RSPH vs SPY
Invesco S&P 500 Equal Weight Health Care ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RSPH delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RSPH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $752M | $789.1B | |
| Dividend Yield | 0.70% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | +13.21% | +13.68% | |
| 1Y Return | +27.59% | +21.53% | |
| 3Y Return (annualized) | +7.45% | +21.44% | |
| 5Y Return (annualized) | +3.93% | +13.18% | |
| Volatility (annualized) | 15.7% | 15.3% | |
| Max Drawdown | -41.1% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
RSPH vs SPY Performance
Invesco S&P 500 Equal Weight Health Care ETF (RSPH) 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 RSPH returned +27.59% while SPY returned +21.53%. Year to date, RSPH is up 13.21% versus a gain of 13.68% for SPY.
Over three years, RSPH compounded at +7.45% per year against +21.44% for SPY; over five years the annualized figures are +3.93% and +13.18% respectively. Across the full 20-year window we track, RSPH has the edge at +10.67% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPH has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -41.1% for RSPH 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPH 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, RSPH currently yields 0.70% against 1.01% for SPY.
Holdings Overlap
RSPH and SPY share 59 holdings out of 505 unique holdings combined, representing a 9.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPH or SPY?
RSPH 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, RSPH or SPY?
Over the past year RSPH returned +27.59% vs +21.53% for SPY, so RSPH leads on 1-year performance. Over the longest common window we track (20 years), RSPH annualized +10.67% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPH or SPY?
RSPH has been the more volatile fund at 15.7% annualized versus 15.3% for SPY. Worst drawdown: RSPH -41.1% vs SPY -56.5%.
Should I hold both RSPH and SPY?
RSPH and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPH and SPY?
RSPH and SPY share 59 common holdings with a 9.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, RSPH or SPY?
RSPH yields 0.70% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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