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. RSP is less concentrated, with 3.2% of the fund in its ten largest positions against 26.1%.
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 | $96.1B | $83.1B |
| Dividend Yield | 1.46% | 2.22% |
| Holdings | 1,533 | 608 |
| YTD Return | +10.05%Best | +10.00% |
| 1Y Return | +11.81% | +13.75%Best |
| 3Y Return (annualized) | +16.61% | +18.81%Best |
| 5Y Return (annualized) | +8.54% | +11.63%Best |
| Volatility (annualized) | 17.4% | 14.6%Best |
| Max Drawdown | -60.9% | -58.8%Best |
| $10,000 over 5 years | $15,064 | $17,334Best |
| Top 10 Weight | 3.2%Best | 26.1% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 24, 2003 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Oct 2, 2026 (19.9 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 19.9 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 +11.81% while VYM returned +13.75%. Year to date, RSP is up 10.05% versus a gain of 10.00% for VYM.
Over three years, RSP compounded at +16.61% per year against +18.81% for VYM; over five years the annualized figures are +8.54% and +11.63% respectively. Across the full 20-year window we track, RSP has the edge at +8.30% annualized vs +6.74%.
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 14.6% 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
50.1% of RSP's money is in holdings VYM also owns. 90.5% of VYM's money is in holdings RSP also owns.
Most of VYM 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 VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
251 positions in common, counted across the 505 positions we hold weights for in RSP and 557 in VYM, against full books of 1,533 and 608.
What only one of them owns
Our book lists 278 positions for VYM that do not appear in our book for RSP (6.8% of the fund), and 250 for RSP that do not appear in VYM (49.3%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.19% | 7.35% | 7.16% |
| JPMJpmorgan Chase | 0.22% | 3.82% | 3.60% |
| XOMExxon Mobil Corp. | 0.21% | 2.63% | 2.42% |
| JNJJohnson & Johnson - Common | 0.21% | 2.51% | 2.30% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.18% | 1.86% | 1.68% |
| ABBVAbbvie Inc. | 0.22% | 1.80% | 1.58% |
| BACBank of America Corp.: Financials | 0.22% | 1.66% | 1.44% |
| CVXChevron Corp | 0.22% | 1.48% | 1.26% |
| UNHUnitedhealth Group, Inc. | 0.18% | 1.52% | 1.34% |
| CATCaterpillar, Inc. | 0.18% | 1.50% | 1.32% |
90.5% 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 +11.81% vs +13.75% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), RSP annualized +8.30% vs +6.74% 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 14.6% 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?
90.5% of VYM's money is in holdings RSP also owns. 90.5% of VYM's is in holdings RSP also owns. They hold 251 positions in common, counted across the 505 positions we hold weights for in RSP and 557 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. RSP is less concentrated, with 3.2% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.