Invesco S&P 500 Equal Weight ETF (RSP) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RSP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RSP
RSP charges 0.20% annually. There are 27 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 146.68B | Nov 2005 | RSP vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 854.92B | May 2000 | RSP vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.60T | Sep 2010 | RSP vs VOO | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 53.61B | Sep 2000 | RSP vs SPYG | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.22B | Sep 2000 | RSP vs SPYV |
Best Risk-Adjusted Alternatives to RSP
RSP has a PortfoliosLab risk / return rank of 54. There are 73 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | RSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | RSP vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 55.00M | May 2024 | RSP vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 95 | — | Jan 2025 | RSP vs PMFB | |
| PGIM S&P 500 Max Buffer ETF - January | 95 | 4.58M | Dec 2024 | RSP vs PMJA |
Top Performing RSP Alternatives (YTD)
RSP is at 10.12% YTD. There are 50 ETFs in the S&P 500 category with higher YTD returns, going as high as 100.79%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 100.79% | 78.50M | Nov 2019 | RSP vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 48.42% | 5.64B | Jan 2006 | RSP vs RSPT | |
| MAX S&P 500 4X Leveraged ETN | 33.15% | 148.89M | Dec 2023 | RSP vs XXXX | |
| Invesco S&P 500 Equal Weight Energy ETF | 32.62% | 571.83M | Nov 2006 | RSP vs RSPG | |
| Invesco S&P 500 Pure Growth ETF | 31.30% | 2.13B | Mar 2006 | RSP vs RPG |
Lowest Volatility Alternatives to RSP
RSP has 11.56% 1-year volatility. There are 53 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | RSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | RSP vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.57% | 55.00M | May 2024 | RSP vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.72% | 13.10M | Jun 2025 | RSP vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.74% | — | May 2025 | RSP vs PMJN |
Lowest Drawdown Alternatives to RSP
RSP has a 1-year max drawdown of -7.85%. There are 41 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | RSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | RSP vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.45% | 55.00M | May 2024 | RSP vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 13.10M | Jun 2025 | RSP vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | RSP vs PMJN |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 11 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 77 | 21.62% | 493.99B | Mar 1999 | RSP vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 77 | 29.70% | 19.93B | Oct 2015 | RSP vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 77 | 21.64% | 96.91B | Oct 2020 | RSP vs QQQM | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 62 | 8.82% | 11.15B | May 2005 | RSP vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 97 | 93.97% | 2.41B | Jun 2021 | RSP vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 56 | 15.16% | 18.88B | Dec 2005 | RSP vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 24 | 5.32% | 3.23B | Oct 2012 | RSP vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 43 | 10.46% | 8.37B | Oct 2005 | RSP vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 69 | 22.96% | 7.49B | Mar 2005 | RSP vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Global Equities | 43 | 9.00% | 3.81B | Feb 2012 | RSP vs IDMO |
Often Compared With RSP
Investors most often compare RSP with SPY, VTI, FXAIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare RSP with Any Fund or Stock
Compare RSP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RSP with funds that move differently
Invesco S&P 500 Equal Weight ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RSP.
Explore RSP Diversifiers