Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF (RSPF)?

Core Viewpoint - The Invesco S&P 500 Equal Weight Financials ETF (RSPF) offers a low-cost, transparent, and diversified investment option for exposure to the financial sector, appealing to both institutional and retail investors [1][2]. Fund Overview - RSPF was launched on November 1, 2006, and has accumulated over $320.11 million in assets, positioning it as an average-sized ETF in the financial sector [3]. - The ETF aims to replicate the performance of the S&P 500 Equal Weight Financials Index, which equally weights stocks in the financial sector of the S&P 500 [3]. Cost Structure - The annual operating expense ratio for RSPF is 0.40%, which is competitive within its peer group [4]. - The ETF has a 12-month trailing dividend yield of 1.20% [4]. Sector Exposure and Holdings - RSPF is fully allocated to the financial sector, with approximately 100% of its portfolio dedicated to this area [5]. - Coinbase Global Inc (COIN) represents about 1.84% of total assets, with the top 10 holdings accounting for approximately 15.19% of total assets under management [6]. Performance Metrics - The ETF has returned roughly 6.85% and is up approximately 20.74% year-to-date as of July 22, 2025 [7]. - RSPF has traded between $61.80 and $78.05 over the past 52 weeks, with a beta of 0.95 and a standard deviation of 17.28% for the trailing three-year period [7]. Alternatives - RSPF carries a Zacks ETF Rank of 3 (Hold), indicating a reasonable option for investors seeking exposure to financial ETFs [8]. - Other alternatives include the Vanguard Financials ETF (VFH) and the Financial Select Sector SPDR ETF (XLF), with VFH having $12.59 billion in assets and XLF having $51.50 billion [9].