01/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Consumer Staples 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.

Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.

However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

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

Because the fund has amassed over $239.22 million, this makes it one of the average sized ETFs in the Consumer Staples ETFs. RSPS is managed by Invesco. RSPS seeks to match the performance of the S&P 500 EQL WEIGHT CONSUMER STAPLES INDX before fees and expenses.

The S&P 500 Equal Weight Consumer Staples Index equally weights stocks in the consumer staples sector of the S&P 500 Index.

Cost & Other Expenses

For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.

Operating expenses on an annual basis are 0.40% for this ETF, which makes it on par with most peer products in the space.

It's 12-month trailing dividend yield comes in at 0.78%.

Sector Exposure and Top Holdings

Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

RSPS's heaviest allocation is in the Consumer Staples sector, which is about 100% of the portfolio.

Taking into account individual holdings, Archer-daniels-midland Co (ADM) accounts for about 3.46% of the fund's total assets, followed by Estee Lauder Cos Inc/the (EL) and J M Smucker Co/the (SJM).

The top 10 holdings account for about 30.72% of total assets under management.

Performance and Risk

Year-to-date, the Invesco S&P 500 Equal Weight Consumer Staples ETF has lost about -2.69% so far, and is down about -6.29% over the last 12 months (as of 10/08/2025). RSPS has traded between $28.68 $32.22 in this past 52-week period.

The ETF has a beta of 0.49 and standard deviation of 12.60% for the trailing three-year period. With about 38 holdings, it has more concentrated exposure than peers .

Alternatives

Invesco S&P 500 Equal Weight Consumer Staples ETF is a reasonable option for investors seeking to outperform the Consumer Staples ETFs segment of the market. However, there are other ETFs in the space which investors could consider.

Vanguard Consumer Staples ETF (VDC) tracks MSCI US Investable Market Consumer Staples 25/50 Index and the Consumer Staples Select Sector SPDR ETF (XLP) tracks Consumer Staples Select Sector Index. Vanguard Consumer Staples ETF has $7.21 billion in assets, Consumer Staples Select Sector SPDR ETF has $15.83 billion. VDC has an expense ratio of 0.09% and XLP changes 0.08%.

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

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) - free report >>

Published in