RSPD vs SPY
Invesco S&P 500 Equal Weight Consumer Discretionary ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RSPD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $318M | $789.1B | |
| Dividend Yield | 0.88% | 1.01% | |
| Holdings | 50 | 505 | |
| YTD Return | +1.75% | +14.47% | |
| 1Y Return | +1.19% | +21.96% | |
| 3Y Return (annualized) | +9.43% | +21.70% | |
| 5Y Return (annualized) | +4.02% | +13.30% | |
| Volatility (annualized) | 22.4% | 15.3% | |
| Max Drawdown | -68.8% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
RSPD vs SPY Performance
Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RSPD returned +1.19% while SPY returned +21.96%. Year to date, RSPD is up 1.75% versus a gain of 14.47% for SPY.
Over three years, RSPD compounded at +9.43% per year against +21.70% for SPY; over five years the annualized figures are +4.02% and +13.30% respectively. Across the full 20-year window we track, SPY has the edge at +8.87% annualized vs +7.31%. 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 15.3% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% for SPY.
Holdings Overlap
RSPD and SPY share 47 holdings out of 503 unique holdings combined, representing a 7.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $31 per year of difference.
Which performed better, RSPD or SPY?
Over the past year RSPD returned +1.19% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), RSPD annualized +7.31% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPD or SPY?
RSPD has been the more volatile fund at 22.4% annualized versus 15.3% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPD and SPY?
RSPD and SPY share 47 common holdings with a 7.7% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, RSPD or SPY?
RSPD yields 0.88% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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