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 April 2026 as the baseline (latest available CPI).

The current value of the Invesco S&P 500 Equal Weight ETF is 203.83 (as of the close of May 20, 2026), 0.5% lower than the all-time high of 204.85 (May 6, 2026).

While the nominal high reached 204.85, the inflation-adjusted peak value was 207.99 on February 27, 2026.

Since May 1, 2003, the inflation-adjusted total return for the ETF has been 523.91%, which is equivalent to an annual growth rate of 8.27%.

In nominal values, the total return since this date has been 1,032%, 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	203.83	203.83
Apr 2026	203.44	203.44
Mar 2026	193.55	191.92
Feb 2026	207.99	204.1
Jan 2026	201.95	197.24
Dec 2025	196.02	190.75
Nov 2025	195.18	189.96
Oct 2025	186.39	186.39
Sep 2025	192.91	188.15
Aug 2025	191.47	186.27
Jul 2025	186.94	181.34
Jun 2025	185.3	179.48
May 2025	179.77	173.53
Apr 2025	172.7	166.36
Mar 2025	177.42	170.38
Feb 2025	184.08	176.37
Jan 2025	185.98	177.41
Dec 2024	180.99	171.53
Nov 2024	193.18	183.01
Oct 2024	181.42	171.96
Sep 2024	184.58	174.76
Aug 2024	180.78	170.88
Jul 2024	176.53	166.73
Jun 2024	169.2	159.62
May 2024	170.12	160.44
Apr 2024	165.69	156
Mar 2024	174.77	163.91
Feb 2024	168.37	156.89
Jan 2024	162.82	150.79
Dec 2023	165.11	152.08
Nov 2023	154.42	142.37
Oct 2023	141.15	130.4
Sep 2023	147.18	136.03
Aug 2023	155.44	143.31
Jul 2023	161.29	148.05
Jun 2023	156.13	143.04
May 2023	145.51	132.88
Apr 2023	151.65	138.14
Mar 2023	151.87	137.65
Feb 2023	153.69	138.84
Jan 2023	159.96	143.7
Dec 2022	150.1	133.77
Nov 2022	157.02	140.37
Oct 2022	147.1	131.63
Sep 2022	134.7	120.05
Aug 2022	148.61	132.16
Jul 2022	153.92	136.93
Jun 2022	141.65	126.03
May 2022	158.47	139.09
Apr 2022	158.62	137.71
Mar 2022	170.61	147.29
Feb 2022	168.39	143.46
Jan 2022	171.46	144.75
Dec 2021	180.8	151.37
Nov 2021	170.66	142.44
Oct 2021	176.15	146.3
Sep 2021	168.68	138.94
Aug 2021	175.81	144.42
Jul 2021	172.09	141.08
Jun 2021	170.71	139.28
May 2021	172.25	139.24
Apr 2021	170.37	136.62
Mar 2021	164.1	130.52
Feb 2021	155.84	123.08
Jan 2021	147.71	116.02
Dec 2020	149.55	116.97
Nov 2020	143.72	112.31
Oct 2020	125.67	98.26
Sep 2020	126.42	98.81
Aug 2020	129.87	101.36
Jul 2020	124.94	97.21
Jun 2020	119.6	92.59
May 2020	118.53	91.26
Apr 2020	113.15	87.11
Mar 2020	98.23	76.13
Feb 2020	119.54	92.85
Jan 2020	131.53	101.89
Dec 2019	134.58	103.85
Nov 2019	130.92	101.11
Oct 2019	126.54	97.79
Sep 2019	125.29	96.6
Aug 2019	121.42	93.54
Jul 2019	125.51	96.7
Jun 2019	124.67	95.89
May 2019	115.94	89.16
Apr 2019	124.85	95.8
Mar 2019	121.16	92.48
Feb 2019	120.83	91.72
Jan 2019	117.05	88.47
Dec 2018	106.79	80.57
Nov 2018	117.7	89.08
Oct 2018	114.32	86.81
Sep 2018	123.46	93.59
Aug 2018	123.4	93.43
Jul 2018	121.1	91.64
Jun 2018	117.46	88.88
May 2018	116.52	88.03
Apr 2018	115.33	86.77
Mar 2018	115.36	86.44
Feb 2018	116.7	87.25
Jan 2018	122.61	91.26
Dec 2017	118.1	87.43
Nov 2017	116.58	86.35
Oct 2017	112.32	83.19
Sep 2017	111.04	82.3
Aug 2017	108.45	79.95
Jul 2017	109.87	80.76
Jun 2017	108.07	79.49
May 2017	106.92	78.58
Apr 2017	106.42	78.14
Mar 2017	106.04	77.63
Feb 2017	106.1	77.61
Jan 2017	103.2	75.25
Dec 2016	101.76	73.77
Nov 2016	100.66	72.95
Oct 2016	95.5	69.32
Sep 2016	98.01	71.06
Aug 2016	98.15	70.98
Jul 2016	98.09	70.87
Jun 2016	94.03	68.05
May 2016	94.4	68.1
Apr 2016	93.51	67.19
Mar 2016	92.8	66.36
Feb 2016	86.31	61.45
Jan 2016	85.53	60.85
Dec 2015	90.72	64.43
Nov 2015	92.71	66.07
Oct 2015	92.23	65.87
Sep 2015	86.17	61.57
Aug 2015	88.72	63.49
