RSPM vs VYM
Invesco S&P 500 Equal Weight Materials ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. RSPM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | RSPM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.04% | |
| AUM | $188M | $81.6B | |
| Dividend Yield | 1.73% | 2.24% | |
| Holdings | 28 | 616 | |
| YTD Return | +17.50% | +15.60% | |
| 1Y Return | +25.35% | +23.48% | |
| 3Y Return (annualized) | +10.35% | +19.07% | |
| 5Y Return (annualized) | +6.12% | +12.50% | |
| Volatility (annualized) | 21.2% | 14.6% | |
| Max Drawdown | -62.5% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Nov 10, 2006 |
RSPM vs VYM Performance
Invesco S&P 500 Equal Weight Materials ETF (RSPM) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year RSPM returned +25.35% while VYM returned +23.48%. Year to date, RSPM is up 17.50% versus a gain of 15.60% for VYM.
Over three years, RSPM compounded at +10.35% per year against +19.07% for VYM; over five years the annualized figures are +6.12% and +12.50% respectively. Across the full 20-year window we track, RSPM has the edge at +7.96% annualized vs +7.05%. 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 14.6% 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 -62.5% for RSPM and -58.8% for VYM. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPM 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, RSPM currently yields 1.73% against 2.24% for VYM.
Holdings Overlap
RSPM and VYM share 17 holdings out of 612 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPM or VYM?
RSPM has an expense ratio of 0.40% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, RSPM or VYM?
Over the past year RSPM returned +25.35% vs +23.48% for VYM, so RSPM leads on 1-year performance. Over the longest common window we track (20 years), RSPM annualized +7.96% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, RSPM or VYM?
RSPM has been the more volatile fund at 21.2% annualized versus 14.6% for VYM. Worst drawdown: RSPM -62.5% vs VYM -58.8%.
Should I hold both RSPM and VYM?
RSPM and VYM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPM and VYM?
RSPM and VYM share 17 common holdings with a 2.9% weight overlap. Combined, they hold 612 unique securities.
Which pays a higher dividend, RSPM or VYM?
RSPM yields 1.73% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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