Explore the potential benefits and risks of investing in the Invesco RSPD ETF for your portfolio
New York: The Invesco S&P 500 Equal Weight Consumer Discretionary ETF, or RSPD, launched back in 2006. It’s designed to give investors a broad look at the consumer discretionary sector.
More and more investors are leaning towards these passively managed ETFs. They’re popular because they’re cost-effective, transparent, and flexible. Plus, they work well for long-term investing.
This ETF focuses on the Consumer Discretionary sector, which is one of the 16 sectors tracked by Zacks. Right now, it’s ranked 4, putting it in the top 25% of its category.
Invesco sponsors this fund, which has over $313 million in assets. That makes it one of the bigger players in the consumer discretionary ETF space. RSPD aims to match the performance of the S&P 500 Equal Weight Consumer Discretionary Index.
When looking at costs, the ETF has an expense ratio of 0.40%. That’s pretty standard for similar funds. It also offers a 12-month trailing dividend yield of 0.85%.
While ETFs are great for diversifying your investments, it’s still smart to check out what’s inside. RSPD is fully invested in the Consumer Discretionary sector, with Tapestry Inc being its largest holding at about 2.33% of total assets.
So far this year, the ETF has dipped about 1.46%, but it was up around 15.31% over the last year. It’s traded between $45.16 and $56.13 in the past 52 weeks.
RSPD has a beta of 1.38, which means it’s a bit more volatile than the market. But with 51 holdings, it does a good job of spreading out risk.
If you’re considering RSPD, it’s rated a 3 (Hold) by Zacks. That means it’s a decent option for those looking to invest in consumer discretionary ETFs. You might also want to check out alternatives like the Vanguard Consumer Discretionary ETF or the Consumer Discretionary Select Sector SPDR ETF.
To wrap it up, if you want to dive deeper into ETFs, check out Zacks ETF Center for more info and updates.
