Skip to Content
ETFs

Invesco S&P 500 Equal Weight Energy ETF

RSPG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$5,277,137
AUM
$483,506,334
Associated Index
S&P 500 Equal Weight Energy Plus Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EQT
EQT Corp
5.33%
WMB
Williams Cos Inc
4.69%
BKR
Baker Hughes Co - Ordinary Shares - Class A
4.59%
PXD
Pioneer Natural Resources Co.
4.59%
HES
Hess Corporation
4.57%
KMI
Kinder Morgan Inc - Ordinary Shares - Class P
4.49%
EOG
EOG Resources, Inc.
4.47%
OXY
Occidental Petroleum Corp.
4.46%
COP
Conoco Phillips
4.40%
XOM
Exxon Mobil Corp.
4.39%
Invest with RSPG

What is RSPG?

The Invesco S&P 500 Equal Weight Energy ETF (Fund) is based on the S&P 500 Equal Weight Energy Plus 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 energy sector of the S&P 500 Index. The energy sector includes companies engaged in the exploration and production, refining and marketing, and storage and transportation of oil and gas and coal and consumable fuels, as well as companies that offer oil and gas equipment and services. The Fund and the Index are rebalanced quarterly.

ETFs related toRSPG

ETFs correlated to RSPG include VDE, FENY, OILU

RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy
DRLL
EA Series Trust - Strive U.S. Energy ETF
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas 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 toRSPG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with RSPG using Composer

FAQ

RYE is a US Equities ETF. The Invesco S&P 500 Equal Weight Energy ETF (Fund) is based on the S&P 500 Equal Weight Energy Plus 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 energy sector of the S&P 500 Index. The energy sector includes companies engaged in the exploration and production, refining and marketing, and storage and transportation of oil and gas and coal and consumable fuels, as well as companies that offer oil and gas equipment and services. The Fund and the Index are rebalanced quarterly.

RYE tracks the S&P 500 Equal Weight Energy Plus Index.

No, RYE 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, RYE 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 RYE is 0.007%. This is the percent change in the value of RYE over the most recent 1-month period. The 3-month return on RYE is -0.0614%. This is the percent change in the value of RYE over the most recent 3-month period.

The standard deviation of RYE for the past year is 0.3527%. 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 RYE include XLV, XLY, and XLU.

ETFs correlated to RYE include VDE, FENY, and OILU.

ETFs that are inversely correlated to RYE include OILD, DUG, and ERY.

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.