RSP vs VYM
Invesco S&P 500 Equal Weight ETF vs Vanguard High Dividend Yield ETF
Which is better, RSP or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. RSP led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.20% | 0.04%Best |
| AUM | $99.6B | $81.6B |
| Dividend Yield | 1.46% | 2.22% |
| Holdings | 511 | 613 |
| YTD Return | +12.32% | +13.91%Best |
| 1Y Return | +14.77% | +17.57%Best |
| 3Y Return (annualized) | +15.06% | +18.12%Best |
| 5Y Return (annualized) | +8.56% | +12.17%Best |
| Volatility (annualized) | 17.4% | 14.5%Best |
| Max Drawdown | -60.9% | -58.8%Best |
| $10,000 over 5 years | $15,078 | $17,758Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 24, 2003 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 11, 2026 (19.8 years).
RSP vs VYM 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 19.8 years both funds cover.
RSP vs VYM Performance
Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year RSP returned +14.77% while VYM returned +17.57%. Year to date, RSP is up 12.32% versus a gain of 13.91% for VYM.
Over three years, RSP compounded at +15.06% per year against +18.12% for VYM; over five years the annualized figures are +8.56% and +12.17% respectively. Across the full 20-year window we track, RSP has the edge at +8.43% annualized vs +6.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 14.5% for VYM. 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 -58.8% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, RSP currently yields 1.46% against 2.22% for VYM.
Holdings Overlap
At least 78.8% of VYM's money is in holdings RSP also owns.
Stated as a floor: for RSP, our book for it covers 91.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of VYM is already inside RSP. Owning both mostly buys the same companies twice.
222 positions in common, counted across the 463 positions we hold weights for in RSP and 603 in VYM, against full books of 511 and 613.
Top Shared Holdings
| Stock | Weight in RSP | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.21% | 7.29% | 7.08% |
| JPMJpmorgan Chase & Co. | 0.22% | 3.38% | 3.16% |
| XOMExxon Mobil Corp. | 0.19% | 2.36% | 2.17% |
| CATCaterpillar, Inc. | 0.19% | 2.01% | 1.82% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.19% | 1.93% | 1.74% |
| ABBVAbbvie Inc. | 0.20% | 1.85% | 1.65% |
| BACBank Of America Corp. | 0.22% | 1.56% | 1.34% |
| UNHUnitedhealth Group, Inc. | 0.19% | 1.56% | 1.37% |
| PGProcter & Gamble Company | 0.19% | 1.42% | 1.23% |
| KOCoca Cola Co. | 0.19% | 1.31% | 1.12% |
78.8% of VYM 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 VYM?
RSP has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, RSP or VYM?
Over the past year RSP returned +14.77% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), RSP annualized +8.43% vs +6.95% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSP or VYM?
RSP has been the more volatile fund at 17.4% annualized versus 14.5% for VYM. Worst drawdown: RSP -60.9% vs VYM -58.8%.
Should I hold both RSP and VYM?
RSP and VYM 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 VYM?
At least 78.8% of VYM's money is in holdings RSP also owns. Our book for RSP is partial, so the real figure is this or higher. They hold 222 positions in common, counted across the 463 positions we hold weights for in RSP and 603 in VYM.
Which pays a higher dividend, RSP or VYM?
RSP yields 1.46% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than RSP?
VYM has a lower expense ratio. RSP led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.