At a glance
RSPC charges 0.4% a year, above the 0.36% average of the 8 funds most like it (the 4th cheapest of 9). It has $55.8M in assets, the 8th largest of that group; it paid 1.2% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −13.1% with distributions reinvested (S&P 500: +11.5%), 8th of those 9 funds; over three years it returned +12.1% a year. Its ten largest positions make up 49.2% of the fund, out of 25 in all.
The short version
Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an index fund that owns every communication services stock in the S&P 500 and gives each one the same weight at every quarterly rebalance. So Roku and the New York Times count about as much as Meta Platforms or AT&T. That approach costs more: the expense ratio is 0.40%, compared with 0.08% for XLC and 0.09% for VOX.
Price history
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RSPC -13.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| RSPC official prospectus, to Dec 31, 2025 | — | +18.32% | — | +5.99% | — | +7.84% |
| RSPC price data to Oct 27, 2026 | -13.4% | -13.1% | +12.1% | — | — | +7.8% |
- Over the year to Oct 27, 2026, RSPC returned -13.1%, 8th of 9 among similar funds.
- Its worst full calendar year was 2024 (+18.0%); its best was 2025 (+18.4%).
- The deepest fall in its price history was 16.1% (Sep 30, 2025 to Oct 27, 2026), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -13.4% | — |
| 2025 | +18.4% | +18.32% |
| 2024 | +18.0% | +18.20% |
| 2023 | — | +17.60% |
| 2022 | — | -28.91% |
| 2021 | — | +14.40% |
| 2020 | — | +22.42% |
| 2019 | — | +21.57% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 7, 2023 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Jun 7, 2023 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.2800 | |
| 2025 | $0.6600 | +88.6% |
| 2024 | $0.3500 |
What's inside
As of Jul 31, 2026, the fund held 25 securities; the ten largest made up 49.17% of assets. It also reported 14.08% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Roku, Inc. | 5.75% | |
| Take-Two Interactive Software, Inc. | 5.35% | |
| Omnicom Group Inc. | 4.93% | |
| Charter Communications, Inc. | 4.88% | |
| Live Nation Entertainment, Inc. | 4.82% | |
| Electronic Arts Inc. | 4.79% | |
| New York Times Co. (The) | 4.75% | |
| Warner Bros. Discovery, Inc. | 4.65% | |
| AT&T Inc. | 4.64% | |
| Comcast Corp. | 4.63% | |
| Verizon Communications Inc. | 4.62% | |
| Walt Disney Co. (The) | 4.52% | |
| Meta Platforms, Inc. | 4.52% | |
| Trade Desk, Inc. (The) | 4.33% | |
| T-Mobile US, Inc. | 4.31% |
By country
United States 99.89%By asset type
Stocks 99.89%By sector
Sectors of the companies held, for the 64.1% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $4.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.95%, -5.93%, +0.68%.
How it works
RSPC tracks the S&P 500 Equal Weight Communication Services Plus Index, which S&P Dow Jones Indices builds and maintains. The index takes every S&P 500 company in the communication services sector. That sector covers telecom carriers, media, entertainment and interactive media companies such as social networks and search. Most sector funds weight companies by market value, which is the total worth of their shares. This index does something different: it gives every company the same weight at each quarterly rebalance. Between rebalances, the stocks that rise grow into a bigger share of the fund until the next reset.
The index must hold at least 22 companies. If the S&P 500 has fewer eligible companies at a rebalance, the index adds the largest communication services companies from the S&P MidCap 400 until it reaches 22. As of June 30, 2026, the index had 25 companies, with market values from $5.17 billion to $2.1 trillion.
The fund usually holds every stock in the index at its index weight. This is called full replication. It may instead use sampling, holding a representative subset, and put a small portion in other funds. The fund is "non-diversified," so it can hold larger stakes in fewer companies than a diversified fund can. Portfolio turnover was 38%, a measure of how much of the portfolio was traded over the year.
What it really costs
- RSPC charges 0.4% a year, versus an average of 0.36% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $41 in the first year and $505 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| RSPC | $41 | $128 | $224 | $505 |
In a retirement portfolio
It is a single-sector, non-diversified fund with past losses steep enough that it may fit better as a small add-on than as a foundation.
