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EUSA vs. RSP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUSA vs. RSP

Last updated Jun 24, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, EUSA returned 11.89%/yr vs 12.23%/yr for RSP. Their correlation of 0.86 suggests significant overlap in exposure. EUSA charges 0.09%/yr vs 0.20%/yr for RSP.

Performance

EUSA vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EUSA achieves a 9.00% return, which is significantly lower than RSP's 9.94% return. Both investments have delivered pretty close results over the past 10 years, with EUSA having a 11.89% annualized return and RSP not far ahead at 12.23%.

EUSA

1D
-0.47%
1M
1.15%
YTD
9.00%
6M
7.94%
1Y
17.10%
3Y*
15.57%
5Y*
7.57%
10Y*
11.89%

RSP

1D
-0.34%
1M
1.51%
YTD
9.94%
6M
9.07%
1Y
18.97%
3Y*
14.87%
5Y*
8.63%
10Y*
12.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUSA vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUSA
iShares MSCI USA Equal Weighted ETF		9.00%10.24%14.64%17.72%-17.13%25.60%15.03%30.56%-8.58%19.02%
RSP
Invesco S&P 500 Equal Weight ETF		9.94%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Correlation

The correlation between EUSA and RSP is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since May 7, 2010

0.86

The correlation between EUSA and RSP shifts across timeframes, from 0.86 (all time) to 0.98 (3 years), reflecting how their relationship changes across market environments.

EUSA vs. RSP - Sectors Allocation Comparison

Sectors
EUSA
RSP

Technology

20.3%
20.9%

Industrials

15.3%
14.2%

Financial Services

14.7%
13.9%

Consumer Cyclical

11.1%
10.0%

Healthcare

10.8%
11.1%

Utilities

5.4%
5.7%

Consumer Defensive

5.3%
6.4%

Real Estate

5.2%
6.1%

Basic Materials

4.3%
3.9%

Communication Services

4.0%
3.9%

Energy

3.8%
4.0%

Technology

EUSA
20.3%
RSP
20.9%

Industrials

EUSA
15.3%
RSP
14.2%

Financial Services

EUSA
14.7%
RSP
13.9%

Consumer Cyclical

EUSA
11.1%
RSP
10.0%

Healthcare

EUSA
10.8%
RSP
11.1%

Utilities

EUSA
5.4%
RSP
5.7%

Consumer Defensive

EUSA
5.3%
RSP
6.4%

Real Estate

EUSA
5.2%
RSP
6.1%

Basic Materials

EUSA
4.3%
RSP
3.9%

Communication Services

EUSA
4.0%
RSP
3.9%

Energy

EUSA
3.8%
RSP
4.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Equal Weighted ETF

Invesco S&P 500 Equal Weight ETF

Often compared with EUSA:
EUSA vs. GSEWEUSA vs. VOOEUSA vs. VTIEUSA vs. ^GSPCEUSA vs. SCHGEUSA vs. ITOTEUSA vs. XDUS.L
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. GSEWRSP vs. SCHD

Return for Risk

EUSA vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUSA
EUSA Risk / Return Rank: 4444
Overall Rank
EUSA Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUSA Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUSA Omega Ratio Rank: 3939
Omega Ratio Rank
EUSA Calmar Ratio Rank: 4646
Calmar Ratio Rank
EUSA Martin Ratio Rank: 5252
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4949
Overall Rank
RSP Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 4949
Sortino Ratio Rank
RSP Omega Ratio Rank: 4545
Omega Ratio Rank
RSP Calmar Ratio Rank: 5151
Calmar Ratio Rank
RSP Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSA vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500 Equal Weight ETF (RSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EUSARSPDifference
Sharpe ratioReturn per unit of total volatility
1.42
1.62

-0.19

Sortino ratioReturn per unit of downside risk
2.06
2.34

-0.28

Omega ratioGain probability vs. loss probability

1.25

1.28

-0.04

Calmar ratioReturn relative to maximum drawdown

2.20

2.43

-0.23

Martin ratioReturn relative to average drawdown

8.64

9.17

-0.53

EUSA vs. RSP - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.42, which is comparable to the RSP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EUSA and RSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EUSA vs. RSP - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for EUSA and RSP.

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Drawdown Indicators

EUSARSPDifference

Max Drawdown

Largest peak-to-trough decline

-39.16%

-59.92%

+20.76%

Max Drawdown (1Y)

Largest decline over 1 year

-7.82%

-7.85%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-18.20%

-17.81%

-0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-25.24%

-21.38%

-3.86%

Max Drawdown (10Y)

Largest decline over 10 years

-39.16%

-39.04%

-0.12%

Current Drawdown

Current decline from peak

-1.58%

-1.49%

-0.09%

Average Drawdown

Average peak-to-trough decline

-4.58%

-6.64%

+2.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.07%

-0.09%

Volatility

EUSA vs. RSP - Volatility Comparison

iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 3.78% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUSARSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

3.63%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.11%

8.68%

+0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

12.09%

11.82%

+0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.99%

16.20%

+0.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.32%

18.33%

-0.01%

EUSA vs. RSP - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is lower than RSP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EUSA vs. RSP - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.48%, less than RSP's 1.53% yield.

PositionTTM20252024202320222021202020192018201720162015
EUSA
iShares MSCI USA Equal Weighted ETF		1.48%1.63%1.47%1.53%1.73%1.23%1.45%1.49%2.01%1.50%1.59%2.21%
RSP
Invesco S&P 500 Equal Weight ETF		1.53%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Frequently Asked Questions

With a correlation of 0.98, EUSA and RSP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

EUSA has higher volatility (3.78%) compared to RSP (3.63%). In terms of maximum drawdown, EUSA dropped -39.16% vs RSP's -59.92%.

On 10-year performance, RSP leads with 12.23% vs 11.89% for EUSA. On fees, EUSA is cheaper at 0.09% per year. On volatility, RSP has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RSP has performed better with a 12.23% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUSA is cheaper with a 0.09% expense ratio, compared with 0.20% for RSP.

RSP has the higher dividend yield at 1.53%, compared with 1.48% for EUSA.

EUSA is categorized as Mid Cap Blend Equities, while RSP is S&P 500. EUSA tracks MSCI USA Equal Weighted Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for EUSA and 0.20% for RSP.

RSP currently has the higher Sharpe Ratio (1.62 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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