RSPM vs SPY
Invesco S&P 500 Equal Weight Materials ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RSPM delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RSPM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $188M | $821.1B | |
| Dividend Yield | 1.73% | 1.01% | |
| Holdings | 28 | 505 | |
| YTD Return | +17.67% | +12.22% | |
| 1Y Return | +25.51% | +20.83% | |
| 3Y Return (annualized) | +10.39% | +21.70% | |
| 5Y Return (annualized) | +5.95% | +12.98% | |
| Volatility (annualized) | 21.2% | 15.3% | |
| Max Drawdown | -62.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
RSPM vs SPY Performance
Invesco S&P 500 Equal Weight Materials ETF (RSPM) 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 RSPM returned +25.51% while SPY returned +20.83%. Year to date, RSPM is up 17.67% versus a gain of 12.22% for SPY.
Over three years, RSPM compounded at +10.39% per year against +21.70% for SPY; over five years the annualized figures are +5.95% and +12.98% respectively. Across the full 20-year window we track, SPY has the edge at +8.79% annualized vs +7.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPM has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -62.5% for RSPM 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPM 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, RSPM currently yields 1.73% against 1.01% for SPY.
Holdings Overlap
RSPM and SPY share 23 holdings out of 507 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPM or SPY?
RSPM 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, RSPM or SPY?
Over the past year RSPM returned +25.51% vs +20.83% for SPY, so RSPM leads on 1-year performance. Over the longest common window we track (20 years), RSPM annualized +7.97% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPM or SPY?
RSPM has been the more volatile fund at 21.2% annualized versus 15.3% for SPY. Worst drawdown: RSPM -62.5% vs SPY -56.5%.
Should I hold both RSPM and SPY?
RSPM and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPM and SPY?
RSPM and SPY share 23 common holdings with a 1.6% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, RSPM or SPY?
RSPM yields 1.73% while SPY yields 1.01%, so RSPM currently pays the higher dividend yield.
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