1. Home
  2. Equal Weight S&P 500 ETF

Guggenheim S&P 500® Equal Weight ETF (RSP) equally weights each of the 500 stocks within the S&P 500®—ensuring that all names within the index have the same opportunity to influence the return of the fund.

Guggenheim S&P 500® Equal Weight ETF (RSP) Offers:

Performance Potential


The combination of balanced exposure to all stocks in the index—combined with a quarterly rebalance—has helped RSP outperform the S&P 500® on a rolling basis since the fund's 2003 inception.

Large-Cap Core Allocation


A dynamic alternative to traditional core holding strategies.



Since its inception, RSP has not paid a capital gains distribution.1

1 This does not eliminate the potential for the declaration of capital gains in the future.


Performance Potential

The balanced exposure to all stocks in the index—combined with a quarterly rebalance—has helped RSP outperform the S&P 500® on a rolling basis since the fund's 2003 inception.

Average Annualized Rolling Return as of 12.31.2017

For Rolling Monthly Periods (NAV Performance)


% of Time RSP Outperforms S&P 500® Index


These graphs show rolling returns, which measure returns over a discrete number of consecutive periods (usually years) starting with the beginning of the earliest period and finishing with the end of the most recent period. Rolling returns may be useful for examining the behavior of returns for holding periods similar to those actually experienced by investors. For example, the rolling one-, three-, five-, and 10-year return above is the average return of all 12-, 36-, 60-, and 120-month "rolling" monthly periods since the fund's inception. In contrast, average annualized total returns, shown below, are useful to show trailing past performance for a specific period of time.

RSP | Guggenheim S&P 500® Equal Weight ETF

Investment Objective

Seeks to replicate as closely as possible the performance of the S&P 500® Equal Weight Index, before fees and expenses, on a daily basis.

Inception Date 04.24.2003

Expense Ratio (gross/net) 0.40%/0.20%1

Overall Morningstar RatingTM

Among Large Blend funds as of 12.31.2017

The fund was rated, based on its risk-adjusted returns, 3 stars for 3 years, 3 stars for 5 years, 4 stars for 10 years, and 4 stars Overall out of 1,217, 1,079, 800, and 1,217 Large Blend funds, respectively.

Download important information on RSP
RSP Fact Card

Average Annual Total Returns


As of 12.31.2017. Index data source: FactSet.

Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent quarter and month-end, please visit the ETF performance page. ETFs are subject to third party transaction fees/commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above or below NAV. For additional information, see the fund’s prospectus.

Download Exclusive Guggenheim Equal Weight Advisor Content


Equal Weight Overview plus Quarterly Equal Weight vs. Cap-Weight Performance Comparison

Guggenheim Equal Weight ETF Investing Kit

For More Information

Call the Guggenheim ETF Knowledge Center at 888.WHY.ETFs or 888 949 3837

The broad diversification of equal weight strategies does not assure a profit or eliminate the risk of loss. Investing involves risk, including the possible loss of principal. When large-cap securities are in favor or in severe market downturns, an equal weight strategy may under perform a cap-weighted strategy. Increased exposure to smaller companies may increase volatility, and equal weight strategies could have higher portfolio turnover than cap-weighted strategies which may increase expenses.

Fund data is subject to change on a daily basis.

Effective August 24, 2017, the management fee for Guggenheim S&P 500® Equal Weight ETF (RSP) was reduced to 0.20% from 0.40%.

Guggenheim S&P 500® Equal Weight ETF may not be suitable for all investors.• The Fund is subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the Fund’s inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be difficult for the Fund to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Fund may lose money. • Unlike many investment companies, the Fund is not actively “managed.” This means that, based on market and economic conditions, the Fund’s performance could be lower than other types of mutual funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline.• Tracking error risk refers to the risk that the Advisor may not be able to cause the Fund’s performance to match or correlate to that of the Fund’s Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Fund’s performance to be less than you expect. • Shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of the Fund’s holdings. In addition, although the Fund’s shares are currently listed on NYSE Arca, Inc. (the “Exchange”), there can be no assurance that an active trading market for shares will develop or be maintained. • The Fund is subject to the risk that large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. See Prospectus for more details.

The Morningstar Rating for funds, or "star rating", is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a subsidiary of McGraw Hill Financial, Inc., and have been licensed for use by Guggenheim Investments and its affiliates. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. S&P Dow Jones Indices LLC (together with its affiliates, “S&P”) does not make investment recommendations, and S&P does not sponsor, endorse, sell or promote the product. S&P makes no representation or warranty regarding the advisability of investing in the product. Past performance of an index is not a guarantee of future results.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available), click here or contact us

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), the investment adviser to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim and SI.

There is no systematic rebalancing with a cap-weighted strategy. Weightings self—adjust with the price movement of the underlying stock—an increase in a stock's price results in an increased weighting and vice versa if the stock's price drops. This may result in a cap-weighted strategy holding greater amounts in highly-priced stocks and fewer in underpriced stocks.

Through rebalancing, equal weight investing achieves these important investment goals.