Invesco S&P 500 Equal Weight ETF (RSP): Complete Beginner's Guide
Invesco S&P 500 Equal Weight ETF (RSP) is a us large-cap equal weight ETF from Invesco with an expense ratio of 0.20% and $60.0B in assets under management. Our Beginner Suitability Score: 9/10 (Great for Beginners). 5-year annualized return: 10.00%.
Last updated: April 2026
Invesco • US Large-Cap Equal Weight
Expense Ratio
0.20%
AUM
$60.0B
Dividend Yield
1.70%
Inception
2003
Beginner Score
9/10
What is Invesco S&P 500 Equal Weight ETF?
RSP holds all 500 stocks in the S&P 500 but gives each one an equal weight of about 0.2%, rather than weighting by market cap. This means smaller S&P 500 companies have the same influence as mega-caps like Apple or Microsoft. The equal-weight approach reduces concentration risk and provides a natural tilt toward mid-cap and value stocks within the S&P 500 universe.
RSP is managed by Invesco and has been available since 2003. With $60.0B in assets under management, it's a well-established fund with strong institutional backing. The fund charges an expense ratio of 0.20%, which means for every $10,000 you invest, you pay approximately $20 per year in management fees.
RSP at a Glance — Key Metrics
| Expense Ratio | 0.20% |
| Total Holdings | 503 |
| P/E Ratio | 20.5 |
| Beta | 1.02 |
| Dividend Yield | 1.70% |
| AUM | $60.0B |
| Inception Year | 2003 |
| Issuer | Invesco |
Top 10 Holdings in RSP
RSP holds 503 different securities. Here are the largest positions that make up the core of this fund:
| # | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Vistra Corp | VST | 0.25% |
| 2 | Palantir Technologies | PLTR | 0.25% |
| 3 | Constellation Energy | CEG | 0.24% |
| 4 | GE Vernova | GEV | 0.24% |
| 5 | NVIDIA | NVDA | 0.23% |
| 6 | Axon Enterprise | AXON | 0.23% |
| 7 | Howmet Aerospace | HWM | 0.22% |
| 8 | United Airlines | UAL | 0.22% |
| 9 | Texas Pacific Land | TPL | 0.22% |
| 10 | Deckers Outdoor | DECK | 0.21% |
RSP's top holding is Vistra Corp (VST) at 0.25%, followed by Palantir Technologies (PLTR) at 0.25% and Constellation Energy (CEG) at 0.24%. The top 10 holdings account for 2.31% of the fund's 503 total positions.
View data table
| Rank | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Vistra Corp | VST | 0.25% |
| 2 | Palantir Technologies | PLTR | 0.25% |
| 3 | Constellation Energy | CEG | 0.24% |
| 4 | GE Vernova | GEV | 0.24% |
| 5 | NVIDIA | NVDA | 0.23% |
| 6 | Axon Enterprise | AXON | 0.23% |
| 7 | Howmet Aerospace | HWM | 0.22% |
| 8 | United Airlines | UAL | 0.22% |
| 9 | Texas Pacific Land | TPL | 0.22% |
| 10 | Deckers Outdoor | DECK | 0.21% |
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RSP Performance History
Here's how RSP has performed over different time periods. Remember that past performance doesn't guarantee future results, but it gives you a sense of the fund's track record:
YTD
2.60%
1 Year
12.00%
3 Year
8.00%
5 Year
10.00%
10 Year
9.50%
RSP has returned 10.00% annualized over 5 years and 9.50% over 10 years. YTD return is 2.60%.
View data table
| Period | Return |
|---|---|
| YTD | 2.60% |
| 1 Year | 12.00% |
| 3 Year | 8.00% |
| 5 Year | 10.00% |
| 10 Year | 9.50% |
Beginner Suitability Score: 9/10
Our proprietary Beginner Suitability Score evaluates ETFs based on five factors that matter most to new investors: fees, volatility, diversification, dividend history, and track record length.
RSP scores 9/10 because it has very low fees, can be more volatile than the broader market, offers broad diversification across 503 holdings, and has been available since 2003, giving it a proven track record.
How to Buy RSP — Step by Step
- Open a brokerage account — We recommend Fidelity, Charles Schwab, or Vanguard for ETF investing. All offer $0 commissions on ETF trades.
- Fund your account — Transfer money from your bank. You can start with as little as $1 if your broker offers fractional shares.
- Search for "RSP" — Use the search bar in your brokerage platform to find Invesco S&P 500 Equal Weight ETF.
