IVV vs RSPC
iShares Core S&P 500 ETF vs Invesco S&P 500 Equal Weight Communication Services 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 | RSPC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $56M | |
| Dividend Yield | 1.09% | 1.84% | |
| Holdings | 508 | 27 | |
| YTD Return | +13.72% | -7.50% | |
| 1Y Return | +21.64% | -1.77% | |
| 3Y Return (annualized) | +21.55% | +10.23% | |
| 5Y Return (annualized) | +13.27% | -0.01% | |
| Volatility (annualized) | 15.1% | 20.0% | |
| Max Drawdown | -56.5% | -38.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 7, 2018 |
IVV vs RSPC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while RSPC returned -1.77%. Year to date, IVV is up 13.72% versus a loss of 7.50% for RSPC.
Over three years, IVV compounded at +21.55% per year against +10.23% for RSPC; over five years the annualized figures are +13.27% and -0.01% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +5.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPC has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -38.0% for RSPC. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RSPC charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.84% for RSPC.
Holdings Overlap
IVV and RSPC share 23 holdings out of 507 unique holdings combined, representing a 8.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RSPC?
IVV has an expense ratio of 0.03% while RSPC charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or RSPC?
Over the past year IVV returned +21.64% vs -1.77% for RSPC, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.04% vs +5.73% for RSPC. Past performance does not guarantee future results.
Which is riskier, IVV or RSPC?
RSPC has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RSPC -38.0%.
Should I hold both IVV and RSPC?
IVV and RSPC have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RSPC?
IVV and RSPC share 23 common holdings with a 8.7% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or RSPC?
IVV yields 1.09% while RSPC yields 1.84%, so RSPC currently pays the higher dividend yield.
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