Inflation-Adjusted Invesco S&P 500 Equal Weight ETF (RSP)

The Invesco S&P 500 Equal Weight ETF (RSP) tracks the S&P 500 Equal Weight Index, offering a unique approach by giving each company in the index an equal allocation.

Evaluating an investment's performance accurately means looking beyond nominal returns to understand its real-world value. This page adjusts RSP's historical prices for inflation using the US Consumer Price Index, revealing its true growth in purchasing power. Use the interactive charts and data tables to see the fund's actual long-term performance.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use March 2026 as the baseline (latest available CPI).

The current value of the Invesco S&P 500 Equal Weight ETF is 202.82 (as of the close of May 1, 2026), 0.63% lower than the all-time high of 204.1 (Feb 27, 2026).

Since May 1, 2003, the inflation-adjusted total return for the ETF has been 526.09%, which is equivalent to an annual growth rate of 8.3%.

In nominal values, the total return since this date has been 1,027%, or an annualized rate of 11.1%.

Inflation-Adjusted Values by Month

This data presents the ETF's end-of-month closing levels over time. The inflation-adjusted column shows what each past level would represent in roughly today's dollars based on the latest CPI reading, following the same present-value method that underlies the US Inflation Calculator. The newest row will show matching nominal and adjusted values until another CPI update becomes available.

Date	Inflation-Adjusted	Nominal value
May 2026	202.82	202.82
Apr 2026	203.44	203.44
Mar 2026	191.92	191.92
Feb 2026	206.24	204.1
Jan 2026	200.25	197.24
Dec 2025	194.37	190.75
Nov 2025	193.53	189.96
Oct 2025	186.39	186.39
Sep 2025	191.29	188.15
Aug 2025	189.86	186.27
Jul 2025	185.37	181.34
Jun 2025	183.73	179.48
May 2025	178.25	173.53
Apr 2025	171.24	166.36
Mar 2025	175.93	170.38
Feb 2025	182.53	176.37
Jan 2025	184.41	177.41
Dec 2024	179.47	171.53
Nov 2024	191.55	183.01
Oct 2024	179.89	171.96
Sep 2024	183.03	174.76
Aug 2024	179.25	170.88
Jul 2024	175.04	166.73
Jun 2024	167.77	159.62
May 2024	168.68	160.44
Apr 2024	164.3	156
Mar 2024	173.29	163.91
Feb 2024	166.95	156.89
Jan 2024	161.45	150.79
Dec 2023	163.72	152.08
Nov 2023	153.11	142.37
Oct 2023	139.96	130.4
Sep 2023	145.94	136.03
Aug 2023	154.13	143.31
Jul 2023	159.93	148.05
Jun 2023	154.81	143.04
May 2023	144.28	132.88
Apr 2023	150.37	138.14
Mar 2023	150.59	137.65
Feb 2023	152.39	138.84
Jan 2023	158.61	143.7
Dec 2022	148.83	133.77
Nov 2022	155.69	140.37
Oct 2022	145.86	131.63
Sep 2022	133.56	120.05
Aug 2022	147.36	132.16
Jul 2022	152.62	136.93
Jun 2022	140.45	126.03
May 2022	157.13	139.09
Apr 2022	157.29	137.71
Mar 2022	169.17	147.29
Feb 2022	166.97	143.46
Jan 2022	170.02	144.75
Dec 2021	179.28	151.37
Nov 2021	169.22	142.44
Oct 2021	174.67	146.3
Sep 2021	167.25	138.94
Aug 2021	174.33	144.42
Jul 2021	170.64	141.08
Jun 2021	169.27	139.28
May 2021	170.8	139.24
Apr 2021	168.93	136.62
Mar 2021	162.72	130.52
Feb 2021	154.53	123.08
Jan 2021	146.46	116.02
Dec 2020	148.29	116.97
Nov 2020	142.51	112.31
Oct 2020	124.61	98.26
Sep 2020	125.36	98.81
Aug 2020	128.77	101.36
Jul 2020	123.89	97.21
Jun 2020	118.6	92.59
May 2020	117.53	91.26
Apr 2020	112.2	87.11
Mar 2020	97.4	76.13
Feb 2020	118.53	92.85
Jan 2020	130.42	101.89
Dec 2019	133.44	103.85
Nov 2019	129.81	101.11
Oct 2019	125.48	97.79
Sep 2019	124.23	96.6
Aug 2019	120.4	93.54
Jul 2019	124.46	96.7
Jun 2019	123.62	95.89
May 2019	114.97	89.16
Apr 2019	123.79	95.8
Mar 2019	120.14	92.48
Feb 2019	119.81	91.72
Jan 2019	116.06	88.47
Dec 2018	105.89	80.57
Nov 2018	116.71	89.08
Oct 2018	113.35	86.81
Sep 2018	122.42	93.59
Aug 2018	122.36	93.43
Jul 2018	120.08	91.64
Jun 2018	116.47	88.88
May 2018	115.54	88.03
Apr 2018	114.36	86.77
Mar 2018	114.38	86.44
Feb 2018	115.72	87.25
Jan 2018	121.58	91.26
Dec 2017	117.1	87.43
Nov 2017	115.6	86.35
Oct 2017	111.37	83.19
Sep 2017	110.1	82.3
Aug 2017	107.53	79.95
Jul 2017	108.94	80.76
Jun 2017	107.16	79.49
May 2017	106.02	78.58
Apr 2017	105.52	78.14
Mar 2017	105.14	77.63
Feb 2017	105.21	77.61
Jan 2017	102.33	75.25
Dec 2016	100.9	73.77
Nov 2016	99.81	72.95
Oct 2016	94.7	69.32
Sep 2016	97.19	71.06
Aug 2016	97.32	70.98
Jul 2016	97.26	70.87
Jun 2016	93.24	68.05
May 2016	93.61	68.1
Apr 2016	92.72	67.19
Mar 2016	92.02	66.36
Feb 2016	85.58	61.45
Jan 2016	84.81	60.85
Dec 2015	89.95	64.43
Nov 2015	91.93	66.07
Oct 2015	91.45	65.87
Sep 2015	85.44	61.57
Aug 2015	87.97	63.49
Jul 2015	92.92	67.16
Jun 2015	92.04	66.51
May 2015	94.51	68.06
Apr 2015	94.31	67.57
Mar 2015	94.11	67.3
Feb 2015	95.59	67.95
Jan 2015	90.8	64.27
Dec 2014	93.1	66.2
Nov 2014	92.31	66.02
Oct 2014	89.43	64.3
Sep 2014	86.59	62.42
Aug 2014	88.96	64.07
Jul 2014	85.22	61.49
Jun 2014	87.23	62.96
May 2014	84.96	61.21
Apr 2014	83.46	59.92
Mar 2014	83.41	59.69
Feb 2014	83.44	59.33
Jan 2014	79.51	56.32
Dec 2013	82.24	58.04
Nov 2013	79.93	56.42
Oct 2013	78.03	55.19
Sep 2013	74.64	52.92
Aug 2013	71.78	50.84
Jul 2013	74.02	52.37
Jun 2013	70.11	49.57
May 2013	71.15	50.19
Apr 2013	69.41	48.88
Mar 2013	68.19	48.07
Feb 2013	65.51	46.06
Jan 2013	65.41	45.61
Dec 2012	61.59	42.83
Nov 2012	60.07	41.88
Oct 2012	59.03	41.35
Sep 2012	59.5	41.69
Aug 2012	58.53	40.83
Jul 2012	57.1	39.62
Jun 2012	56.94	39.57
May 2012	54.74	38.1
Apr 2012	58.79	40.96
Mar 2012	59.41	41.27
Feb 2012	58.51	40.34
Jan 2012	56.5	38.78
Dec 2011	53.7	36.7
Nov 2011	53.48	36.64
Oct 2011	53.91	36.97
Sep 2011	47.58	32.69
Aug 2011	52.4	35.95
Jul 2011	56.1	38.39
Jun 2011	58.26	39.82
May 2011	59.27	40.56
Apr 2011	59.91	40.81
Mar 2011	58.47	39.57
Feb 2011	58.55	39.24
Jan 2011	56.57	37.73
Dec 2010	55.66	36.94
Nov 2010	52	34.46
Oct 2010	51.6	34.18
Sep 2010	49.89	33
Aug 2010	45.3	29.95
Jul 2010	47.63	31.45
Jun 2010	44.38	29.29
May 2010	47.32	31.26
Apr 2010	51.12	33.75
Mar 2010	49.89	32.88
Feb 2010	46.72	30.66
Jan 2010	44.85	29.43
Dec 2009	46.55	30.44
Nov 2009	44.42	29.1
Oct 2009	42.12	27.57
Sep 2009	43.78	28.63
Aug 2009	41.61	27.19
Jul 2009	39.47	25.74
Jun 2009	36.09	23.58
May 2009	36.84	23.86
Apr 2009	34.71	22.41
Mar 2009	29.31	18.88
Feb 2009	26.66	17.13
Jan 2009	30.18	19.3
Dec 2008	33.07	21.05
Nov 2008	31.75	20.42
Oct 2008	34.46	22.6
Sep 2008	43.13	28.57
Aug 2008	48.33	32.07
Jul 2008	46.75	31.14
Jun 2008	47.24	31.3
May 2008	52.92	34.72
Apr 2008	51.99	33.82
Mar 2008	49.47	31.99
Feb 2008	50.85	32.6
Jan 2008	52.58	33.61
Dec 2007	55.22	35.12
Nov 2007	56.14	35.73
Oct 2007	59.23	37.47
Sep 2007	58.7	37.06
Aug 2007	57.43	36.16
Jul 2007	57.28	36.13
Jun 2007	59.97	37.84
May 2007	61.22	38.55
Apr 2007	59.66	37.34
Mar 2007	57.52	35.77
Feb 2007	57.56	35.48
Jan 2007	58.15	35.64
Dec 2006	56.95	34.81
Nov 2006	56.72	34.61
Oct 2006	55.26	33.77
Sep 2006	52.97	32.54
Aug 2006	51.47	31.78
Jul 2006	50.2	30.94
Jun 2006	51.02	31.35
May 2006	51.27	31.44
Apr 2006	53.1	32.4
Mar 2006	53.09	32.13
Feb 2006	52.29	31.47
Jan 2006	52.22	31.36
Dec 2005	50.58	30.15
Nov 2005	50.11	29.99
Oct 2005	47.55	28.68
Sep 2005	48.95	29.47
Aug 2005	49.31	29.33
Jul 2005	49.99	29.58
Jun 2005	47.79	28.15
May 2005	47.09	27.72
Apr 2005	45.01	26.53
Mar 2005	46.81	27.4
Feb 2005	47.83	27.78
Jan 2005	47.11	27.2
Dec 2004	48.71	28.07
Nov 2004	46.79	27.06
Oct 2004	44.25	25.58
Sep 2004	43.45	24.99
Aug 2004	42.46	24.36
Jul 2004	42.52	24.39
Jun 2004	44.49	25.56
May 2004	43.32	24.81
Apr 2004	42.82	24.38
Mar 2004	43.99	24.97
Feb 2004	44.58	25.14
Jan 2004	43.99	24.67
Dec 2003	43.18	24.1
Nov 2003	41.01	22.91
Oct 2003	40.05	22.44
Sep 2003	37.42	20.98
Aug 2003	38.1	21.3
Jul 2003	36.67	20.42
Jun 2003	35.86	19.95
May 2003	35.59	19.78

