VSPVX vs. RSP
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Invesco S&P 500 Equal Weight ETF (RSP).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
VSPVX vs. RSP - Performance Comparison
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VSPVX vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | -1.68% | 12.62% | 11.99% | 22.39% | -5.33% | 24.80% | 1.23% | 31.84% | -9.02% | 15.28% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, VSPVX achieves a -1.68% return, which is significantly lower than RSP's 0.62% return. Both investments have delivered pretty close results over the past 10 years, with VSPVX having a 11.12% annualized return and RSP not far ahead at 11.17%.
VSPVX
- 1D
- 0.05%
- 1M
- -6.20%
- YTD
- -1.68%
- 6M
- 1.45%
- 1Y
- 10.96%
- 3Y*
- 13.01%
- 5Y*
- 10.12%
- 10Y*
- 11.12%
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
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VSPVX vs. RSP - Expense Ratio Comparison
VSPVX 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%.
Return for Risk
VSPVX vs. RSP — Risk / Return Rank
VSPVX
RSP
VSPVX vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) 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.
| VSPVX | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.74 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.15 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.08 | -0.23 |
Martin ratioReturn relative to average drawdown | 4.06 | 4.89 | -0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSPVX | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.74 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.48 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.61 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.55 | +0.04 |
Correlation
The correlation between VSPVX and RSP is 0.95, 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.
Dividends
VSPVX vs. RSP - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.85%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.85% | 1.35% | 2.12% | 1.70% | 2.21% | 1.88% | 2.46% | 2.12% | 2.73% | 2.18% | 2.30% | 2.47% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
VSPVX vs. RSP - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VSPVX and RSP.
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Drawdown Indicators
| VSPVX | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -59.92% | +22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -12.54% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -21.38% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -39.04% | +1.99% |
Current DrawdownCurrent decline from peak | -6.20% | -5.97% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -6.69% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.78% | -0.24% |
Volatility
VSPVX vs. RSP - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.27%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.47%. This indicates that VSPVX 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.
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Volatility by Period
| VSPVX | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 4.47% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 8.83% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 17.17% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 16.20% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 18.36% | -1.28% |