Data as of Oct 28, 2026.
RSP vs SCHM: Differences, Returns & Fees
Over the year to Oct 28, 2026, RSP returned +16.0% to SCHM's +18.2%; 16% of their weight is in the same names.
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Net assets: $99.8bn on Oct 27, 2026 for Invesco S&P 500 Equal Weight ETF, and $14.9bn on Aug 31, 2026 for Schwab U.S. Mid-Cap ETF.
Pair scorecard
SCHM costs 0.17 points a year less; their one-year returns differ by 2.2 points.
| Measure | RSP | SCHM |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.0% | +18.2% |
| Drawdown | ||
| Below its high | 5.1%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 Equal Weight Index | Dow Jones U.S. Mid-Cap Total Stock Market Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.03% |
| Net assets, RSP as of Oct 27, 2026 and SCHM as of Aug 31, 2026 | $99.8bn | $14.9bn |
| Holdings | ||
| Holdings in common | 16% | |
| Top ten holdings, share of the fund | 2.7% | 12.4% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, RSP and SCHM hold 16% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
16% in common
Only in one fund ↓
Side by side
RSP and SCHM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
RSP and SCHM do different jobs. What does each one do in a portfolio?
- What each follows. RSP follows S&P 500 Equal Weight Index and SCHM follows Dow Jones U.S. Mid-Cap Total Stock Market Index.
- Holdings in common. 16% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 RSP returned +16.0% and SCHM +18.2% with distributions reinvested, a gap of 2.2 points.
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%.
SCHM
SCHM tracks an index. Over the year to Oct 28, 2026 it returned +18.2% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 491 positions, with the top ten at 12.4%. It sat 5.1% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, RSP or SCHM?
- In the year to Oct 28, 2026, with distributions reinvested, RSP returned +16.0% and SCHM +18.2%.
- Which is cheaper, RSP or SCHM?
- SCHM is cheaper, by 0.17 percentage points a year. That is about $17 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 SCHM, data as of Oct 28, 2026. https://etfiq.com/compare/any/rsp-vs-schm
ETFIQ. (Oct 28, 2026). RSP against SCHM. Retrieved from https://etfiq.com/compare/any/rsp-vs-schm
[RSP against SCHM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/rsp-vs-schm)
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