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RSPC - AI Analysis
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Invesco S&P 500 Equal Weight Communication Services ETF (RSPC)
Rating:70Neutral
Price Target:
$43.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Warner Bros and Paramount Skydance, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Equal Weight Strategy
The ETF’s equal weight approach ensures no single stock dominates the portfolio, promoting balanced exposure across holdings.
Healthy Year-to-Date Performance
The fund has shown positive year-to-date returns, indicating solid performance in 2023.
Negative Factors
Sector Concentration Risk
The ETF is heavily concentrated in the Communication Services sector, making it vulnerable to downturns in this industry.
Geographic Overexposure
With nearly all assets invested in U.S. companies, the fund lacks diversification across global markets.
Mixed Holding Performance
Some top holdings, like Trade Desk and Omnicom Group, have underperformed year-to-date, potentially dragging on overall returns.
RSPC vs. SPDR S&P 500 ETF (SPY)
AUM74.47M
RegionNorth America
Expense Ratio0.40%
Beta0.72
IssuerInvesco
Inception DateNov 07, 2018
Dividend Yield1.6%
Asset ClassEquity
Index TrackedS&P 500 Equal Weight Communication Services Plus Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume6,101
30 Day Avg. Volume10,009
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
45.94Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
RSPC Summary
The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) focuses on companies in the communication services sector, including telecommunications, media, entertainment, and interactive media services. Unlike traditional ETFs, it uses an equal-weight strategy, giving each company the same importance in the portfolio. Some well-known holdings include Netflix and Meta Platforms. This ETF could be appealing for investors looking to benefit from the growth of digital connectivity and media consumption trends while maintaining balanced exposure across the sector. However, new investors should be aware that its performance is heavily tied to the communication services sector, which can be sensitive to changes in technology and consumer behavior.
How much will it cost me?The expense ratio for the Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 0.40%, which means you’ll pay $4 per year for every $1,000 invested. This is slightly higher than average because the ETF uses an equal-weight strategy, which requires more active management compared to passively managed funds. It’s designed to provide balanced exposure to the communication services sector.
What would affect this ETF?The RSPC ETF, focused on the U.S. communication services sector, could benefit from increasing demand for digital connectivity, streaming services, and interactive media, driven by technological advancements and changing consumer habits. However, it may face challenges from rising interest rates, which can pressure growth-focused companies, and potential regulatory scrutiny on major players like Meta and Netflix. The equal-weight strategy helps reduce concentration risk but may limit gains if larger companies outperform.
RSPC Top 10 Holdings
The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is a dynamic mix of media, entertainment, and tech-driven names, with Warner Bros and Paramount leading the charge thanks to streaming growth and subscriber momentum. Electronic Arts and Netflix are steady contributors, benefiting from strong financials and strategic initiatives. However, Trade Desk has been lagging, weighed down by valuation concerns despite its revenue growth. The fund’s equal-weight strategy ensures no single stock dominates, but its heavy focus on U.S.-based communication services keeps it tied closely to the sector’s ups and downs.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Warner Bros | 7.69% | $5.57M | $52.83B | 174.65% | 69 Neutral | |
| Electronic Arts | 5.31% | $3.85M | $50.09B | 34.24% | 68 Neutral | |
| Trade Desk | 4.89% | $3.55M | $24.43B | -59.04% | 72 Outperform | |
| Paramount Skydance | 4.75% | $3.44M | $16.91B | 48.97% | 61 Neutral | |
| Take-Two | 4.66% | $3.38M | $46.44B | 54.54% | 60 Neutral | |
| Frontier Communications Parent | 4.56% | $3.31M | $9.45B | 5.01% | 46 Neutral | |
| Meta Platforms | 4.52% | $3.28M | $1.89T | 27.01% | 79 Outperform | |
| Interpublic Group of Companies | 4.48% | $3.25M | $9.44B | -13.99% | 63 Neutral | |
| Omnicom Group | 4.47% | $3.24M | $14.52B | -26.48% | 75 Outperform | |
| TKO Group Holdings | 4.32% | $3.13M | $37.00B | 59.87% | 72 Outperform |
RSPC Technical Analysis
Neutral
―
Price Trends
39.68
Negative
38.50
Positive
36.65
Positive
Market Momentum
-0.11
Positive
41.73
Neutral
23.68
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RSPC, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 39.61, equal to the 50-day MA of 39.68, and equal to the 200-day MA of 36.65, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 23.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RSPC.
RSPC Peer Comparison
Comparison Results
Performance Comparison
RSPC
Invesco S&P 500 Equal Weight Communication Services ETF
39.04
6.33
19.35%
RIET
Hoya Capital High Dividend Yield ETF
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PSL
Invesco DWA Consumer Staples Momentum ETF
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XITK
SPDR FactSet Innovative Technology ETF
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GXPC
Global X PureCap MSCI Communication Services ETF
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PSCU
Invesco S&P SmallCap Utilities & Communication Services ETF
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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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