RSP vs. FXAIX
Compare and contrast key facts about Invesco S&P 500® Equal Weight ETF (RSP) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSP or FXAIX.
Correlation
The correlation between RSP and FXAIX is 0.93, 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. FXAIX - Performance Comparison
Key characteristics
RSP:
1.33
FXAIX:
1.97
RSP:
1.87
FXAIX:
2.63
RSP:
1.24
FXAIX:
1.37
RSP:
2.13
FXAIX:
2.93
RSP:
7.00
FXAIX:
12.99
RSP:
2.17%
FXAIX:
1.90%
RSP:
11.45%
FXAIX:
12.58%
RSP:
-59.92%
FXAIX:
-33.79%
RSP:
-6.21%
FXAIX:
-3.62%
Returns By Period
In the year-to-date period, RSP achieves a 12.86% return, which is significantly lower than FXAIX's 24.65% return. Over the past 10 years, RSP has underperformed FXAIX with an annualized return of 9.95%, while FXAIX has yielded a comparatively higher 12.79% annualized return.
RSP
12.86%
-2.88%
7.25%
15.21%
10.65%
9.95%
FXAIX
24.65%
-0.72%
7.90%
26.58%
14.57%
12.79%
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RSP vs. FXAIX - Expense Ratio Comparison
RSP has a 0.20% expense ratio, which is higher than FXAIX's 0.02% 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. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight ETF (RSP) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
RSP's dividend yield for the trailing twelve months is around 1.16%, more than FXAIX's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSP Invesco S&P 500® Equal Weight ETF | 1.16% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
FXAIX Fidelity 500 Index Fund | 0.89% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
RSP vs. FXAIX - Drawdown Comparison
The maximum RSP drawdown since its inception was -59.92%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for RSP and FXAIX. For additional features, visit the drawdowns tool.
Volatility
RSP vs. FXAIX - Volatility Comparison
Invesco S&P 500® Equal Weight ETF (RSP) has a higher volatility of 3.94% compared to Fidelity 500 Index Fund (FXAIX) at 3.62%. This indicates that RSP's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.