Invesco Equal Weight Financials ETF Logs $291M AUM, 3.9% YTD Loss
RSPF has amassed $291.06 million in assets, charges a 0.40% expense ratio and yields 1.23% annually. It has lost 3.93% year-to-date, gained 1.09% over the past year, traded between $63.23 and $80.83 over 52 weeks and carries a beta of 0.92 with 16.66% volatility.
1. Fund Overview
Launched on November 1, 2006, the Invesco S&P 500 Equal Weight Financials ETF targets equal-weight exposure to S&P 500 financial sector stocks. The fund manages $291.06 million in assets, charges a 0.40% annual expense ratio and offers a 1.23% trailing dividend yield.
2. Performance and Risk
RSPF has declined 3.93% year-to-date and delivered a 1.09% return over the past 12 months. Its 52-week trading range spans $63.23 to $80.83, with a three-year beta of 0.92 and a standard deviation of 16.66%, reflecting moderate volatility.
3. Holdings and Sector Exposure
The ETF holds roughly 78 financial sector stocks, with the largest positions in Franklin Resources (1.57%), Interactive Brokers Group and Citizens Financial Group. Its top 10 holdings represent 15.27% of assets, maintaining equal-weight diversification across the sector.
4. Alternatives
Investors seeking lower fees or broader exposure might consider Vanguard Financials ETF with $13.05 billion AUM and a 0.09% expense ratio or Financial Select Sector SPDR with $52.64 billion AUM and a 0.08% fee. These cap-weighted options track MSCI US and S&P 500 sector benchmarks respectively.