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IWV vs. RSP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWV vs. RSP

Last updated Jun 23, 2026

IWV (iShares Russell 3000 ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 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, IWV returned 15.13%/yr vs 12.27%/yr for RSP. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

IWV vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) 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

The year-to-date returns for both investments are quite close, with IWV having a 10.01% return and RSP slightly higher at 10.32%. Over the past 10 years, IWV has outperformed RSP with an annualized return of 15.13%, while RSP has yielded a comparatively lower 12.27% annualized return.

IWV

1D
-0.27%
1M
0.53%
YTD
10.01%
6M
9.26%
1Y
26.55%
3Y*
20.91%
5Y*
12.24%
10Y*
15.13%

RSP

1D
0.22%
1M
1.86%
YTD
10.32%
6M
9.19%
1Y
20.44%
3Y*
15.00%
5Y*
8.85%
10Y*
12.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWV vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWV
iShares Russell 3000 ETF		10.01%16.96%23.49%25.82%-19.28%25.54%20.55%30.66%-5.43%20.97%
RSP
Invesco S&P 500 Equal Weight ETF		10.32%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Correlation

The correlation between IWV and RSP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.77

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

0.83

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

0.90

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

0.91

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2003

0.94

The correlation between IWV and RSP shifts across timeframes, from 0.77 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

IWV vs. RSP - Sectors Allocation Comparison

Sectors
IWV
RSP

Technology

36.5%
20.9%

Financial Services

11.5%
13.9%

Communication Services

10.0%
3.9%

Consumer Cyclical

9.9%
10.0%

Industrials

9.1%
14.2%

Healthcare

8.9%
11.1%

Consumer Defensive

4.3%
6.4%

Energy

3.3%
4.0%

Real Estate

2.3%
6.1%

Utilities

2.1%
5.7%

Basic Materials

2.0%
3.9%

Technology

IWV
36.5%
RSP
20.9%

Financial Services

IWV
11.5%
RSP
13.9%

Communication Services

IWV
10.0%
RSP
3.9%

Consumer Cyclical

IWV
9.9%
RSP
10.0%

Industrials

IWV
9.1%
RSP
14.2%

Healthcare

IWV
8.9%
RSP
11.1%

Consumer Defensive

IWV
4.3%
RSP
6.4%

Energy

IWV
3.3%
RSP
4.0%

Real Estate

IWV
2.3%
RSP
6.1%

Utilities

IWV
2.1%
RSP
5.7%

Basic Materials

IWV
2.0%
RSP
3.9%

Compare stocks, funds, or ETFs

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

iShares Russell 3000 ETF

Invesco S&P 500 Equal Weight ETF

Often compared with IWV:
IWV vs. SPYIWV vs. VTIIWV vs. IWMIWV vs. ACWXIWV vs. VTHRIWV vs. IVVIWV vs. IWB
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

Return for Risk

IWV vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWV
IWV Risk / Return Rank: 6767
Overall Rank
IWV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWV Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWV Omega Ratio Rank: 6666
Omega Ratio Rank
IWV Calmar Ratio Rank: 6262
Calmar Ratio Rank
IWV Martin Ratio Rank: 7373
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 5353
Overall Rank
RSP Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 5353
Sortino Ratio Rank
RSP Omega Ratio Rank: 4949
Omega Ratio Rank
RSP Calmar Ratio Rank: 5454
Calmar Ratio Rank
RSP Martin Ratio Rank: 5858
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.

IWV vs. RSP - Risk-Adjusted Trends 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.

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.

IWVRSPDifference
Sharpe ratioReturn per unit of total volatility
2.11
1.74

+0.37

Sortino ratioReturn per unit of downside risk
2.87
2.50

+0.37

Omega ratioGain probability vs. loss probability

1.38

1.30

+0.08

Calmar ratioReturn relative to maximum drawdown

3.00

2.61

+0.39

Martin ratioReturn relative to average drawdown

13.42

9.88

+3.53

IWV vs. RSP - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 2.11, which is comparable to the RSP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of IWV 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

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.

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Drawdown Indicators

IWVRSPDifference

Max Drawdown

Largest peak-to-trough decline

-55.61%

-59.92%

+4.31%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-7.85%

-1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-19.28%

-17.81%

-1.47%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-21.38%

-3.73%

Max Drawdown (10Y)

Largest decline over 10 years

-35.22%

-39.04%

+3.82%

Current Drawdown

Current decline from peak

-1.46%

-1.15%

-0.31%

Average Drawdown

Average peak-to-trough decline

-10.57%

-6.64%

-3.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.07%

-0.09%

Volatility

IWV vs. RSP - Volatility Comparison

iShares Russell 3000 ETF (IWV) has a higher volatility of 4.65% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.61%. 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.

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Volatility by Period

IWVRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.65%

3.61%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

8.67%

+1.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

11.83%

+0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.32%

16.20%

+1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.45%

18.37%

+0.08%

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%.

Dividends

IWV vs. RSP - Dividend Comparison

IWV's dividend yield for the trailing twelve months is around 0.88%, less than RSP's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
IWV
iShares Russell 3000 ETF		0.88%0.96%1.08%1.30%1.56%1.04%1.30%1.69%1.97%1.58%1.79%1.99%
RSP
Invesco S&P 500 Equal Weight ETF		1.87%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

IWV and RSP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWV has higher volatility (4.65%) compared to RSP (3.61%). In terms of maximum drawdown, IWV dropped -55.61% vs RSP's -59.92%.

On 10-year performance, IWV leads with 15.13% vs 12.27% for RSP. Both ETFs have the same 0.20% expense ratio. On volatility, RSP has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWV has performed better with a 15.13% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWV and RSP have the same expense ratio: 0.20% per year.

RSP has the higher dividend yield at 1.87%, compared with 0.88% for IWV.

IWV is categorized as Large Cap Blend Equities, while RSP is S&P 500. IWV tracks Russell 3000 Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Invesco.

IWV currently has the higher Sharpe Ratio (2.11 vs 1.74), 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.

Portfolio Optimizer

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