Verdicts genuinely change. Free email alert the moment RSPM's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco S&P 500 Equal Weight Materials ETF ETF · Invesco Exchange-Traded Fund Trust
29 holdings · as of 2026-07-31 (2.4 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 104% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 32.58% of portfolio weight is in non-compliant holdings, over the 5% threshold.
29 holdings, 26 matched (96% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.48% of this portfolio’s income is non-permissible — weighted across holdings, computed over 88% of portfolio weight (24 of 29 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
64.6% compliant 0.0% questionable 31.2% non-compliant 4.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| IP International Paper Co. | NON_COMPLIANT | 4.72% | AAOIFI50.2% Usmani27.3% Dow Jones Islamic47.6% S&P Shariah55.5% MSCI Islamic27.1% MSCI Islamic M-Series55.5% FTSE Shariah25.2% |
| BALL Ball Corp. | NON_COMPLIANT | 4.37% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SW Smurfit Westrock PLC | NON_COMPLIANT | 4.35% | AAOIFI61.2% Usmani31.3% Dow Jones Islamic62.7% S&P Shariah90.7% MSCI Islamic31.3% MSCI Islamic M-Series90.7% FTSE Shariah31.3% |
| AMCR Amcor PLC | NON_COMPLIANT | 4.33% | AAOIFI71.8% Usmani41.9% Dow Jones Islamic93.4% S&P Shariah101.7% MSCI Islamic41.8% MSCI Islamic M-Series101.7% FTSE Shariah38.9% |
| CF CF Industries Holdings, Inc. | COMPLIANT | 4.22% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| PKG Packaging Corp. of America | COMPLIANT | 4.18% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| SHW Sherwin-Williams Co. (The) | COMPLIANT | 4.13% | AAOIFI18.0% Usmani52.7% Dow Jones Islamic16.6% S&P Shariah17.3% MSCI Islamic52.7% MSCI Islamic M-Series17.3% FTSE Shariah44.8% |
| MOS Mosaic Co. (The) | NON_COMPLIANT | 4.11% | AAOIFI60.0% Usmani20.5% Dow Jones Islamic59.7% S&P Shariah57.0% MSCI Islamic20.5% MSCI Islamic M-Series57.0% FTSE Shariah19.6% |
| AVY Avery Dennison Corp. | COMPLIANT | 4.01% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ECL Ecolab Inc. | COMPLIANT | 3.98% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| IFF International Flavors & Fragrances Inc. | NON_COMPLIANT | 3.93% | AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7% |
| APD Air Products and Chemicals, Inc. | COMPLIANT | 3.93% | AAOIFI0.9% Usmani1.5% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic1.5% MSCI Islamic M-Series1.0% FTSE Shariah0.3% |
| CTVA Corteva, Inc. | COMPLIANT | 3.89% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| NUE Nucor Corp. | COMPLIANT | 3.78% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| DD DuPont de Nemours, Inc. | COMPLIANT | 3.73% | AAOIFI17.6% Usmani14.8% Dow Jones Islamic12.1% S&P Shariah11.4% MSCI Islamic14.8% MSCI Islamic M-Series11.4% FTSE Shariah14.8% |
| NEM Newmont Corp. | COMPLIANT | 3.72% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| FCX Freeport-McMoRan Inc. | COMPLIANT | 3.72% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| VMC Vulcan Materials Co. | COMPLIANT | 3.63% | AAOIFI14.1% Usmani30.1% Dow Jones Islamic13.9% S&P Shariah14.6% MSCI Islamic30.1% MSCI Islamic M-Series14.6% FTSE Shariah26.6% |
| PPG PPG Industries, Inc. | COMPLIANT | 3.60% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| LYB LyondellBasell Industries N.V. | NON_COMPLIANT | 3.51% | AAOIFI62.2% Usmani37.0% Dow Jones Islamic65.8% S&P Shariah58.8% MSCI Islamic37.0% MSCI Islamic M-Series58.8% FTSE Shariah33.2% |
| CRH CRH PLC | COMPLIANT | 3.50% | AAOIFI31.8% Usmani33.7% Dow Jones Islamic27.6% S&P Shariah30.6% MSCI Islamic32.7% MSCI Islamic M-Series30.6% FTSE Shariah30.4% |
| MLM Martin Marietta Materials, Inc. | COMPLIANT | 3.50% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| LIN Linde PLC | COMPLIANT | 3.46% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| STLD Steel Dynamics, Inc. | COMPLIANT | 3.45% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| DOW Dow Inc. | NON_COMPLIANT | 3.26% | AAOIFI91.5% Usmani32.7% Dow Jones Islamic88.2% S&P Shariah76.2% MSCI Islamic32.7% MSCI Islamic M-Series76.2% FTSE Shariah30.2% |
| Invesco Private Prime Fund | UNSCREENED | 3.13% | no in-house ratios for this holding |
| ALB Albemarle Corp. | COMPLIANT | 2.94% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| Invesco Private Government Fund | UNSCREENED | 1.20% | no in-house ratios for this holding |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.04% | no in-house ratios for this holding |
The published standards disagree about this fund by 15 points of portfolio weight — 71.0% of it passes FTSE Shariah, 56.3% passes AAOIFI. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 56.3% ratios fail on 31.4% 16.7% not rated under AAOIFI
ratios pass on 60.4% ratios fail on 27.2% 16.7% not rated under Usmani
ratios pass on 63.4% ratios fail on 24.3% 16.7% not rated under Dow Jones Islamic
ratios pass on 63.4% ratios fail on 24.3% 16.7% not rated under S&P Shariah
ratios pass on 60.0% ratios fail on 27.6% 16.7% not rated under MSCI Islamic
ratios pass on 63.4% ratios fail on 24.3% 16.7% not rated under MSCI Islamic M-Series
ratios pass on 71.0% ratios fail on 16.6% 16.7% not rated under FTSE Shariah
26 of 29 listed holdings carry our own per-methodology verdicts (100% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (92% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco S&P 500 Equal Weight Materials ETF (RSPM) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
Computing the full ratio and business-activity breakdown for RSPM — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 38.50 | NEUTRAL |
| Stochastic %K (14) | 38.40 | NEUTRAL |
| CCI (20) | -59.95 | NEUTRAL |
| Williams %R (14) | -61.60 | NEUTRAL |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -1.89 | SELL |
| Momentum (10) | -0.72 | SELL |
| EMA (10) | 37.57 | SELL |
| SMA (10) | 37.42 | SELL |
| EMA (20) | 38.00 | SELL |
| SMA (20) | 37.97 | SELL |
| EMA (30) | 38.34 | SELL |
| SMA (30) | 38.62 | SELL |
| EMA (50) | 38.67 | SELL |
| SMA (50) | 39.27 | SELL |
| EMA (100) | 38.66 | SELL |
| SMA (100) | 38.93 | SELL |
| EMA (200) | 37.60 | SELL |
| SMA (200) | 38.42 | SELL |
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of securities of all companies included in the S&P 500® Index that are classified as members of the materials sector, as defined according to the Global Industry Classification Standard (“GICS®”).
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| 🕐 1H | BEARISH | 36 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.