Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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 RSPA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RSPA
RSPA charges 0.29% annually. There are 39 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% | 158.31B | Nov 2005 | RSPA vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 894.38B | May 2000 | RSPA vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | RSPA vs VOO | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | RSPA vs SPYV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.75B | Sep 2000 | RSPA vs SPYG |
Best Risk-Adjusted Alternatives to RSPA
RSPA has a PortfoliosLab risk / return rank of 71. There are 34 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | RSPA vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | RSPA vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | RSPA vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | RSPA vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 95 | 32.10M | Sep 2024 | RSPA vs CPST |
Top Performing RSPA Alternatives (YTD)
RSPA is at 10.74% YTD. There are 40 ETFs in the S&P 500 category with higher YTD returns, going as high as 62.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 62.78% | 94.34M | Nov 2019 | RSPA vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 35.74% | 5.69B | Jan 2006 | RSPA vs RSPT | |
| Invesco S&P 500 Equal Weight Energy ETF | 31.15% | 540.52M | Nov 2006 | RSPA vs RSPG | |
| Invesco S&P 500 Pure Growth ETF | 26.05% | 2.19B | Mar 2006 | RSPA vs RPG | |
| Invesco S&P 500 Momentum ETF | 26.03% | 22.01B | Oct 2015 | RSPA vs SPMO |
Lowest Volatility Alternatives to RSPA
RSPA has 9.53% 1-year volatility. There are 27 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | RSPA vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | RSPA vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | RSPA vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.89% | 25.70M | Jun 2025 | RSPA vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.97% | — | May 2025 | RSPA vs PMJN |
Lowest Drawdown Alternatives to RSPA
RSPA has a 1-year max drawdown of -6.21%. There are 24 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | RSPA vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | RSPA vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | RSPA vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 25.70M | Jun 2025 | RSPA vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | RSPA vs PMJN |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | RSPA vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | RSPA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | RSPA vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | RSPA vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | RSPA vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | RSPA vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | RSPA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | RSPA vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | RSPA vs PPA | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 43 | 7.79% | 3.99B | Feb 2012 | RSPA vs IDMO |
Often Compared With RSPA
Investors most often compare RSPA with JEPI, DIVO, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare RSPA with Any Fund or Stock
Compare RSPA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RSPA with funds that move differently
Invesco S&P 500 Equal Weight Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RSPA.
Explore RSPA Diversifiers