Which returned more over the last year, RSP or USMV?

In the year to Sep 12, 2026, with distributions reinvested, RSP returned +14.8% and USMV returned +6.6%, so RSP returned more. One year is one year; the longer windows are in the table.

Which is cheaper, RSP or USMV?

RSP charges 0.20% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.

How much do RSP and USMV overlap with the S&P 500?

By their latest filed holdings, 99% of RSP and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 27% of their books are the same securities at the same weight.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

RSP vs USMV: how they differ

RSP and USMV hold 27% of their weight in the same names, and RSP returned more over the year.

Invesco S&P 500 Equal Weight ETF and iShares MSCI USA Min Vol Factor ETF.

What they hold in common

By the books each fund has filed, RSP and USMV hold 27% of their money in the same securities at the same weight.

Positions RSP and USMV both hold, largest shared weight first
Holding	RSP	USMV
Advanced Micro Devices, Inc.	0.33%	0.53%
Ciena Corp.	0.30%	0.33%
Texas Instruments Inc.	0.27%	0.78%
Elevance Health, Inc.	0.25%	0.30%
UnitedHealth Group Inc.	0.25%	0.39%
Analog Devices, Inc.	0.24%	0.43%
Arista Networks, Inc.	0.24%	0.52%
Corning Inc.	0.24%	0.68%
Micron Technology, Inc.	0.24%	0.42%
Broadcom Inc.	0.24%	0.50%
Cisco Systems, Inc.	0.23%	1.81%
VeriSign, Inc.	0.22%	0.77%

Largest positions each one holds and the other does not
Only in RSP	Only in USMV
Intel Corp. 0.38%	WASTE CONNECTIONS, INC. 1.28%
Seagate Technology Holdings PLC 0.34%	LIBERTY MEDIA CORP - FORMULA ONE GROUP 0.57%
ON Semiconductor Corp. 0.33%	SUN COMMUNITIES, INC. 0.54%
Sandisk Corp. 0.32%	MercadoLibre, Inc. 0.34%
Western Digital Corp. 0.31%	FIRST CITIZENS BANCSHARES, INC. 0.32%
Monolithic Power Systems, Inc. 0.29%	ALNYLAM PHARMACEUTICALS, INC. 0.31%
Centene Corp. 0.29%	NEUROCRINE BIOSCIENCES, INC. 0.31%
NXP Semiconductors N.V. 0.28%	MARVELL TECHNOLOGY, INC. 0.26%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.

RSP and USMV on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	RSP Invesco S&P 500 Equal Weight ETF	USMV iShares MSCI USA Min Vol Factor ETF
Where it sits	Core index fund	Core index fund
Issuer	Invesco	iShares
What it is	S&P 500 equal weight	MSCI USA Min Vol Factor
Total return, 1 year	+14.8%	+6.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−2.7 pts	−10.9 pts
Expense ratio	0.20%	0.15%
Already in the S&P 500	99.1%	94.8%
Holdings	503	170

RSP in plain words

RSP is an index equity fund tracking the S&P 500 equal weight. Over the year to Sep 11, 2026 it returned +14.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 503 positions, with the top ten at 3.2%. It sat 3.5% below its high of Aug 14, 2026 on Sep 11, 2026.

USMV in plain words

USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.

Questions people ask

Which returned more over the last year, RSP or USMV?: In the year to Sep 12, 2026, with distributions reinvested, RSP returned +14.8% and USMV returned +6.6%, so RSP returned more. One year is one year; the longer windows are in the table.
Which is cheaper, RSP or USMV?: RSP charges 0.20% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
How much do RSP and USMV overlap with the S&P 500?: By their latest filed holdings, 99% of RSP and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 27% of their books are the same securities at the same weight.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

RSP against USMV, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, RSP against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/RSP-USMV Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources