Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
RSP vs USMV: how they differ
RSP and USMV hold 0% of their weight in the same names, and RSP returned more over the year.
Invesco S&P 500 Equal Weight ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, RSP and USMV hold 0% of their money in the same securities at the same weight.
| Only in RSP | Only in USMV |
|---|---|
| Moderna Inc 0.58% | AMPHENOL CORP CLASS A 1.58% |
| Veeva Systems Inc 0.31% | MICROSOFT 1.56% |
| Zebra Technologies Corp 0.31% | NVIDIA 1.54% |
| Marathon Petroleum Corp 0.29% | WELLTOWER 1.53% |
| Valero Energy Corp 0.29% | CHUBB 1.49% |
| Charles River Laboratories International 0.28% | JOHNSON & JOHNSON 1.49% |
| Phillips 66 0.28% | VERIZON COMMUNICATIONS INC 1.49% |
| Salesforce Inc 0.28% | EXXONMOBIL HOLDINGS CORP 1.48% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| RSP Invesco S&P 500 Equal Weight ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | iShares |
| What it is | S&P 500 equal weight | MSCI USA Min Vol Factor |
| Total return, 1 year | +14.8% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −2.7 pts | −10.9 pts |
| Expense ratio | 0.20% | 0.15% |
| Already in the S&P 500 | 99.1% | 94.8% |
| Holdings | 506 | 175 |
RSP in plain words
RSP is an index equity fund tracking the S&P 500 equal weight. Over the year to Sep 11, 2026 it returned +14.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Sep 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 3.2%. It sat 3.5% below its high of Aug 14, 2026 on Sep 11, 2026.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, RSP or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, RSP returned +14.8% and USMV returned +6.6%, so RSP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, RSP or USMV?
- RSP charges 0.20% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do RSP and USMV overlap with the S&P 500?
- By their latest filed holdings, 99% of RSP and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, RSP against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/rsp-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources