RSP vs VOT
Invesco S&P 500 Equal Weight ETF vs Vanguard Mid-Cap Growth ETF
Quick Verdict
VOT has a lower expense ratio. RSP delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | RSP | VOT | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.05% | |
| AUM | $97.4B | $19.9B | |
| Dividend Yield | 1.51% | 0.65% | |
| Holdings | 510 | 136 | |
| YTD Return | +15.57% | +10.59% | |
| 1Y Return | +21.55% | +8.73% | |
| 3Y Return (annualized) | +15.26% | +15.72% | |
| 5Y Return (annualized) | +9.04% | +5.72% | |
| Volatility (annualized) | 16.5% | 18.6% | |
| Max Drawdown | -60.9% | -60.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Aug 17, 2006 |
RSP vs VOT Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Mid-Cap Growth ETF (VOT) is a ETF from Vanguard (US). Over the past year RSP returned +21.55% while VOT returned +8.73%. Year to date, RSP is up 15.57% versus a gain of 10.59% for VOT.
Over three years, RSP compounded at +15.26% per year against +15.72% for VOT; over five years the annualized figures are +9.04% and +5.72% respectively. Across the full 20-year window we track, RSP has the edge at +10.12% annualized vs +9.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOT has been the more volatile fund, with annualized monthly volatility of 18.6% 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 -60.3% for VOT. 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 0.92. 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 VOT 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 0.65% for VOT.
Holdings Overlap
RSP and VOT share 86 holdings out of 468 unique holdings combined, representing a 16.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSP or VOT?
RSP has an expense ratio of 0.20% while VOT charges 0.05%. VOT is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, RSP or VOT?
Over the past year RSP returned +21.55% vs +8.73% for VOT, so RSP leads on 1-year performance. Over the longest common window we track (20 years), RSP annualized +10.12% vs +9.68% for VOT. Past performance does not guarantee future results.
Which is riskier, RSP or VOT?
VOT has been the more volatile fund at 18.6% annualized versus 16.5% for RSP. Worst drawdown: RSP -60.9% vs VOT -60.3%.
Should I hold both RSP and VOT?
RSP and VOT have a monthly-return correlation of 0.92, 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 VOT?
RSP and VOT share 86 common holdings with a 16.9% weight overlap. Combined, they hold 468 unique securities.
Which pays a higher dividend, RSP or VOT?
RSP yields 1.51% while VOT yields 0.65%, so RSP currently pays the higher dividend yield.
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