RSPE ETF Explained: Returns, Expense Ratio, Holdings, and Alternative ETFs
The Invesco ESG S&P 500 Equal Weight ETF (RSPE) is a passive product that holds ESG-screened S&P 500 stocks at equal weights. Three factors drive the investment case: diversification that reduces market-cap concentration, dividends, and ESG screening.
SubscribeWhat Is the Invesco ESG S&P 500 Equal Weight ETF?
The fund tracks an index that removes S&P 500 constituents with large exposure to controversial businesses such as tobacco and coal, or with low ESG ratings, and then holds the remaining stocks at equal weights. Rather than concentrating in the largest stocks, it aims for broad diversification.
It suits long-term investors who want exposure to US large caps with less market-cap concentration and an ESG tilt.
The ETF is managed by Invesco using a passive (index-tracking) approach.
How Does the Invesco ESG S&P 500 Equal Weight ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P 500 Equal Weight ESG Leaders Select Index |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.20% |
The fund applies ESG screening to S&P 500 stocks to filter out controversial businesses and low-rated companies, then holds the stocks that pass at equal weights. Unlike market-cap weighting, each holding is kept at a similar weight, which eases the concentration in a handful of mega-cap stocks.
- Combination of ESG screening and equal weighting
- Large-cap diversification with reduced market-cap concentration
Invesco ESG S&P 500 Equal Weight ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $75.6M, and the expense ratio is 0.20% per year.
Compared with market-cap-weighted core ETFs, individual stock weights are spread more evenly, and the added ESG filter is what sets the fund apart.
Invesco ESG S&P 500 Equal Weight ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund generally moves in the same direction as US large caps, but because of its equal-weight structure, its performance can diverge from core indexes when mega-cap tech stocks lead the market. Short-term results vary with market conditions.
Fund flows depend on interest in the ESG theme and equal-weight strategies, and its asset base is relatively small compared with large core ETFs. Inflows and outflows can be volatile depending on the market environment.
Invesco ESG S&P 500 Equal Weight ETF Strengths and Weaknesses
Equal-weight diversification and ESG integration are its strengths, while a higher expense ratio than core ETFs and a relatively small asset base are its weaknesses.
💪 Key Strengths
⚠️ Points to Watch
Invesco ESG S&P 500 Equal Weight ETF Alternatives and Related Products
Comparable ETFs in the same ESG large-cap category shown in the table include ESGU, ESGV, and DSI, which are market-cap-weighted ESG core ETFs. For pure equal-weight exposure without the ESG element, RSP, the S&P 500 Equal Weight ETF, is a direct substitute, and for market-cap-weighted core exposure, VOO and SPY are also worth considering.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 ESGU | iShares Trust iShares ESG Aware MSCI USA ETF | $165.22 | -1.9% | $18.2B | 0.15% | 0.94% | +10.9% |
 ESGV | Vanguard ESG U.S. Stock ETF | $132.73 | -2.1% | $13.3B | 0.09% | 0.9% | +9.8% |
 DSI | iShares ESG MSCI KLD 400 ETF | $142.93 | -2.1% | $5.5B | 0.25% | 0.89% | +10.2% |
 SUSA | iShares ESG Optimized MSCI USA ETF | $155.03 | -1.9% | $4.1B | 0.25% | 0.84% | +11.5% |
 USCA | Xtrackers MSCI USA Climate Action Equity ETF | $44.81 | -1.8% | $3.5B | 0.07% | 1.06% | +6.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 USLM | United States Lime & Minerals Inc | 0.47% | $111.61 | -2.0% | $3.2B | 23.9 | 0.22% |
Invesco ESG S&P 500 Equal Weight ETF Investor Checkpoints
Here are the points to check before investing in RSPE. It is worth confirming in advance how its two defining features, equal weighting and ESG screening, create performance differences versus the core index, and how costs and currency factors affect long-term returns.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Cumulative cost impact versus core ETFs | Somewhat high |
| ⚖️ Equal Weighting | Weight differences versus the core index | Evenly diversified across stocks |
| 🌱 ESG Filter | Excluded sectors and criteria | Screening applied |
| 💱 Exchange Rate | Impact on returns converted to won | Not currency-hedged |
Because of its equal-weight structure, the fund can trail the core index in a rally led by mega-cap tech stocks, and its relatively small asset base can be a liquidity concern. Investors should also keep in mind that ESG screening excludes certain industries.
It is worth considering for investors who want ESG large-cap diversification with less market-cap concentration. For pure equal weighting, RSP is an alternative, and for a low-cost core holding, VOO and SPY are options.
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 July 2, 2026.
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