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 September 2025 as the baseline (latest available CPI).

The current value of the Invesco S&P 500 Equal Weight ETF is 191.55 (as of the close of Dec 4, 2025), 0.29% lower than the all-time high of 192.11 (Oct 27, 2025).

Since May 1, 2003, the inflation-adjusted total return for the ETF has been 496.24%, which is equivalent to an annual growth rate of 8.22%.

In nominal values, the total return since this date has been 955.37%, or an annualized rate of 10.99%.

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
Dec 2025	191.55	191.55
Nov 2025	191.53	191.53
Oct 2025	187.93	187.93
Sep 2025	189.7	189.7
Aug 2025	188.28	187.81
Jul 2025	183.83	182.84
Jun 2025	182.21	180.96
May 2025	176.77	174.96
Apr 2025	169.82	167.73
Mar 2025	174.47	171.78
Feb 2025	181.01	177.83
Jan 2025	182.89	178.87
Dec 2024	177.98	172.94
Nov 2024	189.97	184.52
Oct 2024	178.4	173.38
Sep 2024	181.51	176.2
Aug 2024	177.77	172.29
Jul 2024	173.59	168.11
Jun 2024	166.38	160.94
May 2024	167.29	161.76
Apr 2024	162.93	157.29
Mar 2024	171.86	165.26
Feb 2024	165.56	158.19
Jan 2024	160.11	152.04
Dec 2023	162.36	153.34
Nov 2023	151.85	143.55
Oct 2023	138.8	131.48
Sep 2023	144.73	137.15
Aug 2023	152.86	144.49
Jul 2023	158.6	149.27
Jun 2023	153.53	144.22
May 2023	143.08	133.98
Apr 2023	149.13	139.28
Mar 2023	149.34	138.78
Feb 2023	151.13	139.98
Jan 2023	157.29	144.88
Dec 2022	147.6	134.87
Nov 2022	154.4	141.52
Oct 2022	144.65	132.72
Sep 2022	132.46	121.04
Aug 2022	146.13	133.25
Jul 2022	151.36	138.06
Jun 2022	139.29	127.07
May 2022	155.83	140.24
Apr 2022	155.98	138.84
Mar 2022	167.77	148.5
Feb 2022	165.59	144.64
Jan 2022	168.61	145.95
Dec 2021	177.79	152.61
Nov 2021	167.82	143.61
Oct 2021	173.22	147.51
Sep 2021	165.87	140.08
Aug 2021	172.88	145.61
Jul 2021	169.23	142.24
Jun 2021	167.87	140.42
May 2021	169.38	140.39
Apr 2021	167.53	137.75
Mar 2021	161.37	131.6
Feb 2021	153.25	124.1
Jan 2021	145.25	116.98
Dec 2020	147.06	117.94
Nov 2020	141.33	113.23
Oct 2020	123.58	99.07
Sep 2020	124.32	99.62
Aug 2020	127.7	102.19
Jul 2020	122.86	98.01
Jun 2020	117.61	93.35
May 2020	116.55	92.01
Apr 2020	111.27	87.83
Mar 2020	96.59	76.76
Feb 2020	117.55	93.62
Jan 2020	129.34	102.73
Dec 2019	132.34	104.7
Nov 2019	128.74	101.95
Oct 2019	124.44	98.59
Sep 2019	123.2	97.39
Aug 2019	119.4	94.31
Jul 2019	123.42	97.5
Jun 2019	122.6	96.68
May 2019	114.01	89.9
Apr 2019	122.77	96.59
Mar 2019	119.14	93.24
Feb 2019	118.82	92.47
Jan 2019	115.1	89.2
Dec 2018	105.02	81.23
Nov 2018	115.74	89.81
Oct 2018	112.41	87.52
Sep 2018	121.41	94.36
Aug 2018	121.35	94.2
Jul 2018	119.08	92.39
Jun 2018	115.51	89.61
May 2018	114.58	88.75
Apr 2018	113.41	87.48
Mar 2018	113.44	87.16
Feb 2018	114.76	87.97
Jan 2018	120.57	92.01
Dec 2017	116.13	88.15
Nov 2017	114.64	87.07
Oct 2017	110.45	83.88
Sep 2017	109.19	82.98
Aug 2017	106.64	80.61
Jul 2017	108.04	81.42
Jun 2017	106.27	80.14
May 2017	105.14	79.22
Apr 2017	104.65	78.78
Mar 2017	104.27	78.27
Feb 2017	104.33	78.25
Jan 2017	101.48	75.87
Dec 2016	100.06	74.38
Nov 2016	98.98	73.55
Oct 2016	93.91	69.89
Sep 2016	96.38	71.64
Aug 2016	96.52	71.57
Jul 2016	96.46	71.46
Jun 2016	92.47	68.62
May 2016	92.83	68.66
Apr 2016	91.96	67.74
Mar 2016	91.25	66.9
Feb 2016	84.87	61.96
Jan 2016	84.11	61.35
Dec 2015	89.21	64.96
Nov 2015	91.17	66.62
Oct 2015	90.7	66.41
Sep 2015	84.73	62.08
Aug 2015	87.24	64.01
Jul 2015	92.15	67.71
Jun 2015	91.28	67.06
May 2015	93.72	68.62
Apr 2015	93.52	68.13
Mar 2015	93.33	67.85
Feb 2015	94.8	68.51
Jan 2015	90.05	64.8
Dec 2014	92.33	66.75
Nov 2014	91.55	66.56
Oct 2014	88.69	64.83
Sep 2014	85.87	62.93
Aug 2014	88.22	64.6
