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ETFs

Invesco S&P 500 Equal Weight ETF

RSP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 24 2003
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$624,848,473
AUM
$32,735,806,299
Associated Index
S&P 500 Equal Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGPXX
Invesco Government & Agency Portfolio
0.37%
AMD
Advanced Micro Devices Inc.
0.25%
NVDA
NVIDIA Corp
0.24%
ANET
Arista Networks Inc
0.23%
META
Meta Platforms Inc - Ordinary Shares - Class A
0.23%
NEM
Newmont Corp
0.23%
ADBE
Adobe Inc
0.23%
MTCH
Match Group Inc. - Ordinary Shares - New
0.23%
ILMN
Illumina Inc
0.23%
MSFT
Microsoft Corporation
0.23%
Invest with RSP

What is RSP?

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

ETFs related toRSP

ETFs correlated to RSP include GSEW, IWS, EUSA

RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund

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 toRSP

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RSP using Composer

FAQ

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

RSP tracks the S&P 500 Equal Weighted Index.

No, RSP 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, RSP 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 RSP is -0.0601%. This is the percent change in the value of RSP over the most recent 1-month period. The 3-month return on RSP is -0.0191%. This is the percent change in the value of RSP over the most recent 3-month period.

The standard deviation of RSP for the past year is 0.2249%. 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 RSP include EVEN, IWM, and MDY.

ETFs correlated to RSP include GSEW, IWS, and EUSA.

ETFs that are inversely correlated to RSP include SDS, SPXU, and SPXS.

Disclaimers

*

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.