RSP vs VIPIX
Invesco S&P 500 Equal Weight ETF vs Vanguard Inflation Protected Securities Fund Insti Shs
Quick Verdict
VIPIX has a lower expense ratio. RSP delivered stronger 1-year returns. RSP offers more diversification with 511 holdings.
Side-by-Side Comparison
| Metric | RSP | VIPIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.07% | |
| AUM | $100.1B | $12.4B | |
| Dividend Yield | 1.49% | 5.21% | |
| Holdings | 511 | 63 | |
| YTD Return | +15.15% | -0.53% | |
| 1Y Return | +20.06% | -2.41% | |
| 3Y Return (annualized) | +16.13% | +0.00% | |
| 5Y Return (annualized) | +9.24% | -4.69% | |
| Volatility (annualized) | 16.5% | 6.7% | |
| Max Drawdown | -60.9% | -24.5% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Apr 24, 2003 | Dec 12, 2003 |
RSP vs VIPIX Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US). Over the past year RSP returned +20.06% while VIPIX returned -2.41%. Year to date, RSP is up 15.15% versus a loss of 0.53% for VIPIX.
Over three years, RSP compounded at +16.13% per year against +0.00% for VIPIX; over five years the annualized figures are +9.24% and -4.69% respectively. Across the full 5-year window we track, RSP has the edge at +10.09% annualized vs -4.69%. 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 6.7% for VIPIX. 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 -24.5% for VIPIX. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VIPIX charges 0.07%. On a $10,000 position that is $20 vs $7 annually, a gap of $13 per year that compounds over a long holding period. On income, RSP currently yields 1.49% against 5.21% for VIPIX.
Holdings Overlap
RSP and VIPIX share 0 holdings out of 488 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 VIPIX?
RSP has an expense ratio of 0.20% while VIPIX charges 0.07%. VIPIX is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, RSP or VIPIX?
Over the past year RSP returned +20.06% vs -2.41% for VIPIX, so RSP leads on 1-year performance. Over the longest common window we track (5 years), RSP annualized +10.09% vs -4.69% for VIPIX. Past performance does not guarantee future results.
Which is riskier, RSP or VIPIX?
RSP has been the more volatile fund at 16.5% annualized versus 6.7% for VIPIX. Worst drawdown: RSP -60.9% vs VIPIX -24.5%.
Should I hold both RSP and VIPIX?
RSP and VIPIX have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VIPIX?
RSP and VIPIX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 488 unique securities.
Which pays a higher dividend, RSP or VIPIX?
RSP yields 1.49% while VIPIX yields 5.21%, so VIPIX currently pays the higher dividend yield.
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