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 December 2025 as the baseline (latest available CPI).

The current value of the Invesco S&P 500 Equal Weight ETF is 198.26 (as of the close of Jan 28, 2026), 0.7% lower than the all-time high of 199.66 (Jan 22, 2026).

Since May 1, 2003, the inflation-adjusted total return for the ETF has been 521%, which is equivalent to an annual growth rate of 8.36%.

In nominal values, the total return since this date has been 996.66%, 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. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date	Inflation-Adjusted	Nominal value
Jan 2026	198.26	198.26
Dec 2025	191.56	191.56
Nov 2025	190.73	190.77
Oct 2025	187.19	187.19
Sep 2025	188.52	188.95
Aug 2025	187.11	187.07
Jul 2025	182.68	182.12
Jun 2025	181.08	180.24
May 2025	175.67	174.27
Apr 2025	168.76	167.07
Mar 2025	173.38	171.11
Feb 2025	179.88	177.12
Jan 2025	181.75	178.17
Dec 2024	176.87	172.26
Nov 2024	188.78	183.79
Oct 2024	177.28	172.69
Sep 2024	180.38	175.51
Aug 2024	176.66	171.61
Jul 2024	172.51	167.44
Jun 2024	165.34	160.3
May 2024	166.24	161.12
Apr 2024	161.92	156.67
Mar 2024	170.79	164.61
Feb 2024	164.53	157.56
Jan 2024	159.11	151.44
Dec 2023	161.35	152.73
Nov 2023	150.9	142.98
Oct 2023	137.93	130.96
Sep 2023	143.83	136.61
Aug 2023	151.9	143.92
Jul 2023	157.61	148.68
Jun 2023	152.57	143.65
May 2023	142.19	133.45
Apr 2023	148.2	138.73
Mar 2023	148.41	138.24
Feb 2023	150.19	139.43
Jan 2023	156.31	144.31
Dec 2022	146.68	134.34
Nov 2022	153.44	140.97
Oct 2022	143.75	132.19
Sep 2022	131.63	120.56
Aug 2022	145.22	132.73
Jul 2022	150.41	137.52
Jun 2022	138.42	126.57
May 2022	154.86	139.68
Apr 2022	155.01	138.29
Mar 2022	166.72	147.92
Feb 2022	164.56	144.07
Jan 2022	167.56	145.37
Dec 2021	176.68	152.01
Nov 2021	166.77	143.04
Oct 2021	172.14	146.93
Sep 2021	164.83	139.53
Aug 2021	171.81	145.04
Jul 2021	168.17	141.68
Jun 2021	166.82	139.87
May 2021	168.33	139.83
Apr 2021	166.49	137.2
Mar 2021	160.36	131.08
Feb 2021	152.29	123.61
Jan 2021	144.34	116.51
Dec 2020	146.15	117.47
Nov 2020	140.45	112.79
Oct 2020	122.81	98.68
Sep 2020	123.54	99.23
Aug 2020	126.91	101.79
Jul 2020	122.1	97.62
Jun 2020	116.88	92.98
May 2020	115.83	91.64
Apr 2020	110.57	87.49
Mar 2020	95.99	76.46
Feb 2020	116.82	93.25
Jan 2020	128.54	102.32
Dec 2019	131.51	104.29
Nov 2019	127.93	101.54
Oct 2019	123.66	98.2
Sep 2019	122.44	97.01
Aug 2019	118.66	93.94
Jul 2019	122.65	97.11
Jun 2019	121.83	96.3
May 2019	113.3	89.54
Apr 2019	122	96.21
Mar 2019	118.4	92.88
Feb 2019	118.08	92.11
Jan 2019	114.38	88.85
Dec 2018	104.36	80.91
Nov 2018	115.02	89.46
Oct 2018	111.71	87.18
Sep 2018	120.65	93.99
Aug 2018	120.59	93.83
Jul 2018	118.34	92.03
Jun 2018	114.79	89.26
May 2018	113.86	88.4
Apr 2018	112.7	87.14
Mar 2018	112.73	86.81
Feb 2018	114.04	87.62
Jan 2018	119.82	91.65
Dec 2017	115.41	87.8
Nov 2017	113.93	86.72
Oct 2017	109.76	83.55
Sep 2017	108.51	82.65
Aug 2017	105.98	80.29
Jul 2017	107.37	81.1
Jun 2017	105.61	79.83
May 2017	104.49	78.91
Apr 2017	104	78.47
Mar 2017	103.62	77.96
Feb 2017	103.68	77.94
Jan 2017	100.85	75.57
Dec 2016	99.44	74.09
Nov 2016	98.37	73.26
Oct 2016	93.33	69.62
Sep 2016	95.78	71.36
Aug 2016	95.91	71.29
Jul 2016	95.85	71.18
Jun 2016	91.89	68.34
May 2016	92.25	68.39
Apr 2016	91.38	67.47
Mar 2016	90.68	66.64
Feb 2016	84.35	61.72
Jan 2016	83.58	61.11
Dec 2015	88.65	64.7
Nov 2015	90.6	66.35
Oct 2015	90.13	66.15
Sep 2015	84.21	61.83
Aug 2015	86.7	63.76
Jul 2015	91.58	67.44
Jun 2015	90.71	66.8
May 2015	93.14	68.35
