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Beverage, food, personal care, and household products sub-sectors are undervalued relative to 11-year averages; tobacco is overvalued. The Invesco S&P 500 Equal Weight Consumer Staples ETF offers better valuation and lower company-specific risk than XLP but lags in returns and liquidity. Five stocks cheaper than their peers in April.

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) was launched on 11/01/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Consumer Staples ETFs category of the market.

FSTA charges a much lower expense ratio and is significantly larger than RSPS RSPS offers a higher dividend yield, while FSTA has delivered stronger recent returns and shallower drawdowns FSTA holds over 100 stocks with a heavy tilt to mega-cap staples, while RSPS equally weights just 35 stocks in the sector

VDC carries a much lower expense ratio and has delivered higher one-year returns than RSPS. RSPS pays a higher dividend yield but trails significantly on five-year growth and recent performance.

RSPS charges a higher fee but offers a slightly higher dividend yield than XLP. XLP has outperformed RSPS over the past year and five-year periods, with smaller drawdowns.