The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD Quick QuoteRSPD - Free Report) was launched on November 1, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.

Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.

Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Discretionary - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%.

Index Details

The fund is sponsored by Invesco. It has amassed assets over $228.88 million, making it one of the average sized ETFs attempting to match the performance of the Consumer Discretionary - Broad segment of the equity market. RSPD seeks to match the performance of the S&P 500 EQL WEIGHT CONS DISCRETIONARY ID before fees and expenses.

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

Costs

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Annual operating expenses for this ETF are 0.4%, making it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 0.71%.

Sector Exposure and Top Holdings

It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Consumer Discretionary sector -- about 100% of the portfolio.

Looking at individual holdings, Norwegian Cruise Line Holdings Ltd (NCLH) accounts for about 2.53% of total assets, followed by Carnival Corp (CCL) and Royal Caribbean Cruises Ltd (RCL).

The top 10 holdings account for about 23.09% of total assets under management.

Performance and Risk

The ETF has gained about 1.98% and is up about 6.63% so far this year and in the past one year (as of 01/29/2026), respectively. RSPD has traded between $44.09 and $59.977 during this last 52-week period.

The ETF has a beta of 1.18 and standard deviation of 18.66% for the trailing three-year period. With about 51 holdings, it effectively diversifies company-specific risk.

Alternatives

Invesco S&P 500 Equal Weight Consumer Discretionary ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RSPD is a sufficient option for those seeking exposure to the Consumer Discretionary ETFs area of the market. Investors might also want to consider some other ETF options in the space.

Vanguard Consumer Discretionary ETF (VCR) tracks MSCI US Investable Market Consumer Discretionary 25/50 Index and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) tracks Consumer Discretionary Select Sector Index. Vanguard Consumer Discretionary ETF has $6.47 billion in assets, State Street Consumer Discretionary Select Sector SPDR ETF has $23.95 billion. VCR has an expense ratio of 0.09%, and XLY charges 0.08%.

Bottom Line

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