What is the difference in expense ratios between these two ETFs?

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) has an expense ratio of 0.40%. In comparison, the S&P 500 ETF Trust SPDR (SPY) has an expense ratio of 0.09%. The difference is 0.31 percentage points. Lower expense ratios generally mean less cost deducted from an investor's holdings over time, all else being equal. These fees are annual charges.

How do ETFs track their underlying investments?

ETFs aim to replicate the performance of a specific index. RSPT tracks an equal-weighted approach within technology companies, meaning each firm has a similar influence. SPY tracks the broader S&P 500, using market capitalisation weighting, where larger companies have a greater impact. The provided data doesn't specify the exact index names, only their general focus areas.

What does 'equal weighting' mean in a technology ETF?

Equal weighting involves allocating funds so each company in the index receives the same initial investment weight, regardless of its size. For RSPT, this means mid-cap tech firms have a similar impact on performance as larger tech companies. This contrasts with market-cap weighting, where larger firms, like those heavily featured in SPY's top holdings, dominate the index's performance.

How do the net assets of RSPT and SPY compare?

As of the provided data, RSPT holds $6.3 billion in net assets. SPY has significantly more at $785.0 billion. Higher net assets often correlate with greater trading liquidity and potentially tighter bid-ask spreads, though this depends on various market factors. Investors should consider both fund size and their intended trading activity when assessing practicality.

Are there any overlapping top holdings between these two funds?

Based on the provided top-ten holdings lists, there are no shared top holdings between RSPT and SPY. RSPT's top positions include companies like ZBRA and DELL, focusing on the technology sector. SPY's top holdings include NVDA, AAPL, and MSFT, which are large-cap tech firms but represent only a subset of its broader market index exposure.

How do the dividend yields of these ETFs differ?

RSPT offers a dividend yield of 0.23%, while SPY provides a higher yield of 0.98%. These figures represent the annual distributions relative to the fund's price. Dividend yields can vary significantly based on the underlying companies' payout policies and are not guaranteed. Both figures are based on the provided data snapshot.

Which fund has a longer inception date?

SPY was launched on 22 January 1993, making it the older of the two funds. RSPT began trading on 1 November 2006. The difference in inception dates reflects the evolution of ETF strategies, with SPY pioneering broad market access and RSPT later introducing a sector-specific, equal-weighted approach. Both funds have been available for several years.

What is the primary sector focus of each fund?

RSPT is categorised as a Technology fund, investing solely within that sector but using an equal-weight strategy. SPY falls into the Large Blend category, offering broad exposure to the overall US large-cap market across all sectors, including but not limited to technology. This means RSPT's performance is tightly linked to tech industry trends, while SPY reflects the broader market.

How does market capitalisation weighting affect SPY's performance?

SPY tracks an index where company weightings are determined by their market capitalisation. This means larger companies have a greater influence on the fund's returns. The provided top holdings, such as NVDA and AAPL, demonstrate this concentration in mega-cap technology firms. This structure makes SPY sensitive to the performance of its largest constituents.

What are the structural differences noted for SPY?

The pros and cons data highlights that SPY's structure as a unit investment trust can restrict certain operational efficiencies. This is a specific characteristic of its fund type, distinct from other ETF structures. While it offers advantages like low expense ratios and high liquidity, this particular structural aspect might be relevant for sophisticated investors examining fund mechanics.

How might the technology focus impact RSPT's risk profile?

RSPT's strict technology sector exposure means its performance is concentrated within a single industry. While equal weighting helps mitigate the dominance of any one tech stock within that sector, it creates vulnerability to downturns specific to the technology industry overall. This contrasts with SPY's broad sector diversification, which spreads risk across many parts of the market.

How do the underlying indexes for these funds differ?

RSPT is designed to track a technology-specific index using an equal weighting methodology. SPY tracks a broad market index representing US large-cap equities, weighted by market capitalisation. The data indicates 'not available' for the specific index names, but their structural focus—sector-specific equal weight versus broad market capitalisation-weighted—highlights a fundamental difference in investment philosophy and risk profile.

RSPT vs SPY

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

This page compares RSPT (Invesco S&P 500 Equal Weight Technology ETF) and SPY (S&P 500 ETF Trust SPDR). It details their fees, holdings, dividends, and how each fund tracks its market. RSPT focuses on technology companies with equal weighting, while SPY covers the broader US large-cap market. Educational content, not financial advice.

This page compares RSPT (Invesco S&P 500 Equal Weight Technology ETF) and SPY (S&P 500 ETF Trust SPDR). It details their fees, holdings, dividends, and how each fund tracks its market. RSPT focuses on...

Fund Snapshot

Key Fund Metrics

RSPT

Metric

SPY

0.40%

Expense Ratio

0.09%

0.23%

Dividend Yield

0.98%

$6.28B

Net Assets

$785.05B

77

Holdings

505

Nov 1, 2006

Inception Date

Jan 22, 1993

–

Index Tracked

–

Technology

Fund Category

Large Blend

SPY costs about $31.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

RSPT

Pros

Equal weighting mitigates single-stock concentration risk within the technology sector.
Invesco offers established liquidity and institutional-grade operational reliability for this technology fund.
The strategy captures mid-cap technology growth potentially overlooked by capitalisation-weighted indices.

Considerations

The 0.40% expense ratio is significantly higher than broad market capitalisation-weighted alternatives.
A 0.23% dividend yield provides minimal income relative to the broader equity market.
Strict technology sector exposure creates substantial vulnerability to specific industry downturns.

SPY

Pros

Massive net assets ensure deep liquidity and minimal bid-ask spreads for traders.
The 0.09% expense ratio makes this one of the most cost-effective large blend vehicles.
Broad sector diversification reduces the impact of underperformance in any single industry.

Considerations

Top holdings concentration in mega-cap technology stocks limits exposure to smaller firms.
A 0.98% dividend yield is relatively modest for income-oriented investors seeking equity income.
The fund’s structure as a unit investment trust restricts certain operational efficiencies.

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About RSPT and SPY

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.

SPY (SPY)

SPDR S&P 500 ETF Trust (SPY) is an exchange‑traded fund designed to track the S&P 500 index, offering investors broad exposure to large‑capitalisation US equities. It is widely used by retail and institutional investors for core portfolio allocation, tactical trading and hedging because of its deep liquidity and transparent holdings. SPY distributes dividends (typically quarterly) and reflects the performance of the underlying index, so returns move with the US large‑cap market. As with any equity product, value can fall as well as rise and past performance is not a guide to the future. Costs, tax considerations and suitability will depend on an individual’s circumstances; consult official documents and consider seeking independent advice where appropriate. This summary is general educational information and not personalised investment advice.

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RSPT vs SPY

Fund Snapshot