- Place your order — Choose "Market Order" for simplicity or "Limit Order" if you want to set a specific price. Enter how many shares (or dollar amount) you want to buy.
- Set up automatic investing — Most brokers let you schedule recurring purchases (e.g., $100/month on the 1st). This is dollar cost averaging in action.
RSP Sector Allocation
Here's how RSP distributes its investments across different sectors of the economy:
RSP's largest sector allocation is Industrials at 16.0%, followed by Financials at 15.0% and Technology at 14.0%.
View data table
| Sector | Weight |
|---|---|
| Industrials | 16.0% |
| Financials | 15.0% |
| Technology | 14.0% |
| Healthcare | 12.0% |
| Consumer Discretionary | 11.0% |
| Consumer Staples | 7.0% |
| Utilities | 6.0% |
| Energy | 6.0% |
| Real Estate | 5.0% |
| Materials | 5.0% |
| Communication Services | 3.0% |
Dollar Cost Averaging Into RSP
Here's what consistent monthly investing could look like over time, assuming an average annual return of 8% (approximate historical stock market average):
| Monthly | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| $100/mo | $18,417 | $59,295 | $150,030 |
| $250/mo | $46,041 | $148,237 | $375,074 |
| $500/mo | $92,083 | $296,474 | $750,148 |
*Projections assume 8% average annual return with monthly compounding. Actual returns will vary. Past performance doesn't guarantee future results.
Fee impact: With RSP's expense ratio of 0.20%, a $10,000 investment would lose approximately $1,696 to fees over 20 years compared to a zero-fee investment. This is significant — consider whether the fund's strategy justifies these costs.
RSP's expense ratio of 0.20% costs $1,697 on a $10,000 investment over 20 years (assuming 8% annual return). Without fees, the investment would grow to $46,610 instead of $44,913.
View data table
| Year | Without Fees | With Fees | Fee Cost |
|---|---|---|---|
| 0 | $10,000 | $10,000 | $0 |
| 5 | $14,693 | $14,558 | $135 |
| 10 | $21,589 | $21,193 | $396 |
| 15 | $31,722 | $30,852 | $870 |
| 20 | $46,610 | $44,913 | $1,697 |
Pros and Cons of RSP
Pros
- ✓Eliminates mega-cap concentration risk by giving every S&P 500 stock equal influence
- ✓Natural tilt toward mid-cap and value factors within the S&P 500 universe
- ✓Quarterly rebalancing systematically sells winners and buys laggards for a contrarian effect
- ✓Outperforms cap-weighted S&P 500 during periods of broad market participation
Cons
- ✗Higher expense ratio of 0.20% compared to standard S&P 500 index funds
- ✗Quarterly rebalancing generates more turnover and potential tax events in taxable accounts
- ✗Underperforms when mega-cap stocks lead the market, as in recent tech-driven rallies
RSP vs Similar ETFs
See how RSP stacks up against similar funds:
Frequently Asked Questions
Is RSP a good ETF for beginners?▾
RSP has a Beginner Suitability Score of 9/10 on our scale. This makes it a strong choice for new investors due to its low fees and broad diversification.
What is the expense ratio of RSP?▾
RSP has an expense ratio of 0.20%. This means for every $10,000 you invest, you pay approximately $20 per year in fees. This is considered very low and cost-efficient.
How much money do I need to invest in RSP?▾
You can invest in RSP with as little as $1 through brokers that offer fractional shares (like Fidelity, Schwab, or Robinhood). There is no minimum investment required beyond the share price itself, which changes daily. Dollar cost averaging — investing a fixed amount regularly — is a popular strategy.
Does RSP pay dividends?▾
Yes, RSP pays dividends with a current yield of approximately 1.70%. Dividends are typically paid quarterly and can be reinvested automatically through most brokers.
What are the top holdings in RSP?▾
The top holdings in RSP include Vistra Corp (0.25%), Palantir Technologies (0.25%), Constellation Energy (0.24%), and more. The fund holds 503 total positions, providing broad diversification across many companies.
What sectors does RSP invest in?▾
RSP's largest sector allocations are Industrials (16.00%), Financials (15.00%), Technology (14.00%). This sector distribution shows a focus on industrials stocks.
How much do RSP's fees cost over time?▾
With an expense ratio of 0.20%, a $10,000 investment in RSP would lose approximately $1,696 to fees over 20 years (assuming 8% annual returns). Consider whether the fund's strategy justifies these costs.