Data as of Oct 28, 2026.
IWD vs RSP: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWD returned +27.5% to RSP's +16.0%; 45% of their weight is in the same names.
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Net assets on Oct 27, 2026: $83.0bn for iShares Russell 1000 Value ETF and $99.8bn for Invesco S&P 500 Equal Weight ETF.
Pair scorecard
IWD costs 0.02 points a year less; their one-year returns differ by 11.5 points; RSP is 1.2 times larger.
| Measure | IWD | RSP |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.5% | +16.0% |
| Benchmark | ||
| What it tracks | Russell 1000 Value Index | S&P 500 Equal Weight Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.20% |
| Net assets, as of Oct 27, 2026 | $83.0bn | $99.8bn |
| Holdings | ||
| Holdings in common | 45% | |
| Top ten holdings, share of the fund | 29.6% | 2.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 9, 2003 to Oct 23, 2026 · 1,224 weekly returnsEach against its own benchmark: IWD against VONV, Oct 1, 2010 to Oct 23, 2026; RSP against IVV, May 9, 2003 to Oct 23, 2026.
RSP returned more: +1,085.5% to +810.8%. IWD swung slightly less: 17.7% to 18.8%. IWD and RSP fell about the same at their worst: −59.8% and −59.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWD | RSP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +810.8% | +1,085.5% | RSP | Price change plus distributions, reinvested. |
| Annualized | +9.8% | +11.1% | RSP | Total return as a yearly rate. |
| Price return | +437.0% | +726.1% | RSP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.7% | 18.8% | IWD (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 13.2% | IWD (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.8% | −59.6% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 100.0% | 104.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 102.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.07 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.92 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 0.56 | RSP (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.73 | 0.80 | RSP (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.110 | 0.098 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.16 | 0.19 | RSP | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VONV | IVV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.23 | −0.57 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.6% to +0.5% | −2.8% to +1.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.08 | 0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.1% | 5.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,224 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWD and RSP hold 45% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
45% in common
Only in one fund ↓
Side by side
IWD and RSP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWD and RSP do different jobs. What does each one do in a portfolio?
- What each follows. IWD follows Russell 1000 Value Index and RSP follows S&P 500 Equal Weight Index.
- Holdings in common. 45% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWD returned +27.5% and RSP +16.0% with distributions reinvested, a gap of 11.5 points.
Data as of Oct 28, 2026.
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IWD
IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.
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, IWD or RSP?
- In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and RSP +16.0%.
- Which is cheaper, IWD or RSP?
- IWD is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IWD against RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwd-vs-rsp
ETFIQ. (Oct 28, 2026). IWD against RSP. Retrieved from https://etfiq.com/compare/any/iwd-vs-rsp
[IWD against RSP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwd-vs-rsp)
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