PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RSP vs. EUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSP vs. EUSA

Last updated Jun 24, 2026

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

Performance

RSP vs. EUSA - Performance Comparison

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

Loading charts...

Returns By Period

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

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSP vs. EUSA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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%

Correlation

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

RSP vs. EUSA - Sectors Allocation Comparison

Sectors
RSP
EUSA

Technology

20.9%
20.3%

Industrials

14.2%
15.3%

Financial Services

13.9%
14.7%

Healthcare

11.1%
10.8%

Consumer Cyclical

10.0%
11.1%

Consumer Defensive

6.4%
5.3%

Real Estate

6.1%
5.2%

Utilities

5.7%
5.4%

Energy

4.0%
3.8%

Basic Materials

3.9%
4.3%

Communication Services

3.9%
4.0%

Technology

RSP
20.9%
EUSA
20.3%

Industrials

RSP
14.2%
EUSA
15.3%

Financial Services

RSP
13.9%
EUSA
14.7%

Healthcare

RSP
11.1%
EUSA
10.8%

Consumer Cyclical

RSP
10.0%
EUSA
11.1%

Consumer Defensive

RSP
6.4%
EUSA
5.3%

Real Estate

RSP
6.1%
EUSA
5.2%

Utilities

RSP
5.7%
EUSA
5.4%

Energy

RSP
4.0%
EUSA
3.8%

Basic Materials

RSP
3.9%
EUSA
4.3%

Communication Services

RSP
3.9%
EUSA
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.

Invesco S&P 500 Equal Weight ETF

iShares MSCI USA Equal Weighted ETF

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

Return for Risk

RSP vs. EUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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.

RSP vs. EUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and iShares MSCI USA Equal Weighted ETF (EUSA). 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.

RSPEUSADifference
Sharpe ratioReturn per unit of total volatility
1.62
1.42

+0.19

Sortino ratioReturn per unit of downside risk
2.34
2.06

+0.28

Omega ratioGain probability vs. loss probability

1.28

1.25

+0.04

Calmar ratioReturn relative to maximum drawdown

2.43

2.20

+0.23

Martin ratioReturn relative to average drawdown

9.17

8.64

+0.53

RSP vs. EUSA - Sharpe Ratio Comparison

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

Loading charts...

Drawdowns

RSP vs. EUSA - Drawdown Comparison

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

Loading charts...

Drawdown Indicators

RSPEUSADifference

Max Drawdown

Largest peak-to-trough decline

-59.92%

-39.16%

-20.76%

Max Drawdown (1Y)

Largest decline over 1 year

-7.85%

-7.82%

-0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.81%

-18.20%

+0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-25.24%

+3.86%

Max Drawdown (10Y)

Largest decline over 10 years

-39.04%

-39.16%

+0.12%

Current Drawdown

Current decline from peak

-1.49%

-1.58%

+0.09%

Average Drawdown

Average peak-to-trough decline

-6.64%

-4.58%

-2.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

1.98%

+0.09%

Volatility

RSP vs. EUSA - Volatility Comparison

Invesco S&P 500 Equal Weight ETF (RSP) and iShares MSCI USA Equal Weighted ETF (EUSA) have volatilities of 3.63% and 3.78%, 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.

Loading charts...

Volatility by Period

RSPEUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

3.78%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

8.68%

9.11%

-0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

12.09%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.20%

16.99%

-0.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.33%

18.32%

+0.01%

RSP vs. EUSA - Expense Ratio Comparison

RSP has a 0.20% expense ratio, which is higher than EUSA's 0.09% 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. EUSA - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.53%, more than EUSA's 1.48% 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, RSP and EUSA 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, RSP dropped -59.92% vs EUSA's -39.16%.

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.

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

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.

Portfolio Optimizer

Find the right allocation for RSP and EUSA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer