RSPA vs. RSP
Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and Invesco S&P 500® Equal Weight ETF (RSP).
RSPA and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPA is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 17, 2025. 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. Both RSPA and RSP 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: RSPA or RSP.
Correlation
The correlation between RSPA and RSP 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
RSPA vs. RSP - Performance Comparison
Key characteristics
RSPA:
10.26%
RSP:
11.38%
RSPA:
-6.15%
RSP:
-59.92%
RSPA:
-2.90%
RSP:
-3.82%
Returns By Period
In the year-to-date period, RSPA achieves a 2.21% return, which is significantly lower than RSP's 2.62% return.
RSPA
2.21%
-0.33%
4.28%
N/A
N/A
N/A
RSP
2.62%
-0.92%
3.94%
13.04%
10.81%
9.95%
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RSPA vs. RSP - Expense Ratio Comparison
RSPA has a 0.29% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
RSPA vs. RSP — Risk-Adjusted Performance Rank
RSPA
RSP
RSPA vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and Invesco S&P 500® Equal Weight ETF (RSP). 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.
Not enough dataDividends
RSPA vs. RSP - Dividend Comparison
RSPA's dividend yield for the trailing twelve months is around 4.75%, more than RSP's 1.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 4.75% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.48% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
RSPA vs. RSP - Drawdown Comparison
The maximum RSPA drawdown since its inception was -6.15%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for RSPA and RSP. For additional features, visit the drawdowns tool.
Volatility
RSPA vs. RSP - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 2.34%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 2.72%. This indicates that RSPA experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.