SSPY vs. RSP

Last updated Jun 24, 2026

SSPY (Stratified LargeCap Index ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - SSPY is a Large Cap Blend Equities fund tracking the Syntax Stratified LargeCap Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, SSPY returned 20.12% vs 18.97% for RSP. With a 0.97 correlation, they move nearly in lockstep. SSPY charges 0.45%/yr vs 0.20%/yr for RSP.

Performance

SSPY vs. RSP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SSPY having a 10.20% return and RSP slightly lower at 9.94%.

SSPY

• 1D: 0.00%
• 1M: 0.69%
• YTD: 10.20%
• 6M: 9.59%
• 1Y: 20.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSP

• 1D: -0.34%
• 1M: 1.51%
• YTD: 9.94%
• 6M: 9.07%
• 1Y: 18.97%
• 3Y*: 14.87%
• 5Y*: 8.63%
• 10Y*: 12.23%

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

SSPY vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SSPY Stratified LargeCap Index ETF	10.20%	12.88%	-0.90%
RSP Invesco S&P 500 Equal Weight ETF	9.94%	11.21%	-1.72%

Correlation

The correlation between SSPY and RSP is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.97

The correlation between SSPY and RSP has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

SSPY vs. RSP - Sectors Allocation Comparison

Sectors	SSPY	RSP
Technology	20.2%	20.9%
Consumer Cyclical	12.8%	10.0%
Healthcare	11.9%	11.1%
Consumer Defensive	11.7%	6.4%
Industrials	10.2%	14.2%
Financial Services	10.0%	13.9%
Communication Services	6.0%	3.9%
Energy	5.8%	4.0%
Utilities	5.6%	5.7%
Real Estate	3.4%	6.1%
Basic Materials	2.5%	3.9%

Return for Risk

SSPY vs. RSP — Risk / Return Rank

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

SSPY

SSPY Risk / Return Rank: 61
SSPY Sharpe Ratio Rank: 61
SSPY Sortino Ratio Rank: 63
SSPY Omega Ratio Rank: 58
SSPY Calmar Ratio Rank: 60
SSPY Martin Ratio Rank: 63

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 45
RSP Calmar Ratio Rank: 51
RSP Martin Ratio Rank: 54

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.

SSPY vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stratified LargeCap Index ETF (SSPY) 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.

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.

	SSPY	RSP	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.62	+0.26
Sortino ratio: Return per unit of downside risk	2.74	2.34	+0.40
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	2.76	2.43	+0.33
Martin ratio: Return relative to average drawdown	10.55	9.17	+1.38

SSPY vs. RSP - Sharpe Ratio Comparison

The current SSPY Sharpe Ratio is 1.87, which is comparable to the RSP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SSPY and RSP, 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

SSPY vs. RSP - Drawdown Comparison

The maximum SSPY drawdown since its inception was -16.16%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SSPY and RSP.

Drawdown Indicators

	SSPY	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-16.16%	-59.92%	+43.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-7.85%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-1.43%	-1.49%	+0.06%
Average Drawdown Average peak-to-trough decline	-2.27%	-6.64%	+4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.07%	-0.16%

Volatility

SSPY vs. RSP - Volatility Comparison

The current volatility for Stratified LargeCap Index ETF (SSPY) is 3.16%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 3.63%. This indicates that SSPY 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.

Volatility by Period

	SSPY	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	3.63%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	8.68%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	11.82%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.48%	16.20%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.48%	18.33%	-3.85%

SSPY vs. RSP - Expense Ratio Comparison

SSPY has a 0.45% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

SSPY vs. RSP - Dividend Comparison

SSPY's dividend yield for the trailing twelve months is around 1.26%, less than RSP's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.53%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
SSPY Stratified LargeCap Index ETF	1.26%	1.38%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSPY and RSP in my portfolio?

With a correlation of 0.97, SSPY and RSP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSPY or RSP?

RSP has higher volatility (3.63%) compared to SSPY (3.16%). In terms of maximum drawdown, SSPY dropped -16.16% vs RSP's -59.92%.

Which ETF is better, SSPY or RSP?

On 1-year performance, SSPY leads with 20.12% vs 18.97% for RSP. On fees, RSP is cheaper at 0.20% per year. On volatility, SSPY has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SSPY or RSP?

Over the 1-year period, SSPY has performed better with a 20.12% return vs 18.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SSPY or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.45% for SSPY.

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

RSP has the higher dividend yield at 1.53%, compared with 1.26% for SSPY.

What is the main difference between SSPY and RSP?

SSPY is categorized as Large Cap Blend Equities, while RSP is S&P 500. SSPY tracks Syntax Stratified LargeCap Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.45% for SSPY and 0.20% for RSP.

Which has better risk-adjusted returns?

SSPY currently has the higher Sharpe Ratio (1.87 vs 1.62), 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.