RSP vs VIITX
Invesco S&P 500 Equal Weight ETF vs Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class
Quick Verdict
VIITX has a lower expense ratio. RSP delivered stronger 1-year returns. VIITX offers more diversification with 2,599 holdings.
Side-by-Side Comparison
| Metric | RSP | VIITX | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.02% | |
| AUM | $100.1B | - | |
| Dividend Yield | 1.49% | 4.59% | |
| Holdings | 511 | 2,599 | |
| YTD Return | +15.88% | -1.66% | |
| 1Y Return | +21.24% | -1.16% | |
| 3Y Return (annualized) | +16.53% | +0.81% | |
| 5Y Return (annualized) | +9.22% | -2.27% | |
| Volatility (annualized) | 16.5% | 4.2% | |
| Max Drawdown | -60.9% | -15.0% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Apr 24, 2003 | Dec 1, 1997 |
RSP vs VIITX Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class (VIITX) is a mutual fund from Vanguard (US). Over the past year RSP returned +21.24% while VIITX returned -1.16%. Year to date, RSP is up 15.88% versus a loss of 1.66% for VIITX.
Over three years, RSP compounded at +16.53% per year against +0.81% for VIITX; over five years the annualized figures are +9.22% and -2.27% respectively. Across the full 5-year window we track, RSP has the edge at +10.12% annualized vs -2.27%. 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 4.2% for VIITX. 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 -15.0% for VIITX. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VIITX charges 0.02%. On a $10,000 position that is $20 vs $2 annually, a gap of $18 per year that compounds over a long holding period. On income, RSP currently yields 1.49% against 4.59% for VIITX.
Holdings Overlap
RSP and VIITX share 2 holdings out of 1616 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 VIITX?
RSP has an expense ratio of 0.20% while VIITX charges 0.02%. VIITX is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, RSP or VIITX?
Over the past year RSP returned +21.24% vs -1.16% for VIITX, so RSP leads on 1-year performance. Over the longest common window we track (5 years), RSP annualized +10.12% vs -2.27% for VIITX. Past performance does not guarantee future results.
Which is riskier, RSP or VIITX?
RSP has been the more volatile fund at 16.5% annualized versus 4.2% for VIITX. Worst drawdown: RSP -60.9% vs VIITX -15.0%.
Should I hold both RSP and VIITX?
RSP and VIITX have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VIITX?
RSP and VIITX share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1616 unique securities.
Which pays a higher dividend, RSP or VIITX?
RSP yields 1.49% while VIITX yields 4.59%, so VIITX currently pays the higher dividend yield.
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