RSPC
Invesco S&P 500 Equal Weight Communication Services ETF
The Invesco S&P 500 Equal Weight Communication Services ETF tracks an equal-weighted index of US telecommunication and media & entertainment components of the S&P 500.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
63.8 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 07, 2018 |
| Assets (mns) | $64 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FRONTIER COMMUNICATIONS PARENT, INC. | 6.1 % |
| CHARTER COMMUNICATIONS, INC. CLASS A | 5.2 % |
| AT&T INC | 5.2 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 4.9 % |
| T-MOBILE US, INC. | 4.8 % |
| OMNICOM GROUP | 4.8 % |
| VERIZON COMMUNICATIONS INC | 4.7 % |
| LIVE NATION INC | 4.7 % |
| MATCH GROUP, INC. | 4.7 % |
| TKO GROUP HOLDINGS, INC. CLASS A | 4.6 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 448 |
| Wgt avg mkt cap (mns) | $217,917 |
| Large cap (>$10bn) | 81.6% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 101.4 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.5% | 13.6% | 8.9% | -5.7% | 6.4% | -- | 5.8% | Volatility | 13.4% | 14.2% | 20.5% | 20.3% | 22.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 71% |
| MSCI EAFE | 1.00 | 72% |
| MSCI Emg Mkts | 0.79 | 44% |
Liquidity Measures
| Avg. volume (000) | 15 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $12,462 |
Technical Indicators
| Recent close | $32.28 |
| 30d moving avg. | $31.38 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 5.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RSPC |
Expenses vs. RSPC |
ALTAR Score™ vs. RSPC |
|---|---|---|---|---|
| XLC | Communication Services Select Sector SPDR Fund | 63.9% | -31 bp | -0.8% |
| FCOM | Fidelity MSCI Communication Services Index ETF | 47.6% | -32 bp | -2.1% |
| VOX | Vanguard Communication Services ETF | 46.4% | -30 bp | -2.2% |
| IXP | iShares Global Comm Services ETF | 37.0% | +2 bp | -1.7% |
| IYZ | iShares U.S. Telecommunications ETF | 27.0% | 0 bp | +0.9% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 19.9% | +30 bp | -9.8% |
| XTL | SPDR S&P Telecom ETF | 17.5% | -5 bp | -1.8% |
| ACSI | American Customer Satisfaction ETF | 16.5% | +25 bp | -2.3% |
| FPAG | FPA Global Equity ETF | 15.8% | +9 bp | -1.3% |
| ITAN | Sparkline Intangible Value ETF | 15.0% | +10 bp | -0.7% |
Risk and Returns: RSPC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/19/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
RSPC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
RSPC
6.8%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 928 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. RSPC's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places RSPC in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RSPCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| RSPC (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RSPC | 40.0 | 26.7 | 66.7 |
| Peer Avg. | 46.8 | 17.4 | 64.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .