RSP vs. SCHD
Compare and contrast key facts about Invesco S&P 500® Equal Weight ETF (RSP) and Schwab US Dividend Equity ETF (SCHD).
RSP and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both RSP and SCHD 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 SCHD.
Correlation
The correlation between RSP and SCHD 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. SCHD - Performance Comparison
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Key characteristics
RSP:
0.51
SCHD:
0.19
RSP:
0.85
SCHD:
0.42
RSP:
1.12
SCHD:
1.06
RSP:
0.50
SCHD:
0.22
RSP:
1.83
SCHD:
0.71
RSP:
4.85%
SCHD:
5.02%
RSP:
17.32%
SCHD:
16.24%
RSP:
-59.92%
SCHD:
-33.37%
RSP:
-4.50%
SCHD:
-9.26%
Returns By Period
In the year-to-date period, RSP achieves a 1.90% return, which is significantly higher than SCHD's -2.83% return. Over the past 10 years, RSP has underperformed SCHD with an annualized return of 9.83%, while SCHD has yielded a comparatively higher 10.50% annualized return.
RSP
1.90%
9.68%
-2.41%
8.76%
16.27%
9.83%
SCHD
-2.83%
3.99%
-7.32%
3.02%
13.75%
10.50%
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RSP vs. SCHD - Expense Ratio Comparison
RSP has a 0.20% expense ratio, which is higher than SCHD's 0.06% 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. SCHD — Risk-Adjusted Performance Rank
RSP
SCHD
RSP vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight ETF (RSP) and Schwab US Dividend Equity ETF (SCHD). 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.
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Dividends
RSP vs. SCHD - Dividend Comparison
RSP's dividend yield for the trailing twelve months is around 1.58%, less than SCHD's 3.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSP Invesco S&P 500® Equal Weight ETF | 1.58% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
SCHD Schwab US Dividend Equity ETF | 3.95% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
RSP vs. SCHD - Drawdown Comparison
The maximum RSP drawdown since its inception was -59.92%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for RSP and SCHD. For additional features, visit the drawdowns tool.
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Volatility
RSP vs. SCHD - Volatility Comparison
Invesco S&P 500® Equal Weight ETF (RSP) has a higher volatility of 5.26% compared to Schwab US Dividend Equity ETF (SCHD) at 4.86%. This indicates that RSP's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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