RSP vs VDIGX
Invesco S&P 500 Equal Weight ETF vs Vanguard Dividend Growth Fund Investor Class
Quick Verdict
RSP has a lower expense ratio. RSP delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | RSP | VDIGX | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.22% | |
| AUM | $97.4B | $36.4B | |
| Dividend Yield | 1.51% | 1.87% | |
| Holdings | 510 | 55 | |
| YTD Return | +15.57% | -0.30% | |
| 1Y Return | +21.55% | -9.13% | |
| 3Y Return (annualized) | +15.26% | -3.20% | |
| 5Y Return (annualized) | +9.04% | -3.00% | |
| Volatility (annualized) | 16.5% | 16.1% | |
| Max Drawdown | -60.9% | -32.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | May 15, 1992 |
RSP vs VDIGX Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Dividend Growth Fund Investor Class (VDIGX) is a mutual fund from Vanguard (US). Over the past year RSP returned +21.55% while VDIGX returned -9.13%. Year to date, RSP is up 15.57% versus a loss of 0.30% for VDIGX.
Over three years, RSP compounded at +15.26% per year against -3.20% for VDIGX; over five years the annualized figures are +9.04% and -3.00% respectively. Across the full 5-year window we track, RSP has the edge at +10.12% annualized vs -3.00%. 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 16.1% for VDIGX. 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 -32.6% for VDIGX. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSP charges 0.20% per year while VDIGX charges 0.22%. On a $10,000 position that is $20 vs $22 annually, a gap of $2 per year that compounds over a long holding period. On income, RSP currently yields 1.51% against 1.87% for VDIGX.
Holdings Overlap
RSP and VDIGX share 41 holdings out of 439 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or VDIGX?
RSP has an expense ratio of 0.20% while VDIGX charges 0.22%. RSP is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, RSP or VDIGX?
Over the past year RSP returned +21.55% vs -9.13% for VDIGX, so RSP leads on 1-year performance. Over the longest common window we track (5 years), RSP annualized +10.12% vs -3.00% for VDIGX. Past performance does not guarantee future results.
Which is riskier, RSP or VDIGX?
RSP has been the more volatile fund at 16.5% annualized versus 16.1% for VDIGX. Worst drawdown: RSP -60.9% vs VDIGX -32.6%.
Should I hold both RSP and VDIGX?
RSP and VDIGX have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VDIGX?
RSP and VDIGX share 41 common holdings with a 7.8% weight overlap. Combined, they hold 439 unique securities.
Which pays a higher dividend, RSP or VDIGX?
RSP yields 1.51% while VDIGX yields 1.87%, so VDIGX currently pays the higher dividend yield.
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