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Upturn AI SWOT - About
Invesco S&P 500 Equal Weight Communication Services ETF (RSPC)
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Upturn Advisory Summary
03/27/2025: RSPC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -5.54% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 6093 | Beta 1.14 | 52 Weeks Range 27.59 - 36.74 | Updated Date 03/27/2025 |
52 Weeks Range 27.59 - 36.74 | Updated Date 03/27/2025 |
Upturn AI SWOT
Invesco S&P 500 Equal Weight Communication Services ETF
ETF Overview
Overview
The Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) seeks to provide investment results that correspond generally to the price and yield of the S&P 500 Equal Weight Communication Services Plus Index. It focuses on the communication services sector of the S&P 500, using an equal-weighting strategy to mitigate concentration risk.
Reputation and Reliability
Invesco is a well-established global investment management firm with a long track record. They are known for offering a diverse range of ETF products.
Management Expertise
Invesco has a dedicated team of investment professionals experienced in managing ETFs and tracking indices.
Investment Objective
Goal
To track the investment results of the S&P 500 Equal Weight Communication Services Plus Index.
Investment Approach and Strategy
Strategy: Tracks the S&P 500 Equal Weight Communication Services Plus Index.
Composition Primarily holds stocks of communication services companies within the S&P 500, equally weighted.
Market Position
Market Share: EWCO holds a smaller market share compared to broad communication services ETFs due to its equal weighting strategy.
Total Net Assets (AUM): 62.36
Competitors
Key Competitors
- Communication Services Select Sector SPDR Fund (XLC)
- Vanguard Communication Services ETF (VOX)
- iShares U.S. Telecommunications ETF (IYZ)
Competitive Landscape
The communication services ETF market is dominated by market-cap weighted ETFs like XLC and VOX. EWCO's equal-weight strategy offers diversification benefits by preventing concentration in larger companies but may underperform during periods when larger companies outperform. IYZ focuses on telecommunications, making it a slightly different segment.
Financial Performance
Historical Performance: Past performance is not indicative of future results. Data should be collected from Invesco's website or financial data providers.
Benchmark Comparison: The ETF's performance should be compared to the S&P 500 Equal Weight Communication Services Plus Index.
Expense Ratio: 0.4
Liquidity
Average Trading Volume
EWCO's average trading volume is moderate, which could affect order execution, especially for larger trades.
Bid-Ask Spread
The bid-ask spread may fluctuate based on market conditions and trading volume, potentially impacting transaction costs.
Market Dynamics
Market Environment Factors
Economic conditions, interest rates, and regulatory changes affecting the communication services sector can impact EWCO's performance.
Growth Trajectory
Growth trends in the communication services sector, including advancements in technology and evolving consumer behavior, are key influences.
Moat and Competitive Advantages
Competitive Edge
EWCO's equal-weight strategy differentiates it from market-cap weighted ETFs, potentially offering diversification benefits and reduced concentration risk. It provides exposure to a broader range of communication services companies, including smaller firms that may be underrepresented in market-cap weighted indices. However, this equal-weighting approach may lead to higher turnover and potentially higher transaction costs. The fund is a useful tool for investors seeking equal representation from all the companies in the index.
Risk Analysis
Volatility
Volatility is inherent to the communication services sector and can be amplified by the equal-weight strategy.
Market Risk
EWCO is subject to market risk, including fluctuations in stock prices and sector-specific risks related to the communication services industry.
Investor Profile
Ideal Investor Profile
Investors seeking diversified exposure to the communication services sector and willing to accept potentially higher volatility may find EWCO suitable.
Market Risk
Suitable for long-term investors seeking sector-specific exposure and diversification within the communication services industry.
Summary
The Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) offers a distinct investment strategy by equally weighting communication services companies within the S&P 500. This approach differentiates it from market-cap weighted ETFs, potentially reducing concentration risk and providing broader exposure. However, it may also lead to higher volatility and different performance characteristics. Investors should consider their risk tolerance and investment objectives when evaluating EWCO. Its focus on equal representation within the sector can be beneficial for those seeking diversification.
Similar Companies
- XLC
- VOX
- FCOM
- IXP
- IYZ
Sources and Disclaimers
Data Sources:
- Invesco Official Website
- Morningstar
- ETFdb.com
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco S&P 500 Equal Weight Communication Services ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Communication Services Index. The Parent Index is designed to measure the performance of common stocks of all companies included in the S&P 500® Index that are classified as members of the communication services sector, as defined according to the GICS®, with a 22 company minimum count at each quarterly rebalance. It is non-diversified.
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