IVV vs RSP
iShares Core S&P 500 ETF vs Invesco S&P 500 Equal Weight ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RSP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $97.4B | |
| Dividend Yield | 1.09% | 1.51% | |
| Holdings | 508 | 510 | |
| YTD Return | +13.72% | +15.57% | |
| 1Y Return | +21.64% | +21.55% | |
| 3Y Return (annualized) | +21.55% | +15.26% | |
| 5Y Return (annualized) | +13.27% | +9.04% | |
| Volatility (annualized) | 15.1% | 16.5% | |
| Max Drawdown | -56.5% | -60.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 24, 2003 |
IVV vs RSP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while RSP returned +21.55%. Year to date, IVV is up 13.72% versus a gain of 15.57% for RSP.
Over three years, IVV compounded at +21.55% per year against +15.26% for RSP; over five years the annualized figures are +13.27% and +9.04% respectively. Across the full 23-year window we track, RSP has the edge at +10.12% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -60.9% for RSP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while RSP charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.51% for RSP.
Holdings Overlap
IVV and RSP share 422 holdings out of 516 unique holdings combined, representing a 36.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RSP?
IVV has an expense ratio of 0.03% while RSP charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or RSP?
Over the past year IVV returned +21.64% vs +21.55% for RSP, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +7.04% vs +10.12% for RSP. Past performance does not guarantee future results.
Which is riskier, IVV or RSP?
RSP has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RSP -60.9%.
Should I hold both IVV and RSP?
IVV and RSP have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and RSP?
IVV and RSP share 422 common holdings with a 36.8% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or RSP?
IVV yields 1.09% while RSP yields 1.51%, so RSP currently pays the higher dividend yield.
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