The Invesco S&P 500 Equal Weight ETF (RSP) has gained about 12% year-to-date, outperforming the cap-weighted SPDR S&P 500 ETF's 10% rise. This performance reverses recent mega-cap dominance, with RSP's portfolio heavily tilted towards semiconductor stocks rather than the usual tech giants like Apple or Microsoft. The fund's success is influenced by the shape of the yield curve, where a steepening curve favors smaller-cap and cyclical stocks that RSP overweights. The upcoming quarterly rebalance will reduce the semiconductor overweight and increase exposure to lagging sectors, potentially shifting the fund's performance dynamics. Investors should watch the 10-year minus 2-year Treasury yield spread and the Fed's rate cut signals to gauge RSP's future advantage over cap-weighted ETFs.
In 2026, investors have moved about $57 billion into the State Street SPDR Portfolio S&P 500 ETF (SPYM), attracted by its lower fees (0.02% vs. SPY's 0.0945%) and more efficient structure as an open-end fund. SPYM tracks the same S&P 500 index as SPY...
The Invesco High-Yield Equity Dividend Achievers ETF (PEY) has been upgraded to a 'buy' rating due to strong earnings trends, an attractive estimated yield of 4.17%, and a forward price-to-earnings ratio of 11.65. Since January 2026, PEY has outperfo...
Federal Reserve official Kevin Warsh is set to deliver a crucial speech at Jackson Hole, which could significantly impact bond markets and the S&P 500. Investors are wary as recent Treasury buybacks and hotter-than-expected inflation have increased m...
