IYW vs RSPT: Grades, Fees and Holdings Compared

iShares U.S. Technology ETF

IYWBNYSE Arca

Invesco S&P 500 Equal Weight Technology ETF

RSPTBNYSE Arca

Overlap

35.8%by weight

Expense ratio

IYW −0.03pt a year

IYW0.37%RSPT0.40%

Avg volume · 30D

RSPT 1.1×the volume

IYW609KRSPT689K

10Y return · a year

IYW +3.5pt

IYW+24.1%RSPT+20.6%

IYW vs RSPT Performance

Oct 29, 2021 – Oct 30, 2026

+123.2%IYW+111.8%RSPT

Expense ratio: IYW 0.37%, better; RSPT 0.40%
Fund size: IYW $23.8B; RSPT $5.94B
1Y total return: IYW +16.8%; RSPT +35.4%, better
Yield (12M): IYW 0.10%; RSPT 0.24%, better
Holdings: IYW 150; RSPT 78
Avg volume (30D): IYW 609K sh; RSPT 689K sh, better
NAV per share: IYW $242.61; RSPT $62.97
52W range

ETF.net Grade

Pillar letters and Scores for IYW, RSPT, with each pillar’s weight
Pillar	IYW	RSPT
Cost30% weight	B65Higher	C54
Mission25% weight	A83	Not scored
Risk15% weight	B67	A81Higher
Tradability15% weight	A89Higher	B69
Holdings10% weight	F14	A88Higher
Durability5% weight	A83Higher	A74

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. IYW and RSPT are both graded against the same 23 Technology (Broad) funds, so their Grades compare head to head.

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

RSPT ranks 4th and IYW 5th of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 82
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 78
Rank 3AVGTVanguard Information Technology ETFScore 71
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68
Rank 5BIGMiShares Expanded Tech Sector ETFScore 64
Rank 5BIYWiShares U.S. Technology ETFScore 64
Rank 5BXNTKState Street SPDR NYSE Technology ETFScore 64

Our read on each fund

ETF.net Research

IYWBiShares U.S. Technology ETF

RSPTBInvesco S&P 500 Equal Weight Technology ETF

In short

IYW Most tech ETFs follow GICS and leave the big ad platforms out of the sector. IYW tracks a Russell index built on ICB rules, where there is no communication services bucket, so internet-ad giants count as tech. Listed in 2000, 0.37%, below the category median.

RSPT Tech without the megacap gravity. RSPT hands each of the S&P 500's roughly 80 technology names the same slice and resets every quarter, so the sector's giants carry no more weight than its smaller names.

Stated mandate

IYW Under ordinary conditions, the Fund commits a minimum of 80% of its assets to equity securities issued by U.S. technology or technology-enabled companies.

RSPT The Fund is designed to follow the S&P 500 Equal Weight Information Technology Index, investing at least 90% of assets in index securities. The index equally weights information technology stocks from the S&P 500 and rebalances quarterly.

Why people hold it

IYW Russell's sector runs on ICB rules with no communication services bucket, so ad-driven platforms like Alphabet and Meta count as tech here, unlike in GICS-built XLK, VGT or FTEC.ishares.com lseg.com
The benchmark is capped by design: 22.5% ceiling on any single issuer, 45% combined for all names above 4.5%, trimmed at each quarterly rebalance.ishares.com
Listed in 2000 and now a multi-billion-dollar fund that trades actively, so getting in and out is rarely the expensive part.

RSPT Equal weight by design: about 80 S&P 500 tech stocks, one identical slice each, rebalanced quarterly. No single giant steers the fund.invesco.com
Running since 2006 and it hews closely to its index. A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
One of the stronger implementations in a crowded broad-tech aisle, with a plain index mandate and quarterly distributions.

Worth knowing

IYW At 0.37% it sits below the category median, but the index giants undercut it hard: XLK at 0.08%, FTEC at 0.084%, VGT at 0.09%.
Top-heavy by construction: about 150 holdings, with caps reset only quarterly, so a few mega caps can drift above their reset weight between rebalances.
Distributions come quarterly, but income is not the job here; the mandate is a US technology sector view.

RSPT 0.40% a year lands mid-pack for tech sector funds but well above cap-weighted majors like VGT (0.09%), XLK (0.08%) and FTEC (0.08%).
Equal weighting leans on the sector's smaller members and the quarterly reset trims what ran up. Expect it to move to a different beat than cap-weighted tech.
Still a single-sector fund: everything inside is S&P 500 information technology, with the concentration that implies.

Full IYW profile⁠

Full RSPT profile⁠

IYW vs RSPT Holdings

How IYW and RSPT differ

Overlap by weight

35.8%

Shared holdings make up 86.5% of IYW and 79.9% of RSPT.

Level by level

Sector10 Sectors0.0%
Holdings60 in both35.8%
Countryby domicile97.7%
Asset classEquity100%

Sector

Sector weights in IYW and RSPT, widest gap first
Sector	More in IYWMore in RSPT	IYW	RSPT
Technology	RSPT +98.9 points	0.0%	98.9%
Semiconductors & Semiconductor Equipment	IYW +38.5 points	38.5%	0.0%
Software & Services	IYW +30.3 points	30.3%	0.0%
Tech Hardware & Equip	IYW +22.5 points	22.5%	0.0%
Media & Entertainment	IYW +7.8 points	7.8%	0.0%
Energy	RSPT +1.1 points	0.0%	1.1%
Commercial & Professional Services	IYW +0.4 points	0.4%	0.0%
Consumer Services	IYW +0.3 points	0.3%	0.0%
Financials	IYW +0.1 points	0.1%	0.0%
Consumer Staples Distribution & Retail	IYW +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IYW and RSPT, widest gap first
Country	More in IYWMore in RSPT	IYW	RSPT
United States	IYW +2.3 points	99.8%	97.5%
China	RSPT +1.4 points	0.0%	1.4%
Mexico	RSPT +0.9 points	0.2%	1.1%
Australia	IYW +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

IYW65.7%
RSPT16.8%

Securities held

IYW148
RSPT76

Asset class

IYW: Equity
RSPT: Equity

Holdings

Only in IYW88
In both60
Only in RSPT16

Only in IYW

88 securities, 13.5% of IYW by weight

Meta Platforms Class A3.17%
Alphabet Class A2.19%
Alphabet Class C1.78%
Snowflake0.54%
Cloudflare Class A0.47%
Doordash Class A0.35%
Applovin Class A0.29%
Strategy Inc Class A0.24%
Astera Labs0.21%
Okta Class A0.18%
Atlassian Corp Class A0.16%
Mongodb Class A0.14%
Zoom Communications Class A0.13%
Credo Technology Group Holding Ltd0.13%
Zscaler0.13%
Entegris Inc0.12%
Rubrik Class A0.10%
Td Synnex0.09%
Leidos Holdings0.09%
Nutanix Class A0.09%
Coreweave Class A0.09%
Dynatrace Inc0.09%
Ss and C Technologies Holdings0.09%
Macom Technology Solutions0.08%
Docusign0.08%
Toast Class A0.08%
Caci International Inc Class A0.08%
Samsara Class A0.08%
Manhattan Associates0.07%
Unity Software0.07%
Guidewire Software0.07%
Lattice Semiconductor0.07%
Reddit Class A0.07%
Bitmine Immersion Technologies0.06%
Semtech0.06%
Fabrinet0.06%
Hubspot0.06%
Ionq0.06%
Paycom Software0.06%
Arrow Electronics0.06%
Onto Innovation0.05%
Sitime0.05%
Match Group Inc0.05%
Pinterest Class A0.05%
Rambus0.05%
Elastic0.05%
Digitalocean Holdings0.05%
Maplebear0.05%
Ttm Technologies Inc0.04%
Gitlab Class A0.04%

Only in RSPT

16 securities, 20.1% of RSPT by weight

Accenture PLC1.83%
NXP Semiconductors NV1.55%
Trimble Inc1.48%
Teledyne Technologies Inc1.48%
Zebra Technologies Corp1.42%
TE Connectivity PLC1.42%
Motorola Solutions Inc1.39%
Ciena Corp1.34%
Keysight Technologies Inc1.30%
Cisco Systems Inc1.29%
Arista Networks Inc1.24%
Lumentum Holdings Inc1.21%
First Solar Inc1.13%
Seagate Technology Holdings PLC1.03%
Fair Isaac Corp0.94%
Invesco Government & Agency Portfolio0.02%

Weight gaps

All 60 Holdings in both funds, largest gap first.

Holding weights in IYW and RSPT, widest gap first
Holding	More in IYWMore in RSPT	IYW	RSPT
AppleAAPL	IYW +15.97 points	17.41%	1.44%
NVIDIANVDA	IYW +15.44 points	16.68%	1.24%
MicrosoftMSFT	IYW +12.16 points	13.56%	1.40%
Broadcom IncAVGO	IYW +1.93 points	3.16%	1.23%
PtcPTC	RSPT +1.86 points	0.11%	1.97%
GartnerIT	RSPT +1.65 points	0.08%	1.73%
Everpure Inc Class AP	RSPT +1.63 points	0.21%	1.84%
Micron TechnologyMU	IYW +1.56 points	2.74%	1.18%
Advanced Micro DevicesAMD	IYW +1.48 points	2.89%	1.41%
Skyworks SolutionsSWKS	RSPT +1.42 points	0.10%	1.52%
CdwCDW	RSPT +1.41 points	0.10%	1.51%
Godaddy Class AGDDY	RSPT +1.39 points	0.08%	1.47%
Tyler TechnologiesTYL	RSPT +1.34 points	0.08%	1.42%
Netapp IncNTAP	RSPT +1.34 points	0.20%	1.54%
Roper TechnologiesROP	RSPT +1.26 points	0.24%	1.50%
VerisignVRSN	RSPT +1.26 points	0.13%	1.39%
AutodeskADSK	RSPT +1.25 points	0.27%	1.52%
Cognizant Technology Solutions ClaCTSH	RSPT +1.25 points	0.15%	1.40%
On Semiconductor CorpON	RSPT +1.23 points	0.15%	1.38%
Microchip Technology IncMCHP	RSPT +1.24 points	0.21%	1.45%
SynopsysSNPS	RSPT +1.16 points	0.46%	1.62%
Workday Class AWDAY	RSPT +1.17 points	0.20%	1.37%
Gen DigitalGEN	RSPT +1.15 points	0.08%	1.23%
Qnity ElectronicsQ	RSPT +1.14 points	0.13%	1.27%
Hp IncHPQ	RSPT +1.14 points	0.14%	1.28%
Datadog Inc Class ADDOG	RSPT +1.14 points	0.40%	1.54%
Akamai Technologies IncAKAM	RSPT +1.10 points	0.07%	1.17%
Cadence Design SystemsCDNS	RSPT +1.10 points	0.47%	1.57%
F5FFIV	RSPT +1.07 points	0.10%	1.17%
Super Micro Computer IncSMCI	RSPT +1.05 points	0.10%	1.15%
JabilJBL	RSPT +1.05 points	0.15%	1.20%
Twilio Class ATWLO	RSPT +1.00 points	0.16%	1.16%
Monolithic Power Systems IncMPWR	RSPT +1.00 points	0.30%	1.30%
Hewlett Packard EnterpriseHPE	RSPT +0.92 points	0.38%	1.30%
Flex LtdFLEX	RSPT +0.90 points	0.17%	1.07%
IntuitINTU	RSPT +0.89 points	0.48%	1.37%
CoherentCOHR	RSPT +0.81 points	0.21%	1.02%
TeradyneTER	RSPT +0.78 points	0.22%	1.00%
Adobe IncADBE	RSPT +0.75 points	0.52%	1.27%
FortinetFTNT	RSPT +0.72 points	0.43%	1.15%
Palantir Technologies Class APLTR	IYW +0.62 points	2.13%	1.51%
ServicenowNOW	RSPT +0.53 points	0.56%	1.09%
Lam ResearchLRCX	IYW +0.51 points	1.56%	1.05%
Dell Technologies Inc Class CDELL	RSPT +0.49 points	0.67%	1.16%
CorningGLW	RSPT +0.49 points	0.51%	1.00%
Analog DevicesADI	RSPT +0.48 points	1.06%	1.54%
QualcommQCOM	RSPT +0.46 points	0.91%	1.37%
Applied Material IncAMAT	IYW +0.44 points	1.61%	1.17%
Intel CorporationINTC	IYW +0.44 points	1.57%	1.13%
Western Digital CorpWDC	RSPT +0.41 points	0.66%	1.07%
Crowdstrike Holdings Class ACRWD	RSPT +0.32 points	1.31%	1.63%
Marvell TechnologyMRVL	RSPT +0.32 points	0.89%	1.21%
Amphenol Corp Class AAPH	RSPT +0.29 points	1.02%	1.31%
SalesforceCRM	RSPT +0.28 points	0.95%	1.23%
International Business Machines CoIBM	RSPT +0.13 points	1.27%	1.40%
Texas InstrumentTXN	RSPT +0.13 points	1.43%	1.56%
KlaKLAC	RSPT +0.11 points	1.08%	1.19%
SandiskSNDK	RSPT +0.11 points	0.87%	0.98%
Palo Alto NetworksPANW	IYW +0.06 points	1.54%	1.48%
OracleORCL	IYW +0.05 points	1.17%	1.12%

