Key stats
About Invesco S&P 500 Equal Weight Financial ETF
Expense ratio
0.40%
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Inception date
Nov 1, 2006
RSPF offers an equal-weight play on the US financials sector. In contrast to market-cap-weighting, the funds equal-weighting scheme increases the impact of smaller firms in the portfolio at the expense of larger ones, and greatly reduces concentration to top holdings. For RSPF, this smaller-cap tilt is lessened by the fund's S&P 500-restricted universe, which excludes most small-caps. Still, its equal-weighting limits the importance of dominant players in the sector and creates more exposure to less known companies. This can become an advantage when markets are hostile toward big banks. The index is rebalanced on a quarterly basis. Prior to June 07, 2023, the fund traded under the ticker, RYF.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.