RSP vs SPDW
Invesco S&P 500 Equal Weight ETF vs State Street SPDR Portfolio Developed World ex-US ETF
Quick Verdict
SPDW has a lower expense ratio. SPDW delivered stronger 1-year returns. SPDW offers more diversification with 2348 holdings.
Side-by-Side Comparison
| Metric | RSP | SPDW | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $97.4B | $40.0B | |
| Dividend Yield | 1.51% | 3.02% | |
| Holdings | 510 | 2,440 | |
| YTD Return | +15.37% | +16.26% | |
| 1Y Return | +22.88% | +29.61% | |
| 3Y Return (annualized) | +15.20% | +19.85% | |
| 5Y Return (annualized) | +8.99% | +9.63% | |
| Volatility (annualized) | 16.5% | 17.6% | |
| Max Drawdown | -60.9% | -62.2% | |
| Fund Family | Invesco (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Apr 20, 2007 |
RSP vs SPDW Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a ETF from SPDR State Street Global Advisors. Over the past year RSP returned +22.88% while SPDW returned +29.61%. Year to date, RSP is up 15.37% versus a gain of 16.26% for SPDW.
Over three years, RSP compounded at +15.20% per year against +19.85% for SPDW; over five years the annualized figures are +8.99% and +9.63% respectively. Across the full 19-year window we track, RSP has the edge at +10.11% annualized vs +3.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDW has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.5% for RSP. 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 -60.9% for RSP and -62.2% for SPDW. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSP charges 0.20% per year while SPDW charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, RSP currently yields 1.51% against 3.02% for SPDW.
Holdings Overlap
RSP and SPDW share 6 holdings out of 2775 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or SPDW?
RSP has an expense ratio of 0.20% while SPDW charges 0.03%. SPDW is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, RSP or SPDW?
Over the past year RSP returned +22.88% vs +29.61% for SPDW, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), RSP annualized +10.11% vs +3.15% for SPDW. Past performance does not guarantee future results.
Which is riskier, RSP or SPDW?
SPDW has been the more volatile fund at 17.6% annualized versus 16.5% for RSP. Worst drawdown: RSP -60.9% vs SPDW -62.2%.
Should I hold both RSP and SPDW?
RSP and SPDW have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and SPDW?
RSP and SPDW share 6 common holdings with a 0.1% weight overlap. Combined, they hold 2775 unique securities.
Which pays a higher dividend, RSP or SPDW?
RSP yields 1.51% while SPDW yields 3.02%, so SPDW currently pays the higher dividend yield.
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