NYSEARCA:RSP

161.03
1.22 (0.76%) 1d
0
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts are optimistic about the potential for RSP to perform well, especially if there is a rotation in the market. Small-cap stocks, favored by one expert, could benefit if there is a shift away from mega stocks. Additionally, RSP is not overly exposed to just tech and communications, which is seen as a positive. Overall, the consensus is that RSP has potential in the current market environment.

Consensus
Optimistic
Valuation
Fair Value
WEAK BUY

RSP is not overly exposed to just tech and communications. IWM at market weight has performed much better than RSP. But we're hopefully going to see some rotation. RSP is a great idea, and there are similar tickers that trade on the Canadian side.

IWM has the smallest 2000 companies out of the Russell 3000, underperforming. Small cap should perform better with steady or falling interest rates, as they tend to be more levered.

His portfolio style favours the mid- and large-cap names, but small caps can do well in a lower-rate environment.

E.T.F.'s
WEAK BUY

She likes smallcaps. If the market rotates from the mega stocks, small caps could benefit.

E.T.F.'s
HOLD
There is still a strong case for equal weight to outperform. This is a call on big tech being very highly valued right now. It depends on inflation or deflation however. Still thinks the average stock will out perform market cap weighted.
E.T.F.'s
PAST TOP PICK

(A Top Pick May 15/19, Up 1%) Equally weighted as opposed to market weighted. They bought this one to get away from the tech stocks. Since recommended here Invesco has listed an equal weight ETF for the S&P 500 in Canadian dollars on the TSX (EQL-T).

E.T.F.'s
TOP PICK

It de-emphasizes the tech dominance of the S&P 500. This uses an equal weight, giving more exposure to industrials, financials and healthcare where these sectors will do well. Best to own in a registered account.

E.T.F.'s
PAST TOP PICK

(Top Pick Jan 14/14, Up 12.59%) Equally weighted indexes tend to outperform in the mid to late part of the cycle.

E.T.F.'s
PAST TOP PICK

(A Top Pick July 24/13. Up 21.17%) because this is such a broad ETF, rather than being market capped, each constituent is 1/500 of this index, so there is a bias to smaller, large-cap stocks, which tend to be the more growth part.

E.T.F.'s
PAST TOP PICK

(A Top Pick Feb 20/13. Up 24.91%.) This gives you access to the S&P 500, equal weight. The whole idea here is that you want to own the markets with investment vehicles that outperform the market.

E.T.F.'s
TOP PICK

Each portion of this is worth 1/500. The main reason you want to move to an equally weighted index at this point in time is that as this market progresses, the breadth of the market and the number of stocks participating widens and widens, which is why these equally weighted indexes and ETFs tend to outperform their underlying benchmarks.

E.T.F.'s
TOP PICK

It is the breadth of this market that he likes so much. This has already started to outperform, pretty substantially, the underlying S&P index.

E.T.F.'s
TOP PICK

An equally weighted portfolio of S&P 500 stocks. Historically seasonality is very good relative to the S&P 500. S&P 500 is heavily weighted in technology, which does very poorly this time of year, whereas this stock, because it is equally weighted, is not as sensitive to technology.

E.T.F.'s
TOP PICK
S&P Equal Weight ETF. This has a heavier concentration in Industrial, Materials and Consumers Discretionary Sectors, which usually have strong seasonality from the end of January until May. (Hasn’t bought yet. Waiting for the market to start correcting.)
E.T.F.'s
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Rydex S&P Equal Weight ETF(RSP-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Rydex S&P Equal Weight ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Rydex S&P Equal Weight ETF(RSP-N) Frequently Asked Questions

What is Rydex S&P Equal Weight ETF stock symbol?

Rydex S&P Equal Weight ETF is a American stock, trading under the symbol RSP-N on the NYSE Arca (RSP). It is usually referred to as AMEX:RSP or RSP-N

Is Rydex S&P Equal Weight ETF a buy or a sell?

In the last year, 2 stock analysts published opinions about RSP-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rydex S&P Equal Weight ETF.

Is Rydex S&P Equal Weight ETF a good investment or a top pick?

Rydex S&P Equal Weight ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Rydex S&P Equal Weight ETF.

Why is Rydex S&P Equal Weight ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Rydex S&P Equal Weight ETF worth watching?

2 stock analysts on Stockchase covered Rydex S&P Equal Weight ETF In the last year. It is a trending stock that is worth watching.

What is Rydex S&P Equal Weight ETF stock price?

On 2024-04-22, Rydex S&P Equal Weight ETF (RSP-N) stock closed at a price of $161.03.