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Invesco ESG S&P 500 R Equal Weight ETF

RSPE tracks an equal-weighted index of S&P 500 companies that exhibit environmental, social, and governance (ESG) characteristics.

Invesco S&P 500 Equal Weight ETF

The S&P 500 Equal Weight Index outperformed the S&P 500 by 4% during the third quarter. The S&P 500 Equal Weight's outperformance during the third quarter represented a reversal from its underperformance during the first half of the year.

Equal-Weight RSP Beats S&P 500 in Q3

Equal weight slightly outperformed the benchmark in July as market breadth remained stronger than in the first half. The market continued to climb in July as investors focused on second-quarter earnings reports, further propelled by better-than-expected macroeconomic updates.

Equal Weight RSP Slightly Outpaced Benchmark in July

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Bank of America recently raised its 2023 price target for the S&P 500 to 4,300 and to 4,600 in a bullish case scenario.

Is a Further 10% Rally in S&P 500 ETFs Possible?

In the current environment where cap-weighted indexes are dominated by just a few names, equal weighting can mitigate concentration risk. Advisors can use the Invesco S&P 500® Equal Weight ETF (RSP) as the core equity holding in client portfolios to remove size bias.

Equal Weighting Mitigates Concentration Risk

Recent polling data suggests that advisors prefer to maintain a diversified portfolio rather than utilize sector rotation strategies. Most advisors do not rotate between sectors that they believe will outperform the broader market.

How Equal Weighting at the Stock Level Impacts Sector Exposures

The S&P 500 Equal Weight Index lagged its cap-weighted parent S&P 500 in April, marking the third consecutive month of underperformance after a long period of outperformance. The market's recovery continued in April as investors focused on first-quarter earnings reports, further propelled by expectations of just one more interest rate hike from the Fed.

Equal Weight Lags Parent S&P 500 in April

Many advisors use the Invesco S&P 500® Equal Weight ETF (RSP) as the core equity holding in client portfolios as it removes size bias, effectively mitigating concentration risk. RSP is based on the S&P 500 Equal Weight Index, which is designed to be a size-neutral version of the S&P 500.

Overcome S&P 500 Concentration Risk with RSP

The S&P 500 Equal Weight Index lagged its cap-weighted parent S&P 500 in March for the second consecutive month but maintains its trailing 12-month lead. March was characterized by high volatility and concerns for the global economy.

Equal-Weight RSP Lags S&P 500 in March, Maintains TTM Lead

U.S. large-cap equal weight ETFs introduce sector tilts to a portfolio. The Invesco S&P 500 Equal Weight ETF (RSP) is the oldest single-factor ETF available to investors, accreting $32.6 billion in assets under management since its 2003 inception.

Equal Weight ETFs Introduce Sector Tilts

Investors may wonder about the overlap between two funds with the same methodology, where one of the funds incorporates ESG screening. As investors consider allocating to equal-weight strategies, the Invesco ESG S&P 500 Equal Weight ETF (RSPE) is a lesser-known relative of the Invesco S&P 500 Equal Weight ETF (RSP).

How Does RSPE Compare to RSP?

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Following the close of U.S. markets Thursday, March 17, index giants S&P and MSCI commence the latest alterations to the global industry classification standard (GICS), meaning a slew of companies are moving from one sector to another and, in some cases, getting new industry classifications in the process.

GICS Changes Could Highlight Equal Weight Opportunity

Stocks fell sharply on Friday, closing out a tough week for markets. The S&P 500 shed nearly 5% this week while the Invesco S&P 500® Equal Weight ETF (RSP), which tracks the S&P 500 Equal Weight Index, dropped over 6% during the same period.

Now Is the Time to Add to Positions in RSP

Despite lagging its cap-weighted parent S&P 500 in February, equal weight's trailing 12-month relative outperformance is 5%. Both equal weight and the S&P 500 slipped in February, declining 3.3% and 2.4%, respectively, but equal weight maintains its lead over a one-year period, supported by strong 2022 and January performance.

Equal Weight's TTM Relative Outperformance to S&P 500 at 5%

Equal weight lagged its cap-weighted parent S&P 500 in February for the first time since September. Both the S&P 500 Equal Weight Index and the S&P 500 slipped in February, declining 3.3% and 2.4%, respectively, but equal weight maintains a modest lead year-to-date, buoyed by strong January performance.

Equal Weight Lagged S&P 500 in February, Maintains YTD Lead

The Invesco S&P 500® Equal Weight ETF (RSP) is maintaining its role as a favored core equity holding in 2022, hauling in nearing $2 billion in net flows year to date. RSP has seen $1.8 billion in net flows year to date and $571 million month to date as of January 21, according to ETF Database.

Equal Weight ETF RSP Approaches $2 Billion in Flows YTD

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The world of construction is experiencing its own renaissance of sorts — along with increased technology to make current operations more efficient, there's also an environmental, social, and governance (ESG) component added into the mix. This opens up opportunities for a pair of exchange traded funds (ETFs) to consider.

2 ETFs to Take Advantage of Sustainability Trends in Construction

Equal weight started the year on a high note, outperforming its cap-weight parent S&P 500 for another consecutive month. The S&P 500 Equal Weight Index gained 7.4% in January, outperforming the S&P 500, which gained 6.3% during the month.

Equal Weight Beats Parent S&P 500 in January

An easy forecast to make for 2023 and one that doesn't involve predicting market performance involves ongoing evolution for environmental, social, and governance (ESG) strategies.

Equal-Weight Could Be Ideal ESG Avenue

Equal weight outperformance has continued into the final week of January, as the index maintains its lead over the parent S&P 500 year to date.

Equal Weight Outperformance Continues into Final Week of January

After outperforming in 2022, equal weight is off to a strong start this year. The Invesco S&P 500 Equal Weight ETF (RSP) handily outperformed the S&P 500 last year, with that momentum continuing into the first weeks of 2023.

Equal Weight RSP Leads S&P 500 in First Weeks of 2023

As investors allocate to equal-weight strategies, the Invesco ESG S&P 500 Equal Weight ETF (RSPE) is lesser-known, has a compelling strategy, and incorporates ESG criteria. There are many reasons why investors favor equal weighting over market cap-weighted strategies, including enhanced diversification and historical outperformance.

How Does Equal Weight RSPE Stack Up to RSP?

The S&P 500 Equal Weight Index outperformed its cap-weighted parent in the last month of 2022. The S&P 500 EWI declined -4.7% in December, outperforming the S&P 500 on a relative basis, which declined -5.8% during the month.

Under the Hood of Equal Weight's December Outperformance

Equal weight outperformed the cap-weighted S&P 500 by 650 basis points in 2022. The Invesco S&P 500 Equal Weight ETF (RSP) tracks the S&P 500 Equal Weight Index, which includes all constituents in the S&P 500 but gives them equal weights at each quarterly rebalance.

Equal-Weight RSP Outperforms S&P 500 by 650 Basis Points in 2022

After equal weight's significant outperformance this year, many advisors are looking to the Invesco S&P 500 Equal Weight ETF (RSP) as the core equity holding in client portfolios.  RSP is a compelling offering for investors looking to enhance a portfolio's broad exposure to the U.S. market.

RSP's Use Case as a Core Equity Holding

The S&P 500 Equal Weight Index outperformed again in November, as the gap between equal weight and the S&P 500 last month was in the top quintile of historical experience, according to S&P Dow Jones Indices. The S&P 500 EWI increased 6.7% in November, outperforming the S&P 500, which gained 5.6% during the month.

News for Invesco ESG S&P 500 R Equal Weight ETF ETF (RSPE)