RSPD vs SPY
Invesco S&P 500 Equal Weight Consumer Discretionary ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RSPD or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPD is less concentrated, with 26.6% of the fund in its ten largest positions against 37.8%.
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 | RSPD | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $296M | $804.7B |
| Dividend Yield | 0.88% | 0.98% |
| Holdings | 49 | 505 |
| YTD Return | -8.14% | +12.09%Best |
| 1Y Return | -9.54% | +16.29%Best |
| 3Y Return (annualized) | +7.36% | +21.20%Best |
| 5Y Return (annualized) | +2.62% | +13.37%Best |
| Volatility (annualized) | 22.4% | 15.4%Best |
| Max Drawdown | -68.8% | -56.5%Best |
| $10,000 over 5 years | $11,380 | $18,728Best |
| Top 10 Weight | 26.6%Best | 37.8% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2006 to Sep 18, 2026 (19.9 years).
RSPD vs SPY 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.
RSPD vs SPY Performance
Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RSPD returned -9.54% while SPY returned +16.29%. Year to date, RSPD is down 8.14% versus a gain of 12.09% for SPY.
Over three years, RSPD compounded at +7.36% per year against +21.20% for SPY; over five years the annualized figures are +2.62% and +13.37% respectively. Across the full 20-year window we track, SPY has the edge at +9.36% annualized vs +6.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPD has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 15.4% for SPY. 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 -68.8% for RSPD and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPD charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, RSPD currently yields 0.88% against 0.98% for SPY.
Holdings Overlap
99.9% of RSPD's money is in holdings SPY also owns. 9.0% of SPY's money is in holdings RSPD also owns.
Most of RSPD is already inside SPY. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 48 positions we hold weights for in RSPD and 504 in SPY, against full books of 49 and 505.
What only one of them owns
Measured across the 48 and 504 positions we hold weights for.
SPY holds 450 positions RSPD does not, 90.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, GOOGL 2.99%, AVGO 2.66%
Top Shared Holdings
| Stock | Weight in RSPD | Weight in SPY | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 2.25% | 3.79% | 1.54% |
| TSLATesla Inc | 1.99% | 1.52% | 0.47% |
| DASHDoordash Inc - A | 3.16% | 0.13% | 3.03% |
| ABNBAirbnb Inc | 2.92% | 0.12% | 2.80% |
| EXPEExpedia Group Inc (consumer Discretionary) | 2.98% | 0.05% | 2.93% |
| GPCGenuine Parts Co. | 2.84% | 0.03% | 2.81% |
| BKNGBooking Holdings, Inc. | 2.55% | 0.23% | 2.32% |
| CMGChipotle Mexican Grill Inc. Class A | 2.57% | 0.07% | 2.50% |
| HDHome Depot Inc/The | 2.12% | 0.48% | 1.64% |
| GRMNGarminltd. | 2.52% | 0.07% | 2.45% |
99.9% of RSPD is already inside SPY.
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, RSPD or SPY?
RSPD has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, RSPD or SPY?
Over the past year RSPD returned -9.54% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), RSPD annualized +6.73% vs +9.36% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPD or SPY?
RSPD has been the more volatile fund at 22.4% annualized versus 15.4% for SPY. Worst drawdown: RSPD -68.8% vs SPY -56.5%.
Should I hold both RSPD and SPY?
RSPD and SPY have a monthly-return correlation of 0.87, 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 RSPD and SPY?
99.9% of RSPD's money is in holdings SPY also owns. 9.0% of SPY's is in holdings RSPD also owns. They hold 47 positions in common, counted across the 48 positions we hold weights for in RSPD and 504 in SPY.
Which pays a higher dividend, RSPD or SPY?
RSPD yields 0.88% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than RSPD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPD is less concentrated, with 26.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.