RSPA

Invesco S&P 500 Equal Weight Income Advantage ETF

SPYIssuer: InvescoInception: January 1, 2022

6.4

Overall Score

Strategy & Profile

S&P 500 Equal Weight Income Advantage. Equal-weight S&P 500 (RSP) with active options overlay for monthly income. Less concentrated than market-cap weighted peers.

TTM Yield: ~7.8%

Strengths

  • ✓Equal weighting reduces mega-cap concentration risk
  • ✓Lower correlation to SPY than most peers
  • ✓Invesco institutional backing

Weaknesses

  • ✗Equal weight underperforms in mega-cap driven rallies
  • ✗Shorter track record (July 2024)

Investor Profile

Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions

Verdict

Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.

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Key Metrics

Expense Ratio

0.390%

Inception Date

January 1, 2022

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

4/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.