Apr 2015	92.94	67.86
Mar 2015	92.75	67.58
Feb 2015	94.21	68.24
Jan 2015	89.49	64.54
Dec 2014	91.75	66.48
Nov 2014	90.98	66.3
Oct 2014	88.14	64.58
Sep 2014	85.34	62.68
Aug 2014	87.67	64.35
Jul 2014	83.99	61.75
Jun 2014	85.96	63.23
May 2014	83.73	61.47
Apr 2014	82.25	60.17
Mar 2014	82.21	59.94
Feb 2014	82.24	59.58
Jan 2014	78.36	56.56
Dec 2013	81.05	58.29
Nov 2013	78.77	56.66
Oct 2013	76.9	55.42
Sep 2013	73.56	53.15
Aug 2013	70.74	51.05
Jul 2013	72.95	52.59
Jun 2013	69.09	49.79
May 2013	70.12	50.41
Apr 2013	68.41	49.09
Mar 2013	67.2	48.27
Feb 2013	64.56	46.25
Jan 2013	64.46	45.81
Dec 2012	60.7	43.01
Nov 2012	59.2	42.06
Oct 2012	58.18	41.53
Sep 2012	58.64	41.87
Aug 2012	57.68	41.01
Jul 2012	56.27	39.79
Jun 2012	56.12	39.74
May 2012	53.95	38.26
Apr 2012	57.94	41.14
Mar 2012	58.55	41.45
Feb 2012	57.66	40.51
Jan 2012	55.68	38.95
Dec 2011	52.92	36.85
Nov 2011	52.71	36.8
Oct 2011	53.13	37.12
Sep 2011	46.89	32.83
Aug 2011	51.64	36.1
Jul 2011	55.29	38.55
Jun 2011	57.42	39.99
May 2011	58.41	40.73
Apr 2011	59.05	40.98
Mar 2011	57.62	39.74
Feb 2011	57.7	39.41
Jan 2011	55.75	37.89
Dec 2010	54.86	37.1
Nov 2010	51.25	34.61
Oct 2010	50.86	34.32
Sep 2010	49.17	33.14
Aug 2010	44.65	30.08
Jul 2010	46.94	31.58
Jun 2010	43.74	29.42
May 2010	46.63	31.4
Apr 2010	50.38	33.9
Mar 2010	49.17	33.02
Feb 2010	46.04	30.8
Jan 2010	44.2	29.56
Dec 2009	45.88	30.57
Nov 2009	43.78	29.22
Oct 2009	41.51	27.69
Sep 2009	43.14	28.75
Aug 2009	41	27.31
Jul 2009	38.9	25.85
Jun 2009	35.57	23.68
May 2009	36.31	23.96
Apr 2009	34.2	22.51
Mar 2009	28.89	18.96
Feb 2009	26.27	17.2
Jan 2009	29.74	19.38
Dec 2008	32.59	21.14
Nov 2008	31.29	20.51
Oct 2008	33.96	22.7
Sep 2008	42.5	28.69
Aug 2008	47.63	32.2
Jul 2008	46.08	31.28
Jun 2008	46.55	31.44
May 2008	52.16	34.87
Apr 2008	51.24	33.97
Mar 2008	48.76	32.13
Feb 2008	50.11	32.74
Jan 2008	51.82	33.75
Dec 2007	54.42	35.27
Nov 2007	55.33	35.88
Oct 2007	58.37	37.63
Sep 2007	57.85	37.22
Aug 2007	56.6	36.31
Jul 2007	56.45	36.28
Jun 2007	59.1	38
May 2007	60.33	38.72
Apr 2007	58.8	37.5
Mar 2007	56.68	35.92
Feb 2007	56.73	35.63
Jan 2007	57.31	35.8
Dec 2006	56.13	34.95
Nov 2006	55.9	34.76
Oct 2006	54.46	33.91
Sep 2006	52.2	32.68
Aug 2006	50.73	31.92
Jul 2006	49.47	31.07
Jun 2006	50.29	31.49
May 2006	50.53	31.58
Apr 2006	52.33	32.54
Mar 2006	52.33	32.26
Feb 2006	51.54	31.6
Jan 2006	51.47	31.49
Dec 2005	49.85	30.28
Nov 2005	49.39	30.12
Oct 2005	46.86	28.8
Sep 2005	48.25	29.6
Aug 2005	48.59	29.45
Jul 2005	49.27	29.71
Jun 2005	47.09	28.27
May 2005	46.41	27.84
Apr 2005	44.36	26.64
Mar 2005	46.14	27.52
Feb 2005	47.14	27.9
Jan 2005	46.42	27.32
Dec 2004	48	28.19
Nov 2004	46.11	27.18
Oct 2004	43.61	25.69
Sep 2004	42.82	25.1
Aug 2004	41.84	24.47
Jul 2004	41.91	24.49
Jun 2004	43.85	25.67
May 2004	42.69	24.91
Apr 2004	42.2	24.48
Mar 2004	43.36	25.07
Feb 2004	43.94	25.25
Jan 2004	43.35	24.77
Dec 2003	42.55	24.2
Nov 2003	40.41	23.01
Oct 2003	39.47	22.53
Sep 2003	36.87	21.07
Aug 2003	37.55	21.39
Jul 2003	36.14	20.51
Jun 2003	35.34	20.04
May 2003	35.08	19.86

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 December 31, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	8.31%	11.2%
Last 3 years	9.31%	12.55%
Last 5 years	5.56%	10.27%
Last 10 years	8.01%	11.46%
Last 20 years	6.96%	9.66%

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 Jan 28, 2026	198.26
Highest Jan 22, 2026	199.66
Highest, Inflation-Adjusted Jan 22, 2026	199.66
Annualized return Since May 1, 2003	11.1%
Annualized return, Inflation-Adjusted Since May 1, 2003	8.36%