EUSA vs. RSP
Compare and contrast key facts about iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500® Equal Weight ETF (RSP).
EUSA and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003. Both EUSA and RSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUSA or RSP.
Performance
EUSA vs. RSP - Performance Comparison
Returns By Period
In the year-to-date period, EUSA achieves a 20.04% return, which is significantly higher than RSP's 16.60% return. Both investments have delivered pretty close results over the past 10 years, with EUSA having a 10.42% annualized return and RSP not far ahead at 10.43%.
EUSA
20.04%
4.09%
14.12%
30.83%
11.90%
10.42%
RSP
16.60%
0.82%
9.60%
26.69%
12.17%
10.43%
Key characteristics
| EUSA | RSP | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.32 |
| Sortino Ratio | 3.55 | 3.23 |
| Omega Ratio | 1.45 | 1.41 |
| Calmar Ratio | 2.74 | 3.18 |
| Martin Ratio | 14.71 | 13.28 |
| Ulcer Index | 2.14% | 1.99% |
| Daily Std Dev | 12.13% | 11.42% |
| Max Drawdown | -39.16% | -59.92% |
| Current Drawdown | 0.00% | -1.75% |
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EUSA vs. RSP - Expense Ratio Comparison
EUSA has a 0.15% 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%.
Correlation
The correlation between EUSA and RSP is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EUSA vs. RSP - Risk-Adjusted Performance 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.
Dividends
EUSA vs. RSP - Dividend Comparison
EUSA's dividend yield for the trailing twelve months is around 1.39%, less than RSP's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUSA iShares MSCI USA Equal Weighted ETF | 1.39% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% | 1.91% | 1.97% |
RSP Invesco S&P 500® Equal Weight ETF | 1.46% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
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. For additional features, visit the drawdowns tool.
Volatility
EUSA vs. RSP - Volatility Comparison
iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 3.84% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.43%. This indicates that EUSA's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.