What Is the RSPD ETF? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
RSPD, the Invesco S&P 500 Equal Weight Consumer Discretionary ETF, gives every holding the same weight to reduce large-cap concentration and offer more diversified exposure. Compared with peers such as XLY and VCR, the weighting method, the fee gap, and the quarterly dividend are the key selection criteria for this US consumer sector ETF.
SubscribeWhat Is the Invesco S&P 500 Equal Weight Consumer Discretionary ETF?
This is a smart beta ETF that holds S&P 500 consumer discretionary stocks at equal weights. By applying an equal weight to each stock rather than weighting by market capitalization, it eases concentration in a few large caps while providing diversified exposure to the US consumer sector.
It suits investors who want exposure to the consumer sector but wish to reduce the bias toward large stocks and capture the contribution of small and mid-sized names as well.
It is a passive (index-tracking) ETF managed by Invesco.
How Does the Invesco S&P 500 Equal Weight Consumer Discretionary ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P 500 Equal Weight Consumer Discretionary Index |
| Management Style | Passive (index-tracking, smart beta) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly dividend |
| Issuer | Invesco |
| Total Expense Ratio | 0.40% |
The ETF holds the consumer discretionary stocks included in the S&P 500 on an equal-weight basis rather than by market capitalization. Each quarter it rebalances to bring weights back to equal, which has the effect of trimming stocks that have risen relatively more and adding to those that have risen less.
- Equal weighting eases large-cap concentration
- Even diversification across the consumer sector
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $275.9M, and the total expense ratio is 0.40% per year.
Compared with market-cap-weighted consumer ETFs in the same category, it depends less on large stocks, but its turnover from quarterly rebalancing tends to be relatively higher.
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe consumer discretionary sector is sensitive to the consumer cycle and the interest rate environment, so returns tend to be quite volatile. Because of the equal-weight structure, performance can diverge from market-cap-weighted consumer ETFs depending on the period.
Fund flows tend to fluctuate with expectations for the consumer cycle, and diversification demand from investors seeking to avoid large-cap concentration sometimes flows into equal-weight ETFs. As a sector ETF, its flows are more volatile than those of broad core ETFs.
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Pros and Cons
Its strength is diversified exposure with less large-cap concentration, while its weaknesses are sector concentration and the turnover costs of equal weighting.
💪 Key Strengths
⚠️ Points to Watch
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Alternative ETFs and Related Products
The three funds shown in the table, XLY, VCR, and FDIS, are larger, lower-fee ETFs that hold the same consumer discretionary sector on a market-cap-weighted basis, so they differ from this ETF in weighting structure. IYC also offers similar consumer exposure. To focus more on the retail industry, you can consider XRT, the SPDR S&P Retail ETF, and if you need consumer staples exposure rather than discretionary, you can look at XLP as well.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 XLY | State Street Consumer Discretionary Select Sector SPDR ETF | $122.33 | +4.3% | $22.7B | 0.08% | 0.76% | +2.7% |
 VCR | Vanguard Consumer Discretionary ETF | $408.23 | +4.2% | $6.0B | 0.09% | 0.73% | +4.0% |
 FDIS | Fidelity MSCI Consumer Discretionary Index ETF | $106.00 | +4.1% | $1.7B | 0.08% | 0.73% | +4.2% |
 IYC | iShares U.S. Consumer Discretionary ETF | $106.70 | +4.6% | $1.3B | 0.37% | 0.49% | +4.2% |
 XRT | State Street SPDR S&P Retail ETF | $93.72 | +5.5% | $412.7M | 0.35% | 0.79% | +17.3% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| EXPE | Expedia Group Inc | 0.03% | $315.88 | +10.5% | $37.9B | 19.7 | 0.48% |
| CVNA | Carvana Co | 0.03% | $77.56 | +8.8% | $85.6B | 33.1 | - |
| DASH | DoorDash Inc | 0.03% | $198.59 | +8.3% | $86.6B | 82.4 | - |
| AMZN | Amazon.com Inc | 0.03% | $266.03 | +6.1% | $2.88T | 21.5 | - |
| GRMN | Garmin Ltd | 0.03% | $289.15 | +6.5% | $55.7B | 27.8 | 1.42% |
 GPC | Genuine Parts Co | 0.03% | $126.40 | +1.7% | $17.4B | 506.2 | 3.36% |
| CMG | Chipotle Mexican Grill | 0.02% | $35.20 | +5.8% | $44.5B | 33.0 | - |
| BKNG | Booking Holdings Inc | 0.02% | $170.97 | +9.8% | $128.5B | 18.4 | 0.9% |
| RCL | Royal Caribbean Group | 0.02% | $333.15 | +6.4% | $89.1B | 19.7 | 1.66% |
| ABNB | Airbnb Inc | 0.02% | $176.37 | +5.6% | $105.6B | 40.1 | - |
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Investor Checkpoints
Here are the points to review before investing in RSPD. Because it is both a sector ETF and an equal-weight fund, it is wise to thoroughly check in advance its single-sector concentration, its weighting method that differs from market-cap weighting, and the impact of long-term costs.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative cost impact over a long holding period | Higher than core ETFs |
| 📊 Weighting Method | Understand the difference between equal weight and market-cap weight | Equal weight applied |
| 🔁 Rebalancing | Review turnover from quarterly rebalancing | Quarterly |
| 🏬 Sector Concentration | Review sensitivity to the consumer cycle | Concentrated in a single sector |
Single-sector concentration and sensitivity to the consumer cycle are the main drivers of volatility. During economic slowdowns, consumer discretionary stocks as a whole can weaken, so it is advisable to adjust the position size as one component of a diversified portfolio.
It is a suitable choice for investors who want diversified exposure to the consumer sector while reducing large-cap concentration. If cost and liquidity are the priority, market-cap-weighted ETFs such as XLY and VCR are a better fit, while this ETF suits those who want equal-weight diversification.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 11, 2026.
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