Jul 2015	93.71	67.16
Jun 2015	92.82	66.51
May 2015	95.31	68.06
Apr 2015	95.11	67.57
Mar 2015	94.91	67.3
Feb 2015	96.4	67.95
Jan 2015	91.58	64.27
Dec 2014	93.89	66.2
Nov 2014	93.1	66.02
Oct 2014	90.19	64.3
Sep 2014	87.33	62.42
Aug 2014	89.71	64.07
Jul 2014	85.95	61.49
Jun 2014	87.97	62.96
May 2014	85.68	61.21
Apr 2014	84.17	59.92
Mar 2014	84.12	59.69
Feb 2014	84.15	59.33
Jan 2014	80.19	56.32
Dec 2013	82.94	58.04
Nov 2013	80.61	56.42
Oct 2013	78.7	55.19
Sep 2013	75.27	52.92
Aug 2013	72.39	50.84
Jul 2013	74.65	52.37
Jun 2013	70.7	49.57
May 2013	71.76	50.19
Apr 2013	70	48.88
Mar 2013	68.77	48.07
Feb 2013	66.06	46.06
Jan 2013	65.96	45.61
Dec 2012	62.12	42.83
Nov 2012	60.58	41.88
Oct 2012	59.53	41.35
Sep 2012	60	41.69
Aug 2012	59.02	40.83
Jul 2012	57.59	39.62
Jun 2012	57.42	39.57
May 2012	55.21	38.1
Apr 2012	59.29	40.96
Mar 2012	59.92	41.27
Feb 2012	59.01	40.34
Jan 2012	56.98	38.78
Dec 2011	54.16	36.7
Nov 2011	53.94	36.64
Oct 2011	54.37	36.97
Sep 2011	47.99	32.69
Aug 2011	52.84	35.95
Jul 2011	56.58	38.39
Jun 2011	58.76	39.82
May 2011	59.77	40.56
Apr 2011	60.42	40.81
Mar 2011	58.97	39.57
Feb 2011	59.05	39.24
Jan 2011	57.05	37.73
Dec 2010	56.13	36.94
Nov 2010	52.45	34.46
Oct 2010	52.04	34.18
Sep 2010	50.31	33
Aug 2010	45.69	29.95
Jul 2010	48.04	31.45
Jun 2010	44.76	29.29
May 2010	47.72	31.26
Apr 2010	51.56	33.75
Mar 2010	50.31	32.88
Feb 2010	47.12	30.66
Jan 2010	45.23	29.43
Dec 2009	46.94	30.44
Nov 2009	44.8	29.1
Oct 2009	42.47	27.57
Sep 2009	44.15	28.63
Aug 2009	41.96	27.19
Jul 2009	39.81	25.74
Jun 2009	36.4	23.58
May 2009	37.16	23.86
Apr 2009	35	22.41
Mar 2009	29.56	18.88
Feb 2009	26.88	17.13
Jan 2009	30.43	19.3
Dec 2008	33.35	21.05
Nov 2008	32.02	20.42
Oct 2008	34.75	22.6
Sep 2008	43.49	28.57
Aug 2008	48.74	32.07
Jul 2008	47.15	31.14
Jun 2008	47.64	31.3
May 2008	53.37	34.72
Apr 2008	52.43	33.82
Mar 2008	49.9	31.99
Feb 2008	51.28	32.6
Jan 2008	53.03	33.61
Dec 2007	55.69	35.12
Nov 2007	56.62	35.73
Oct 2007	59.73	37.47
Sep 2007	59.19	37.06
Aug 2007	57.92	36.16
Jul 2007	57.76	36.13
Jun 2007	60.48	37.84
May 2007	61.74	38.55
Apr 2007	60.17	37.34
Mar 2007	58	35.77
Feb 2007	58.05	35.48
Jan 2007	58.64	35.64
Dec 2006	57.44	34.81
Nov 2006	57.2	34.61
Oct 2006	55.73	33.77
Sep 2006	53.42	32.54
Aug 2006	51.91	31.78
Jul 2006	50.62	30.94
Jun 2006	51.46	31.35
May 2006	51.71	31.44
Apr 2006	53.55	32.4
Mar 2006	53.55	32.13
Feb 2006	52.74	31.47
Jan 2006	52.67	31.36
Dec 2005	51.01	30.15
Nov 2005	50.54	29.99
Oct 2005	47.95	28.68
Sep 2005	49.37	29.47
Aug 2005	49.73	29.33
Jul 2005	50.42	29.58
Jun 2005	48.19	28.15
May 2005	47.49	27.72
Apr 2005	45.4	26.53
Mar 2005	47.21	27.4
Feb 2005	48.24	27.78
Jan 2005	47.51	27.2
Dec 2004	49.12	28.07
Nov 2004	47.19	27.06
Oct 2004	44.63	25.58
Sep 2004	43.82	24.99
Aug 2004	42.82	24.36
Jul 2004	42.88	24.39
Jun 2004	44.87	25.56
May 2004	43.68	24.81
Apr 2004	43.18	24.38
Mar 2004	44.37	24.97
Feb 2004	44.96	25.14
Jan 2004	44.36	24.67
Dec 2003	43.54	24.1
Nov 2003	41.35	22.91
Oct 2003	40.39	22.44
Sep 2003	37.73	20.98
Aug 2003	38.43	21.3
Jul 2003	36.98	20.42
Jun 2003	36.17	19.95
May 2003	35.9	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 April 30, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	17.8%	22.29%
Last 3 years	10.29%	13.77%
Last 5 years	3.61%	8.29%
Last 10 years	8.08%	11.72%
Last 20 years	6.9%	9.62%

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 20, 2026	203.83
Highest May 6, 2026	204.85
Highest, Inflation-Adjusted Feb 27, 2026	207.99
Annualized return Since May 1, 2003	11.1%
Annualized return, Inflation-Adjusted Since May 1, 2003	8.27%