IWV vs. RSP
Compare and contrast key facts about iShares Russell 3000 ETF (IWV) and Invesco S&P 500® Equal Weight ETF (RSP).
IWV and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000. 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 IWV 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: IWV or RSP.
Key characteristics
| IWV | RSP | |
|---|---|---|
| YTD Return | 25.99% | 17.77% |
| 1Y Return | 38.13% | 32.71% |
| 3Y Return (Ann) | 8.73% | 6.14% |
| 5Y Return (Ann) | 15.20% | 12.44% |
| 10Y Return (Ann) | 12.76% | 10.71% |
| Sharpe Ratio | 3.02 | 2.78 |
| Sortino Ratio | 4.02 | 3.90 |
| Omega Ratio | 1.56 | 1.50 |
| Calmar Ratio | 4.54 | 2.80 |
| Martin Ratio | 19.83 | 16.48 |
| Ulcer Index | 1.92% | 1.97% |
| Daily Std Dev | 12.62% | 11.70% |
| Max Drawdown | -55.61% | -59.92% |
| Current Drawdown | -0.45% | -0.76% |
Correlation
The correlation between IWV and RSP is 0.95, 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.
Performance
IWV vs. RSP - Performance Comparison
In the year-to-date period, IWV achieves a 25.99% return, which is significantly higher than RSP's 17.77% return. Over the past 10 years, IWV has outperformed RSP with an annualized return of 12.76%, while RSP has yielded a comparatively lower 10.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWV vs. RSP - Expense Ratio Comparison
Both IWV and RSP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWV vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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
IWV vs. RSP - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 1.07%, less than RSP's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 1.07% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% | 1.62% | 1.61% |
RSP Invesco S&P 500® Equal Weight ETF | 1.44% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
IWV vs. RSP - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for IWV and RSP. For additional features, visit the drawdowns tool.
Volatility
IWV vs. RSP - Volatility Comparison
iShares Russell 3000 ETF (IWV) has a higher volatility of 4.10% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.48%. This indicates that IWV'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.