Jul 2014	84.52	62
Jun 2014	86.5	63.48
May 2014	84.26	61.71
Apr 2014	82.77	60.41
Mar 2014	82.72	60.18
Feb 2014	82.75	59.82
Jan 2014	78.85	56.79
Dec 2013	81.56	58.52
Nov 2013	79.27	56.88
Oct 2013	77.39	55.64
Sep 2013	74.02	53.36
Aug 2013	71.18	51.26
Jul 2013	73.41	52.8
Jun 2013	69.53	49.98
May 2013	70.56	50.61
Apr 2013	68.84	49.28
Mar 2013	67.62	48.46
Feb 2013	64.96	46.44
Jan 2013	64.87	45.99
Dec 2012	61.08	43.18
Nov 2012	59.57	42.22
Oct 2012	58.54	41.69
Sep 2012	59	42.04
Aug 2012	58.04	41.17
Jul 2012	56.63	39.94
Jun 2012	56.47	39.9
May 2012	54.29	38.41
Apr 2012	58.3	41.3
Mar 2012	58.92	41.61
Feb 2012	58.02	40.67
Jan 2012	56.03	39.1
Dec 2011	53.25	37
Nov 2011	53.04	36.94
Oct 2011	53.46	37.27
Sep 2011	47.19	32.96
Aug 2011	51.96	36.24
Jul 2011	55.64	38.7
Jun 2011	57.78	40.15
May 2011	58.78	40.89
Apr 2011	59.42	41.14
Mar 2011	57.98	39.89
Feb 2011	58.07	39.56
Jan 2011	56.1	38.04
Dec 2010	55.2	37.25
Nov 2010	51.57	34.74
Oct 2010	51.18	34.46
Sep 2010	49.48	33.27
Aug 2010	44.93	30.2
Jul 2010	47.24	31.71
Jun 2010	44.01	29.53
May 2010	46.93	31.52
Apr 2010	50.7	34.03
Mar 2010	49.47	33.15
Feb 2010	46.33	30.92
Jan 2010	44.48	29.68
Dec 2009	46.16	30.69
Nov 2009	44.05	29.34
Oct 2009	41.77	27.8
Sep 2009	43.41	28.87
Aug 2009	41.26	27.42
Jul 2009	39.14	25.95
Jun 2009	35.79	23.77
May 2009	36.54	24.06
Apr 2009	34.42	22.6
Mar 2009	29.07	19.04
Feb 2009	26.44	17.27
Jan 2009	29.93	19.45
Dec 2008	32.79	21.23
Nov 2008	31.48	20.59
Oct 2008	34.17	22.79
Sep 2008	42.77	28.81
Aug 2008	47.93	32.33
Jul 2008	46.37	31.4
Jun 2008	46.85	31.56
May 2008	52.48	35.01
Apr 2008	51.56	34.1
Mar 2008	49.06	32.26
Feb 2008	50.43	32.87
Jan 2008	52.14	33.89
Dec 2007	54.76	35.41
Nov 2007	55.67	36.03
Oct 2007	58.74	37.78
Sep 2007	58.21	37.36
Aug 2007	56.95	36.46
Jul 2007	56.8	36.43
Jun 2007	59.47	38.15
May 2007	60.71	38.87
Apr 2007	59.17	37.65
Mar 2007	57.04	36.06
Feb 2007	57.09	35.77
Jan 2007	57.67	35.94
Dec 2006	56.48	35.09
Nov 2006	56.25	34.9
Oct 2006	54.8	34.05
Sep 2006	52.53	32.81
Aug 2006	51.05	32.05
Jul 2006	49.78	31.19
Jun 2006	50.6	31.61
May 2006	50.85	31.7
Apr 2006	52.66	32.67
Mar 2006	52.65	32.39
Feb 2006	51.86	31.73
Jan 2006	51.79	31.62
Dec 2005	50.16	30.4
Nov 2005	49.7	30.23
Oct 2005	47.15	28.92
Sep 2005	48.55	29.71
Aug 2005	48.9	29.57
Jul 2005	49.58	29.83
Jun 2005	47.39	28.38
May 2005	46.7	27.95
Apr 2005	44.64	26.75
Mar 2005	46.43	27.63
Feb 2005	47.44	28.01
Jan 2005	46.72	27.43
Dec 2004	48.3	28.3
Nov 2004	46.4	27.29
Oct 2004	43.89	25.79
Sep 2004	43.09	25.2
Aug 2004	42.1	24.56
Jul 2004	42.17	24.59
Jun 2004	44.12	25.77
May 2004	42.96	25.01
Apr 2004	42.47	24.58
Mar 2004	43.63	25.17
Feb 2004	44.21	25.35
Jan 2004	43.62	24.87
Dec 2003	42.82	24.3
Nov 2003	40.67	23.1
Oct 2003	39.72	22.62
Sep 2003	37.11	21.16
Aug 2003	37.79	21.48
Jul 2003	36.36	20.59
Jun 2003	35.57	20.11
May 2003	35.3	19.94

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 September 30, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	4.51%	7.66%
Last 3 years	12.72%	16.16%
Last 5 years	8.82%	13.75%
Last 10 years	8.39%	11.82%
Last 20 years	7.05%	9.71%

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 102.63% nominal gain, but the real return (the actual increase in buying power) was 61.38%.

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 2020 - Sep 2025	$202.63	102.63%	61.38%
Last 10 years Feb 2015 - Sep 2025	$276.91	176.91%	100.11%

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 Dec 4, 2025	191.55
Highest Oct 27, 2025	192.11
Highest, Inflation-Adjusted Oct 27, 2025	192.11
Annualized return Since May 1, 2003	10.99%
Annualized return, Inflation-Adjusted Since May 1, 2003	8.22%