RSPS ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) holds consumer staples stocks at equal weights. Unlike market-cap-weighted ETFs, its key differentiator is an equal-weight diversification structure that reduces concentration in a handful of large caps. It is a sector ETF worth examining alongside market-cap-weighted sector ETFs for differences in fees and dividends.
SubscribeWhat Is the Invesco S&P 500 Equal Weight Consumer Staples ETF?
This is a sector ETF that tracks the S&P 500 Equal Weight Consumer Staples Index. It holds the consumer staples stocks included in the S&P 500 at equal weights rather than by market capitalization, easing large-cap concentration.
It suits investors who want diversified exposure to the consumer staples sector while reducing large-cap concentration.
It is a passively managed (index-tracking) ETF run by Invesco.
How Does the Invesco S&P 500 Equal Weight Consumer Staples ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | S&P 500 Equal Weight Consumer Staples Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly |
| Issuer | Invesco |
| Expense Ratio | 0.40% |
The ETF holds S&P 500 consumer staples stocks at equal weights and rebalances to equal weight every quarter. Unlike a market-cap-weighted approach, it keeps individual stock weights similar, so concentration in a few large caps is lower and the contribution from small and mid-sized stocks is relatively larger.
- Equal-weight allocation within the sector eases large-cap concentration
- Quarterly rebalancing keeps weights balanced
Invesco S&P 500 Equal Weight Consumer Staples ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $248.1M, and the expense ratio is 0.40% per year.
Compared with market-cap-weighted consumer staples ETFs, individual stock weights are spread more evenly, so the impact of moves in individual stocks is reflected more uniformly.
Invesco S&P 500 Equal Weight Consumer Staples ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe consumer staples sector is defensive in nature and tends to be relatively stable during periods of market volatility, but its trend can vary with interest rates and the consumer environment. It is a sector better suited to a medium- to long-term perspective than a short-term one.
Fund flows move with demand for defensive sectors, and money sometimes flows into consumer staples during risk-off phases. Because of its equal-weight structure, the ETF may show fund-flow reactions somewhat different from those of large-cap trends.
Invesco S&P 500 Equal Weight Consumer Staples ETF Pros and Cons
Equal-weight diversification is its strength, while sector-limited exposure and a relatively higher expense ratio are factors to consider.
💪 Key Strengths
⚠️ Points to Watch
Invesco S&P 500 Equal Weight Consumer Staples ETF Alternative ETFs and Related Products
XLP, VDC, and FSTA shown in the table are direct comparisons that hold the same consumer staples sector on a market-cap-weighted basis, with higher large-cap weightings. If you want to broaden equal-weight exposure from a single sector to the entire market, there is RSP, the S&P 500 equal-weight ETF from the same issuer. To diversify beyond the US into global consumer staples, KXI can also be considered.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 XLP | State Street Consumer Staples Select Sector SPDR ETF | $89.42 | +1.4% | $14.8B | 0.08% | 2.46% | +16.9% |
 VDC | Vanguard Consumer Staples ETF | $242.32 | +1.4% | $8.0B | 0.09% | 2.01% | +16.0% |
 FSTA | Fidelity MSCI Consumer Staples Index ETF | $56.48 | +1.4% | $1.5B | 0.08% | 2.09% | +15.9% |
 IYK | iShares U.S. Consumer Staples ETF | $78.03 | +1.1% | $1.4B | 0.37% | 2.42% | +16.6% |
 FXG | First Trust Consumer Staples AlphaDEX Fund | $61.83 | +1.4% | $207.2M | 0.63% | 2.04% | +0.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| DG | Dollar General Corp | 0.03% | $132.30 | +1.7% | $29.2B | 17.2 | 1.81% |
 DLTR | Dollar Tree Inc | 0.03% | $133.87 | +1.4% | $25.1B | 16.4 | - |
| TGT | Target Corp | 0.03% | $154.38 | +1.7% | $70.1B | 16.0 | 2.75% |
| SYY | Sysco Corp | 0.03% | $82.90 | +0.5% | $40.8B | 22.7 | 2.67% |
 BF-B | Brown-Forman Corp | 0.03% | $28.71 | +2.4% | $13.3B | 18.5 | 3.31% |
| KMB | Kimberly-Clark Corp | 0.03% | $107.94 | -1.9% | $35.9B | 18.4 | 4.77% |
| KHC | Kraft Heinz Co | 0.03% | $24.34 | +1.8% | $28.9B | - | 6.58% |
| KVUE | Kenvue Inc | 0.03% | $19.31 | -1.3% | $37.1B | 22.4 | 4.38% |
| MDLZ | Mondelez International Inc | 0.03% | $64.94 | +3.9% | $82.9B | 20.5 | 3.16% |
 GIS | General Mills Inc | 0.03% | $34.29 | +2.9% | $18.3B | - | 7.15% |
Invesco S&P 500 Equal Weight Consumer Staples ETF Investor Checkpoints
Here are the points to check before investing in RSPS. As an equal-weight sector ETF, it is worth confirming how its costs, sector concentration, and allocation method differ from those of market-cap-weighted ETFs.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Compare costs with market-cap-weighted sector ETFs | Somewhat high |
| 📊 Equal-Weight Structure | Confirm the effect of easing large-cap concentration | Applied |
| 🛡️ Sector Concentration | Exposure to the single consumer staples sector | Needs checking |
| 💱 Exchange Rate | Impact on returns converted to won | Not currency hedged |
Because of its single-sector concentration, the diversification benefit shrinks when consumer staples underperform, and the costs from equal-weight turnover should also be considered. Even a defensive sector can produce short-term losses as interest rates and the consumer environment change.
This ETF suits investors who want even exposure to the consumer staples sector without large-cap concentration. If cost and liquidity are the priority, a market-cap-weighted sector ETF may fit better; if stock diversification matters more, RSPS can be considered.
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 18, 2026.
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