RSP vs. IWV

Last updated Jun 4, 2026

RSP (Invesco S&P 500 Equal Weight ETF) and IWV (iShares Russell 3000 ETF) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index. Both are passively managed. Over the past 10 years, RSP returned 11.86%/yr vs 14.86%/yr for IWV. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

RSP vs. IWV - 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 Russell 3000 ETF (IWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSP achieves a 9.70% return, which is significantly lower than IWV's 10.78% return. Over the past 10 years, RSP has underperformed IWV with an annualized return of 11.86%, while IWV has yielded a comparatively higher 14.86% annualized return.

RSP

• 1D: -0.38%
• 1M: 3.77%
• YTD: 9.70%
• 6M: 10.18%
• 1Y: 19.50%
• 3Y*: 15.23%
• 5Y*: 8.33%
• 10Y*: 11.86%

IWV

• 1D: -0.76%
• 1M: 4.87%
• YTD: 10.78%
• 6M: 10.68%
• 1Y: 27.44%
• 3Y*: 21.75%
• 5Y*: 12.53%
• 10Y*: 14.86%

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

RSP vs. IWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSP Invesco S&P 500 Equal Weight ETF	9.70%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%
IWV iShares Russell 3000 ETF	10.78%	16.96%	23.49%	25.82%	-19.28%	25.54%	20.55%	30.66%	-5.43%	20.97%

Correlation

The correlation between RSP and IWV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 1, 2003	0.94

The correlation between RSP and IWV shifts across timeframes, from 0.78 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

RSP vs. IWV - Sectors Allocation Comparison

Sectors	RSP	IWV
Technology	19.6%	33.1%
Financial Services	14.5%	12.2%
Industrials	14.1%	9.6%
Healthcare	11.0%	9.1%
Consumer Cyclical	9.9%	10.2%
Consumer Defensive	6.5%	4.7%
Utilities	6.1%	2.3%
Real Estate	6.0%	2.4%
Energy	4.5%	3.8%
Basic Materials	4.1%	2.2%
Communication Services	3.7%	10.5%

Return for Risk

RSP vs. IWV — Risk / Return Rank

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

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 50
RSP Martin Ratio Rank: 54

IWV

IWV Risk / Return Rank: 67
IWV Sharpe Ratio Rank: 67
IWV Sortino Ratio Rank: 67
IWV Omega Ratio Rank: 66
IWV Calmar Ratio Rank: 62
IWV Martin Ratio Rank: 74

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. IWV - 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 Russell 3000 ETF (IWV). 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	IWV	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.28	-0.58
Sortino ratio Return per unit of downside risk	2.47	3.13	-0.66
Omega ratio Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio Return relative to maximum drawdown	2.49	3.10	-0.61
Martin ratio Return relative to average drawdown	9.48	14.28	-4.80
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. IWV - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.70, which is comparable to the IWV Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of RSP and IWV, 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	IWV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.28	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.73	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.81	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.45	+0.12

Drawdowns

RSP vs. IWV - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, which is greater than IWV's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for RSP and IWV.

Drawdown Indicators

	RSP	IWV	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-55.61%	-4.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-8.89%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.81%	-19.28%	+1.47%
Max Drawdown (5Y) Largest decline over 5 years	-21.38%	-25.11%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	-39.04%	-35.22%	-3.82%
Current Drawdown Current decline from peak	-0.38%	-0.76%	+0.38%
Average Drawdown Average peak-to-trough decline	-6.65%	-10.59%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.93%	+0.13%

Volatility

RSP vs. IWV - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 2.56%, while iShares Russell 3000 ETF (IWV) has a volatility of 2.95%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than IWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSP	IWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	2.95%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	9.09%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	12.11%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	17.24%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	18.40%	-0.05%

RSP vs. IWV - Expense Ratio Comparison

Both RSP and IWV have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

RSP vs. IWV - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.49%, more than IWV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWV iShares Russell 3000 ETF	0.85%	0.96%	1.08%	1.30%	1.56%	1.04%	1.30%	1.69%	1.97%	1.58%	1.79%	1.99%
RSP Invesco S&P 500 Equal Weight ETF	1.49%	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 IWV in my portfolio?

RSP and IWV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSP or IWV?

IWV has higher volatility (2.95%) compared to RSP (2.56%). In terms of maximum drawdown, RSP dropped -59.92% vs IWV's -55.61%.

Which ETF is better, RSP or IWV?

On 10-year performance, IWV leads with 14.86% vs 11.86% for RSP. Both ETFs have the same 0.20% expense ratio. On volatility, RSP has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSP or IWV?

Over the 10-year period, IWV has performed better with a 14.86% return vs 11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSP or IWV?

RSP and IWV have the same expense ratio: 0.20% per year.

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

RSP has the higher dividend yield at 1.49%, compared with 0.85% for IWV.

What is the main difference between RSP and IWV?

RSP is categorized as S&P 500, while IWV is Large Cap Blend Equities. RSP tracks S&P 500 Equal Weight Index, while IWV tracks Russell 3000 Index. They also come from different issuers: Invesco and iShares.

Which has better risk-adjusted returns?

IWV currently has the higher Sharpe Ratio (2.28 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.