RSPH vs SPY
Invesco S&P 500 Equal Weight Health Care ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RSPH or SPY?
Each has led over a different period.
SPY has a lower expense ratio. RSPH led over 1Y and the full window, SPY over 3Y and 5Y. RSPH is less concentrated, with 22.4% 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 | RSPH | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $839M | $804.7B |
| Dividend Yield | 0.62% | 0.98% |
| Holdings | 62 | 505 |
| YTD Return | +15.19%Best | +12.09% |
| 1Y Return | +26.96%Best | +16.29% |
| 3Y Return (annualized) | +9.97% | +21.20%Best |
| 5Y Return (annualized) | +4.19% | +13.37%Best |
| Volatility (annualized) | 15.8% | 15.4%Best |
| Max Drawdown | -41.1%Best | -56.5% |
| $10,000 over 5 years | $12,278 | $18,728Best |
| Top 10 Weight | 22.4%Best | 37.8% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large 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).
RSPH 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.
RSPH vs SPY Performance
Invesco S&P 500 Equal Weight Health Care ETF (RSPH) 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 RSPH returned +26.96% while SPY returned +16.29%. Year to date, RSPH is up 15.19% versus a gain of 12.09% for SPY.
Over three years, RSPH compounded at +9.97% per year against +21.20% for SPY; over five years the annualized figures are +4.19% and +13.37% respectively. Across the full 20-year window we track, RSPH has the edge at +10.70% annualized vs +9.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPH has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -41.1% for RSPH 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 0.81. 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 0.62% against 0.98% for SPY.
Holdings Overlap
100.0% of RSPH's money is in holdings SPY also owns. 9.4% of SPY's money is in holdings RSPH also owns.
Most of RSPH is already inside SPY. Owning both mostly buys the same companies twice.
60 positions in common, counted across the 61 positions we hold weights for in RSPH and 504 in SPY, against full books of 62 and 505.
What only one of them owns
Our book lists 439 positions for SPY that do not appear in our book for RSPH (90.0% of the fund), and 1 for RSPH that do not appear in SPY (0.0%).
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 RSPH | Weight in SPY | Difference |
|---|---|---|---|
| MRNAModerna therapeutics | 4.39% | 0.08% | 4.31% |
| LLYEli Lilly & Co. | 1.47% | 1.40% | 0.07% |
| JNJJohnson & Johnson - Common | 1.61% | 0.99% | 0.62% |
| VEEVVeeva Systems Inc | 2.51% | 0.06% | 2.45% |
| MRKMerck & Company Inc | 1.78% | 0.56% | 1.22% |
| ABBVAbbvie Inc. | 1.64% | 0.70% | 0.94% |
| CRLCharles River Laboratories International Inc | 2.23% | 0.02% | 2.21% |
| AMGNAmgen Inc. | 1.84% | 0.36% | 1.48% |
| TMOThermo Fisherscientific Inc. | 1.84% | 0.34% | 1.50% |
| IQVI Q V I A Holdings Inc. | 2.07% | 0.07% | 2.00% |
100.0% of RSPH 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, RSPH or SPY?
RSPH 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, RSPH or SPY?
Over the past year RSPH returned +26.96% vs +16.29% for SPY, so RSPH leads on 1-year performance. Over the longest common window we track (20 years), RSPH annualized +10.70% vs +9.36% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPH or SPY?
RSPH has been the more volatile fund at 15.8% annualized versus 15.4% 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 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 RSPH and SPY?
100.0% of RSPH's money is in holdings SPY also owns. 9.4% of SPY's is in holdings RSPH also owns. They hold 60 positions in common, counted across the 61 positions we hold weights for in RSPH and 504 in SPY.
Which pays a higher dividend, RSPH or SPY?
RSPH yields 0.62% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than RSPH?
SPY has a lower expense ratio. RSPH led over 1Y and the full window, SPY over 3Y and 5Y. RSPH is less concentrated, with 22.4% 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.