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

Core Viewpoint - The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) offers investors broad exposure to the consumer discretionary sector, utilizing a smart beta strategy that aims to outperform traditional market cap weighted indexes [1][3]. Fund Overview - RSPD was launched on November 1, 2006, and is managed by Invesco, with total assets exceeding $204.44 million, categorizing it as an average-sized ETF in the consumer discretionary space [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Consumer Discretionary Index, which equally weights stocks in the consumer discretionary sector [5]. Cost Structure - The annual operating expenses for RSPD are 0.40%, which is competitive within its peer group [6]. - The fund has a 12-month trailing dividend yield of 0.71% [6]. Sector Exposure and Holdings - RSPD is fully allocated to the consumer discretionary sector, representing 100% of its portfolio [7]. - The top holdings include Carnival Corp (2.33% of total assets), Royal Caribbean Cruises Ltd, and Nike Inc, with the top 10 holdings accounting for approximately 21.73% of total assets [8]. Performance Metrics - Year-to-date, RSPD has increased by about 4.38% and has risen approximately 20.27% over the last 12 months as of August 5, 2025 [10]. - The fund has traded between $44.09 and $56.67 in the past 52 weeks, with a beta of 1.20 and a standard deviation of 20.72% over the trailing three-year period [10]. Alternatives - For investors seeking to outperform the consumer discretionary segment, alternatives such as the Vanguard Consumer Discretionary ETF (VCR) and the Consumer Discretionary Select Sector SPDR ETF (XLY) are available, with VCR having $6.07 billion in assets and XLY $21.93 billion [12]. - VCR has a lower expense ratio of 0.09%, while XLY has an expense ratio of 0.08% [12].