The Invesco S&P 500 Equal Weight Technology ETF (RYT) was launched on 11/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 9, placing it in bottom 44%.Index DetailsThe fund is sponsored by Invesco. It has amassed assets over $1.96 billion, making it one of the larger ETFs attempting to match the performance of the Technology - Broad segment of the equity market. RYT seeks to match the performance of the S&P 500 Equal Weight Information Technology Index before fees and expenses.The S&P 500 Equal Weight Information Technology Index equally weights stocks in the information technology sector of the S&P 500 Index.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.40%, making it one of the least expensive products in the space.It has a 12-month trailing dividend yield of 0.69%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Information Technology sector--about 100% of the portfolio.Looking at individual holdings, Intuit Inc (INTU) accounts for about 1.44% of total assets, followed by Epam Systems Inc (EPAM) and Servicenow Inc (NOW).The top 10 holdings account for about 13.97% of total assets under management.Performance and RiskThe ETF has lost about -25.73% so far this year and is down about -16.86% in the last one year (as of 09/22/2022). In that past 52-week period, it has traded between $229.64 and $327.55.The ETF has a beta of 1.16 and standard deviation of 29.46% for the trailing three-year period, making it a medium risk choice in the space. With about 77 holdings, it effectively diversifies company-specific risk.AlternativesInvesco S&P 500 Equal Weight Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, RYT is an excellent option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $38.76 billion in assets, Vanguard Information Technology ETF has $42.05 billion. XLK has an expense ratio of 0.10% and VGT charges 0.10%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco S&P 500 Equal Weight Technology ETF (RYT): ETF Research Reports Intuit Inc. (INTU): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research