RSPG
Invesco S&P 500 Equal Weight Energy ETF
Invesco S&P Equal Weight Energy 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 Energy Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
542.5 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) | $542 |
| 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 +
| TARGA RESOURCES CORP | 5.4 % |
| KINDER MORGAN INC | 5.3 % |
| EQT CORP | 5.2 % |
| BAKER HUGHES COMPANY CLASS A | 5.2 % |
| WILLIAMS COS INC | 5.1 % |
| ONEOK INC | 4.9 % |
| CHEVRON CORP | 4.7 % |
| HESS CORP | 4.6 % |
| EOG RESOURCES, INC. | 4.6 % |
| COTERRA ENERGY INC. | 4.6 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 460 |
| Wgt avg mkt cap (mns) | $77,575 |
| Large cap (>$10bn) | 95.7% |
| Mid cap ($2-10bn) | 4.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.9% | 5.7% | 4.4% | 19.7% | 16.1% | 2.7% | 4.3% | Volatility | 18.3% | 18.5% | 22.8% | 28.7% | 40.7% | 34.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 18% |
| MSCI EAFE | 0.66 | 17% |
| MSCI Emg Mkts | 0.37 | 5% |
Liquidity Measures
| Avg. volume (000) | 44 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $7,979 |
Technical Indicators
| Recent close | $83.16 |
| 30d moving avg. | $78.64 |
| Annualized volatility | 28.8% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 3.5% |
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. RSPG |
Expenses vs. RSPG |
ALTAR Score™ vs. RSPG |
|---|---|---|---|---|
| XLE | Energy Select Sector SPDR Fund | 67.7% | -31 bp | -0.8% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 64.8% | +20 bp | +0.2% |
| IYE | iShares U.S. Energy ETF | 56.7% | 0 bp | -1.6% |
| FXN | First Trust Energy AlphaDEX Fund | 56.2% | +22 bp | +0.7% |
| FENY | Fidelity MSCI Energy Index ETF | 52.2% | -32 bp | -1.3% |
| VDE | Vanguard Energy ETF | 52.0% | -30 bp | -1.3% |
| DRLL | Strive U.S. Energy ETF | 49.4% | +1 bp | -0.8% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 45.6% | 0 bp | +0.7% |
| IGE | iShares North American Natural Resources ETF | 42.7% | +1 bp | -1.5% |
| IXC | iShares Global Energy ETF | 42.1% | +4 bp | +1.0% |
Risk and Returns: RSPG 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
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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
RSPG
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RSPG
7.8%
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%. RSPG's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places RSPG in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSPGSELL
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 |
| RSPG (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) |
|
|---|---|---|---|
| RSPG | 40.0 | 3.6 | 43.6 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .