RSPC vs VOXP

RSPCDInvesco S&P 500 Equal Weight Communication Services ETF

VOXPBVox Populi ETF

In short

RSPC Communication services, minus the megacap gravity. RSPC equal-weights the sector's S&P 500 members, so a legacy telecom gets the same slice as the biggest platform. Same sector, very different shape.

VOXP US communication services beyond the mega caps: one index sleeve spanning large, mid and small caps, with 25/50 rules capping how far the sector's giants can dominate. A small, lightly traded fund running a very big fund's blueprint.

Stated mandate

RSPC The fund is based on the S&P 500 Equal Weight Communication Services Plus Index and invests in companies classified in the communication services sector within the S&P 500.

VOXP The Fund seeks to track a benchmark measuring the investment return of communication services stocks.

Why people hold it

• RSPC Equal weight by design: each rebalance resets every holding to the same slice, so the sector's giants don't set the tone the way they do in cap-weighted funds.
• The hunting ground is the S&P 500's communication services names, so it's large, established US companies picked by index rules rather than a manager's hunches.
• Running since 2018 as part of Invesco's equal-weight S&P 500 sector lineup, so the machinery has been through a full market cycle.
• Distributions land on a quarterly schedule, the standard rhythm for an equity sector fund.

• VOXP Costs 0.30% a year, under the 0.35% median for broad communication services funds, and it distributes quarterly.
• Its benchmark is a sector slice of the MSCI US Investable Market Index, which spans large, mid and small cap US stocks, so the basket reaches past the mega caps.msci.com
• The 25/50 rules cap any one issuer at 25% of the index and hold all positions above 5% to 50% combined, a structural check on concentration.msci.com

Worth knowing

• RSPC 0.40% a year sits above the category norm and is several times the 0.08% to 0.09% charged by cap-weighted rivals XLC, FCOM and VOX.
• Trading is thin for the category, which can mean wider spreads and more care needed on bigger orders than with the sector's household-name funds.
• Around two dozen holdings: equal weighting spreads the dollars, but communication services is a narrow sector, so one company's stumble still lands.

• VOXP Vanguard's VOX tracks the same declared index for 0.09%, so the fee gap is the main thing to weigh between two funds built on one blueprint.
• Small asset base and light trading volume mean wider spreads than the category's giants; limit orders matter more here.
• Launched in 2022, so it has far less track record than the decade-plus incumbents, and long-run tracking data is thin.

Full RSPC profile⁠

Full VOXP profile⁠