RSP vs VCSH
Invesco S&P 500 Equal Weight ETF vs Vanguard Short Term Corporate Bond ETF
Quick Verdict
VCSH has a lower expense ratio. RSP delivered stronger 1-year returns. VCSH offers more diversification with 2440 holdings.
Side-by-Side Comparison
| Metric | RSP | VCSH | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $97.4B | $44.9B | |
| Dividend Yield | 1.51% | 4.44% | |
| Holdings | 510 | 2,719 | |
| YTD Return | +16.43% | +0.86% | |
| 1Y Return | +20.73% | +2.85% | |
| 3Y Return (annualized) | +15.53% | +5.57% | |
| 5Y Return (annualized) | +9.20% | +2.33% | |
| Volatility (annualized) | 16.5% | 2.6% | |
| Max Drawdown | -60.9% | -12.9% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Apr 24, 2003 | Nov 19, 2009 |
RSP vs VCSH Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Short Term Corporate Bond ETF (VCSH) is a ETF from Vanguard (US). Over the past year RSP returned +20.73% while VCSH returned +2.85%. Year to date, RSP is up 16.43% versus a gain of 0.86% for VCSH.
Over three years, RSP compounded at +15.53% per year against +5.57% for VCSH; over five years the annualized figures are +9.20% and +2.33% respectively. Across the full 17-year window we track, RSP has the edge at +10.15% annualized vs +1.29%. 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 2.6% for VCSH. 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 -12.9% for VCSH. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VCSH 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 4.44% for VCSH.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, RSP or VCSH?
RSP has an expense ratio of 0.20% while VCSH charges 0.03%. VCSH is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, RSP or VCSH?
Over the past year RSP returned +20.73% vs +2.85% for VCSH, so RSP leads on 1-year performance. Over the longest common window we track (17 years), RSP annualized +10.15% vs +1.29% for VCSH. Past performance does not guarantee future results.
Which is riskier, RSP or VCSH?
RSP has been the more volatile fund at 16.5% annualized versus 2.6% for VCSH. Worst drawdown: RSP -60.9% vs VCSH -12.9%.
Should I hold both RSP and VCSH?
RSP and VCSH have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VCSH?
RSP and VCSH share 2 common holdings with a 0.0% weight overlap. Combined, they hold 2871 unique securities.
Which pays a higher dividend, RSP or VCSH?
RSP yields 1.51% while VCSH yields 4.44%, so VCSH currently pays the higher dividend yield.
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