What Is the RSPR ETF? Returns, Fees, Holdings, and Alternative ETFs Explained
The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) holds every stock in the real estate sector at equal weight, which reduces concentration in large REITs. Comparing its dividends and outlook with those of market-cap-weighted real estate ETFs is the key yardstick for an investment decision.
SubscribeWhat Is the Invesco S&P 500 Equal Weight Real Estate ETF?
This is a passive ETF that holds every real estate sector stock in the S&P 500 at the same weight. Unlike market-cap weighting, it equalizes the weight of each holding, which eases concentration in a handful of large stocks.
It suits investors who want real estate sector exposure that is spread evenly, rather than weighted heavily toward one or two large REITs.
The ETF is managed by Invesco using a passive (index-tracking) approach.
How Does the Invesco S&P 500 Equal Weight Real Estate ETF Invest?
| Item | Details |
|---|---|
| Tracked index | S&P 500 Equal Weight Real Estate Index |
| Management style | Passive (index tracking) |
| Rebalancing frequency | Quarterly |
| Dividend frequency | Quarterly dividends |
| Total expense ratio | 0.40% |
The fund holds every stock classified in the real estate sector of the S&P 500 on an equal-weight basis, and is designed so that weight does not pile up in any particular large REIT. Weights are reset each quarter under the index committee's decisions, so every rebalancing restores each holding to roughly an equal weight.
- Equal weighting instead of market-cap weighting eases concentration in large REITs
- Pure sector exposure covering every real estate stock in the S&P 500
Invesco S&P 500 Equal Weight Real Estate ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $82.0M, and the total expense ratio is 0.40% per year.
Most of the funds shown in the table, namely VNQ, SCHH, XLRE, IYR, and USRT, use market-cap weighting, so their holding weights differ clearly from those of this fund, which adopts an equal-weight strategy.
Invesco S&P 500 Equal Weight Real Estate ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe real estate sector tends to react sensitively to changes in the interest rate environment, and because of the equal-weight structure, moves in small and mid-sized REITs are reflected relatively strongly in index performance.
Real estate sector ETFs as a group tend to see volatile fund flows depending on the rate cycle and conditions in the commercial real estate market, and equal-weight products belong to a category that is relatively small compared with market-cap-weighted ones.
Invesco S&P 500 Equal Weight Real Estate ETF Pros and Cons
Its strength is diversified exposure with less concentration in large REITs, while interest rate sensitivity from its pure real estate sector focus is a risk to keep in mind.
💪 Key Strengths
⚠️ Points to Watch
Invesco S&P 500 Equal Weight Real Estate ETF Alternative ETFs and Related Products
Most of the funds shown in the table, namely VNQ, SCHH, XLRE, IYR, and USRT, are market-cap weighted with high weights in large REITs, whereas this fund stands apart by equalizing holding weights through equal weighting. For a broader view of the real estate sector, you can also look at infrastructure and data center themed ETFs beyond REITs, and if you want to apply the equal-weight strategy to other sectors, you can compare other equal-weight sector ETFs built on the same methodology. The differences from XLRE and IYR, which have different issuers and fee structures, are also worth noting.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VNQ | Vanguard Real Estate Index Fund ETF | $93.87 | +2.3% | $36.8B | 0.13% | 3.63% | +6.0% |
 SCHH | Schwab U.S. REIT ETF | $23.05 | +2.1% | $10.8B | 0.07% | 2.94% | +10.1% |
 XLRE | State Street Real Estate Select Sector SPDR ETF | $43.06 | +2.2% | $8.0B | 0.08% | 3.35% | +5.9% |
 USRT | iShares Core U.S. REIT ETF | $63.85 | +2.3% | $4.2B | 0.08% | 2.75% | +11.8% |
 IYR | iShares U.S. Real Estate ETF | $99.47 | +2.2% | $3.9B | 0.37% | 2.4% | +5.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| IRM | Iron Mountain Inc | 0.04% | $118.38 | +2.3% | $35.2B | 84.5 | 2.87% |
 SBAC | SBA Communications Corp | 0.04% | $184.88 | +0.1% | $19.6B | 19.9 | 2.71% |
| VTR | Ventas Inc | 0.04% | $83.71 | +3.3% | $43.9B | 158.3 | 2.48% |
| WELL | Welltower Inc | 0.04% | $233.17 | +2.6% | $171.1B | - | 1.35% |
| CBRE | CBRE Group Inc | 0.04% | $128.58 | +4.0% | $37.1B | 27.5 | - |
 INVH | Invitation Homes Inc | 0.04% | $26.64 | -0.4% | $15.7B | 59.4 | 4.51% |
| SPG | Simon Property Group Inc | 0.03% | $215.72 | +2.1% | $69.8B | 40.9 | 4.17% |
 BXP | BXP Inc | 0.07% | $63.02 | +2.5% | $11.2B | 33.9 | 4.45% |
| EQIX | Equinix Inc | 0.03% | $1036.67 | +2.9% | $102.3B | 62.3 | 1.99% |
Invesco S&P 500 Equal Weight Real Estate ETF Investor Checkpoints
Here are the points to review before investing in RSPR. Because it is a pure real estate sector product, you need to understand in advance its interest rate sensitivity, the characteristics of the equal-weight structure, and how it differs from market-cap-weighted real estate ETFs.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the effect of cumulative costs over a long holding period | Needs checking |
| 📊 Equal-weight structure | Understand how weight allocation differs from market-cap weighting | Quarterly rebalancing maintained |
| 🏢 Sector concentration | Recognize the diversification limits of concentration in a single real estate sector | Sector concentration maintained |
| 💰 Dividend frequency | Review the quarterly dividend schedule and cash flow plan | Quarterly dividends maintained |
The real estate sector reacts sensitively to interest rate changes, and under the equal-weight structure, the volatility of small and mid-sized REITs can be reflected relatively strongly in index performance. Because the fund is concentrated in a single sector, its benefit for diversification across the broader market is limited.
It is a suitable choice for investors who want even exposure across the real estate sector without concentration in large REITs. It is recommended to compare the portfolio characteristics with those of market-cap-weighted real estate ETFs before deciding.
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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