RSP vs. USMF

Last updated Jun 16, 2026

RSP (Invesco S&P 500 Equal Weight ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, RSP returned 8.93%/yr vs 8.31%/yr for USMF. Their correlation of 0.90 suggests significant overlap in exposure. RSP charges 0.20%/yr vs 0.28%/yr for USMF.

Performance

RSP vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight ETF (RSP) and WisdomTree US Multifactor Fund (USMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSP achieves a 11.61% return, which is significantly higher than USMF's 6.65% return.

RSP

• 1D: 0.58%
• 1M: 5.62%
• YTD: 11.61%
• 6M: 10.84%
• 1Y: 22.05%
• 3Y*: 14.55%
• 5Y*: 8.93%
• 10Y*: 12.18%

USMF

• 1D: 1.25%
• 1M: 5.30%
• YTD: 6.65%
• 6M: 6.40%
• 1Y: 9.68%
• 3Y*: 13.99%
• 5Y*: 8.31%
• 10Y*: —

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

RSP vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSP Invesco S&P 500 Equal Weight ETF	11.61%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	10.49%
USMF WisdomTree US Multifactor Fund	6.65%	4.60%	19.65%	13.47%	-8.82%	21.26%	12.01%	24.06%	-4.72%	11.27%

Correlation

The correlation between RSP and USMF is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017	0.90

The correlation between RSP and USMF has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

RSP vs. USMF - Sectors Allocation Comparison

Sectors	RSP	USMF
Technology	20.9%	33.2%
Industrials	14.2%	8.2%
Financial Services	13.9%	10.7%
Healthcare	11.1%	9.0%
Consumer Cyclical	10.0%	10.5%
Consumer Defensive	6.4%	4.3%
Real Estate	6.1%	2.0%
Utilities	5.7%	1.9%
Energy	4.0%	4.8%
Basic Materials	3.9%	0.9%
Communication Services	3.9%	9.8%

Return for Risk

RSP vs. USMF — Risk / Return Rank

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

RSP

RSP Risk / Return Rank: 63
RSP Sharpe Ratio Rank: 64
RSP Sortino Ratio Rank: 66
RSP Omega Ratio Rank: 60
RSP Calmar Ratio Rank: 62
RSP Martin Ratio Rank: 65

USMF

USMF Risk / Return Rank: 28
USMF Sharpe Ratio Rank: 26
USMF Sortino Ratio Rank: 25
USMF Omega Ratio Rank: 24
USMF Calmar Ratio Rank: 32
USMF Martin Ratio Rank: 32

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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and WisdomTree US Multifactor Fund (USMF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RSP	USMF	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.86	+1.02
Sortino ratio: Return per unit of downside risk	2.71	1.29	+1.41
Omega ratio: Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio: Return relative to maximum drawdown	2.82	1.50	+1.32
Martin ratio: Return relative to average drawdown	10.69	4.47	+6.22

RSP vs. USMF - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.88, which is higher than the USMF Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of RSP and USMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSP vs. USMF - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, which is greater than USMF's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for RSP and USMF.

Drawdown Indicators

	RSP	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-36.24%	-23.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-6.47%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.81%	-15.39%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-21.38%	-18.10%	-3.28%
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	-6.64%	-4.15%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.17%	-0.10%

Volatility

RSP vs. USMF - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 3.59%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.10%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSP	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.10%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	8.13%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	11.31%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	14.34%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	16.97%	+1.40%

RSP vs. USMF - Expense Ratio Comparison

RSP has a 0.20% expense ratio, which is lower than USMF's 0.28% expense ratio.

Dividends

RSP vs. USMF - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.46%, more than USMF's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.46%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
USMF WisdomTree US Multifactor Fund	1.29%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSP and USMF in my portfolio?

RSP and USMF have a correlation of 0.84, 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 USMF?

USMF has higher volatility (4.10%) compared to RSP (3.59%). In terms of maximum drawdown, RSP dropped -59.92% vs USMF's -36.24%.

Which ETF is better, RSP or USMF?

On 5-year performance, RSP leads with 8.93% vs 8.31% for USMF. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSP or USMF?

Over the 5-year period, RSP has performed better with a 8.93% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSP or USMF?

RSP is cheaper with a 0.20% expense ratio, compared with 0.28% for USMF.

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

RSP has the higher dividend yield at 1.46%, compared with 1.29% for USMF.

What is the main difference between RSP and USMF?

RSP is categorized as S&P 500, while USMF is Mid Cap Blend Equities. RSP tracks S&P 500 Equal Weight Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.20% for RSP and 0.28% for USMF.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.88 vs 0.86), 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.