Skip to Content
ETFs

Invesco S&P 500 Equal Weight Materials ETF

RSPM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,351,069
AUM
$316,204,182
Associated Index
S&P 500 Equal Weight Materials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MLM
Martin Marietta Materials, Inc.
4.33%
VMC
Vulcan Materials Co
4.22%
SHW
Sherwin-Williams Co.
3.96%
ECL
Ecolab, Inc.
3.88%
PPG
PPG Industries, Inc.
3.87%
LIN
Linde Plc.
3.76%
CE
Celanese Corp - Ordinary Shares - Series A
3.69%
BALL
Ball Corp.
3.64%
EMN
Eastman Chemical Co
3.60%
DD
DuPont de Nemours Inc
3.60%
Invest with RSPM

What is RSPM?

The Invesco S&P 500 Equal Weight Materials ETF (Fund) is based on the S&P 500 Equal Weight Materials 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 materials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

ETFs related toRSPM

ETFs correlated to RSPM include VAW, FMAT, XLB

RSPM
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Materials ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development 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 toRSPM

#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 RSPM using Composer

FAQ

RTM is a US Equities ETF. The Invesco S&P 500 Equal Weight Materials ETF (Fund) is based on the S&P 500 Equal Weight Materials 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 materials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

RTM tracks the S&P 500 Equal Weight Materials Index.

No, RTM 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, RTM 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 RTM is -0.008%. This is the percent change in the value of RTM over the most recent 1-month period. The 3-month return on RTM is -0.053%. This is the percent change in the value of RTM over the most recent 3-month period.

The standard deviation of RTM for the past year is 0.2452%. 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 RTM include XLV, XLU, and XLK.

ETFs correlated to RTM include VAW, FMAT, and XLB.

ETFs that are inversely correlated to RTM include SBB, SEF, and TWM.

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.