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ETFs

Invesco ESG S&P 500 Equal Weight ETF

RSPE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 17 2021
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$100,336
AUM
$10,955,796
Associated Index
S&P 500 Equal Weight ESG Leaders Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CVS
CVS Health Corp
0.62%
AMGN
AMGEN Inc.
0.61%
HUM
Humana Inc.
0.60%
UNH
Unitedhealth Group Inc
0.60%
NEM
Newmont Corp
0.60%
ALL
Allstate Corp (The)
0.60%
ABBV
Abbvie Inc
0.60%
CSX
CSX Corp.
0.60%
KHC
Kraft Heinz Co
0.60%
CI
Cigna Group (The)
0.59%
Invest with RSPE

What is RSPE?

The Invesco ESG S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight ESG Leaders Select Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to measure the equal weighted performance of securities included in the S&P 500 Equal Weight Index that also meet an environmental, social and governance ( ESG ) criteria, while maintaining similar overall industry group weights as the S&P 500 Equal Weight Index. Each security is given an ESG score that seeks to identify companies well-equipped to recognize and respond to emerging sustainability opportunities and challenges in the global market. Industry-specific questionnaires are used to analyze companies custom industries derived from Global Industry Classification Standard ( GICSS&P 500 ). Companies provide up to 1,000 data points in response to the questionnaires which is used to score each company s performance in relation to each specific ESG subject. If a company chooses not to actively participate in the assessment, it may be assessed based on publicly available information. Companies are ranked from highest to lowest according to their ESG scores, and the top 40% of constituents within each GICS S&P 500 industry group generally are included in the Index. The Fund and the Index are rebalanced quarterly.

ETFs related toRSPE

ETFs correlated to RSPE include RSP, EUSA, FNDB

RSPE
Invesco Exchange-Traded Fund Trust II - Invesco ESG S&P 500 Equal Weight ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRSPE

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RSPE using Composer

FAQ

RSPE is a US Equities ETF. The Invesco ESG S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight ESG Leaders Select Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to measure the equal weighted performance of securities included in the S&P 500 Equal Weight Index that also meet an environmental, social and governance ( ESG ) criteria, while maintaining similar overall industry group weights as the S&P 500 Equal Weight Index. Each security is given an ESG score that seeks to identify companies well-equipped to recognize and respond to emerging sustainability opportunities and challenges in the global market. Industry-specific questionnaires are used to analyze companies custom industries derived from Global Industry Classification Standard ( GICSS&P 500 ). Companies provide up to 1,000 data points in response to the questionnaires which is used to score each company s performance in relation to each specific ESG subject. If a company chooses not to actively participate in the assessment, it may be assessed based on publicly available information. Companies are ranked from highest to lowest according to their ESG scores, and the top 40% of constituents within each GICS S&P 500 industry group generally are included in the Index. The Fund and the Index are rebalanced quarterly.

RSPE tracks the S&P 500 Equal Weight ESG Leaders Select Index.

No, RSPE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RSPE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RSPE is -0.0191%. This is the percent change in the value of RSPE over the most recent 1-month period. The 3-month return on RSPE is -0.017%. This is the percent change in the value of RSPE over the most recent 3-month period.

The standard deviation of RSPE for the past year is 0.1754%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RSPE include SPHQ, DSI, and QUAL.

ETFs correlated to RSPE include RSP, EUSA, and FNDB.

ETFs that are inversely correlated to RSPE include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.