RSPU vs SPY
Invesco S&P 500 Equal Weight Utilities 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 | RSPU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $538M | $821.1B | |
| Dividend Yield | 2.55% | 1.01% | |
| Holdings | 33 | 505 | |
| YTD Return | +1.94% | +12.68% | |
| 1Y Return | +4.20% | +21.82% | |
| 3Y Return (annualized) | +15.17% | +21.98% | |
| 5Y Return (annualized) | +9.16% | +12.89% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -51.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Jan 22, 1993 |
RSPU vs SPY Performance
Invesco S&P 500 Equal Weight Utilities ETF (RSPU) 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 RSPU returned +4.20% while SPY returned +21.82%. Year to date, RSPU is up 1.94% versus a gain of 12.68% for SPY.
Over three years, RSPU compounded at +15.17% per year against +21.98% for SPY; over five years the annualized figures are +9.16% and +12.89% respectively. Across the full 20-year window we track, SPY has the edge at +8.81% annualized vs +6.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.5% for RSPU. 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 -51.3% for RSPU 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RSPU 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, RSPU currently yields 2.55% against 1.01% for SPY.
Holdings Overlap
RSPU and SPY share 31 holdings out of 504 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RSPU or SPY?
RSPU 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, RSPU or SPY?
Over the past year RSPU returned +4.20% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), RSPU annualized +6.04% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPU or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for RSPU. Worst drawdown: RSPU -51.3% vs SPY -56.5%.
Should I hold both RSPU and SPY?
RSPU and SPY have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPU and SPY?
RSPU and SPY share 31 common holdings with a 2.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, RSPU or SPY?
RSPU yields 2.55% while SPY yields 1.01%, so RSPU currently pays the higher dividend yield.
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