SPY vs. RSP
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Invesco S&P 500® Equal Weight ETF (RSP).
SPY and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. 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 SPY 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: SPY or RSP.
Performance
SPY vs. RSP - Performance Comparison
Returns By Period
In the year-to-date period, SPY achieves a 26.08% return, which is significantly higher than RSP's 19.00% return. Over the past 10 years, SPY has outperformed RSP with an annualized return of 13.10%, while RSP has yielded a comparatively lower 10.62% annualized return.
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
RSP
19.00%
3.69%
12.70%
28.70%
12.60%
10.62%
Key characteristics
| SPY | RSP | |
|---|---|---|
| Sharpe Ratio | 2.70 | 2.50 |
| Sortino Ratio | 3.60 | 3.47 |
| Omega Ratio | 1.50 | 1.44 |
| Calmar Ratio | 3.90 | 3.63 |
| Martin Ratio | 17.52 | 14.40 |
| Ulcer Index | 1.87% | 1.99% |
| Daily Std Dev | 12.14% | 11.49% |
| Max Drawdown | -55.19% | -59.92% |
| Current Drawdown | -0.85% | 0.00% |
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SPY vs. RSP - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than RSP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPY and RSP is 0.94, 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.
Risk-Adjusted Performance
SPY vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) 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.
Dividends
SPY vs. RSP - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.18%, less than RSP's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
RSP Invesco S&P 500® Equal Weight ETF | 1.43% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
SPY vs. RSP - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SPY and RSP. For additional features, visit the drawdowns tool.
Volatility
SPY vs. RSP - Volatility Comparison
SPDR S&P 500 ETF (SPY) has a higher volatility of 3.98% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.68%. This indicates that SPY's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.