At a glance
RSPD charges 0.4% a year, above the 0.31% average of the 7 funds most like it (the 5th cheapest of 8). It has $328.9M in assets, the 5th largest of that group; it paid 0.94% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −4.9% with distributions reinvested (S&P 500: +11.5%), 6th of those 8 funds; over three years it returned +13.3% a year. Its ten largest positions make up 24.9% of the fund, out of 47 in all.
The short version
Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) tracks the S&P 500 Equal Weight Consumer Discretionary Index. It holds about 47 S&P 500 consumer companies, and each one gets roughly the same weight. As of July 31, 2026, Amazon made up about 2.3% of the fund, close to Hasbro and Best Buy. The trade-off is cost: 0.40% a year, compared with 0.08% to 0.09% for XLY, FDIS and VCR.
Price history
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RSPD -4.9% 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 | |
|---|---|---|---|---|---|---|
| RSPD official prospectus, to Dec 31, 2025 | — | +7.97% | — | +7.97% | +8.59% | — |
| RSPD price data to Oct 27, 2026 | -4.1% | -4.9% | +13.3% | — | — | +8.0% |
- Over the year to Oct 27, 2026, RSPD returned -4.9%, 6th of 8 among similar funds.
- Its worst full calendar year was 2025 (+8.0%); its best was 2024 (+13.3%).
- The deepest fall in its price history was 21% (Dec 11, 2024 to Apr 8, 2025), recovered by Jul 10, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -4.1% | — |
| 2025 | +8.0% | +7.97% |
| 2024 | +13.3% | +13.36% |
| 2023 | — | +22.54% |
| 2022 | — | -24.04% |
| 2021 | — | +28.74% |
| 2020 | — | +11.31% |
| 2019 | — | +25.94% |
| 2018 | — | -8.48% |
| 2017 | — | +14.69% |
| 2016 | — | +5.64% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jun 7, 2023 |
|---|---|
| 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) | $0.3900 | |
| 2025 | $0.6200 | +40.9% |
| 2024 | $0.4400 |
What's inside
As of Jul 31, 2026, the fund held 47 securities; the ten largest made up 24.86% of assets.
| Holding | Weight | |
|---|---|---|
| Expedia Group, Inc. | 2.73% | |
| DoorDash, Inc. | 2.64% | |
| Garmin Ltd. | 2.58% | |
| Genuine Parts Co. | 2.57% | |
| Chipotle Mexican Grill, Inc. | 2.48% | |
| Booking Holdings Inc. | 2.44% | |
| Royal Caribbean Cruises Ltd. | 2.41% | |
| Airbnb, Inc. | 2.38% | |
| Hasbro, Inc. | 2.32% | |
| Amazon.com, Inc. | 2.32% | |
| Best Buy Co., Inc. | 2.32% | |
| General Motors Co. | 2.27% | |
| Williams-Sonoma, Inc. | 2.24% | |
| Domino's Pizza, Inc. | 2.24% | |
| Ulta Beauty, Inc. | 2.21% |
By country
United States 89%Bermuda 4.27%Switzerland 2.58%Liberia 2.41%Jersey 1.76%By asset type
Stocks 100.01%By sector
Sectors of the companies held, for the 60.3% 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 added a net $43.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.16%, +1.56%, +1.39%.
How it works
RSPD is an Invesco index fund that tracks the S&P 500 Equal Weight Consumer Discretionary Index, compiled by S&P Dow Jones Indices. The index holds every S&P 500 company in the consumer discretionary sector under the Global Industry Classification Standard (GICS), a widely used industry-sorting system. That means makers of cars, auto parts, household durables, leisure products and apparel, plus hotels, restaurants and retailers of nonessential goods. As of June 30, 2026, it had 47 members, with market values from $9.7 billion to $2.6 trillion.
Unlike the S&P 500 itself, which weights companies by market value, this index gives every member the same weight at each quarterly rebalance. Between resets, winners' weights grow and losers' shrink. As of July 31, 2026, the largest positions were Expedia (2.7%), DoorDash (2.6%) and Garmin (2.6%), while Amazon was just 2.3%. The top 10 made up about 25% of assets.
The fund uses full replication, meaning it generally owns every index stock at its index weight. Under normal conditions, at least 80% of net assets must sit in index stocks or similar investments. It held no derivatives, such as futures or swaps, as of July 31, 2026. Each quarterly reset trims recent winners and adds to laggards; the prospectus lists portfolio turnover, a measure of trading, of 27%.
What it really costs
- RSPD charges 0.4% a year, versus an average of 0.31% for the similar funds below (5th of 8, 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 |
|---|---|---|---|---|
| RSPD | $41 | $128 | $224 | $505 |
In a retirement portfolio
It holds a single economically sensitive sector that has had sharp losses, so it fits better as a small add-on than as a foundation.
