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

Core Viewpoint - The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) aims to provide broad exposure to the industrials sector through an equal-weighted strategy, which may offer potential advantages over traditional market-cap weighted ETFs [1][5]. Fund Overview - RSPN was launched on November 1, 2006, and is managed by Invesco, accumulating over $665.75 million in assets, positioning it as an average-sized ETF in the Industrials category [1][5]. - The fund seeks to match the performance of the S&P 500 Equal Weight Industrials Index, which equally weights stocks in the industrials sector of the S&P 500 [5]. Cost Structure - The annual operating expenses for RSPN are 0.40%, making it one of the more affordable options in the ETF space [6]. - The ETF has a 12-month trailing dividend yield of 0.92% [6]. Sector Exposure and Holdings - RSPN's portfolio is entirely allocated to the Industrials sector, with a heavy focus on diversification [7]. - Generac Holdings Inc (GNRC) constitutes approximately 1.45% of the fund's total assets, with the top 10 holdings accounting for about 13.72% of total assets under management [8]. Performance Metrics - As of August 6, 2025, RSPN has gained approximately 9.89% year-to-date and 21.97% over the past year [9]. - The ETF has traded between $43.34 and $56.33 in the past 52 weeks [9]. - RSPN has a beta of 1.09 and a standard deviation of 18.01% over the trailing three-year period, indicating a moderate level of risk [10]. Alternatives - Other ETFs in the industrials space include the Vanguard Industrials ETF (VIS) and the Industrial Select Sector SPDR ETF (XLI), which have significantly larger asset bases of $6.01 billion and $23.09 billion, respectively [12]. - VIS has a lower expense ratio of 0.09%, while XLI charges 0.08%, making them potentially more cost-effective options for investors [12].