RSP vs. EDV
RSP (Invesco S&P 500 Equal Weight ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, RSP returned 12.18%/yr vs -3.55%/yr for EDV. At a correlation of -0.25, they often move in opposite directions. RSP charges 0.20%/yr vs 0.05%/yr for EDV.
Performance
RSP vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, RSP achieves a 11.61% return, which is significantly higher than EDV's -0.21% return. Over the past 10 years, RSP has outperformed EDV with an annualized return of 12.18%, while EDV has yielded a comparatively lower -3.55% annualized return.
RSP
- 1D
- 0.58%
- 1M
- 5.62%
- YTD
- 11.61%
- 6M
- 10.84%
- 1Y
- 22.05%
- 3Y*
- 14.55%
- 5Y*
- 8.93%
- 10Y*
- 12.18%
EDV
- 1D
- -0.22%
- 1M
- 4.29%
- YTD
- -0.21%
- 6M
- -0.22%
- 1Y
- 3.14%
- 3Y*
- -5.43%
- 5Y*
- -10.13%
- 10Y*
- -3.55%
RSP vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSP Invesco S&P 500 Equal Weight ETF | 11.61% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
EDV Vanguard Extended Duration Treasury ETF | -0.21% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between RSP and EDV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | -0.25 |
The correlation between RSP and EDV shifts across timeframes, from -0.25 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RSP vs. EDV — Risk / Return Rank
RSP
EDV
RSP vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and Vanguard Extended Duration Treasury ETF (EDV). 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.
| RSP | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.05 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 0.25 | +2.57 |
| Martin ratioReturn relative to average drawdown | 10.69 | 0.57 | +10.12 |
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Drawdowns
RSP vs. EDV - Drawdown Comparison
The maximum RSP drawdown since its inception was -59.92%, roughly equal to the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for RSP and EDV.
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Drawdown Indicators
| RSP | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.92% | -59.96% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -12.54% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | -26.99% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -55.03% | +33.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -59.96% | +20.92% |
Current DrawdownCurrent decline from peak | 0.00% | -54.22% | +54.22% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -23.48% | +16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 5.57% | -3.50% |
Volatility
RSP vs. EDV - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 3.59%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 4.21%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSP | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.21% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 9.89% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 14.37% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 21.63% | -5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 19.82% | -1.45% |
RSP vs. EDV - Expense Ratio Comparison
RSP has a 0.20% expense ratio, which is higher than EDV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RSP vs. EDV - Dividend Comparison
RSP's dividend yield for the trailing twelve months is around 1.46%, less than EDV's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.96% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
RSP Invesco S&P 500 Equal Weight ETF | 1.46% | 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
RSP and EDV have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (4.21%) compared to RSP (3.59%). In terms of maximum drawdown, RSP dropped -59.92% vs EDV's -59.96%.
On 10-year performance, RSP leads with 12.18% vs -3.55% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, RSP has been the lower-risk option at 3.59%. 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 12.18% return vs -3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.20% for RSP.
EDV has the higher dividend yield at 4.96%, compared with 1.46% for RSP.
RSP is categorized as S&P 500, while EDV is Government Bonds. RSP tracks S&P 500 Equal Weight Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for RSP and 0.05% for EDV.
RSP currently has the higher Sharpe Ratio (1.88 vs 0.22), 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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