RSPS
RSPS is an exchange-traded fund (ETF) designed to track the performance of the S&P 500 Equal Weight Software Index. This index includes software companies within the S&P 500, with each stock given equal weight rather than being weighted by market capitalization.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 7, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-4.95%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-5.23%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
14.20%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
15.98%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
0.05
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
0.06
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Experience Excellence NowFrequently Asked Questions
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RSPS aims to closely track the performance of the S&P 500 Equal Weight Software Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.
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Yes, investing in RSPS carries risks such as sector risk and volatility risk. The software sector can be affected by technological changes, regulatory developments, and market conditions. The equal weighting approach can also result in higher volatility compared to market-cap-weighted indices.
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Yes, RSPS can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the software sector within their retirement portfolio.
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Investors can purchase shares of RSPS through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "RSPS."
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Similar ETFs to RSPS include the Technology Select Sector SPDR Fund (XLB) and the Invesco QQQ ETF (QQQ). These ETFs also focus on technology or software sectors but may differ in their specific methodologies or index tracking.
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Dividends received from the underlying securities in RSPS are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of RSPS.
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Historically, RSPS’s performance reflects the trends in the software sector, adjusted for the equal weighting of its constituents. Performance can vary based on technological advancements, market conditions, and the financial health of individual software companies.
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Key performance metrics for RSPS include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely RSPS follows the S&P 500 Equal Weight Software Index.
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As of the latest update, RSPS has an expense ratio of approximately 0.35%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.
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RSPS typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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