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RSP - AI Analysis
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Invesco S&P 500 Equal Weight ETF (RSP)
Rating:71Outperform
Price Target:
$209.00
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)
AUM73.89B
RegionNorth America
Expense Ratio0.20%
Beta0.82
IssuerInvesco
Inception DateApr 24, 2003
Dividend Yield1.56%
Asset ClassEquity
Index TrackedS&P 500 Equal Weighted
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume13,707,204
30 Day Avg. Volume13,612,296
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
216.79Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering505
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 |
|---|---|---|---|---|---|---|
| Warner Bros | 0.33% | $242.24M | $52.36B | 176.48% | 69 Neutral | |
| Advanced Micro Devices | 0.32% | $234.71M | $410.45B | 62.37% | 77 Outperform | |
| Intel | 0.31% | $230.44M | $178.78B | 72.51% | 61 Neutral | |
| Micron | 0.31% | $226.95M | $245.84B | 106.88% | 78 Outperform | |
| Lam Research | 0.28% | $211.01M | $191.27B | 107.95% | 77 Outperform | |
| Applied Materials | 0.28% | $204.37M | $182.23B | 24.81% | 77 Outperform | |
| Western Digital | 0.26% | $192.21M | $44.37B | 81.71% | 76 Outperform | |
| Albemarle | 0.26% | $189.51M | $12.43B | -1.95% | 58 Neutral | |
| KLA | 0.25% | $187.84M | $155.76B | 80.19% | 86 Outperform | |
| Dell Technologies | 0.25% | $187.89M | $106.67B | 34.42% | 65 Neutral |
RSP Technical Analysis
Positive
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Price Trends
188.45
Positive
185.18
Positive
178.93
Positive
Market Momentum
0.74
Negative
54.08
Neutral
83.51
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RSP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 189.67, equal to the 50-day MA of 188.45, and equal to the 200-day MA of 178.93, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 54.08 is Neutral, neither overbought nor oversold. The STOCH value of 83.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RSP.
RSP Peer Comparison
Comparison Results
Performance Comparison
RSP
Invesco S&P 500 Equal Weight ETF
190.46
15.22
8.69%
VOO
Vanguard S&P 500 ETF
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IVV
iShares Core S&P 500 ETF
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SPY
SPDR S&P 500 ETF Trust
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QQQ
Invesco QQQ Trust
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SPLG
SPDR Portfolio S&P 500 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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