RSP holds near $199.73 as higher yields and broad-market rotation offset
RSP•RSP is essentially flat (+0.01%) as U.S. equities pause ahead of major macro catalysts and with Treasury yields elevated after a late-April rise. With equal-weighting, RSP is being pulled more by broad participation (financials/industrials/health care) than by mega-cap tech leadership.
1) What RSP tracks (and why it trades differently than SPY)
Invesco S&P 500 Equal Weight ETF (RSP) seeks to track the S&P 500 Equal Weight Index, which holds the same S&P 500 constituents but weights them equally rather than by market cap. That structure reduces exposure to the biggest mega-caps and increases relative exposure to mid/upper-mid sized S&P 500 constituents, making RSP more sensitive to market breadth and sector rotation than headline mega-cap moves. (invesco.com)
