Invesco, the issuer behind QQQ, has entered the income ETF arena with RSPA. The equal-weight S&P 500 income fund is priced at 0.29% and advertises a yield near 9.1%, above JEPI’s roughly 8.1% with a 0.35% fee. The headline gap is eight points of total return. The move reframes QQQ’s sponsor from growth beta to income distribution.
💡 Frequently Asked Questions (FAQ)
- Q: What is RSPA ETF and who launched it?
- A: RSPA is Invesco’s equal-weight S&P 500 income ETF launched to compete in the income ETF arena. It charges 0.29% expense ratio and advertises a yield near 9.1%.
- Q: How does RSPA compare to JEPI on yield and fees?
- A: RSPA offers ~9.1% yield with a 0.29% fee versus JEPI’s ~8.1% yield with a 0.35% fee, resulting in an advertised eight-point total return gap.
- Q: Why does Invesco launching RSPA matter for QQQ holders?
- A: It signals Invesco’s strategic shift from pure growth beta via QQQ to income distribution, expanding its competitor set beyond growth-focused ETFs.