Data as of Oct 28, 2026.

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RSP vs SPMD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, RSP returned +16.0% to SPMD's +13.2%; 0% 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 $18.6bn for State Street SPDR Portfolio S&P 400 Mid Cap ETF.

At a glance
+16.0%
RSP total return, 1 year
+13.2%
SPMD total return, 1 year
0.20%
RSP expense ratio
0.03%
SPMD expense ratio

Pair scorecard

SPMD costs 0.17 points a year less; their one-year returns differ by 2.8 points; RSP is 5.4 times larger.

RSP vs SPMD: Differences, Returns & Fees
MeasureRSPSPMD
Return
Total return, 1 year+16.0%+13.2%
Drawdown
Below its high6.5%, high on Aug 14, 2026
Benchmark
What it tracksS&P 500 Equal Weight IndexS&P MidCap 400 Index
Cost and size
Expense ratio0.20%0.03%
Net assets, as of Oct 27, 2026$99.8bn$18.6bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund2.7%7.2%

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

What they share

0%

By the books each fund has filed, RSP and SPMD hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first RSP SPMD
Only in one fund ↓
Only in RSP
Moderna Inc 0.30%
PTC 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%
Only in SPMD
OKTA INC 1.10%
TECHNIPFMC PLC 0.82%
UNITED THERAPEUTICS CORP 0.74%
ENTEGRIS INC 0.67%
ATI INC 0.66%
US FOODS HOLDING CORP 0.65%
RELIANCE INC 0.65%
XPO INC 0.64%
Check overlap with more funds →

Side by side

RSP Invesco S&P 500 Equal Weight ETF SPMD State Street SPDR Portfolio S&P 400 Mid Cap 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% +13.2%
Its benchmark over the same days +13.7% (IVV) +13.2% (IJH)
Gap to its benchmark +2.3 pts vs IVV 0.0 pts vs IJH
Expense ratio 0.20% 0.03%
Already in the S&P 500 99.8% 0.0%
Holdings 508 401
Net assets, as of Oct 27, 2026 $99.8bn $18.6bn

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

Client brief · page 1 of 2 Report BR-7ACB1C30D9

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

  1. What each follows. RSP follows S&P 500 Equal Weight Index and SPMD follows S&P MidCap 400 Index.
  2. Holdings in common. 0% 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 SPMD +13.2% with distributions reinvested, a gap of 2.8 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%.

SPMD

SPMD tracks an index. Over the year to Oct 28, 2026 it returned +13.2% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.2%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, RSP or SPMD?
In the year to Oct 28, 2026, with distributions reinvested, RSP returned +16.0% and SPMD +13.2%.
Which is cheaper, RSP or SPMD?
SPMD 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.
How much do RSP and SPMD overlap with the S&P 500?
By their latest filed holdings, 100% of RSP and 0% of SPMD by weight is stocks the S&P 500 already holds.
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ETFIQ, RSP against SPMD, data as of Oct 28, 2026. https://etfiq.com/compare/any/rsp-vs-spmd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.