Invesco S&P 500 Equal Weight Income Advantage ETF
$52.74+0.04 (+0.08%)
- 0.32%
- $1.2B
- +15.3%
- 9.21%
- 0.2M sh
- $52.53
- low $49.03high $55.16
The ETF.net RSPA Grade
A
Score 71 out of 100
- 11 of 52
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A84 out of 100Rank 8 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 19 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 21 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 5 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 10 of 52
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
- 521
- 23%
- Invesco Premier US Government Money Portfolio
Sectors
- Technology18.0%
- Industrials15.2%
- Financials13.5%
- Health Care12.6%
- Consumer Discretionary10.7%
- Consumer Staples6.3%
- Utilities5.9%
- Real Estate5.8%
- Communication4.0%
- Energy4.0%
- Materials3.9%
Geography
- United States95.62%
- Ireland2.05%
- Switzerland0.79%
- United Kingdom0.58%
- Netherlands0.39%
- Bermuda0.20%
- Canada0.19%
- Singapore0.17%
RSPA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
RSPA$11,534
Returns run to the Oct 12, 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 | +10.9% |
| 1 month | −0.2% |
| 3 months | +0.1% |
| 1 year | +15.3% |
| 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 | +10.9% | |
| 2025 | +11.0% | |
| 2024 | +3.7% |
RSPA in the news
RSPA Dividends
- 9.21%
- $4.85
- $0.41 per share
- Monthly
Distribution history
RSPA Risk
- 9.3%
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.
- 0.68
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.
- 0.58
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
0.32%
RSPA0.32%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
8 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- APHEQParametric Hedged Equity ETFExpense ratio 0.29%1 year return +14.3%
- ATPUTT. Rowe Price Capital Appreciation Market Opportunities ETFExpense ratio 0.25%1 year return —
- AXYLGGlobal X S&P 500 Covered Call & Growth ETFExpense ratio 0.35%1 year return +20.3%
- ASPYINeos S&P 500(R) High Income ETFExpense ratio 0.68%1 year return +18.6%
- BPAPIParametric Equity Premium Income ETFExpense ratio 0.29%1 year return +14.6%