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ETFs

Invesco S&P 500 Equal Weight Technology ETF

RSPT
$--
Today’s Change
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Snapshot
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Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$45,244,260
AUM
$2,910,514,261
Associated Index
S&P 500 Equal Weight Information Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NVDA
NVIDIA Corp
2.42%
AMD
Advanced Micro Devices Inc.
2.02%
MSFT
Microsoft Corporation
1.92%
NOW
ServiceNow Inc
1.90%
ADBE
Adobe Inc
1.87%
AVGO
Broadcom Inc
1.85%
AKAM
Akamai Technologies Inc
1.85%
TYL
Tyler Technologies, Inc.
1.82%
ORCL
Oracle Corp.
1.80%
SNPS
Synopsys, Inc.
1.80%
Invest with RSPT

What is RSPT?

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

ETFs related toRSPT

ETFs correlated to RSPT include FXL, TDV, FIVG

RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
TDV
ProShares Trust - ProShares S&P Technology Dividend Aristocrats ETF
FIVG
ETF Series Solutions Trust - Defiance Next Gen Connectivity ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index 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 toRSPT

#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 RSPT using Composer

FAQ

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

RYT tracks the S&P 500 Equal Weight Information Technology Index.

No, RYT 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, RYT 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 RYT is 0.0885%. This is the percent change in the value of RYT over the most recent 1-month period. The 3-month return on RYT is 0.0707%. This is the percent change in the value of RYT over the most recent 3-month period.

The standard deviation of RYT for the past year is 0.2743%. 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 RYT include XLV, XLU, and XLK.

ETFs correlated to RYT include FXL, TDV, and FIVG.

ETFs that are inversely correlated to RYT include HIBS, TECS, and QID.

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.