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ETFs

Invesco S&P 500 Equal Weight Health Care ETF

RSPH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,365,856
AUM
$986,594,554
Associated Index
S&P 500 Equal Weight Health Care Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ISRG
Intuitive Surgical Inc
2.08%
LLY
Lilly(Eli) & Co
2.08%
DVA
DaVita Inc
1.96%
CAH
Cardinal Health, Inc.
1.76%
BIIB
Biogen Inc
1.74%
MCK
Mckesson Corporation
1.73%
ABC
Amerisource Bergen Corp.
1.72%
VRTX
Vertex Pharmaceuticals, Inc.
1.72%
STE
Steris Plc
1.71%
DXCM
Dexcom Inc
1.71%
Invest with RSPH

What is RSPH?

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

ETFs related toRSPH

ETFs correlated to RSPH include FXH, VHT, FHLC

RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
XLV
SSgA Active Trust - Health Care Select Sector SPDR
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
DEF
Invesco Capital Management LLC - Invesco Defensive Equity 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 toRSPH

#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 RSPH using Composer

FAQ

RYH is a US Equities ETF. The Invesco S&P 500 Equal Weight Health Care ETF (Fund) is based on the S&P 500 Equal Weight Health Care 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 health care sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

RYH tracks the S&P 500 Equal Weight Health Care Index.

No, RYH 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, RYH 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 RYH is -0.0314%. This is the percent change in the value of RYH over the most recent 1-month period. The 3-month return on RYH is 0.0074%. This is the percent change in the value of RYH over the most recent 3-month period.

The standard deviation of RYH for the past year is 0.1897%. 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 RYH include XLY, XLU, and XLK.

ETFs correlated to RYH include FXH, VHT, and FHLC.

ETFs that are inversely correlated to RYH include SPXS, SPDN, and SDS.

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.