Is Invesco S&P 500 Equal Weight Financials ETF (RSPF) a Strong ETF Right Now?

Launched on 11/01/2006, the Invesco S&P 500 Equal Weight Financials ETF (RSPF) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.What Are Smart Beta ETFs?Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.Fund Sponsor & IndexThe fund is managed by Invesco. RSPF has been able to amass assets over $307.60 million, making it one of the average sized ETFs in the Financials ETFs. This particular fund seeks to match the performance of the S&P 500 EQUAL WEIGHT FINANCIALS INDEX before fees and expenses.The S&P 500 Equal Weight Financials Index equally weights stocks in the financial sector of the S&P 500 Index.Cost & Other ExpensesSince cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.With on par with most peer products in the space, this ETF has annual operating expenses of 0.40%.The fund has a 12-month trailing dividend yield of 0.85%.Sector Exposure and Top HoldingsWhile ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.Representing 100% of the portfolio, the fund has heaviest allocation to the Financials sector.Taking into account individual holdings, W R Berkley Corp (WRB) accounts for about 1.58% of the fund's total assets, followed by Discover Financial Services (DFS) and Fidelity National Information Services Inc (FIS).Its top 10 holdings account for approximately 15.02% of RSPF's total assets under management.Performance and RiskSo far this year, RSPF return is roughly 1.71%, and is up about 22.39% in the last one year (as of 06/12/2025). During this past 52-week period, the fund has traded between $60.07 and $78.05.The ETF has a beta of 0.95 and standard deviation of 17.41% for the trailing three-year period. With about 75 holdings, it effectively diversifies company-specific risk.AlternativesInvesco S&P 500 Equal Weight Financials ETF is an excellent option for investors seeking to outperform the Financials ETFs segment of the market. There are other ETFs in the space which investors could consider as well.Vanguard Financials ETF (VFH) tracks MSCI US Investable Market Financials 25/50 Index and the Financial Select Sector SPDR ETF (XLF) tracks Financial Select Sector Index. Vanguard Financials ETF has $12.04 billion in assets, Financial Select Sector SPDR ETF has $49.21 billion. VFH has an expense ratio of 0.09% and XLF charges 0.08%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Financials ETFs.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco S&P 500 Equal Weight Financials ETF (RSPF): ETF Research Reports Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report W.R. Berkley Corporation (WRB): Free Stock Analysis Report Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard Financials ETF (VFH): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks