RSPF vs VYM
Invesco S&P 500 Equal Weight Financials ETF vs Vanguard High Dividend Yield ETF
Which is better, RSPF or VYM?
Each has led over a different period.
VYM has a lower expense ratio. RSPF led over 3Y, VYM over 1Y, 5Y and the full window. RSPF is less concentrated, with 15.0% of the fund in its ten largest positions against 25.9%.
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 | RSPF | VYM |
|---|---|---|
| Expense Ratio | 0.40% | 0.04%Best |
| AUM | $307M | $81.6B |
| Dividend Yield | 1.49% | 2.22% |
| Holdings | 78 | 613 |
| YTD Return | +6.60% | +13.75%Best |
| 1Y Return | +8.43% | +19.42%Best |
| 3Y Return (annualized) | +18.55%Best | +18.22% |
| 5Y Return (annualized) | +8.00% | +12.17%Best |
| Volatility (annualized) | 23.5% | 14.5%Best |
| Max Drawdown | -82.2% | -58.8%Best |
| $10,000 over 5 years | $14,693 | $17,758Best |
| Top 10 Weight | 15.0%Best | 25.9% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 9, 2026 (19.8 years).
RSPF 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.
RSPF vs VYM Performance
Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year RSPF returned +8.43% while VYM returned +19.42%. Year to date, RSPF is up 6.60% versus a gain of 13.75% for VYM.
Over three years, RSPF compounded at +18.55% per year against +18.22% for VYM; over five years the annualized figures are +8.00% and +12.17% respectively. Across the full 20-year window we track, VYM has the edge at +6.94% annualized vs +3.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPF has been the more volatile fund, with annualized monthly volatility of 23.5% 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 -82.2% for RSPF 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPF charges 0.40% per year while VYM charges 0.04%. On a $10,000 position that is $40 vs $4 annually, a gap of $36 per year that compounds over a long holding period. On income, RSPF currently yields 1.49% against 2.22% for VYM.
Holdings Overlap
64.6% of RSPF's money is in holdings VYM also owns. 17.6% of VYM's money is in holdings RSPF also owns.
The two portfolios partly overlap.
49 positions in common, counted across the 77 positions we hold weights for in RSPF and 603 in VYM, against full books of 78 and 613.
What only one of them owns
Our book lists 517 positions for VYM that do not appear in our book for RSPF (79.7% of the fund), and 26 for RSPF that do not appear in VYM (32.5%).
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 RSPF | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.36% | 3.38% | 2.02% |
| BACBank of America Corp.: Financials | 1.36% | 1.56% | 0.20% |
| GSGoldman Sachs Group Inc/The | 1.24% | 1.15% | 0.09% |
| WFCWells Fargo & Co. | 1.27% | 1.05% | 0.22% |
| MSMorgan Stanley | 1.25% | 0.97% | 0.28% |
| CCitigroup Inc. | 1.22% | 0.94% | 0.28% |
| COFCapital One Financial Corp. | 1.47% | 0.52% | 0.95% |
| BLKBlackrock Funding Inc/De | 1.32% | 0.61% | 0.71% |
| TRVThe Travelers Cos, Inc. | 1.47% | 0.29% | 1.18% |
| PGRProgressive Corporation | 1.22% | 0.53% | 0.69% |
64.6% of RSPF is already inside VYM.
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, RSPF or VYM?
RSPF has an expense ratio of 0.40% while VYM charges 0.04%. VYM is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, RSPF or VYM?
Over the past year RSPF returned +8.43% vs +19.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), RSPF annualized +3.12% vs +6.94% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPF or VYM?
RSPF has been the more volatile fund at 23.5% annualized versus 14.5% for VYM. Worst drawdown: RSPF -82.2% vs VYM -58.8%.
Should I hold both RSPF and VYM?
RSPF and VYM have a monthly-return correlation of 0.86, 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 RSPF and VYM?
64.6% of RSPF's money is in holdings VYM also owns. 17.6% of VYM's is in holdings RSPF also owns. They hold 49 positions in common, counted across the 77 positions we hold weights for in RSPF and 603 in VYM.
Which pays a higher dividend, RSPF or VYM?
RSPF yields 1.49% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than RSPF?
VYM has a lower expense ratio. RSPF led over 3Y, VYM over 1Y, 5Y and the full window. RSPF is less concentrated, with 15.0% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.