Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Invesco S&P 500 Equal Weight ETF (RSP) Surpasses $100B in Assets

BY | ETF Database
12:34 pm ET 08/27/26 | 11 VIEWS
  • Related Symbols
  • RSP
The Invesco S&P 500 Equal Weight ETF (RSP B+) crossed $100 billion in assets this month, marking a major milestone for the equal-weight ETF. Unlike the traditional S&P 500, which gives its largest companies the biggest portfolio allocations, RSP gives each constituent roughly the same 0.20% weighting.Key Takeaways RSP surpassed $100 billion in assets under management (AUM) for the first time this month. The S&P 500 Equal Weight Index has outperformed the traditional S&P 500 year-to-date in 2026. RSP gives each S&P 500 company roughly the same weight, at about 0.20%. Invesco RSP Inflows & Advisor Demand This equal-weight strategy is drawing strong interest from advisors as ETF flows in 2026 continue to upstage 2025’s record-breaking numbers. According to Cinthia Murphy, director of research at VettaFi, RSP picked up $1.5 billion in net new money in July alone. The fund is currently among the 15 most popular ETFs of the year. Subsequent August inflows have now pushed total assets above the $100 billion threshold.Equal-Weight Strategy Outperforms in 2026 The S&P 500 Equal Weight Index has outperformed the traditional market-cap-weighted S&P 500 year-to-date. As of August 27, the S&P 500 is currently up 12.13%, while the S&P Equal Weight is up 15.76%. This shift marks a clear regime change from recent years, when top-heavy technology and communications stocks drove the bulk of market returns. When market leadership expands into industrials, financials, and consumer sectors, equal weighting holds a clear structural advantage.Expanding Earnings Beyond the "Magnificent Seven"Murphy recently noted on CNBC that investors are turning their attention to the other 493 stocks as earnings growth broadens across the benchmark. For much of the recent bull market, simple cap-weighting captured maximum upside. However, as quarterly earnings normalize across sectors, the systematic diversification of equal weighting becomes far more compelling. RSP quarterly rebalances its holdings back to equal weight. This process systematically trims outperforming stocks that have grown bloated and reinvests into lagging names. While this approach can underperform during mega-cap tech rallies, it acts as a useful way to limit concentration risk when market breadth expands. RSP launched on April 24, 2003. The ETF currently has a 0.20% total expense ratio. See More: VettaFi’s Murphy Talks ETF Strategies & AI Bottlenecks on BloombergRSP Milestone: Equal-Weight S&P 500 GrowthCrossing $100 billion strengthens RSP’s position as more than an alternative to the traditional S&P 500. Whether equal weight continues to outperform will depend on the relative performance of the S&P 500’s largest companies versus the broader group of constituents. For now, the $100 billion milestone provides a clear measure of how significant equal-weight exposure has become within the ETF market — and how investors are increasingly looking beyond the S&P 500’s biggest names when considering their S&P 500 exposure. For more news, information, and analysis, visit the Innovative ETFs Content Hub. Invesco Distributors, Inc. is an independent company unaffiliated with VettaFi LLC (“VettaFi”). These articles do not form any kind of legal partnership, agency affiliation, or similar relationship between VettaFi and Invesco Distributors, Inc., nor is such a relationship created or implied by the articles herein. VettaFi LLC is the author and owner of these articles.

More Commentary

Is It Time to Cozy up to KORU Again?
BY | ETF Database
6:52 am ET 08/27/26 | 16 VIEWS
Bitcoin Powers Gains as Permanent Portfolio ETF Approaches $25M
BY | ETF Database
10:57 am ET 08/27/26 | 17 VIEWS
Tackle Inflation & Uncertainty With an Insider + Value Approach
BY | ETF Database
6:40 am ET 08/27/26 | 22 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.