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ETFs

Invesco S&P 500 Equal Weight Industrials ETF

RSPN
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Today’s Change
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Snapshot
*

Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$5,076,169
AUM
$364,723,278
Associated Index
S&P 500 Equal Weight Industrials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CPRT
Copart, Inc.
1.69%
VRSK
Verisk Analytics Inc
1.62%
CSGP
Costar Group, Inc.
1.60%
ROL
Rollins, Inc.
1.55%
GE
General Electric Co.
1.49%
PWR
Quanta Services, Inc.
1.49%
RSG
Republic Services, Inc.
1.48%
CTAS
Cintas Corporation
1.48%
BR
Broadridge Financial Solutions, Inc.
1.46%
PAYC
Paycom Software Inc
1.46%
Invest with RSPN

What is RSPN?

The Invesco S&P 500 Equal Weight Industrials ETF (Fund) is based on the S&P 500 Equal Weight Industrials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the industrials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

ETFs related toRSPN

ETFs correlated to RSPN include VIS, FIDU, XLI

RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRSPN

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RSPN using Composer

FAQ

RGI is a US Equities ETF. The Invesco S&P 500 Equal Weight Industrials ETF (Fund) is based on the S&P 500 Equal Weight Industrials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the industrials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

RGI tracks the S&P 500 Equal Weight Industrials Index.

No, RGI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RGI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RGI is 0.0184%. This is the percent change in the value of RGI over the most recent 1-month period. The 3-month return on RGI is -0.0056%. This is the percent change in the value of RGI over the most recent 3-month period.

The standard deviation of RGI for the past year is 0.2199%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RGI include XLV, XLY, and XLU.

ETFs correlated to RGI include VIS, FIDU, and XLI.

ETFs that are inversely correlated to RGI include SBB, TWM, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.