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

While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

Investor-friendly, sector ETFs provide many options 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 9, placing it in bottom 50%.

Index Details

The fund is sponsored by Invesco. It has amassed assets over $266.37 million, making it one of the larger 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 0.64%.

Sector Exposure and Top Holdings

ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many 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, Ralph Lauren Corp (RL) accounts for about 2.32% of total assets, followed by Carvana Co (CVNA) and Carnival Corp (CCL).

The top 10 holdings account for about 22.4% of total assets under management.

Performance and Risk

The ETF has lost about 2.78% and it's up approximately 7.98% so far this year and in the past one year (as of 06/01/2026), respectively. RSPD has traded between $51.09 and $60.02 during this last 52-week period.

The ETF has a beta of 1.11 and standard deviation of 18.83% for the trailing three-year period. With about 50 holdings, it has more concentrated exposure than peers.

Alternatives

Invesco S&P 500 Equal Weight Consumer Discretionary ETF sports a Zacks ETF Rank of 4 (Sell), which is based on expected asset class return, expense ratio, and momentum, among other factors. RSPD, then, is not the best option for investors seeking exposure to the Consumer Discretionary ETFs segment of the market. However, there are better ETFs in the space to consider.

Vanguard Consumer Discretionary Index Fund ETF Shares (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 Index Fund ETF Shares has $6.26 billion in assets, State Street Consumer Discretionary Select Sector SPDR ETF has $23.21 billion. VCR has an expense ratio of 0.09%, and XLY charges 0.08%.

Bottom Line

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