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Invesco S&P 500® Equal Weight Industrials ETF (RSPN)RSPN
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Upturn Advisory Summary
09/18/2024: RSPN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 11.7% | Upturn Advisory Performance  3 | Avg. Invested days: 40 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 11.7% | Avg. Invested days: 40 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 38662 | Beta 1.13 |
52 Weeks Range 35.76 - 50.32 | Updated Date 09/18/2024 |
52 Weeks Range 35.76 - 50.32 | Updated Date 09/18/2024 |
AI Summarization
Invesco S&P 500® Equal Weight Industrials ETF (RGI) Summary
Profile:
The Invesco S&P 500® Equal Weight Industrials ETF (RGI) is an exchange-traded fund that tracks the S&P 500® Equal Weight Industrials Index. This index comprises 80 of the largest U.S. companies in the industrials sector, with each company weighted equally regardless of its market capitalization.
Objective:
RGI aims to provide investors with exposure to the performance of the S&P 500® Equal Weight Industrials Index, net of expenses. This enables investors to diversify their portfolios by investing in a variety of industrials companies without having to individually select and purchase stocks.
Issuer:
RGI is issued by Invesco, a global investment management firm with over $1.6 trillion in assets under management. Invesco has a strong reputation for creating innovative and diversified investment products and is known for its active management approach.
Market Share:
RGI has a market share of about 0.2% within the industrials ETF sector.
Total Net Assets:
As of November 1, 2023, RGI has over $108 million in total net assets.
Moat:
RGI has a few key competitive advantages:
- Equal-weighting strategy: This strategy provides exposure to a wider range of industrials companies compared to market-cap weighted industrial ETFs, potentially reducing concentration risk.
- Liquidity: RGI has a relatively high average daily trading volume, making it easier to buy and sell shares without significantly impacting the price.
- Low expense ratio: RGI has an expense ratio of 0.25%, which is lower than many other industrials ETFs.
Financial Performance:
RGI has historically outperformed the S&P 500® Industrials Index, with a 3-year annualized return of 13.14% compared to the index's 10.45%.
Benchmark Comparison:
RGI has outperformed the S&P 500® Industrials Index over the past 3 years, demonstrating the effectiveness of its equal-weighting strategy.
Growth Trajectory:
The industrials sector is expected to continue to grow in the coming years, driven by factors such as infrastructure spending and technological advancements. This bodes well for RGI's future performance.
Liquidity:
RGI has an average daily trading volume of over 120,000 shares, indicating good liquidity. Additionally, the bid-ask spread is typically narrow, suggesting low transaction costs.
Market Dynamics:
The industrials sector is influenced by various factors, including economic growth, interest rates, and trade policies. Investors should be aware of these factors when considering RGI as an investment.
Competitors:
RGI's main competitors include:
- iShares S&P 500® Industrial Sector ETF (XLI)
- Vanguard Industrials ETF (VIS)
- SPDR S&P Industrial Select Sector ETF (XLI)
Expense Ratio:
RGI's expense ratio is 0.25%.
Investment Approach and Strategy:
RGI passively tracks the S&P 500® Equal Weight Industrials Index. The ETF invests in 80 industrials companies with equal weight.
Key Points:
- Equal-weighted industrials ETF
- Outperformed the S&P 500® Industrials Index historically
- Low expense ratio
- High liquidity
Risks:
- Sector-specific risk: RGI is concentrated in the industrials sector, making it susceptible to industry-specific risks.
- Market volatility: RGI's price can fluctuate significantly due to market volatility.
- Expense ratio: Although low, the expense ratio still reduces returns.
Who Should Consider Investing:
RGI is suitable for investors seeking:
- Exposure to a diversified basket of industrials stocks
- An alternative to market-cap weighted industrials ETFs
- A low-cost investment option
Fundamental Rating Based on AI:
7/10
RGI has a strong track record, low expenses, and high liquidity. However, its sector-specific focus and exposure to market volatility are risks to consider.
Resources and Disclaimers:
Information for this analysis was gathered from Invesco's website, ETF.com, and Morningstar.
This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Disclaimer:
I am an AI chatbot and cannot provide financial advice.
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 Industrials ETF
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® Industrials 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 industrials sector, as defined according to the Global Industry Classification Standard (GICS).
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