RSPM vs VOO
Invesco S&P 500 Equal Weight Materials ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RSPM delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | RSPM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $188M | $997.4B | |
| Dividend Yield | 1.73% | 1.08% | |
| Holdings | 28 | 509 | |
| YTD Return | +17.67% | +12.25% | |
| 1Y Return | +25.51% | +20.92% | |
| 3Y Return (annualized) | +10.39% | +21.79% | |
| 5Y Return (annualized) | +5.95% | +13.05% | |
| Volatility (annualized) | 21.2% | 14.1% | |
| Max Drawdown | -62.5% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Sep 7, 2010 |
RSPM vs VOO Performance
Invesco S&P 500 Equal Weight Materials ETF (RSPM) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RSPM returned +25.51% while VOO returned +20.92%. Year to date, RSPM is up 17.67% versus a gain of 12.25% for VOO.
Over three years, RSPM compounded at +10.39% per year against +21.79% for VOO; over five years the annualized figures are +5.95% and +13.05% respectively. Across the full 16-year window we track, VOO has the edge at +13.45% 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 14.1% for VOO. 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 -34.3% for VOO. 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
RSPM charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, RSPM currently yields 1.73% against 1.08% for VOO.
Holdings Overlap
RSPM and VOO share 25 holdings out of 506 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPM or VOO?
RSPM has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, RSPM or VOO?
Over the past year RSPM returned +25.51% vs +20.92% for VOO, so RSPM leads on 1-year performance. Over the longest common window we track (16 years), RSPM annualized +7.97% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, RSPM or VOO?
RSPM has been the more volatile fund at 21.2% annualized versus 14.1% for VOO. Worst drawdown: RSPM -62.5% vs VOO -34.3%.
Should I hold both RSPM and VOO?
RSPM and VOO 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 RSPM and VOO?
RSPM and VOO share 25 common holdings with a 1.7% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, RSPM or VOO?
RSPM yields 1.73% while VOO yields 1.08%, so RSPM currently pays the higher dividend yield.
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