Invesco S&P 500 Equal Weight Income Advantage ETF
$52.33−0.27 (−0.50%)
- Expense ratio
- 0.32%
- Fund size
- $1.2B
- 1Y return
- +13.6%
- Yield · Last 12 months
- 9.23%
- Holdings
- 520
- Volume · 30D
- 0.2M sh
- NAV per share
- $52.43
- 52W range
The ETF.net RSPA Grade
Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 84Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on RSPA
AMost S&P 500 income funds sell calls against the same megacap-heavy index. RSPA runs its overlay on the equal-weight version instead, so all 500 names carry similar weight, and it pays income monthly.
The fund seeks exposure to the S&P 500 Equal Weight Index while using an active option-income overlay. It is designed to generate consistent monthly income while retaining growth potential and lower volatility.
Why people hold it
- At 0.32% a year, it costs about half the typical S&P 500 options-income fund, and undercuts top-graded peers like BALI and GPIX.
- The equity sleeve spreads across roughly 500 S&P 500 members at similar weights, so no handful of megacaps sets the tone.invesco.com
- The call overlay is actively run rather than a fixed formula, with a stated aim of monthly income while leaving room for growth.invesco.com
- Sits among the strongest implementations in a crowded S&P 500 options-income group, and already carries a multi-billion-dollar asset base.
Worth knowing
- Selling calls funds the monthly income by giving up part of a strong rally, and equal weight can trail when the megacaps do the heavy lifting.
- Launched in 2024, so it has not yet seen a full market cycle and its risk read rests on a short history.
- Trading is moderate rather than heavy next to the biggest names in the category.
RSPA Holdings
- Stocks
- 520
- 24%
- Invesco Premier US Government Money Portfolio
Sectors
- Technology17.4%
- Industrials14.7%
- Financials14.6%
- Health Care13.1%
- Consumer Discr.10.6%
- Cons. Staples6.4%
- Utilities5.6%
- Real Estate5.5%
- Energy4.4%
- Materials4.0%
- Communication3.9%
Geography
- United States95.73%
- Ireland2.03%
- Switzerland0.77%
- United Kingdom0.56%
- Netherlands0.34%
- Singapore0.20%
- Bermuda0.20%
- Canada0.16%
RSPA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RSPA |
|---|---|
| Year to date | +10.7% |
| 1 month | −2.6% |
| 3 months | +1.6% |
| 1 year | +13.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RSPA |
|---|---|---|
| 2026 YTD | +10.7% | |
| 2025 | +11.0% | |
| 2024 | +3.7% |
RSPA in the news
ETF.net Research hasn’t filed on RSPA yet — coverage lands here as it’s written.
RSPA Dividends
- 9.23%
- $4.85
- $0.41 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.41 |
| Aug 24, 2026 | Aug 28, 2026 | $0.43 |
| Jul 20, 2026 | Jul 24, 2026 | $0.42 |
| Jun 22, 2026 | Jun 26, 2026 | $0.41 |
| May 18, 2026 | May 22, 2026 | $0.40 |
| Apr 20, 2026 | Apr 24, 2026 | $0.40 |
| Mar 23, 2026 | Mar 27, 2026 | $0.39 |
| Feb 23, 2026 | Feb 27, 2026 | $0.41 |
| Jan 20, 2026 | Jan 23, 2026 | $0.41 |
| Dec 22, 2025 | Dec 26, 2025 | $0.40 |
| Nov 24, 2025 | Nov 28, 2025 | $0.39 |
| Oct 20, 2025 | Oct 24, 2025 | $0.39 |
RSPA Risk
- 8.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RSPA Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
9 of the 51 S&P 500 Option Income funds charge less.