RSPN vs VYM
Invesco S&P 500 Equal Weight Industrials ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | RSPN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.04% | |
| AUM | $1.1B | $81.6B | |
| Dividend Yield | 0.83% | 2.24% | |
| Holdings | 83 | 616 | |
| YTD Return | +10.42% | +14.66% | |
| 1Y Return | +14.48% | +22.16% | |
| 3Y Return (annualized) | +17.50% | +18.72% | |
| 5Y Return (annualized) | +11.82% | +12.18% | |
| Volatility (annualized) | 19.4% | 14.6% | |
| Max Drawdown | -61.6% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Nov 10, 2006 |
RSPN vs VYM Performance
Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year RSPN returned +14.48% while VYM returned +22.16%. Year to date, RSPN is up 10.42% versus a gain of 14.66% for VYM.
Over three years, RSPN compounded at +17.50% per year against +18.72% for VYM; over five years the annualized figures are +11.82% and +12.18% respectively. Across the full 20-year window we track, RSPN has the edge at +10.05% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPN has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -61.6% for RSPN 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPN 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, RSPN currently yields 0.83% against 2.24% for VYM.
Holdings Overlap
RSPN and VYM share 38 holdings out of 646 unique holdings combined, representing a 10.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPN or VYM?
RSPN 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, RSPN or VYM?
Over the past year RSPN returned +14.48% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), RSPN annualized +10.05% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, RSPN or VYM?
RSPN has been the more volatile fund at 19.4% annualized versus 14.6% for VYM. Worst drawdown: RSPN -61.6% vs VYM -58.8%.
Should I hold both RSPN and VYM?
RSPN and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPN and VYM?
RSPN and VYM share 38 common holdings with a 10.2% weight overlap. Combined, they hold 646 unique securities.
Which pays a higher dividend, RSPN or VYM?
RSPN yields 0.83% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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