RSP vs. GSEW

Last updated Jun 3, 2026

RSP (Invesco S&P 500 Equal Weight ETF) and GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index. Both are passively managed. Over the past 5 years, RSP returned 8.52%/yr vs 8.93%/yr for GSEW. With a 0.97 correlation, they move nearly in lockstep. RSP charges 0.20%/yr vs 0.09%/yr for GSEW.

Performance

RSP vs. GSEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RSP having a 10.12% return and GSEW slightly higher at 10.25%.

RSP

• 1D: 0.40%
• 1M: 3.56%
• YTD: 10.12%
• 6M: 11.44%
• 1Y: 20.95%
• 3Y*: 15.37%
• 5Y*: 8.52%
• 10Y*: 11.90%

GSEW

• 1D: 0.20%
• 1M: 3.49%
• YTD: 10.25%
• 6M: 11.51%
• 1Y: 20.52%
• 3Y*: 17.69%
• 5Y*: 8.93%
• 10Y*: —

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

RSP vs. GSEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSP Invesco S&P 500 Equal Weight ETF	10.12%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	7.71%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	10.25%	11.97%	16.89%	17.80%	-17.54%	25.43%	16.28%	31.04%	-8.11%	7.67%

Correlation

The correlation between RSP and GSEW is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017	0.97

The correlation between RSP and GSEW has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

RSP vs. GSEW - Sectors Allocation Comparison

Sectors	RSP	GSEW
Technology	19.6%	20.9%
Financial Services	14.5%	14.3%
Industrials	14.1%	15.6%
Healthcare	11.0%	11.3%
Consumer Cyclical	9.9%	9.1%
Consumer Defensive	6.5%	5.7%
Utilities	6.1%	5.8%
Real Estate	6.0%	4.0%
Energy	4.5%	4.9%
Basic Materials	4.1%	4.6%
Communication Services	3.7%	3.5%

Return for Risk

RSP vs. GSEW — Risk / Return Rank

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

RSP

RSP Risk / Return Rank: 54
RSP Sharpe Ratio Rank: 52
RSP Sortino Ratio Rank: 54
RSP Omega Ratio Rank: 51
RSP Calmar Ratio Rank: 53
RSP Martin Ratio Rank: 57

GSEW

GSEW Risk / Return Rank: 51
GSEW Sharpe Ratio Rank: 49
GSEW Sortino Ratio Rank: 49
GSEW Omega Ratio Rank: 46
GSEW Calmar Ratio Rank: 53
GSEW Martin Ratio Rank: 58

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. GSEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). 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.

	RSP	GSEW	Difference
Sharpe ratio Return per unit of total volatility	1.82	1.70	+0.12
Sortino ratio Return per unit of downside risk	2.63	2.42	+0.21
Omega ratio Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio Return relative to maximum drawdown	2.68	2.69	-0.01
Martin ratio Return relative to average drawdown	10.20	10.32	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSP vs. GSEW - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.82, which is comparable to the GSEW Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of RSP and GSEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSP	GSEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.70	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.53	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.62	-0.05

Drawdowns

RSP vs. GSEW - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, which is greater than GSEW's maximum drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for RSP and GSEW.

Drawdown Indicators

	RSP	GSEW	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-38.65%	-21.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-7.72%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.81%	-18.18%	+0.37%
Max Drawdown (5Y) Largest decline over 5 years	-21.38%	-25.74%	+4.36%
Max Drawdown (10Y) Largest decline over 10 years	-39.04%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.65%	-5.89%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.02%	+0.04%

Volatility

RSP vs. GSEW - Volatility Comparison

Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) have volatilities of 2.61% and 2.69%, 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.

Volatility by Period

	RSP	GSEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.69%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	9.05%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	12.10%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	16.91%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	19.20%	-0.84%

RSP vs. GSEW - Expense Ratio Comparison

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

RSP's dividend yield for the trailing twelve months is around 1.48%, more than GSEW's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.41%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.48%	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

Can I hold both RSP and GSEW in my portfolio?

With a correlation of 0.97, RSP and GSEW 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.

Which is riskier, RSP or GSEW?

GSEW has higher volatility (2.69%) compared to RSP (2.61%). In terms of maximum drawdown, RSP dropped -59.92% vs GSEW's -38.65%.

Which ETF is better, RSP or GSEW?

On 5-year performance, GSEW leads with 8.93% vs 8.52% for RSP. On fees, GSEW is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSP or GSEW?

Over the 5-year period, GSEW has performed better with a 8.93% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSP or GSEW?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.20% for RSP.

Which ETF pays a higher dividend yield, RSP or GSEW?

RSP has the higher dividend yield at 1.48%, compared with 1.41% for GSEW.

What is the main difference between RSP and GSEW?

RSP is categorized as S&P 500, while GSEW is Large Cap Growth Equities. RSP tracks S&P 500 Equal Weight Index, while GSEW tracks Solactive US Large Cap Equal Weight Index. They also come from different issuers: Invesco and Goldman Sachs. Their fees differ too: 0.20% for RSP and 0.09% for GSEW.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.82 vs 1.70), 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.