S&P 500, equally weighted
This holds the same 500 big US companies as a normal S&P 500 fund, but gives each one a roughly equal slice instead of letting the giants dominate. That means smaller members of the index matter just as much as the biggest. It can behave quite differently from a standard S&P 500 fund.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Less concentrated in a few mega-cap stocks
- Low cost for a factor strategy
- Reinvests dividends automatically
- Can lag when mega-caps lead the market
- Higher turnover from quarterly rebalancing
- More mid-cap risk than plain S&P 500
About this fund
The fund tracks the S&P 500 Equal Weight index, which holds all of the roughly 500 large US companies in the S&P 500 but assigns each a fixed equal weight of about 0.2 percent, rebalanced quarterly. Compared with a standard market-cap S&P 500, it tilts away from the largest mega-cap technology names and toward the average company. It uses full physical replication and reinvests dividends.
Available on Interactive Brokers
Low-cost access to S&P 500, equally weighted and 10,000+ funds worldwide.
Frequently asked questions
Is SPEQ.L accumulating or distributing?
Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for SPEQ.L?
SPEQ.L has a total expense ratio (TER) of 0.20% per year. On a $10,000 holding that is roughly $20 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy SPEQ.L on Interactive Brokers?
Yes. SPEQ.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does SPEQ.L invest in?
Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) tracks the S&P 500 Equal Weight. This holds the same 500 big US companies as a normal S&P 500 fund, but gives each one a roughly equal slice instead of letting the giants dominate. You buy one fund and get the whole basket in a single trade.
Is SPEQ.L a UCITS ETF, and where is it domiciled?
Yes, SPEQ.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is SPEQ.L?
On the TickerCompare 1 to 5 scale, SPEQ.L is rated medium risk (3/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.