VSPGX vs. RSP
Compare and contrast key facts about Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and Invesco S&P 500® Equal Weight ETF (RSP).
VSPGX is managed by Vanguard. It was launched on Apr 5, 2019. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPGX or RSP.
Key characteristics
| VSPGX | RSP | |
|---|---|---|
| YTD Return | 35.14% | 17.77% |
| 1Y Return | 43.91% | 32.71% |
| 3Y Return (Ann) | 8.11% | 6.14% |
| 5Y Return (Ann) | 18.05% | 12.44% |
| 10Y Return (Ann) | 15.29% | 10.71% |
| Sharpe Ratio | 2.58 | 2.78 |
| Sortino Ratio | 3.32 | 3.90 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 2.91 | 2.80 |
| Martin Ratio | 13.68 | 16.48 |
| Ulcer Index | 3.21% | 1.97% |
| Daily Std Dev | 17.02% | 11.70% |
| Max Drawdown | -32.73% | -59.92% |
| Current Drawdown | -0.05% | -0.76% |
Correlation
The correlation between VSPGX and RSP is 0.84, 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
VSPGX vs. RSP - Performance Comparison
In the year-to-date period, VSPGX achieves a 35.14% return, which is significantly higher than RSP's 17.77% return. Over the past 10 years, VSPGX has outperformed RSP with an annualized return of 15.29%, while RSP has yielded a comparatively lower 10.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSPGX vs. RSP - Expense Ratio Comparison
VSPGX has a 0.08% 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%.
Risk-Adjusted Performance
VSPGX vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) 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
VSPGX vs. RSP - Dividend Comparison
VSPGX's dividend yield for the trailing twelve months is around 0.61%, less than RSP's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 0.61% | 1.14% | 0.95% | 0.55% | 0.89% | 0.68% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.44% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
VSPGX vs. RSP - Drawdown Comparison
The maximum VSPGX drawdown since its inception was -32.73%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VSPGX and RSP. For additional features, visit the drawdowns tool.
Volatility
VSPGX vs. RSP - Volatility Comparison
Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) has a higher volatility of 5.09% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.48%. This indicates that VSPGX'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.