RSPF: INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF
ETF Education Report: INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF (RSPF)
What this ETF is trying to do
The INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF (RSPF) is an exchange-traded fund that focuses on the financial sector. Instead of giving more importance to the biggest companies, it uses an "equal weight" approach. This means it tries to give similar importance to the different financial companies within its portfolio.
What the numbers show
When looking at how this ETF has performed, it is important to understand two different types of returns: price return (how much the share price changed) and total return (which includes both price changes and cash distributions).
• Year-to-Date (YTD): The price return is approximately 3.42%, while the total return is approximately 4.74%.
• One-Year: The price return is approximately 3.75%, while the total return is approximately 5.85%.
• Three-Year: The price return is approximately 57.24%, while the total return is approximately 65.68%.
• Five-Year: The five-year total return is approximately 50.15%.
Based on an estimated price from roughly one year ago of $78.25, the current price is $81.18.
Income and distribution explanation
This ETF provides cash to investors through distributions. The distribution yield is approximately 1.90%. This number describes the cash paid out relative to the ETF's price. Over the last 12 months, there were 5 distributions. While these payments provide cash income, they are not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). Investors often watch this to see if a fund is losing its underlying value. For RSPF, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Top Holdings
The following are the top holdings in this ETF (note that this list is partial):
• PAYPAL HOLDINGS INC (1.67%)
• GLOBAL PAYMENTS INC (1.55%)
• THE TRAVELERS COMPANIES INC (1.50%)
• ROBINHOOD MARKETS INC CLASS A (1.48%)
• AMERIPRISE FINANCIAL INC (1.43%)
• BLOCK INC CLASS A (1.42%)
• BANK OF NEW YORK MELLON CORP (1.40%)
• JACK HENRY & ASSOCIATES INC (1.40%)
• STATE STREET CORP (1.40%)
• CAPITAL ONE FINANCIAL CORP (1.39%)
Pros
• The fund shows a history of positive total returns over one, three, and five years.
• The erosion-risk measurement suggests the fund is currently stable.
Cons
• The distribution yield is relatively low at approximately 1.90%.
Beginner takeaway
RSPF tracks financial companies using an equal-weight method. When studying this ETF, remember that the total return is higher than the price return because it includes cash distributions. Always look at both numbers to see the full picture of how an investment has moved.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | PAYPAL HOLDINGS INC | PYPL | 1.67% |
| 2 | GLOBAL PAYMENTS INC | GPN | 1.55% |
| 3 | THE TRAVELERS COMPANIES INC | TRV | 1.50% |
| 4 | ROBINHOOD MARKETS INC CLASS A | HOOD | 1.48% |
| 5 | AMERIPRISE FINANCIAL INC | AMP | 1.43% |
| 6 | BLOCK INC CLASS A | XYZ | 1.42% |
| 7 | BANK OF NEW YORK MELLON CORP | BNY | 1.40% |
| 8 | JACK HENRY & ASSOCIATES INC | JKHY | 1.40% |
| 9 | STATE STREET CORP | STT | 1.40% |
| 10 | CAPITAL ONE FINANCIAL CORP | COF | 1.39% |