RSPC tilts the communication services sector away from the giants and toward midsize media, gaming and telecom names. It has swung hard. The fund launched in 2018, so it did not go through 2008. It lost 22.47% in the first quarter of 2020, then gained 22.13% the next quarter. In 2022, its worst calendar year, it fell 28.91%. In the price history, it fell 16.1% from its September 30, 2025 peak through October 27, 2026, and it had not recovered by that date. Anyone who has to sell in a stretch like that locks in the loss. The trailing yield was 1.2% as of October 27, 2026, paid quarterly. Costs are 0.40% a year, or $41 in year one on $10,000 under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want communication services exposure where Meta, Comcast or Verizon each start at roughly the same weight as Roku or Take-Two.
- Holders of S&P 500 or XLC-style funds who want less dependence on the sector's largest companies and more weight in midsize media and gaming stocks.
- People comfortable holding a 25-company, non-diversified sector fund as a small slice beside broader holdings.
Look elsewhere if
- Cost-focused investors: the 0.40% expense ratio compares with 0.08% for XLC and 0.09% for VOX.
- Anyone who needs meaningful income: the trailing yield was 1.2% as of October 27, 2026.
- Those who can't stomach big drops, such as the 28.91% loss in 2022 or the 22.47% drop in early 2020.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| RSPC this fund | — | 0.4% | $55.8M | -13.1% | +12.1% |
| XLC Communication Services Select Sector SPDR F… | 65% | 0.08% | $22.26B | -11.5% | +17.1% |
| FCOM Fidelity MSCI Communication Services Index … | 51% | 0.084% | $1.73B | -5.8% | +22.1% |
| VOX Vanguard Communication Services ETF | 47% | 0.09% | $5.93B | -5.5% | +22.2% |
| IXP iShares Global Comm Services ETF | 38% | 0.41% | $518.8M | -10.2% | +20.9% |
| BNGE First Trust S-Network Streaming and Gaming … | 27% | 0.7% | $4.6M | -20.8% | +17.2% |
| IYZ iShares U.S. Telecommunications ETF | 24% | 0.4% | $1.24B | +22.4% | +28.4% |
| CAPE DoubleLine Shiller CAPE U.S. Equities ETF | 23% | 0.65% | $238.4M | -0.5% | +13.5% |
Questions investors ask
What's the difference between RSPC and XLC?
The main differences are weighting and cost. Both hold S&P 500 communication services stocks, and their holdings overlap by about 65%. XLC weights companies by size, so the largest names dominate. RSPC gives each company an equal weight at every quarterly rebalance. XLC charges 0.08% a year, compared with RSPC's 0.40%. XLC's three-year annualized return was 17.1% as of October 30, 2026. RSPC's was 12.1% as of October 27, 2026.
Does RSPC pay dividends?
Yes. RSPC pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.41 per share, a yield of about 1.2%. That income comes from the dividends of the stocks it holds, such as AT&T, Verizon and Comcast. Many of its media, gaming and internet companies pay little or nothing, so the fund is built more for sector exposure than for steady income.
What are RSPC's top holdings?
As of July 31, 2026, the largest positions were Roku (5.7%), Take-Two Interactive (5.3%), Omnicom (4.9%), Charter Communications (4.9%) and Live Nation Entertainment (4.8%). Next came Electronic Arts, the New York Times, Warner Bros. Discovery, AT&T and Comcast. Because the index resets to equal weights each quarter, the top ten made up only about 49% of the fund. Meta Platforms was about 4.5%.
How has RSPC performed?
RSPC's results have been mixed. As of December 31, 2025, its average annual return was 18.32% over one year, 5.99% over five years and 7.84% since its 2018 launch. Its calendar-year results ranged from a 22.42% gain in 2020 to a 28.91% loss in 2022. In 2026, it was down 13.4% for the year through October 27, a partial year, and down 16.1% from its September 2025 peak.
Why is RSPC's expense ratio higher than VOX?
RSPC charges 0.40% a year, compared with 0.09% for Vanguard's VOX, and part of the gap comes from the extra work its strategy requires. Resetting to equal weights every quarter means more trading, and portfolio turnover was 38%. RSPC is also much smaller, with $55.8 million in net assets as of July 31, 2026. Under the SEC's standard $10,000 example, RSPC would cost about $505 over 10 years.