What is the core investment thesis differentiating RSPT and SPMO?

RSPT (Invesco S&P 500 Equal Weight Technology ETF) aims to provide equal-weighted exposure to S&P 500 companies in the technology sector, mitigating concentration in a single company. In contrast, SPMO (Invesco S&P 500 Momentum ETF) targets companies across the S&P 500 with strong momentum, spanning various sectors beyond just technology.

How do ETF dividend yields work, and which fund offers a higher one?

ETFs distribute dividends collected from their underlying holdings to investors. Based on the provided data, SPMO has a higher yield of 0.72% compared to RSPT's 0.23%. The fund's distribution amount is determined by the aggregate dividend income from its specific holdings, not directly tied to its performance or expense ratio.

What does it mean when a fund uses 'equal weighting' like RSPT?

Equal weighting means assigning the same allocation percentage to each holding, regardless of market size. This differs from market-cap weighting, where larger companies have bigger influence. RSPT uses this method to prevent the fund's performance from being dominated by mega-cap technology companies, potentially enhancing diversification within the sector.

How are momentum ETFs like SPMO constructed and maintained?

Momentum ETFs select stocks based on recent strong performance, rebalancing periodically. SPMO identifies companies from the S&P 500 showing persistent upward trends. This involves moving capital out of underperformers and into leaders, reflecting the fund's strategy to capitalize on market trends rather than static fundamentals.

Compare the fee structures of RSPT and SPMO.

RSPT has a higher expense ratio of 0.40%, meaning investors pay $4 annually for every $1,000 invested. SPMO is more cost-efficient at 0.13%, costing $1.30 annually per $1,000 invested. This difference, while small, compounds over time, making SPMO a lower-cost vehicle for accessing a broad momentum strategy.

Which fund offers more diversified exposure, RSPT or SPMO?

SPMO offers more diversified exposure as it tracks momentum companies from across the S&P 500's many sectors, including technology, consumer staples, energy, etc. RSPT provides concentrated exposure solely to the technology sector, making it susceptible to sector-specific downturns, whereas SPMO's broader scope can potentially mitigate such risks.

Are RSPT and SPMO suitable for income-focused investors?

Neither RSPT nor SPMO is primarily designed for income investors. RSPT's 0.23% yield and SPMO's 0.72% yield are both lower than what most income-focused portfolios typically target. SPMO offers a slightly higher distribution than RSPT, but neither would be a primary income source.

What factors might influence an investor's choice between RSPT and SPMO?

An investor's choice between RSPT and SPMO depends on their investment goals, risk tolerance, and market outlook. If seeking targeted exposure to technology while managing individual stock risk through equal weighting, RSPT might fit. If aiming for broad S&P 500 participation with a trend-following strategy, SPMO could be more suitable.

How does sector concentration in RSPT affect its risk profile?

RSPT's exclusive focus on the technology sector inherently increases its risk profile due to sector-specific vulnerabilities. While equal weighting helps diversify within tech, a broad economic downturn affecting technology companies would impact the entire fund, unlike a more diversified ETF that could potentially cushion such sector shocks.

What liquidity can investors expect from RSPT and SPMO?

Both funds offer strong liquidity. RSPT, with $6.3 billion in assets, provides good access for technology investors. SPMO, boasting significantly larger net assets of $28.9 billion, generally implies even tighter bid-ask spreads and greater flexibility for trading, facilitating more efficient entry and exit for investors in either fund.

Are there any significant top-10 holdings shared between RSPT and SPMO?

According to the provided data, there are no shared holdings among the top 10 for both RSPT and SPMO. RSPT's largest are ZBRA, DELL, and CRWD, while SPMO's are MU, NVDA, and AVGO. This lack of overlap further underscores their distinct investment focuses and exposure profiles.

This FAQ is for educational purposes only and should not be construed as financial advice. It provides a factual comparison of RSPT and SPMO based on available data. Always conduct thorough due diligence and consider consulting with a qualified financial professional before making any investment decisions.

