RSPR vs SPY
Invesco S&P 500 Equal Weight Real Estate ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RSPR or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPR is less concentrated, with 34.5% of the fund in its ten largest positions against 38.0%.
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 | RSPR | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $97M | $814.4B |
| Dividend Yield | 1.63% | 1.01% |
| Holdings | 33 | 505 |
| YTD Return | +7.74% | +12.71%Best |
| 1Y Return | +1.93% | +19.36%Best |
| 3Y Return (annualized) | +5.84% | +21.09%Best |
| 5Y Return (annualized) | -0.69% | +12.69%Best |
| Volatility (annualized) | 18.0% | 15.1%Best |
| Max Drawdown | -43.2% | -34.1%Best |
| $10,000 over 5 years | $9,660 | $18,173Best |
| Top 10 Weight | 34.5%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 12, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 14, 2015 to Sep 8, 2026 (11.1 years).
RSPR vs SPY 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 11.1 years both funds cover.
RSPR vs SPY Performance
Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RSPR returned +1.93% while SPY returned +19.36%. Year to date, RSPR is up 7.74% versus a gain of 12.71% for SPY.
Over three years, RSPR compounded at +5.84% per year against +21.09% for SPY; over five years the annualized figures are -0.69% and +12.69% respectively. Across the full 11-year window we track, SPY has the edge at +13.18% annualized vs +3.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPR has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 15.1% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
100.0% of RSPR's money is in holdings SPY also owns. 1.8% of SPY's money is in holdings RSPR also owns.
Most of RSPR is already inside SPY. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 32 positions we hold weights for in RSPR and 503 in SPY, against full books of 33 and 505.
What only one of them owns
Our book lists 463 positions for SPY that do not appear in our book for RSPR (97.6% of the fund), and 1 for RSPR that do not appear in SPY (0.0%).
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 RSPR | Weight in SPY | Difference |
|---|---|---|---|
| WELLWelltower, Inc. | 3.53% | 0.25% | 3.28% |
| CBRECbre Group Inc. Class A | 3.63% | 0.07% | 3.56% |
| DLRDigital Realty Trust Inc. | 3.46% | 0.10% | 3.36% |
| VTRVentas, Inc. | 3.47% | 0.07% | 3.40% |
| SPGSimon Property Group Inc. Reit Com | 3.42% | 0.11% | 3.31% |
| BXPBoston Properties Inc | 3.48% | 0.02% | 3.46% |
| WYWeyerhaeuser Co. | 3.45% | 0.03% | 3.42% |
| PEAKHealthpeak Properties Inc Snr S* Ice | 3.41% | 0.02% | 3.39% |
| EQIXEquinix Inc - Common | 3.27% | 0.16% | 3.11% |
| HSTHost Hotels & Resorts | 3.36% | 0.02% | 3.34% |
100.0% of RSPR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $31 a year on a $10,000 investment.
Which performed better, RSPR or SPY?
Over the past year RSPR returned +1.93% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (11 years), RSPR annualized +3.82% vs +13.18% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPR or SPY?
RSPR has been the more volatile fund at 18.0% annualized versus 15.1% for SPY. Worst drawdown: RSPR -43.2% vs SPY -34.1%.
Should I hold both RSPR and SPY?
RSPR and SPY have a monthly-return correlation of 0.77, 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 RSPR and SPY?
100.0% of RSPR's money is in holdings SPY also owns. 1.8% of SPY's is in holdings RSPR also owns. They hold 31 positions in common, counted across the 32 positions we hold weights for in RSPR and 503 in SPY.
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.
Is SPY better than RSPR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPR is less concentrated, with 34.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.