Data as of Oct 28, 2026.
RPV vs RSP: Differences, Returns & Fees
Over the year to Oct 28, 2026, RPV returned +22.3% to RSP's +16.0%; 23% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.7bn for Invesco S&P 500 Pure Value ETF and $99.8bn for Invesco S&P 500 Equal Weight ETF.
Pair scorecard
RSP costs 0.15 points a year less; their one-year returns differ by 6.3 points; RSP is far larger, $99.8bn against $1.7bn.
| Measure | RPV | RSP |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.3% | +16.0% |
| Benchmark | ||
| What it tracks | S&P 500 Pure Value Index | S&P 500 Equal Weight Index |
| Cost and size | ||
| Expense ratio | 0.35% | 0.20% |
| Net assets, as of Oct 27, 2026 | $1.7bn | $99.8bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 21.6% | 2.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 17, 2006 to Oct 23, 2026 · 1,075 weekly returnsRSP returned slightly more: +580.2% to +528.3%. RSP swung less: 19.5% to 25.0%. RSP fell less at its worst: −59.6% to −75.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | RPV | RSP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +528.3% | +580.2% | RSP (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.3% | +9.7% | RSP (slight) | Total return as a yearly rate. |
| Price return | +299.0% | +389.1% | RSP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 25.0% | 19.5% | RSP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.5% | 13.8% | RSP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −75.3% | −59.6% | RSP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.41 | 0.48 | RSP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.59 | 0.69 | RSP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.12 | 0.16 | RSP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,075 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, RPV and RSP hold 23% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
23% in common
Only in one fund ↓
Side by side
RPV and RSP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
RPV and RSP are built for the same job. How do they differ in cost, holdings and results?
- What each follows. RPV follows S&P 500 Pure Value Index and RSP follows S&P 500 Equal Weight Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 RPV returned +22.3% and RSP +16.0% with distributions reinvested, a gap of 6.3 points.
Data as of Oct 28, 2026.
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RPV
RPV tracks an index. Over the year to Oct 28, 2026 it returned +22.3% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 120 positions, with the top ten at 21.6%.
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, RPV or RSP?
- In the year to Oct 28, 2026, with distributions reinvested, RPV returned +22.3% and RSP +16.0%.
- Which is cheaper, RPV or RSP?
- RSP is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, RPV against RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/rpv-vs-rsp
ETFIQ. (Oct 28, 2026). RPV against RSP. Retrieved from https://etfiq.com/compare/any/rpv-vs-rsp
[RPV against RSP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/rpv-vs-rsp)
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