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Is Invesco S&P 500 Equal Weight ETF (RSP) a Strong ETF Right Now?
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Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Equal Weight ETF (RSP - Free Report) is a smart beta exchange traded fund launched on 04/24/2003.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
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.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $95.93 billion, this makes it one of the largest ETFs in the Style Box - Large Cap Blend. RSP is managed by Invesco. This particular fund, before fees and expenses, seeks to match the performance of the S&P 500 Equal Weight Index.
The S&P 500 Equal Weight Index equally weights the stocks in the S&P 500 Index.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Annual operating expenses for RSP are 0.20%, which makes it on par with most peer products in the space.
It's 12-month trailing dividend yield comes in at 1.51%.
Sector Exposure and Top Holdings
ETFs offer 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.
For RSP, it has heaviest allocation in the Information Technology sector --about 16.2% of the portfolio --while Industrials and Financials round out the top three.
Taking into account individual holdings, Moderna Inc (MRNA) accounts for about 0.6% of the fund's total assets, followed by Veeva Systems Inc (VEEV) and Zebra Technologies Corp (ZBRA).
The top 10 holdings account for about 3.2% of total assets under management.
Performance and Risk
So far this year, RSP has gained about 11.2%, and it's up approximately 12.31% in the last one year (as of 10/08/2026). During this past 52-week period, the fund has traded between $182.18 and $222.77.
The fund has a beta of 0.92 and standard deviation of 13.64% for the trailing three-year period. With about 510 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 500 Equal Weight ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
iShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the Vanguard 500 Index Fund ETF Shares (VOO) tracks S&P 500 Index. iShares Core S&P 500 ETF has $899.86 billion in assets, Vanguard 500 Index Fund ETF Shares has $1052.35 billion. IVV has an expense ratio of 0.03% and VOO changes 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend
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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Is Invesco S&P 500 Equal Weight ETF (RSP) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Equal Weight ETF (RSP - Free Report) is a smart beta exchange traded fund launched on 04/24/2003.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
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.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $95.93 billion, this makes it one of the largest ETFs in the Style Box - Large Cap Blend. RSP is managed by Invesco. This particular fund, before fees and expenses, seeks to match the performance of the S&P 500 Equal Weight Index.
The S&P 500 Equal Weight Index equally weights the stocks in the S&P 500 Index.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Annual operating expenses for RSP are 0.20%, which makes it on par with most peer products in the space.
It's 12-month trailing dividend yield comes in at 1.51%.
Sector Exposure and Top Holdings
ETFs offer 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.
For RSP, it has heaviest allocation in the Information Technology sector --about 16.2% of the portfolio --while Industrials and Financials round out the top three.
Taking into account individual holdings, Moderna Inc (MRNA) accounts for about 0.6% of the fund's total assets, followed by Veeva Systems Inc (VEEV) and Zebra Technologies Corp (ZBRA).
The top 10 holdings account for about 3.2% of total assets under management.
Performance and Risk
So far this year, RSP has gained about 11.2%, and it's up approximately 12.31% in the last one year (as of 10/08/2026). During this past 52-week period, the fund has traded between $182.18 and $222.77.
The fund has a beta of 0.92 and standard deviation of 13.64% for the trailing three-year period. With about 510 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 500 Equal Weight ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
iShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the Vanguard 500 Index Fund ETF Shares (VOO) tracks S&P 500 Index. iShares Core S&P 500 ETF has $899.86 billion in assets, Vanguard 500 Index Fund ETF Shares has $1052.35 billion. IVV has an expense ratio of 0.03% and VOO changes 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend
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.