Data as of Oct 28, 2026.
RSP vs XLG: Differences, Returns & Fees
Over the year to Oct 28, 2026, RSP returned +16.0% to XLG's +6.4%; 10% 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 $11.9bn for Invesco S&P 500 Top 50 ETF.
Pair scorecard
Both cost 0.20% a year; their one-year returns differ by 9.6 points; RSP is 8.4 times larger.
Points (pts) are percentage points.
| Measure | RSP | XLG |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.0% | +6.4% |
| Benchmark | ||
| What it tracks | S&P 500 Equal Weight Index | S&P 500 Top 50 Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.20% |
| Net assets, as of Oct 27, 2026 | $99.8bn | $11.9bn |
| Holdings | ||
| Holdings in common | 10% | |
| Top ten holdings, share of the fund | 2.7% | 60.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 20, 2005 to Oct 23, 2026 · 1,118 weekly returns · each against IVVXLG returned more: +882.5% to +694.1%. XLG swung less: 17.0% to 19.3%. XLG fell less at its worst: −51.7% to −59.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | RSP | XLG | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +694.1% | +882.5% | XLG | Price change plus distributions, reinvested. | |
| Annualized | +10.1% | +11.2% | XLG (slight) | Total return as a yearly rate. | |
| Price return | +464.8% | +572.4% | XLG | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 19.3% | 17.0% | XLG | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 13.6% | 11.8% | XLG | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −59.6% | −51.7% | XLG | Deepest fall from a high to the low after it. | |
| Upside capture | 102.3% | 97.7% | 100.0% | RSP (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 102.5% | 98.5% | 100.0% | XLG (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.07 | 0.95 | 1.00 | XLG lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.95 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.50 | 0.61 | XLG | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.71 | 0.87 | XLG | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.091 | 0.108 | 0.102 | XLG | Return above Treasury bills per unit of beta. |
| Calmar | 0.17 | 0.22 | XLG | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IVV | IVV | IVV | The ETF each fund is measured against. | |
| Alpha | −1.2% a year | +0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.00 | 0.68 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.4% to +1.1% | −1.0% to +2.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.09 | 0.02 | XLG | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.5% | 3.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,118 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, RSP and XLG hold 10% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
10% in common
Only in one fund ↓
Side by side
RSP and XLG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
RSP and XLG do different jobs. What does each one do in a portfolio?
- What each follows. RSP follows S&P 500 Equal Weight Index and XLG follows S&P 500 Top 50 Index.
- Holdings in common. 10% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 RSP returned +16.0% and XLG +6.4% with distributions reinvested, a gap of 9.6 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%.
XLG
XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.
Questions people ask
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 XLG, data as of Oct 28, 2026. https://etfiq.com/compare/any/rsp-vs-xlg
ETFIQ. (Oct 28, 2026). RSP against XLG. Retrieved from https://etfiq.com/compare/any/rsp-vs-xlg
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