Returns from Investing in the Invesco S&P 500 Equal Weight ETF

How much did an investment in the RSP ETF really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for the Invesco S&P 500 Equal Weight ETF by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the ETF nominally increased, as in 2007.

Year	Inflation-Adjusted Return	Nominal Return
2024	9.62%	12.78%
2023	10%	13.69%
2022	-16.98%	-11.62%
2021	20.9%	29.4%
2020	11.13%	12.64%
2019	26.02%	28.9%
2018	-9.57%	-7.85%
2017	16.06%	18.51%
2016	12.17%	14.5%
2015	-3.38%	-2.68%
2014	13.2%	14.06%
2013	33.52%	35.53%
2012	14.7%	16.7%
2011	-3.53%	-0.67%
2010	19.58%	21.36%
2009	40.77%	44.6%
2008	-40.11%	-40.06%
2007	-3.05%	0.91%
2006	12.59%	15.45%
2005	3.86%	7.41%
2004	12.8%	16.48%

Invesco S&P 500 Equal Weight Etf: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for the Invesco S&P 500 Equal Weight over various trailing periods ending March 31, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	9.09%	12.64%
Last 3 years	8.42%	11.72%
Last 5 years	3.36%	8.02%
Last 10 years	7.63%	11.2%
Last 20 years	6.64%	9.35%

Real Returns of Investing in the Invesco S&P 500 Equal Weight

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Invesco S&P 500 Equal Weight five years ago yielded an 52.86% nominal gain, but the real return (the actual increase in buying power) was 23.79%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025	$152.86	52.86%	23.79%
Last 10 years Feb 2016 - Sep 2025	$306.16	206.16%	123.51%

About the Invesco S&P 500 Equal Weight ETF

The Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund from Invesco that tracks the S&P 500 Equal Weight Index. Launched in April 2003, RSP takes a different approach from traditional market-cap-weighted ETFs by assigning an equal weight to each of the 500 stocks in the S&P 500 Index at each quarterly rebalancing.

This methodology reduces concentration risk in the largest companies and provides greater exposure to smaller firms in the S&P 500. RSP is favored by investors seeking a more balanced exposure to the US large-cap market.

Last Close May 1, 2026	202.82
Highest Feb 27, 2026	204.1
Highest, Inflation-Adjusted Feb 27, 2026	206.24
Annualized return Since May 1, 2003	11.1%
Annualized return, Inflation-Adjusted Since May 1, 2003	8.3%