RSPR vs SPY
Invesco S&P 500 Equal Weight Real Estate ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RSPR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $100M | $821.1B | |
| Dividend Yield | 1.63% | 1.01% | |
| Holdings | 33 | 505 | |
| YTD Return | +9.67% | +12.93% | |
| 1Y Return | +7.25% | +20.62% | |
| 3Y Return (annualized) | +7.05% | +22.00% | |
| 5Y Return (annualized) | +0.52% | +13.33% | |
| Volatility (annualized) | 18.1% | 15.3% | |
| Max Drawdown | -43.2% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 12, 2015 | Jan 22, 1993 |
RSPR vs SPY Performance
Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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 RSPR returned +7.25% while SPY returned +20.62%. Year to date, RSPR is up 9.67% versus a gain of 12.93% for SPY.
Over three years, RSPR compounded at +7.05% per year against +22.00% for SPY; over five years the annualized figures are +0.52% and +13.33% respectively. Across the full 11-year window we track, SPY has the edge at +8.82% annualized vs +4.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPR has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -43.2% for RSPR 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPR 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, RSPR currently yields 1.63% against 1.01% for SPY.
Holdings Overlap
RSPR and SPY share 31 holdings out of 504 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPR or SPY?
RSPR 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, RSPR or SPY?
Over the past year RSPR returned +7.25% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (11 years), RSPR annualized +4.01% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPR or SPY?
RSPR has been the more volatile fund at 18.1% annualized versus 15.3% for SPY. Worst drawdown: RSPR -43.2% vs SPY -56.5%.
Should I hold both RSPR and SPY?
RSPR and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPR and SPY?
RSPR and SPY share 31 common holdings with a 1.8% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, RSPR or SPY?
RSPR yields 1.63% while SPY yields 1.01%, so RSPR currently pays the higher dividend yield.
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