RSPD could add a slice of US consumer spending, such as travel, restaurants, retailers and carmakers, without leaning heavily on any one giant. It rises and falls hard with the economy. Its worst quarter was a 39.3% drop in early 2020, although it finished 2020 up 11.3%. It lost 24.0% in 2022, its worst calendar year from 2016 through 2025. This page has no price history covering 2008. From December 11, 2024, to April 8, 2025, it fell 21%, then recovered by July 10, 2025, about three months later. Someone who had to sell during a slide like that would lock in the loss. Income is small: the yield was 0.94% as of October 27, 2026, paid quarterly. The fee is 0.40% a year, or $505 over 10 years on $10,000 in 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 consumer discretionary exposure where Amazon weighs about as much as Hasbro, roughly 2.3% each as of July 31, 2026.
- People seeking a small tilt toward travel, restaurant and retail names such as Expedia, Booking, Chipotle and Royal Caribbean.
- Investors who can hold through deep drops, like the 24.0% loss in 2022 and the 39.3% fall in early 2020.
Look elsewhere if
- Cost-focused investors: the 0.40% fee is five times XLY's 0.08% and above the 0.31% average for similar funds.
- Anyone who needs meaningful income: the trailing yield was 0.94% as of October 27, 2026.
- People who want broad diversification or steadier value in downturns: this is one cyclical sector of 47 companies.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| RSPD this fund | — | 0.4% | $328.9M | -4.9% | +13.3% |
| XLY Consumer Discretionary Select Sector SPDR F… | 51% | 0.08% | $22.59B | -0.5% | -8.0% |
| FDIS Fidelity MSCI Consumer Discretionary Index … | 40% | 0.084% | $1.68B | -2.3% | +16.4% |
| VCR Vanguard Consumer Discretionary ETF | 39% | 0.09% | $6.63B | -2.6% | +16.3% |
| IYC iShares U.S. Consumer Discretionary ETF | 39% | 0.39% | $1.19B | -4.2% | +17.0% |
| RXI iShares Global Consumer Discretionary ETF | 38% | 0.41% | $251.7M | -7.8% | +13.3% |
| MILN Global X Millennial Consumer ETF | 31% | 0.5% | $95.3M | -12.5% | +15.2% |
| FXD First Trust Consumer Discretionary AlphaDEX… | 25% | 0.61% | $269.2M | -1.1% | +13.6% |
Questions investors ask
What's the difference between RSPD and XLY?
The main difference is that RSPD uses equal weighting. It gives every stock in its index the same weight at each quarterly rebalance, so Amazon was only 2.3% of the fund as of July 31, 2026, about the same as Hasbro. The two funds' holdings overlap by about 51%. XLY, the Consumer Discretionary Select Sector SPDR Fund, is far bigger, with $22.6 billion in net assets as of June 30, 2026. It is also cheaper, at 0.08% a year versus RSPD's 0.40%.
What is RSPD's expense ratio?
RSPD's expense ratio, the yearly fee taken out of fund assets, is 0.40%, according to the prospectus filed August 27, 2026. In the SEC's standard example, a $10,000 investment earning 5% a year would incur about $41 in costs over one year, $224 over five years and $505 over ten. That's above the 0.31% average for similar funds and well above XLY (0.08%) and Vanguard's VCR (0.09%), though close to iShares' IYC (0.39%).
Does RSPD pay dividends?
Yes. RSPD pays dividends quarterly, passing along dividends from the stocks it owns. Over the 12 months to October 27, 2026, it paid $0.51 per share, a trailing yield (income over the past year divided by the share price) of 0.94%. That's a small payout. The fund is built to track a stock sector, not to generate income, so it may suit investors who rely on other holdings for retirement cash flow.
How has RSPD performed over the long term?
RSPD returned an average of 8.59% a year over the 10 years through December 31, 2025, and 7.97% a year over five years, according to its prospectus. The path was bumpy. It gained 28.74% in 2021, then lost 24.04% in 2022, and its worst quarter was a 39.34% drop in the three months ended March 31, 2020. Shorter-term results are weaker: the fund was down 4.1% in 2026 through October 27 and down 4.9% over the 12 months to that date.
Is RSPD a good investment for retirement?
RSPD fits more naturally as a smaller, add-on holding than as a core retirement investment. It owns a single sector, so its results swing with consumer spending. It fell about 21% from December 11, 2024, to April 8, 2025, then recovered by July 10, 2025. Its trailing yield of 0.94% as of October 27, 2026, is low for anyone who needs income. It may suit investors who want extra exposure to consumer spending alongside broader funds.