RSP vs VGHAX
Invesco S&P 500 Equal Weight ETF vs Vanguard Health Care Fund Admiral Shares
Quick Verdict
RSP has a lower expense ratio. VGHAX delivered stronger 1-year returns. RSP offers more diversification with 511 holdings.
Side-by-Side Comparison
| Metric | RSP | VGHAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.27% | |
| AUM | $100.1B | $32.8B | |
| Dividend Yield | 1.49% | 6.45% | |
| Holdings | 511 | 109 | |
| YTD Return | +15.15% | +7.13% | |
| 1Y Return | +20.06% | +24.36% | |
| 3Y Return (annualized) | +16.13% | +1.32% | |
| 5Y Return (annualized) | +9.24% | -2.07% | |
| Volatility (annualized) | 16.5% | 15.7% | |
| Max Drawdown | -60.9% | -33.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Nov 12, 2001 |
RSP vs VGHAX Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Health Care Fund Admiral Shares (VGHAX) is a mutual fund from Vanguard (US). Over the past year RSP returned +20.06% while VGHAX returned +24.36%. Year to date, RSP is up 15.15% versus a gain of 7.13% for VGHAX.
Over three years, RSP compounded at +16.13% per year against +1.32% for VGHAX; over five years the annualized figures are +9.24% and -2.07% respectively. Across the full 5-year window we track, RSP has the edge at +10.09% annualized vs -2.07%. 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 15.7% for VGHAX. 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 -33.6% for VGHAX. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VGHAX charges 0.27%. On a $10,000 position that is $20 vs $27 annually, a gap of $7 per year that compounds over a long holding period. On income, RSP currently yields 1.49% against 6.45% for VGHAX.
Holdings Overlap
RSP and VGHAX share 24 holdings out of 495 unique holdings combined, representing a 5.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or VGHAX?
RSP has an expense ratio of 0.20% while VGHAX charges 0.27%. RSP is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, RSP or VGHAX?
Over the past year RSP returned +20.06% vs +24.36% for VGHAX, so VGHAX leads on 1-year performance. Over the longest common window we track (5 years), RSP annualized +10.09% vs -2.07% for VGHAX. Past performance does not guarantee future results.
Which is riskier, RSP or VGHAX?
RSP has been the more volatile fund at 16.5% annualized versus 15.7% for VGHAX. Worst drawdown: RSP -60.9% vs VGHAX -33.6%.
Should I hold both RSP and VGHAX?
RSP and VGHAX have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VGHAX?
RSP and VGHAX share 24 common holdings with a 5.0% weight overlap. Combined, they hold 495 unique securities.
Which pays a higher dividend, RSP or VGHAX?
RSP yields 1.49% while VGHAX yields 6.45%, so VGHAX currently pays the higher dividend yield.
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