RSP vs. EUSA
Compare and contrast key facts about Invesco S&P 500® Equal Weight ETF (RSP) and iShares MSCI USA Equal Weighted ETF (EUSA).
RSP and EUSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. Both RSP and EUSA 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: RSP or EUSA.
Key characteristics
| RSP | EUSA | |
|---|---|---|
| YTD Return | 3.36% | 3.61% |
| 1Y Return | 15.06% | 18.91% |
| 3Y Return (Ann) | 4.78% | 3.48% |
| 5Y Return (Ann) | 10.50% | 9.79% |
| 10Y Return (Ann) | 10.21% | 9.98% |
| Sharpe Ratio | 1.38 | 1.60 |
| Daily Std Dev | 12.32% | 12.99% |
| Max Drawdown | -59.92% | -39.16% |
| Current Drawdown | -4.10% | -4.18% |
Correlation
The correlation between RSP and EUSA 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.
Performance
RSP vs. EUSA - Performance Comparison
In the year-to-date period, RSP achieves a 3.36% return, which is significantly lower than EUSA's 3.61% return. Both investments have delivered pretty close results over the past 10 years, with RSP having a 10.21% annualized return and EUSA not far behind at 9.98%. 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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RSP vs. EUSA - Expense Ratio Comparison
RSP has a 0.20% expense ratio, which is higher than EUSA's 0.15% 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%.
Risk-Adjusted Performance
RSP vs. EUSA - Risk-Adjusted Performance 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.
Dividends
RSP vs. EUSA - Dividend Comparison
RSP's dividend yield for the trailing twelve months is around 1.58%, more than EUSA's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSP Invesco S&P 500® Equal Weight ETF | 1.58% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.45% | 1.27% |
EUSA iShares MSCI USA Equal Weighted ETF | 1.49% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% | 1.91% | 1.96% |
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. For additional features, visit the drawdowns tool.
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 3.30% and 3.47%, 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.