RSPU vs SPY
Invesco S&P 500 Equal Weight Utilities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RSPU or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPU is less concentrated, with 33.5% 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 | RSPU | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $516M | $804.7B |
| Dividend Yield | 2.71% | 0.98% |
| Holdings | 33 | 505 |
| YTD Return | +0.85% | +11.52%Best |
| 1Y Return | +3.99% | +17.48%Best |
| 3Y Return (annualized) | +14.82% | +20.62%Best |
| 5Y Return (annualized) | +9.20% | +12.73%Best |
| Volatility (annualized) | 14.5%Best | 15.4% |
| Max Drawdown | -51.3%Best | -56.5% |
| $10,000 over 5 years | $15,528 | $18,205Best |
| Top 10 Weight | 33.5%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid 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 10, 2026 (19.8 years).
RSPU 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 19.8 years both funds cover.
RSPU vs SPY Performance
Invesco S&P 500 Equal Weight Utilities ETF (RSPU) 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 RSPU returned +3.99% while SPY returned +17.48%. Year to date, RSPU is up 0.85% versus a gain of 11.52% for SPY.
Over three years, RSPU compounded at +14.82% per year against +20.62% for SPY; over five years the annualized figures are +9.20% and +12.73% respectively. Across the full 20-year window we track, SPY has the edge at +9.35% annualized vs +5.96%.
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 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
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 2.71% against 0.98% for SPY.
Holdings Overlap
100.0% of RSPU's money is in holdings SPY also owns. 2.1% of SPY's money is in holdings RSPU also owns.
Most of RSPU 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 RSPU and 504 in SPY, against full books of 33 and 505.
What only one of them owns
Measured across the 32 and 504 positions we hold weights for.
SPY holds 463 positions RSPU does not, 97.4% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in RSPU | Weight in SPY | Difference |
|---|---|---|---|
| CEGConstellation Energy Corp | 3.54% | 0.13% | 3.41% |
| NEENextera Energy Inc. | 3.29% | 0.27% | 3.02% |
| AWKAmerican Water Works Co. Inc. | 3.41% | 0.04% | 3.37% |
| ESEversource Energy | 3.38% | 0.04% | 3.34% |
| DDominion Energy Inc. | 3.33% | 0.09% | 3.24% |
| PCGPg&E Corp. | 3.35% | 0.06% | 3.29% |
| VSTVistra Energy Corp. | 3.32% | 0.07% | 3.25% |
| FEFirstenergy Corp. | 3.34% | 0.04% | 3.30% |
| SOSouthern Co. | 3.19% | 0.16% | 3.03% |
| DUKDuke Energy Corp. | 3.19% | 0.15% | 3.04% |
100.0% of RSPU 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, RSPU or SPY?
RSPU 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, RSPU or SPY?
Over the past year RSPU returned +3.99% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), RSPU annualized +5.96% vs +9.35% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPU or SPY?
SPY has been the more volatile fund at 15.4% 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 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 RSPU and SPY?
100.0% of RSPU's money is in holdings SPY also owns. 2.1% of SPY's is in holdings RSPU also owns. They hold 31 positions in common, counted across the 32 positions we hold weights for in RSPU and 504 in SPY.
Which pays a higher dividend, RSPU or SPY?
RSPU yields 2.71% while SPY yields 0.98%, so RSPU currently pays the higher dividend yield.
Is SPY better than RSPU?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. RSPU is less concentrated, with 33.5% 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.