RSP vs VOE
Invesco S&P 500 Equal Weight ETF vs Vanguard Mid-Cap Value ETF
Quick Verdict
VOE has a lower expense ratio. VOE delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | RSP | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.05% | |
| AUM | $97.4B | $22.9B | |
| Dividend Yield | 1.51% | 2.31% | |
| Holdings | 510 | 177 | |
| YTD Return | +16.43% | +18.67% | |
| 1Y Return | +20.73% | +25.06% | |
| 3Y Return (annualized) | +15.53% | +17.05% | |
| 5Y Return (annualized) | +9.20% | +10.16% | |
| Volatility (annualized) | 16.5% | 17.6% | |
| Max Drawdown | -60.9% | -63.4% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Aug 17, 2006 |
RSP vs VOE Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year RSP returned +20.73% while VOE returned +25.06%. Year to date, RSP is up 16.43% versus a gain of 18.67% for VOE.
Over three years, RSP compounded at +15.53% per year against +17.05% for VOE; over five years the annualized figures are +9.20% and +10.16% respectively. Across the full 20-year window we track, RSP has the edge at +10.15% annualized vs +8.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.5% for RSP. 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 -63.4% for VOE. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RSP charges 0.20% per year while VOE charges 0.05%. On a $10,000 position that is $20 vs $5 annually, a gap of $15 per year that compounds over a long holding period. On income, RSP currently yields 1.51% against 2.31% for VOE.
Holdings Overlap
RSP and VOE share 129 holdings out of 473 unique holdings combined, representing a 24.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or VOE?
RSP has an expense ratio of 0.20% while VOE charges 0.05%. VOE is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, RSP or VOE?
Over the past year RSP returned +20.73% vs +25.06% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (20 years), RSP annualized +10.15% vs +8.02% for VOE. Past performance does not guarantee future results.
Which is riskier, RSP or VOE?
VOE has been the more volatile fund at 17.6% annualized versus 16.5% for RSP. Worst drawdown: RSP -60.9% vs VOE -63.4%.
Should I hold both RSP and VOE?
RSP and VOE have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between RSP and VOE?
RSP and VOE share 129 common holdings with a 24.6% weight overlap. Combined, they hold 473 unique securities.
Which pays a higher dividend, RSP or VOE?
RSP yields 1.51% while VOE yields 2.31%, so VOE currently pays the higher dividend yield.
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