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Morningstar

Invesco S&P 500® Equal Weight ETF RSP

Morningstar Analyst Rating
Analyst rating as of | See Invesco Investment Hub

Morningstar’s Analysis RSP

Will RSP outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RSP’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RSP management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of RSP’s parent organization’s priorities and whether they’re in line with investors’ interests.

Adding mid-cap tilt at a cost.

Analyst

Summary

| by Lan Anh Tran

Invesco Equally-Weighted S&P 500 equally weights on the largest U.S. equities, in effect creating a tilt toward mid-cap stocks. This approach requires high turnover to maintain, adding to the fund’s transaction costs while adding volatility to the portfolio. Investors might be better off with a simple mid-cap index fund. As such, both the Invesco S&P 500 Equal Weight ETF and all share classes of the Invesco Equally-Weighted S&P 500 mutual fund are limited to Morningstar Analyst Ratings of Neutral.

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