Three Reasons to Consider S&P 500 Equal Weight

The Invesco S&P 500 Equal Weight ETF (RSP) equally weights all stocks in the S&P 500 Index, mitigating concentration risk versus the top-heavy cap-weighted parent index. This approach tilts towards the small size factor – as equal weighting naturally overweights the smallest securities in the parent index and underweights the largest – and the value factor, as relative winners are trimmed and relative laggards are added to at the quarterly rebalance back to equal weight. 

Prior to 2023, RSP had outperformed the S&P 500 Index by an average of 1.08% annually at NAV since its launch.¹ However, from the beginning of 2023 through December 2025, it returned 12.52% at NAV against the S&P 500’s 22.96%, as gains in the cap-weighted index were dominated by the “Magnificent 7”, driving record concentration, elevated valuations, and increased growth bias.² Despite this market dynamic, RSP outperformed the S&P 500 in Q3 2024 and Q1 2025 when market breadth improved.³ 

Looking ahead, investors may favor RSP to help mitigate concentration and valuation risk or to capture potential gains from expanding market breadth amid easing geopolitical tensions and Fed policy shifts.
 

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1. Source: Bloomberg, L.P., as of December 31, 2025. From 4/24/2003 to 12/31/2022, RSP returned 10.79% annualized at NAV and the S&P 500 returned 9.71%. 

2. Source: Bloomberg, L.P., as of December 31, 2025. Magnificent 7 and Mag 7 nickname for AAPL, AMZN, GOOG & GOOGL, META, MSFT, NVDA, TSLA. 

3: Source: FactSet, as of December 31, 2025. In Q3 2024, 316 S&P 500 constituents outperformed the Index’s 5.89% and RSP returned 9.53% at NAV. In Q1 2025, 333 S&P 500 constituents outperformed the Index’s -4.27% and RSP returned -0.66% at NAV. Past performance is not a guarantee of future results.

Past performance is not a guarantee of future results; current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. See invesco.com to find the most recent month-end performance numbers. Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Fund performance reflects fee waivers, absent which performance data quoted would have been lower. As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim. An investment cannot be made directly into an index. Index returns do not represent fund returns.

RSP Standardized Performance
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.    
Investments focused in a particular industry or sector, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.    
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All data as of December 31, unless otherwise stated.    
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