Looking for broad exposure to the Healthcare – Broad segment of the equity market? You should consider the Invesco S&P 500 Equal Weight Health Care ETF (RSPH), a passively managed exchange traded fund launched on November 1, 2006.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Healthcare – Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 9, placing it in bottom 44%.
The fund is sponsored by Invesco. It has amassed assets over $782.86 million, making it one of the larger ETFs attempting to match the performance of the Healthcare – Broad segment of the equity market. RSPH seeks to match the performance of the S&P 500 EQUAL WEIGHT HEALTH CARE INDEX before fees and expenses.
The S&P 500 Equal Weight Health Care Index equally weights stocks in the health care sector of the S&P 500 Index.
When considering an ETF’s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.4%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.68%.
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund’s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Healthcare sector — about 100% of the portfolio.
Looking at individual holdings, Centene Corp (CNC) accounts for about 1.93% of total assets, followed by Moderna Inc (MRNA) and Baxter International Inc (BAX).
The top 10 holdings account for about 18.16% of total assets under management.
The ETF has added roughly 3.77% and is up about 7.09% so far this year and in the past one year (as of 01/27/2026), respectively. RSPH has traded between $26.81 and $33.26 during this last 52-week period.
The ETF has a beta of 0.84 and standard deviation of 14.72% for the trailing three-year period. With about 62 holdings, it effectively diversifies company-specific risk.
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