RSP vs VOO
Invesco S&P 500 Equal Weight ETF vs Vanguard S&P 500 ETF
Which is better, RSP or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. RSP is less concentrated, with 3.2% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RSP | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $96.1B | $1.0T |
| Dividend Yield | 1.46% | 1.04% |
| Holdings | 1,533 | 506 |
| YTD Return | +9.66% | +12.75%Best |
| 1Y Return | +11.68% | +15.60%Best |
| 3Y Return (annualized) | +16.01% | +22.95%Best |
| 5Y Return (annualized) | +8.32% | +13.55%Best |
| Volatility (annualized) | 15.4% | 14.1%Best |
| Max Drawdown | -39.6% | -34.3%Best |
| $10,000 over 5 years | $14,912 | $18,877Best |
| Top 10 Weight | 3.2%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 24, 2003 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 1, 2026 (16.1 years).
RSP vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
RSP vs VOO Performance
Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RSP returned +11.68% while VOO returned +15.60%. Year to date, RSP is up 9.66% versus a gain of 12.75% for VOO.
Over three years, RSP compounded at +16.01% per year against +22.95% for VOO; over five years the annualized figures are +8.32% and +13.55% respectively. Across the full 16-year window we track, VOO has the edge at +13.38% annualized vs +11.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% for VOO. 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 -39.6% for RSP and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 VOO 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 1.46% against 1.04% for VOO.
Holdings Overlap
97.2% of RSP's money is in holdings VOO also owns. 99.2% of VOO's money is in holdings RSP also owns.
Most of VOO is already inside RSP. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, RSP as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
489 positions in common, counted across the 505 positions we hold weights for in RSP and 494 in VOO, against full books of 1,533 and 506.
What only one of them owns
Our book lists 3 positions for VOO that do not appear in our book for RSP (0.2% of the fund), and 15 for RSP that do not appear in VOO (2.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RSP | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.21% | 7.55% | 7.34% |
| AAPLApple, Inc | 0.22% | 7.05% | 6.83% |
| MSFTMicrosoft Corp | 0.24% | 5.36% | 5.12% |
| AMZNAmazon.Com Inc | 0.21% | 4.13% | 3.92% |
| GOOGLAlphabet Inc,class A | 0.10% | 3.24% | 3.14% |
| AVGOBroadcom Inc | 0.19% | 2.86% | 2.67% |
| GOOGAlphabet Inc. C | 0.08% | 2.62% | 2.54% |
| METAMeta Platforms Inc | 0.22% | 1.90% | 1.68% |
| JPMJpmorgan Chase | 0.22% | 1.46% | 1.24% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.20% | 1.46% | 1.26% |
99.2% of VOO is already inside RSP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RSP or VOO?
RSP has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, RSP or VOO?
Over the past year RSP returned +11.68% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RSP annualized +11.33% vs +13.38% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSP or VOO?
RSP has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: RSP -39.6% vs VOO -34.3%.
Should I hold both RSP and VOO?
RSP and VOO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between RSP and VOO?
99.2% of VOO's money is in holdings RSP also owns. 99.2% of VOO's is in holdings RSP also owns. They hold 489 positions in common, counted across the 505 positions we hold weights for in RSP and 494 in VOO.
Which pays a higher dividend, RSP or VOO?
RSP yields 1.46% while VOO yields 1.04%, so RSP currently pays the higher dividend yield.
Is VOO better than RSP?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. RSP is less concentrated, with 3.2% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.