RSPS vs SPY
Invesco S&P 500 Equal Weight Consumer Staples ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RSPS or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPS is less concentrated, with 33.0% of the fund in its ten largest positions against 37.8%.
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 | RSPS | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $248M | $804.7B |
| Dividend Yield | 2.86% | 0.98% |
| Holdings | 37 | 505 |
| YTD Return | +4.57% | +10.96%Best |
| 1Y Return | +3.72% | +15.52%Best |
| 3Y Return (annualized) | +0.89% | +20.73%Best |
| 5Y Return (annualized) | +1.37% | +12.53%Best |
| Volatility (annualized) | 13.0%Best | 15.4% |
| Max Drawdown | -37.5%Best | -56.5% |
| $10,000 over 5 years | $10,704 | $18,044Best |
| Top 10 Weight | 33.0%Best | 37.8% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2006 to Sep 16, 2026 (19.9 years).
RSPS 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 19.9 years both funds cover.
RSPS vs SPY Performance
Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) 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 RSPS returned +3.72% while SPY returned +15.52%. Year to date, RSPS is up 4.57% versus a gain of 10.96% for SPY.
Over three years, RSPS compounded at +0.89% per year against +20.73% for SPY; over five years the annualized figures are +1.37% and +12.53% respectively. Across the full 20-year window we track, SPY has the edge at +9.31% annualized vs +6.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.0% for RSPS. 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 -37.5% for RSPS and -56.5% 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPS 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, RSPS currently yields 2.86% against 0.98% for SPY.
Holdings Overlap
100.0% of RSPS's money is in holdings SPY also owns. 4.5% of SPY's money is in holdings RSPS also owns.
Most of RSPS is already inside SPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 34 positions we hold weights for in RSPS and 504 in SPY, against full books of 37 and 505.
What only one of them owns
Measured across the 34 and 504 positions we hold weights for.
SPY holds 463 positions RSPS does not, 94.8% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
Top Shared Holdings
| Stock | Weight in RSPS | Weight in SPY | Difference |
|---|---|---|---|
| TGTTarget Corp Common Stock Usd.0833 | 3.66% | 0.11% | 3.55% |
| KOCoca Cola Co. | 3.07% | 0.52% | 2.55% |
| GISGeneral Mills In | 3.52% | 0.03% | 3.49% |
| ELEstee Lauder Cos., Inc. | 3.47% | 0.04% | 3.43% |
| PMPhilip Morris International Inc. | 2.96% | 0.44% | 2.52% |
| COSTCostco Wholesale Corp. | 2.77% | 0.63% | 2.14% |
| DGDollar General Corp. | 3.33% | 0.04% | 3.29% |
| DLTRDollar Tree Inc. | 3.32% | 0.04% | 3.28% |
| PGProcter & Gamble Company | 2.81% | 0.52% | 2.29% |
| SJMJ M Smucker Co/The | 3.27% | 0.02% | 3.25% |
100.0% of RSPS 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, RSPS or SPY?
RSPS 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, RSPS or SPY?
Over the past year RSPS returned +3.72% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), RSPS annualized +6.65% vs +9.31% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPS or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 13.0% for RSPS. Worst drawdown: RSPS -37.5% vs SPY -56.5%.
Should I hold both RSPS and SPY?
RSPS and SPY have a monthly-return correlation of 0.71, 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 RSPS and SPY?
100.0% of RSPS's money is in holdings SPY also owns. 4.5% of SPY's is in holdings RSPS also owns. They hold 34 positions in common, counted across the 34 positions we hold weights for in RSPS and 504 in SPY.
Which pays a higher dividend, RSPS or SPY?
RSPS yields 2.86% while SPY yields 0.98%, so RSPS currently pays the higher dividend yield.
Is SPY better than RSPS?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPS is less concentrated, with 33.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.