RSPN
Invesco S&P 500 Equal Weight Industrials ETF
Invesco S&P Equal Weight Industrial 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 Industrial Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
674.2 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) | $674 |
| 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 +
| GE VERNOVA INC | 2.9 % |
| UNITED CONTINENTAL HOLDINGS | 2.2 % |
| AXON ENTERPRISE INC | 2.0 % |
| PAYCOM SOFTWARE INC | 1.6 % |
| DELTA AIR LINES INC | 1.6 % |
| CERIDIAN HCM HOLDING, INC. | 1.5 % |
| EMERSON ELECTRIC CO | 1.5 % |
| SNAP-ON INC | 1.5 % |
| QUANTA SERVICES INC | 1.5 % |
| COPART INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 76 |
| Herfindahl-Hirschman Index | 136 |
| Wgt avg mkt cap (mns) | $56,363 |
| Large cap (>$10bn) | 98.0% |
| Mid cap ($2-10bn) | 0.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.5 % |
 |
IRELAND | 5.2 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.7% | 38.1% | -45.0% | -32.8% | -15.4% | -3.6% | 2.2% | Volatility | 13.7% | 13.7% | 15.6% | 18.3% | 23.7% | 20.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 9% |
| MSCI EAFE | 0.72 | 6% |
| MSCI Emg Mkts | 0.08 | 0% |
Liquidity Measures
| Avg. volume (000) | 48 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $18,275 |
Technical Indicators
| Recent close | $52.26 |
| 30d moving avg. | $54.00 |
| Annualized volatility | 50.9% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 1.8% |
| Short interest (underlying) | 2.2% |
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. RSPN |
Expenses vs. RSPN |
ALTAR Score™ vs. RSPN |
|---|---|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 66.6% | -31 bp | +0.2% |
| VIS | Vanguard Industrials ETF | 57.5% | -30 bp | +0.3% |
| FIDU | Fidelity MSCI Industrial Index ETF | 56.6% | -32 bp | +0.6% |
| EXI | iShares Global Industrials ETF | 48.3% | +2 bp | +0.5% |
| IYJ | iShares U.S. Industrials ETF | 43.7% | 0 bp | +0.6% |
| MADE | iShares U.S. Manufacturing ETF | 32.9% | 0 bp | +1.4% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 32.9% | +25 bp | +1.0% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 30.1% | +21 bp | +2.4% |
| SZNE | Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | 24.5% | +20 bp | +1.2% |
| PAVE | Global X U.S. Infrastructure Development ETF | 24.5% | +7 bp | +1.4% |
Risk and Returns: RSPN 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 12/17/2024
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
RSPN
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
RSPN
4.2%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. RSPN's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places RSPN in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSPNSELL
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 |
| RSPN (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) |
|
|---|---|---|---|
| RSPN | 40.0 | 7.7 | 47.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .