RSP vs VWIUX
Invesco S&P 500 Equal Weight ETF vs Vanguard Intermediate Term Tax-Exempt Fund admiral class
Quick Verdict
VWIUX has a lower expense ratio. RSP delivered stronger 1-year returns. VWIUX offers more diversification with 15,066 holdings.
Side-by-Side Comparison
| Metric | RSP | VWIUX | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $100.1B | $86.4B | |
| Dividend Yield | 1.49% | 3.13% | |
| Holdings | 511 | 15,066 | |
| YTD Return | +15.88% | -1.81% | |
| 1Y Return | +21.24% | +0.89% | |
| 3Y Return (annualized) | +16.53% | +0.67% | |
| 5Y Return (annualized) | +9.22% | -1.82% | |
| Volatility (annualized) | 16.5% | 5.4% | |
| Max Drawdown | -60.9% | -16.1% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Tax Preferred | |
| Inception | Apr 24, 2003 | Feb 12, 2001 |
RSP vs VWIUX Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard Intermediate Term Tax-Exempt Fund admiral class (VWIUX) is a mutual fund from Vanguard (US). Over the past year RSP returned +21.24% while VWIUX returned +0.89%. Year to date, RSP is up 15.88% versus a loss of 1.81% for VWIUX.
Over three years, RSP compounded at +16.53% per year against +0.67% for VWIUX; over five years the annualized figures are +9.22% and -1.82% respectively. Across the full 5-year window we track, RSP has the edge at +10.12% annualized vs -1.82%. 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 5.4% for VWIUX. 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 -16.1% for VWIUX. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSP charges 0.20% per year while VWIUX charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, RSP currently yields 1.49% against 3.13% for VWIUX.
Holdings Overlap
RSP and VWIUX share 0 holdings out of 2196 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 VWIUX?
RSP has an expense ratio of 0.20% while VWIUX charges 0.09%. VWIUX is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, RSP or VWIUX?
Over the past year RSP returned +21.24% vs +0.89% for VWIUX, so RSP leads on 1-year performance. Over the longest common window we track (5 years), RSP annualized +10.12% vs -1.82% for VWIUX. Past performance does not guarantee future results.
Which is riskier, RSP or VWIUX?
RSP has been the more volatile fund at 16.5% annualized versus 5.4% for VWIUX. Worst drawdown: RSP -60.9% vs VWIUX -16.1%.
Should I hold both RSP and VWIUX?
RSP and VWIUX have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSP and VWIUX?
RSP and VWIUX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2196 unique securities.
Which pays a higher dividend, RSP or VWIUX?
RSP yields 1.49% while VWIUX yields 3.13%, so VWIUX currently pays the higher dividend yield.
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