RSP vs XLK
Invesco S&P 500 Equal Weight ETF vs State Street Technology Select Sector SPDR ETF
Which is better, RSP or XLK?
Large Cap Blend against Large Cap Growth.
XLK has a lower expense ratio. XLK led over 1Y, 3Y, 5Y and the full window. RSP is less concentrated, with 2.6% of the fund in its ten largest positions against 64.1%.
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 | XLK |
|---|---|---|
| Expense Ratio | 0.20% | 0.08%Best |
| AUM | $101.9B | $109.6B |
| Dividend Yield | 1.45% | 0.47% |
| Holdings | 1,021 | 152 |
| YTD Return | +16.83% | +21.27%Best |
| 1Y Return | +19.23% | +19.62%Best |
| 3Y Return (annualized) | +18.36% | +25.85%Best |
| 5Y Return (annualized) | +8.43% | +16.97%Best |
| Volatility (annualized) | 16.5%Best | 18.7% |
| Max Drawdown | -60.9% | -53.6%Best |
| $10,000 over 5 years | $14,988 | $21,896Best |
| Top 10 Weight | 2.6%Best | 64.1% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 24, 2003 | Dec 16, 1998 |
Volatility and max drawdown are measured over the window both funds cover: Apr 30, 2003 to Nov 11, 2026 (23.5 years).
RSP vs XLK 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 23.5 years both funds cover.
RSP vs XLK Performance
Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US) and State Street Technology Select Sector SPDR ETF (XLK) is an ETF from State Street Investment Management. Over the past year RSP returned +19.23% while XLK returned +19.62%. Year to date, RSP is up 16.83% versus a gain of 21.27% for XLK.
Over three years, RSP compounded at +18.36% per year against +25.85% for XLK; over five years the annualized figures are +8.43% and +16.97% respectively. Across the full 24-year window we track, XLK has the edge at +14.32% annualized vs +10.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLK has been the more volatile fund, with annualized monthly volatility of 18.7% 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 -53.6% for XLK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSP charges 0.20% per year while XLK charges 0.08%. On a $10,000 position that is $20 vs $8 annually, a gap of $12 per year that compounds over a long holding period. On income, RSP currently yields 1.45% against 0.47% for XLK.
Holdings Overlap
14.6% of RSP's money is in holdings XLK also owns. 98.9% of XLK's money is in holdings RSP also owns.
Most of XLK is already inside RSP. Owning both mostly buys the same companies twice.
72 positions in common, counted across the 504 positions we hold weights for in RSP and 74 in XLK, against full books of 1,021 and 152.
What only one of them owns
Our book lists 1 positions for XLK that do not appear in our book for RSP (0.2% of the fund), and 430 for RSP that do not appear in XLK (84.8%).
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 XLK | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.19% | 15.51% | 15.32% |
| AAPLApple Inc | 0.22% | 13.34% | 13.12% |
| MSFTMicrosoft Corp | 0.22% | 10.53% | 10.31% |
| AMDAdvanced Micro Devices Inc | 0.21% | 5.13% | 4.92% |
| AVGOBroadcom Inc | 0.19% | 4.63% | 4.44% |
| MUMicron Technology, Inc. | 0.18% | 4.41% | 4.23% |
| INTCIntel Corp. | 0.18% | 3.29% | 3.11% |
| PLTRPalantir Technologies Inc. | 0.24% | 2.41% | 2.17% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.20% | 2.45% | 2.25% |
| LRCXLam Research Corp | 0.17% | 2.41% | 2.24% |
98.9% of XLK 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 XLK?
RSP has an expense ratio of 0.20% while XLK charges 0.08%. XLK is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, RSP or XLK?
Over the past year RSP returned +19.23% vs +19.62% for XLK, so XLK leads on 1-year performance. Over the longest common window we track (24 years), RSP annualized +10.06% vs +14.32% for XLK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSP or XLK?
XLK has been the more volatile fund at 18.7% annualized versus 16.5% for RSP. Worst drawdown: RSP -60.9% vs XLK -53.6%.
Should I hold both RSP and XLK?
RSP and XLK have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RSP and XLK?
98.9% of XLK's money is in holdings RSP also owns. 98.9% of XLK's is in holdings RSP also owns. They hold 72 positions in common, counted across the 504 positions we hold weights for in RSP and 74 in XLK.
Which pays a higher dividend, RSP or XLK?
RSP yields 1.45% while XLK yields 0.47%, so RSP currently pays the higher dividend yield.
Is XLK better than RSP?
XLK has a lower expense ratio. XLK led over 1Y, 3Y, 5Y and the full window. RSP is less concentrated, with 2.6% of the fund in its ten largest positions against 64.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.