Data as of Oct 28, 2026.

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FPX vs RSP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FPX returned +2.9% to RSP's +16.0%; 3% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.4bn for First Trust US Equity Opportunities ETF and $99.8bn for Invesco S&P 500 Equal Weight ETF.

At a glance
+2.9%
FPX total return, 1 year
+16.0%
RSP total return, 1 year
0.57%
FPX expense ratio
0.20%
RSP expense ratio

Pair scorecard

RSP costs 0.37 points a year less; their one-year returns differ by 13.1 points; RSP is far larger, $99.8bn against $1.4bn.

FPX vs RSP: Differences, Returns & Fees
MeasureFPXRSP
Return
Total return, 1 year+2.9%+16.0%
Drawdown
Below its high15.9%, high on Jun 30, 2026
Benchmark
What it tracksIPOX -100 U.S. IndexS&P 500 Equal Weight Index
Cost and size
Expense ratio0.57%0.20%
Net assets, as of Oct 27, 2026$1.4bn$99.8bn
Holdings
Holdings in common3%
Top ten holdings, share of the fund46.4%2.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

3%

By the books each fund has filed, FPX and RSP hold 3% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first FPX RSP
Eli Lilly and Company 8.28% 0.22%
Honeywell Aerospace Inc. 1.75% 0.22%
International Flavors & Fragrances Inc. 0.68% 0.22%
The J.M. Smucker Company 1.32% 0.20%
Corpay, Inc. 2.09% 0.19%
Qnity Electronics, Inc. 0.57% 0.19%
GE Vernova Inc. 7.36% 0.18%
Twilio Inc. (Class A) 2.01% 0.18%
Reddit, Inc. (Class A) 0.90% 0.18%
Ventas, Inc. 1.37% 0.18%
Solventum Corporation 0.40% 0.18%
The Goldman Sachs Group, Inc. 1.89% 0.17%
Only in one fund ↓
Only in FPX
Space Exploration Technologies Corp. (Class A) 9.24%
HF Sinclair Corp. 3.25%
Roivant Sciences Ltd. 1.51%
Unity Software Inc. 1.51%
Dave Inc. (Class A) 1.44%
American Healthcare REIT, Inc. 1.43%
Royalty Pharma Plc (Class A) 1.42%
Nicolet Bankshares, Inc. 1.35%
Only in RSP
Moderna Inc 0.30%
PTC Inc 0.30%
Everpure Inc 0.28%
Illumina Inc 0.27%
Accenture PLC 0.27%
Hasbro Inc 0.26%
Mettler-Toledo International Inc 0.26%
Revvity Inc 0.26%
Check overlap with more funds →

Side by side

FPX First Trust US Equity Opportunities ETF RSP Invesco S&P 500 Equal Weight ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the S&P 500 equal weight
Total return, 1 year +2.9% +16.0%
Its benchmark over the same days +13.7% (IVV) +13.7% (IVV)
Gap to its benchmark −10.8 pts vs IVV +2.3 pts vs IVV
Expense ratio 0.57% 0.20%
Already in the S&P 500 50.6% 99.8%
Holdings 99 508
Net assets, as of Oct 27, 2026 $1.4bn $99.8bn

FPX and RSP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-EF0950CFB6

FPX and RSP do different jobs. What does each one do in a portfolio?

  1. What each follows. FPX follows IPOX -100 U.S. Index and RSP follows S&P 500 Equal Weight Index.
  2. Holdings in common. 3% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 FPX returned +2.9% and RSP +16.0% with distributions reinvested, a gap of 13.1 points.

Data as of Oct 28, 2026.

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About each fund
FPX

FPX tracks an index. Over the year to Oct 28, 2026 it returned +2.9% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 27, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 46.4%. It sat 15.9% below its high of Jun 30, 2026 on Oct 28, 2026.

RSP

RSP tracks the S&P 500 equal weight. Over the year to Oct 28, 2026 it returned +16.0% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 2.7%.

Questions people ask

Which returned more over the last year, FPX or RSP?
In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and RSP +16.0%.
Which is cheaper, FPX or RSP?
RSP is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FPX and RSP overlap with the S&P 500?
By their latest filed holdings, 51% of FPX and 100% of RSP by weight is stocks the S&P 500 already holds.
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ETFIQ, FPX against RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/fpx-vs-rsp

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