RSPN vs SCHD
Invesco S&P 500 Equal Weight Industrials ETF vs Schwab US Dividend Equity ETF
Which is better, RSPN or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. RSPN led over 5Y and the full window, SCHD over 1Y and 3Y. RSPN is less concentrated, with 14.1% of the fund in its ten largest positions against 41.8%.
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 | RSPN | SCHD |
|---|---|---|
| Expense Ratio | 0.40% | 0.06%Best |
| AUM | $1.0B | $112.1B |
| Dividend Yield | 0.85% | 3.00% |
| Holdings | 83 | 103 |
| YTD Return | +3.86% | +24.59%Best |
| 1Y Return | +7.63% | +28.14%Best |
| 3Y Return (annualized) | +15.16% | +15.58%Best |
| 5Y Return (annualized) | +10.38%Best | +9.90% |
| Volatility (annualized) | 17.4% | 13.6%Best |
| Max Drawdown | -42.4% | -33.4%Best |
| $10,000 over 5 years | $16,385Best | $16,032 |
| Top 10 Weight | 14.1%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 1, 2006 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 10, 2026 (14.9 years).
RSPN vs SCHD 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 14.9 years both funds cover.
RSPN vs SCHD Performance
Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year RSPN returned +7.63% while SCHD returned +28.14%. Year to date, RSPN is up 3.86% versus a gain of 24.59% for SCHD.
Over three years, RSPN compounded at +15.16% per year against +15.58% for SCHD; over five years the annualized figures are +10.38% and +9.90% respectively. Across the full 15-year window we track, RSPN has the edge at +13.23% annualized vs +11.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPN has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 13.6% for SCHD. 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 -42.4% for RSPN and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
RSPN charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, RSPN currently yields 0.85% against 3.00% for SCHD.
Holdings Overlap
8.8% of RSPN's money is in holdings SCHD also owns. 10.8% of SCHD's money is in holdings RSPN also owns.
SCHD and RSPN share little of their money.
7 positions in common, counted across the 83 positions we hold weights for in RSPN and 100 in SCHD, against full books of 83 and 103.
What only one of them owns
Our book lists 92 positions for SCHD that do not appear in our book for RSPN (89.1% of the fund), and 75 for RSPN that do not appear in SCHD (89.7%).
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 RSPN | Weight in SCHD | Difference |
|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 1.32% | 2.79% | 1.47% |
| LMTLockheed Martin Corp | 1.26% | 2.78% | 1.52% |
| UPSUnited Parcel Service, Inc | 1.19% | 1.90% | 0.71% |
| FASTFastenal Co. | 1.22% | 1.38% | 0.16% |
| PAYXPaychex, Inc. | 1.33% | 1.00% | 0.33% |
| BRBroadridge Financial Solutions, Inc. | 1.29% | 0.51% | 0.78% |
| SNASnap-On Inc. | 1.24% | 0.49% | 0.75% |
You are not choosing between two funds in isolation.
Whichever of RSPN and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RSPN or SCHD?
RSPN has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, RSPN or SCHD?
Over the past year RSPN returned +7.63% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RSPN annualized +13.23% vs +11.34% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPN or SCHD?
RSPN has been the more volatile fund at 17.4% annualized versus 13.6% for SCHD. Worst drawdown: RSPN -42.4% vs SCHD -33.4%.
Should I hold both RSPN and SCHD?
RSPN and SCHD have a monthly-return correlation of 0.86, 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 RSPN and SCHD?
10.8% of SCHD's money is in holdings RSPN also owns. 10.8% of SCHD's is in holdings RSPN also owns. They hold 7 positions in common, counted across the 83 positions we hold weights for in RSPN and 100 in SCHD.
Which pays a higher dividend, RSPN or SCHD?
RSPN yields 0.85% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RSPN?
SCHD has a lower expense ratio. RSPN led over 5Y and the full window, SCHD over 1Y and 3Y. RSPN is less concentrated, with 14.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.