RSP vs VGSH
Invesco S&P 500 Equal Weight ETF vs Vanguard Short Term Treasury ETF
Quick Verdict
VGSH has a lower expense ratio. RSP delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | RSP | VGSH | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $97.4B | $29.4B | |
| Dividend Yield | 1.51% | 3.87% | |
| Holdings | 510 | 94 | |
| YTD Return | +16.43% | +0.81% | |
| 1Y Return | +20.73% | +2.53% | |
| 3Y Return (annualized) | +15.53% | +4.29% | |
| 5Y Return (annualized) | +9.20% | +1.90% | |
| Volatility (annualized) | 16.5% | 1.4% | |
| Max Drawdown | -60.9% | -6.7% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Apr 24, 2003 | Nov 19, 2009 |
RSP vs VGSH Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Short Term Treasury ETF (VGSH) is a ETF from Vanguard (US). Over the past year RSP returned +20.73% while VGSH returned +2.53%. Year to date, RSP is up 16.43% versus a gain of 0.81% for VGSH.
Over three years, RSP compounded at +15.53% per year against +4.29% for VGSH; over five years the annualized figures are +9.20% and +1.90% respectively. Across the full 17-year window we track, RSP has the edge at +10.15% annualized vs +0.71%. 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 1.4% for VGSH. 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 -6.7% for VGSH. 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VGSH 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 3.87% for VGSH.
Holdings Overlap
RSP and VGSH share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or VGSH?
RSP has an expense ratio of 0.20% while VGSH charges 0.03%. VGSH is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, RSP or VGSH?
Over the past year RSP returned +20.73% vs +2.53% for VGSH, so RSP leads on 1-year performance. Over the longest common window we track (17 years), RSP annualized +10.15% vs +0.71% for VGSH. Past performance does not guarantee future results.
Which is riskier, RSP or VGSH?
RSP has been the more volatile fund at 16.5% annualized versus 1.4% for VGSH. Worst drawdown: RSP -60.9% vs VGSH -6.7%.
Should I hold both RSP and VGSH?
RSP and VGSH have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VGSH?
RSP and VGSH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, RSP or VGSH?
RSP yields 1.51% while VGSH yields 3.87%, so VGSH currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.