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Invesco S&P 500 Equal Weight ETF (RSP)

Rating:71Outperform

Price Target:

$209.00

The Invesco S&P 500 Equal Weight ETF (RSP) has a solid overall rating, reflecting a balanced mix of strong performers and some weaker holdings. Lam Research (LRCX) stands out as a key driver of the fund’s rating, with its robust financial performance, effective cost management, and technological advancements in the semiconductor industry. However, holdings like Albemarle (ALB) and Intel (INTC) have faced financial and profitability challenges, which may have slightly weighed on the ETF’s overall score. A notable risk is the fund's exposure to high valuation concerns across several holdings, which could lead to volatility in certain market conditions.

Positive Factors

Strong Top Holdings

Several key holdings, such as Micron, AMD, and Western Digital, have delivered strong year-to-date performance, supporting the ETF's overall returns.

Sector Diversification

The ETF is spread across 11 sectors, including Technology, Industrials, and Financials, reducing reliance on any single industry.

Low Expense Ratio

With a competitive expense ratio of 0.2%, the fund offers cost-efficient exposure compared to many actively managed alternatives.

Negative Factors

High U.S. Concentration

The ETF has nearly all its assets invested in U.S. companies, limiting exposure to international markets and diversification.

Mixed Performance Among Holdings

While some holdings have performed well, others like Albemarle and Tesla have shown weaker year-to-date returns, which could drag on overall performance.

Equal Weighting Risks

The equal-weight strategy may underperform during periods when larger-cap stocks dominate market gains, as no single stock is given higher priority.

RSP vs. SPDR S&P 500 ETF (SPY)

AUM73.64B

RegionNorth America

Expense Ratio0.20%

Beta0.82

IssuerInvesco

Inception DateApr 24, 2003

Dividend Yield1.6%

Asset ClassEquity

Index TrackedS&P 500 Equal Weighted

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume14,249,465

30 Day Avg. Volume13,761,500

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

215.19

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering506

RSP Summary

The Invesco S&P 500 Equal Weight ETF (RSP) is an investment fund that gives equal importance to all 500 companies in the S&P 500 index, rather than favoring larger companies. This approach provides balanced exposure to a wide range of large U.S. companies across sectors like technology, healthcare, and finance. Well-known companies like Intel and Tesla are included in the fund. Investors might consider RSP for diversification and a more balanced way to invest in the U.S. stock market. However, since it tracks the overall market, its value can rise or fall depending on how the economy performs.

How much will it cost me?The Invesco S&P 500 Equal Weight ETF (RSP) has an expense ratio of 0.20%, meaning you’ll pay $2 per year for every $1,000 invested. This is slightly higher than average for ETFs because it uses an equal-weight strategy, which requires more active management compared to traditional market-cap-weighted funds.

What would affect this ETF?The Invesco S&P 500 Equal Weight ETF (RSP) could benefit from a strong U.S. economy and growth in sectors like technology and industrials, which have significant weights in the fund. However, it may face challenges if interest rates rise, as this could pressure financial and consumer cyclical sectors, or if regulatory changes impact top holdings like Tesla and Intel. Its equal-weight strategy provides diversification but may underperform during periods when mega-cap stocks dominate market gains.

RSP Top 10 Holdings

The Invesco S&P 500 Equal Weight ETF (RSP) offers a balanced approach to U.S. large-cap stocks, but recent performance has been a mixed bag. Semiconductor names like Micron and AMD are rising stars, buoyed by strong financial results and growth prospects, while Intel’s momentum is steady despite ongoing profitability challenges. Tesla, a perennial favorite, is showing signs of slowing down, with valuation concerns casting a shadow over its otherwise optimistic outlook. The fund’s equal-weight strategy ensures no single sector dominates, though technology and industrials are prominent players driving its trajectory.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
WBD	Warner Bros	0.34%	$248.92M	$53.53B	165.93%	69 Neutral
INTC	Intel	0.32%	$234.06M	$187.56B	86.62%	61 Neutral
MU	Micron	0.32%	$230.99M	$251.44B	124.80%	78 Outperform
AMD	Advanced Micro Devices	0.32%	$230.35M	$413.57B	76.89%	77 Outperform
TER	Teradyne	0.30%	$216.79M	$28.14B	66.54%	76 Outperform
LRCX	Lam Research	0.30%	$216.54M	$202.23B	116.56%	77 Outperform
WDC	Western Digital	0.29%	$209.61M	$47.35B	111.50%	78 Outperform
AMAT	Applied Materials	0.28%	$205.45M	$185.26B	28.07%	77 Outperform
STX	Seagate Tech	0.28%	$200.47M	$57.15B	167.34%	67 Neutral
CAT	Caterpillar	0.27%	$199.08M	$273.19B	55.01%	74 Outperform

RSP Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

188.59

Negative

100DMA

185.49

Positive

200DMA

179.14

Positive

Market Momentum

MACD

0.17

Positive

RSI

46.11

Neutral

STOCH

16.25

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RSP, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 189.26, equal to the 50-day MA of 188.59, and equal to the 200-day MA of 179.14, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 16.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RSP.

RSP Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
RSP	―	―	$73.64B	0.20%	71 Outperform
VOO	―	―	$804.91B	0.03%	75 Outperform
IVV	―	―	$724.35B	0.03%	75 Outperform
SPY	―	―	$696.27B	0.09%	75 Outperform
QQQ	―	―	$412.00B	0.20%	76 Outperform
SPLG	―	―	$96.16B	0.02%	75 Outperform

Performance Comparison

RSP

Invesco S&P 500 Equal Weight ETF

187.93

14.45

8.33%

VOO

Vanguard S&P 500 ETF

―

IVV

iShares Core S&P 500 ETF

―

SPY

SPDR S&P 500 ETF Trust

―

QQQ

Invesco QQQ Trust

―

SPLG

SPDR Portfolio S&P 500 ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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