Data as of Oct 28, 2026.

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RSP vs SPGP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, RSP returned +16.0% to SPGP's +7.8%; 15% 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 $2.1bn for Invesco S&P 500 GARP ETF.

At a glance
+16.0%
RSP total return, 1 year
+7.8%
SPGP total return, 1 year
0.20%
RSP expense ratio
0.34%
SPGP expense ratio

Pair scorecard

RSP costs 0.14 points a year less; their one-year returns differ by 8.2 points; RSP is far larger, $99.8bn against $2.1bn.

RSP vs SPGP: Differences, Returns & Fees
MeasureRSPSPGP
Return
Total return, 1 year+16.0%+7.8%
Drawdown
Below its high5.4%, high on Aug 13, 2026
Benchmark
What it tracksS&P 500 Equal Weight IndexS&P 500 GARP Index
Cost and size
Expense ratio0.20%0.34%
Net assets, as of Oct 27, 2026$99.8bn$2.1bn
Holdings
Holdings in common15%
Top ten holdings, share of the fund2.7%20.5%

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

What they share

15%

By the books each fund has filed, RSP and SPGP hold 15% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

15% in common

Positions both hold · largest shared weight first RSP SPGP
PTC Inc 0.30% 1.55%
Carnival Corp Ltd 0.24% 1.77%
Autodesk Inc 0.23% 1.12%
Fortinet Inc 0.23% 1.74%
Eli Lilly & Co 0.22% 2.09%
ResMed Inc 0.22% 1.37%
Royal Caribbean Cruises Ltd 0.22% 1.94%
eBay Inc 0.22% 1.37%
GoDaddy Inc 0.22% 1.52%
Cboe Global Markets Inc 0.22% 1.21%
Visa Inc 0.21% 1.15%
Leidos Holdings Inc 0.21% 1.09%
Only in one fund ↓
Only in RSP
Moderna 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%
Gartner Inc 0.26%
Only in SPGP
Check overlap with more funds →

Side by side

RSP Invesco S&P 500 Equal Weight ETF SPGP Invesco S&P 500 GARP ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 equal weight Tracks an index
Total return, 1 year +16.0% +7.8%
Its benchmark over the same days +13.7% (IVV) +13.7% (VOO)
Gap to its benchmark +2.3 pts vs IVV −5.9 pts vs VOO
Expense ratio 0.20% 0.34%
Already in the S&P 500 99.8% 100.0%
Holdings 508 76
Net assets, as of Oct 27, 2026 $99.8bn $2.1bn

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

Client brief · page 1 of 2 Report BR-FA2950ED1A

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

  1. What each follows. RSP follows S&P 500 Equal Weight Index and SPGP follows S&P 500 GARP Index.
  2. Holdings in common. 15% 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 RSP returned +16.0% and SPGP +7.8% with distributions reinvested, a gap of 8.2 points.

Data as of Oct 28, 2026.

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About each fund
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%.

SPGP

SPGP tracks an index. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% 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 76 positions, with the top ten at 20.5%. It sat 5.4% below its high of Aug 13, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, RSP or SPGP?
In the year to Oct 28, 2026, with distributions reinvested, RSP returned +16.0% and SPGP +7.8%.
Which is cheaper, RSP or SPGP?
RSP is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do RSP and SPGP overlap with the S&P 500?
By their latest filed holdings, 100% of RSP and 100% of SPGP by weight is stocks the S&P 500 already holds.
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ETFIQ, RSP against SPGP, data as of Oct 28, 2026. https://etfiq.com/compare/any/rsp-vs-spgp

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