RSPF
Invesco S&P 500 Equal Weight Financials ETF
Invesco S&P Equal Weight Financial ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the performance of the S&P Equal Weight Financial Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
312.7 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 01, 2006 |
| Assets (mns) | $313 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CORPAY INC | 2.9 % |
| WELLS FARGO & CO | 1.8 % |
| SYNCHRONY FINANCIAL | 1.7 % |
| MORGAN STANLEY | 1.7 % |
| RAYMOND JAMES FINANCIAL INC | 1.7 % |
| DISCOVER FINANCIAL SERVICES | 1.7 % |
| CAPITAL ONE FINANCIAL CORP | 1.7 % |
| SCHWAB (CHARLES) CORP | 1.6 % |
| AMERIPRISE FINANCIAL INC | 1.6 % |
| M & T BANK CORP | 1.6 % |
Constituent Breakdown
| Number of holdings | 70 |
| Herfindahl-Hirschman Index | 145 |
| Wgt avg mkt cap (mns) | $102,636 |
| Large cap (>$10bn) | 98.5% |
| Mid cap ($2-10bn) | 1.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.3 % |
 |
BERMUDA | 2.3 % |
 |
IRELAND | 1.4 % |
 |
SWITZERLAND | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.5% | 46.0% | 14.6% | 5.1% | 12.5% | 11.1% | 6.2% | Volatility | 13.5% | 13.7% | 17.5% | 20.3% | 27.5% | 22.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 53% |
| MSCI EAFE | 0.87 | 55% |
| MSCI Emg Mkts | 0.64 | 28% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $27,032 |
Technical Indicators
| Recent close | $75.43 |
| 30d moving avg. | $70.29 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 1.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RSPF |
Expenses vs. RSPF |
ALTAR Score™ vs. RSPF |
|---|---|---|---|---|
| XLF | Financial Select Sector SPDR Fund | 55.8% | -31 bp | -0.9% |
| FNCL | Fidelity MSCI Financials Index ETF | 51.8% | -32 bp | -0.5% |
| VFH | Vanguard Financials ETF | 51.6% | -30 bp | -0.5% |
| IYF | iShares U.S. Financials ETF | 49.9% | 0 bp | -0.8% |
| IXG | iShares Global Financials ETF | 40.9% | +2 bp | +0.0% |
| IYG | iShares US Financial Services ETF | 40.2% | 0 bp | -1.2% |
| FXO | First Trust Financials AlphaDEX Fund | 39.2% | +22 bp | +1.2% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 35.2% | -1 bp | +1.7% |
| KCE | SPDR S&P Capital Markets ETF | 32.5% | -5 bp | -0.2% |
| RPV | Invesco S&P 500 Pure Value ETF | 29.7% | -5 bp | +3.6% |
Risk and Returns: RSPF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
RSPF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
RSPF
6.1%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. RSPF's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places RSPF in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSPFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| RSPF (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RSPF | 40.0 | 33.3 | 73.3 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .