RSPT ETF: A Complete Guide — Returns, Expense Ratio, Holdings & Alternative ETFs
The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an equal-weighted ETF that holds information technology sector stocks to reduce concentration in mega-cap names and offer diversified exposure. It is worth examining for its exposure to semiconductor and hardware names along with its quarterly dividend pattern.
What Is the Invesco S&P 500 Equal Weight Technology ETF?
It is an ETF that tracks an index reconstituting the S&P 500 Information Technology sector holdings at equal weights rather than by market capitalization. It provides balanced exposure across multiple companies within the sector without the concentration risk associated with mega-cap tech names.
It is well suited for investors who want exposure to the technology sector while reducing the concentration risk that comes from a few large-cap names.
The ETF is passively managed (index-tracking) by Invesco.
How to Invest in the Invesco S&P 500 Equal Weight Technology ETF
| Item | Details |
|---|---|
| Tracking Index | S&P 500 Equal Weight Information Technology Index |
| Management Style | Passive (Index Tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly |
| Total Expense Ratio | 0.40% |
By including S&P 500 Information Technology sector constituents at equal weights, it suppresses the concentration in any single mega-cap name that is typical of market-cap-weighted approaches. The weights of index components are reset to equal levels every quarter.
- Reduced mega-cap concentration versus market-cap weighting
- Tilted toward semiconductor and hardware-related names
Size and Cost of the Invesco S&P 500 Equal Weight Technology ETF (AUM and Expense Ratio)
Assets under management (AUM) stand at $6.0B, and the total expense ratio is 0.40% per year.
Due to the equal-weighting methodology, the portfolio carries a relatively higher weight in semiconductor and hardware companies compared with market-cap-weighted technology ETFs such as XLK and VGT.
Performance and Flows of the Invesco S&P 500 Equal Weight Technology ETF
Performance has shown high volatility depending on the broader technology sector environment and the semiconductor cycle. Because of its equal-weight structure, the fund also reflects moves in mid- and small-cap technology names, so its flow pattern can differ from that of market-cap-weighted technology ETFs.
Fund flows tend to track demand for diversified technology exposure and sentiment on the semiconductor cycle, and the ETF has drawn attention from investors seeking to reduce large-cap concentration.
Strengths and Weaknesses of the Invesco S&P 500 Equal Weight Technology ETF
The diversification benefit of reduced mega-cap concentration is a key strength, while the trading costs from equal-weight rebalancing and sensitivity to the semiconductor cycle are commonly cited drawbacks.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products for the Invesco S&P 500 Equal Weight Technology ETF
The table includes VGT, XLK, and FTEC, all of which are large-cap technology sector ETFs that use market-cap weighting and therefore carry heavy exposure to a handful of mega-cap tech names, unlike RSPT. SOXX and IYW are also included in the table, and some of these products feature particularly high semiconductor weights and are worth comparing side by side. As an additional reference, RSP (the equal-weighted S&P 500 across the entire market) applies the same equal-weighting approach to a different universe and can help frame the characteristics of the equal-weighting strategy itself.
| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | $120.97 | +1.5% | $147.5B | 0.09% | 0.39% | +25.0% | |
| State Street Technology Select Sector SPDR ETF | $186.32 | +1.7% | $121.0B | 0.08% | 0.45% | +26.9% | |
| iShares Semiconductor ETF | $492.25 | +2.9% | $45.1B | 0.33% | 0.25% | +66.4% | |
| iShares U.S. Technology ETF | $252.88 | +1.2% | $24.3B | 0.37% | 0.1% | +24.5% | |
| Fidelity MSCI Information Technology Index ETF | $288.61 | +1.5% | $21.1B | 0.08% | 0.38% | +25.1% |
| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| INTC | Intel Corp | 0.02% | $90.52 | +4.1% | $478.5B | - | 0.05% |
| STX | Seagate Technology Holdings Plc | 0.02% | $644.21 | +2.2% | $146.5B | 46.4 | 0.47% |
| AMD | Advanced Micro Devices Inc | 0.02% | $531.28 | +2.8% | $867.3B | 136.3 | - |
| ON | ON Semiconductor Corp | 0.02% | $74.06 | +2.5% | $28.8B | 47.7 | - |
| SNDK | Sandisk Corp | 0.02% | $1255.77 | +1.4% | $181.5B | 17.2 | - |
| WDC | Western Digital Corp | 0.02% | $356.13 | +3.6% | $133.3B | 13.8 | 0.18% |
| Zebra Technologies Corp | 0.02% | $384.15 | -0.6% | $18.2B | 35.1 | - | |
| CIEN | CIENA Corp | 0.02% | $335.93 | +4.9% | $47.6B | 75.0 | - |
| MPWR | Monolithic Power System Inc | 0.02% | $1167.27 | +2.4% | $57.4B | 71.5 | 0.64% |
| NXPI | NXP Semiconductors NV | 0.02% | $245.88 | +4.7% | $62.0B | 21.0 | 1.81% |
Investor Checklist for the Invesco S&P 500 Equal Weight Technology ETF
These are the key points to review before investing in RSPT. Investors should weigh the diversification benefit of the equal-weighting approach together with semiconductor cycle sensitivity, and keep in mind that the performance pattern can differ from that of market-cap-weighted technology ETFs.
| Checkpoint | What to Confirm | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check cumulative cost impact for long-term holding | Annual fee applied |
| ⚖️ Equal-Weight Structure | Understand weighting differences versus market-cap-weighted peers | Quarterly rebalancing maintained |
| 🔧 Semiconductor Weight | Check volatility tied to the industry cycle | Relatively high weight |
| 💱 Diversification | Confirm reduction of large-cap concentration | Balanced exposure within the sector |
Volatility tied to the semiconductor and hardware cycle and the costs of equal-weight rebalancing are the main risk factors. During broad-based pullbacks in the technology sector, even an equal-weight structure cannot avoid drawdowns.
If you want exposure to the technology sector while avoiding concentration in a few mega-cap names, RSPT is a candidate worth considering, while XLK and VGT are alternatives for those who prefer a market-cap-weighted approach.
Disclaimer: 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 1, 2026.