The Invesco S&P 500 Equal Weight ETF offers unique investment opportunities for those looking to diversify their portfolios effectively
Atlanta: The Invesco S&P 500 Equal Weight ETF, or RSP, launched on April 24, 2003. It gives investors a broad look at the large-cap blend market.
Smart beta ETFs like RSP are different from traditional funds. They don’t just follow market cap; instead, they focus on picking stocks that might perform better.
RSP aims to match the S&P 500 Equal Weight Index, which treats all stocks equally, rather than weighting them by size. This can lead to different performance outcomes.
With over $73 billion in assets, RSP is one of the biggest ETFs in its category. Its annual fees are 0.20%, which is pretty standard for this type of fund.
RSP has a dividend yield of 0.73%. It’s heavily invested in the Industrials sector, with Financials and Information Technology also making up a big part of the portfolio.
This year, RSP has gained about 1.45%, and over the past year, it’s up around 14.75%. It’s traded between $153.84 and $187.62 in the last 52 weeks.
If you’re looking for alternatives, there are other ETFs like the iShares Core S&P 500 ETF and the SPDR S&P 500 ETF, which track the same index but have lower fees.
Overall, RSP is a solid choice for those wanting to diversify and potentially outperform the market. Just make sure it fits your investment goals.
