Data as of Oct 28, 2026.
RSP vs RSPA: Differences, Returns & Fees
Over the year to Oct 28, 2026, RSP returned +16.0% to RSPA's +13.6%; 76% of their weight is in the same names.
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Net assets on Oct 27, 2026: $99.8bn for Invesco S&P 500 Equal Weight ETF and $1.2bn for Invesco S&P 500 Equal Weight Income Advantage ETF.
Pair scorecard
RSP costs 0.09 points a year less; their one-year returns differ by 2.4 points; RSP is far larger, $99.8bn against $1.2bn.
| Measure | RSP | RSPA |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.0% | +13.6% |
| Benchmark | ||
| What it tracks | S&P 500 Equal Weight Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.20% | 0.29% |
| Net assets, as of Oct 27, 2026 | $99.8bn | $1.2bn |
| Holdings | ||
| Holdings in common | 76% | |
| Top ten holdings, share of the fund | 2.7% | 3.0% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jul 26, 2024 to Oct 23, 2026 · 117 weekly returnsEach against its own benchmark: RSP against IVV, May 9, 2003 to Oct 23, 2026; RSPA against RSP, Jul 26, 2024 to Oct 23, 2026.
RSP returned slightly more: +32.3% to +30.0%. RSPA swung less: 10.7% to 13.3%. RSPA fell less at its worst: −13.3% to −15.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | RSP | RSPA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +32.3% | +30.0% | RSP (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.2% | +12.4% | RSP (slight) | Total return as a yearly rate. |
| Price return | +27.6% | +5.3% | RSP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.3% | 10.7% | RSPA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.3% | 7.9% | RSPA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.5% | −13.3% | RSPA | Deepest fall from a high to the low after it. |
| Upside capture | 104.7% | 73.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 102.9% | 79.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.07 | 0.78 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.95 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.76 | RSPA (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.98 | 1.03 | RSPA (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.098 | 0.103 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.85 | 0.93 | RSPA (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | RSP | The ETF each fund is measured against. | |
| Alpha | −0.6% a year | +0.9% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.57 | 0.56 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.8% to +1.5% | −2.3% to +4.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.02 | −0.29 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.4% | 3.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 117 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, RSP and RSPA hold 76% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
76% in common
Only in one fund ↓
Side by side
RSP and RSPA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
RSP and RSPA are built for the same job. How do they differ in cost, holdings and results?
- What each follows. RSP follows S&P 500 Equal Weight Index and RSPA follows No index, actively managed.
- One-year total return. Over 1 year to Oct 28, 2026 RSP returned +16.0% and RSPA +13.6% with distributions reinvested, a gap of 2.4 points.
- Size. RSP has $99.8bn in net assets and RSPA $1.2bn (net assets, as of Oct 27, 2026); RSP is 83.2 times larger.
Data as of Oct 28, 2026.
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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%.
RSPA
RSPA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +16.0% for its benchmark, the S&P 500 Equal Weight Index. The prospectus expense ratio is 0.29% a year. By its holdings published by its issuer for Oct 27, 2026, 73% of the fund by weight is stocks the S&P 500 also holds, across 524 positions, with the top ten at 3.0%.
Questions people ask
- Which returned more over the last year, RSP or RSPA?
- In the year to Oct 28, 2026, with distributions reinvested, RSP returned +16.0% and RSPA +13.6%.
- Which is cheaper, RSP or RSPA?
- RSP is cheaper, by 0.09 percentage points a year. That is about $9 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, RSP against RSPA, data as of Oct 28, 2026. https://etfiq.com/compare/any/rsp-vs-rspa
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