All 148 IYW holdings⁠All 76 RSPT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IYW vs RSPT Cost

Overpaying RSPT vs IYW

$577

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IYW 0.37%
$7,513
RSPT 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

IYW 0.37%
RSPT 0.40%
Overpaying

Year by year

Year	IYW	RSPT	Overpaying
10	$670	$723	$53
20	$2,590	$2,793	$203
30	$7,513	$8,090	$577

Expense ratio

0.37%IYW, cheaper
0.40%RSPT

IYW0.37%RSPT0.40%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

IYW 7th cheapest of 23 funds

RSPT 11th cheapest of 23 funds

IYW vs RSPT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IYW 0.10%; RSPT 0.24%, better
Payout (12M): IYW $0.25; RSPT $0.15
Last payment: IYW $0.05; RSPT $0.03
Ex-dividend: IYW Sep 15, 2026; RSPT Sep 21, 2026
Paid on: IYW Sep 18, 2026; RSPT Sep 25, 2026
Frequency: IYW Quarterly; RSPT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IYWQuarterly · 39 paymentsAll IYW payments⁠

RSPTQuarterly · 39 paymentsAll RSPT payments⁠

IYW vs RSPT Risk

Fall from peak · 5 years

IYW
RSPT

Risk facts

VolatilityStd dev, 3 years: IYW 22.8%RSPT 22.0%, better
Return per unit of riskSharpe ratio, 3 years: IYW 1.18RSPT 1.23, better
Worst fallMax drawdown, 5 years: IYW −39.4%RSPT −32.5%, better
Market sensitivityBeta, 5 years: IYW 1.35RSPT 1.53; Market = 1

IYW and RSPT in the news

All news⁠

Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026RSPT
Category Review
The pricier equal-weight technology fund led the cap-weighted one by 11.6 percentage points
Updated Oct 9, 2026RSPT
Deep Dive
An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points
Sep 28, 2026RSPT
Deep Dive
Cybersecurity paid for tech's week. The AI funds did not
Sep 19, 2026RSPT
Deep Dive
Software funds fall 2.9% as application names are marked down
Sep 12, 2026RSPT
Deep Dive
Chip funds rose 2.5% as software ETFs fell 4.5%
Sep 5, 2026RSPT

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IYW vs RSPT

In short

Stated mandate

Why people hold it