RSPT vs SPMO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare RSPT and SPMO: Invesco S&P 500 Equal Weight Technology versus Invesco S&P 500 Momentum. This page reviews fees, holdings, dividends, and tracking methods. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

RSPT

Metric

SPMO

0.40%

Expense Ratio

0.13%

0.23%

Dividend Yield

0.72%

$6.28B

Net Assets

$28.85B

Holdings

102

Nov 1, 2006

Inception Date

Oct 9, 2015

–

Index Tracked

–

Technology

Fund Category

Large Blend

SPMO costs about $27.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

Discover More Comparisons

RSPT vs XLK

Compare RSPT and XLK technology ETFs. Review expense ratios, net assets, dividend yields, and holdings to understand key differences between these funds.

RSPT vs SCHG

Compare RSPT and SCHG ETFs. Review 0.40% and 0.04% expense ratios, 0.23% and 0.36% yields, sector exposure, top holdings and index tracking details.

RSPT vs SPY

Compare RSPT and SPY ETFs. Review their 0.40% and 0.09% fees, technology holdings versus broad market exposure, dividends, and tracking details.

Investment Analysis

RSPT

Pros

The fund provides diversified exposure to the technology sector by assigning equal weights to each constituent company, reducing reliance on mega-cap firms.
With a $6 billion asset base, the fund ensures robust liquidity and tight bid-ask spreads for investors seeking efficient technology market access.
The fund's established operational history since 2006 offers a track record of consistent performance during varying market conditions.

Considerations

The fund's 0.40% expense ratio presents a higher cost burden compared to many passive technology alternatives.
Low dividend yield of 0.23% limits income generation potential, particularly for investors seeking regular payouts.
The sector's inherent volatility and concentration in a single industry may result in heightened risk during economic downturns.

SPMO

Pros

The fund's 0.13% expense ratio provides investors with a cost-efficient vehicle for accessing S&P 500 momentum strategies.
It offers broad market diversification across sectors, including technology and consumer staples, which can mitigate single-sector risks.
An $28.9 billion asset base enhances liquidity and supports competitive trading spreads.

Considerations

Top holdings include 11.09% in Micron, concentrating portfolio risk in the semiconductor sector.
The fund's reliance on momentum factors means it may underperform during market rotations or trend reversals.
Although its 0.72% yield exceeds the technology fund, it remains below the broader market average.

About RSPT and SPMO

RSPT (RSPT)

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund designed to provide investors with broad exposure to the technology sector within the S&P 500. Unlike traditional index funds that weight companies by market capitalisation—often concentrating holdings in a few mega-cap firms—RSPT assigns an equal weight to each underlying holding. This approach ensures that mid-cap and large-cap technology companies all have the same influence on the fund's performance, potentially offering a more diversified view of the sector. Launched in November 2006, the fund currently holds 77 companies with net assets of approximately USD 6.28 billion. It features an expense ratio of 0.40% and a dividend yield of 0.23%. As with all technology-focused investments, RSPT can be subject to significant volatility, and values may rise or fall, so it is important for investors to understand the inherent risks.

SPMO (SPMO)

The Invesco S&P 500 Momentum ETF offers investors exposure to companies within the S&P 500 index that have demonstrated stronger price performance compared to the broader market in recent times. By focusing on stocks with positive momentum trends, the fund aims to capture opportunities in sectors or companies currently experiencing growth or renewed interest. It holds approximately 102 companies, reflecting a diversified approach within the large-cap category. With a low expense ratio of 0.13%, it provides a cost-effective way to gain this specific type of market exposure. Investors should note that while momentum strategies can perform well during trending markets, they may underperform during market reversals or periods of volatility. Values can rise and fall, and past performance is not a guarantee of future results. This ETF is suitable for those interested in understanding systematic investment approaches, keeping risk tolerance in mind.

Buy RSPT or SPMO in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

RSPT vs SPMO

Fund Snapshot