IVV vs RSPM
iShares Core S&P 500 ETF vs Invesco S&P 500 Equal Weight Materials ETF
Quick Verdict
IVV has a lower expense ratio. RSPM delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RSPM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $907.0B | $188M | |
| Dividend Yield | 1.10% | 1.73% | |
| Holdings | 508 | 28 | |
| YTD Return | +12.28% | +17.67% | |
| 1Y Return | +20.94% | +25.51% | |
| 3Y Return (annualized) | +21.81% | +10.39% | |
| 5Y Return (annualized) | +13.05% | +5.95% | |
| Volatility (annualized) | 15.1% | 21.2% | |
| Max Drawdown | -56.5% | -62.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 1, 2006 |
IVV vs RSPM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Equal Weight Materials ETF (RSPM) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while RSPM returned +25.51%. Year to date, IVV is up 12.28% versus a gain of 17.67% for RSPM.
Over three years, IVV compounded at +21.81% per year against +10.39% for RSPM; over five years the annualized figures are +13.05% and +5.95% respectively. Across the full 20-year window we track, RSPM has the edge at +7.97% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPM has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -62.5% for RSPM. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RSPM 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 1.10% against 1.73% for RSPM.
Holdings Overlap
IVV and RSPM share 25 holdings out of 506 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RSPM?
IVV has an expense ratio of 0.03% while RSPM 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 RSPM?
Over the past year IVV returned +20.94% vs +25.51% for RSPM, so RSPM leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.98% vs +7.97% for RSPM. Past performance does not guarantee future results.
Which is riskier, IVV or RSPM?
RSPM has been the more volatile fund at 21.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RSPM -62.5%.
Should I hold both IVV and RSPM?
IVV and RSPM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RSPM?
IVV and RSPM share 25 common holdings with a 1.7% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or RSPM?
IVV yields 1.10% while RSPM yields 1.73%, so RSPM currently pays the higher dividend yield.
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