Is Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) a Strong ETF Right Now?

Core Viewpoint - The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) offers a smart beta investment option, providing broad exposure to the Consumer Staples sector while employing an equal-weighting strategy to potentially enhance risk-return performance [1][5]. Group 1: Fund Overview - RSPS was launched on November 1, 2006, and has accumulated assets exceeding $256.26 million, categorizing it as an average-sized ETF in the Consumer Staples sector [1][5]. - The fund aims to match the performance of the S&P 500 Equal Weight Consumer Staples Index, which equally weights stocks in the consumer staples sector of the S&P 500 Index [5]. Group 2: Cost and Expenses - The annual operating expense ratio for RSPS is 0.40%, which is competitive with most peer products in the market [6]. - The fund has a 12-month trailing dividend yield of 0.75% [6]. Group 3: Sector Exposure and Holdings - RSPS has a complete allocation in the Consumer Staples sector, with approximately 100% of its portfolio dedicated to this area [7]. - Estee Lauder Cos Inc accounts for about 3.28% of total assets, followed by Archer-Daniels-Midland Co and J M Smucker Co, with the top 10 holdings representing approximately 28.11% of total assets under management [8]. Group 4: Performance Metrics - Year-to-date, RSPS has increased by about 1.54%, but it has decreased by approximately -1.47% over the last 12 months as of July 29, 2025 [10]. - The fund has traded between $28.68 and $32.71 in the past 52 weeks, with a beta of 0.52 and a standard deviation of 12.94% over the trailing three-year period [10]. Group 5: Alternatives - While RSPS is a viable option for investors looking to outperform the Consumer Staples ETFs segment, there are alternative ETFs available, such as the Vanguard Consumer Staples ETF (VDC) and the Consumer Staples Select Sector SPDR ETF (XLP) [11][12]. - VDC has $7.57 billion in assets and an expense ratio of 0.09%, while XLP has $15.87 billion in assets with an expense ratio of 0.08% [12].