The One Ticker Revealed

Project 2026, the campaign from Larry Benedict’s One Ticker Trader, spends most of its runtime building toward a single reveal. The one ticker is RSP, the Invesco S&P 500 Equal Weight ETF, and the thesis is a rotation play. After the Supreme Court curtailed broad tariff authority, the administration turned to Section 232 and Section 301 reviews, which Benedict argues will push capital out of the market’s giants and into the rest of the index.

Benedict is a genuine hedge fund veteran, one of the traders profiled in Jack Schwager’s “Hedge Fund Market Wizards.” His pitch leans on a claimed 20 consecutive winning years and $274 million in client profits. Our profile of Larry Benedict separates the real credentials from the marketing.

The Fund’s Numbers

RSP is a straightforward product. As of August 12, 2026, it traded at $221.08 against a net asset value of $220.22, held about 505 positions, and managed roughly $99.18 billion in assets. The expense ratio is 0.20% and the dividend yield 1.49%.

The fund gives each S&P 500 company about a 0.20% weight and rebalances quarterly, so it holds the Magnificent Seven but at a fraction of their cap-weighted size. Year to date through mid-August 2026, RSP returned about 13.9% versus 11.6% for the standard S&P 500. Our RSP versus SPY comparison goes deeper on that gap.

The Offer and the Fine Print

The pitch is priced to convert. One Ticker Trader is offered at $19 for the first year, a 96% discount from $499, and renews at $199. Subscribers also get “Larry’s Guide to Options” and “How to Play RSP: Project 2026’s Opening Move.”

The headline performance deserves scrutiny. The campaign cites a 2025 return of 279% against the S&P 500’s 15%, a figure that is not independently verifiable and far above what RSP itself returned. RSP is a real, well-run fund, but it is an index ETF, not a secret weapon. The 279% number, if it is real, came from option trades, not from holding the ETF. Our options primer explains how that layer works.

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