ETF Versus

RSP vs SPSM

Invesco S&P 500 Equal Weight ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF

Last updated: 2026-04-02

RSP

Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 2003, the fund has a 23-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2003-05-01

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2013-07-09

Quick Verdict

Over the past year, SPSM has significantly outperformed with a 17.2% return vs 10.1%.

Key Metrics

Metric RSP SPSM
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Blend US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

80 93 106 119 132 145 2021-04 2022-06 2023-09 2024-12 2026-04
RSP +33.4%
SPSM +13.0%

Performance Comparison

Period RSP SPSM Difference
1 Month -4.72% -3.42% -1.30%
3 Months -0.17% +2.83% -3.00%
6 Months +0.71% +4.15% -3.44%
YTD -0.17% +2.83% -3.00%
1 Year +10.11% +17.20% -7.09%
3 Years +33.02% +28.78% +4.24%
5 Years +33.36% +12.96% +20.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period RSP Fees SPSM Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric RSP SPSM
Annualized Volatility 16.2% 21.5%
Max Drawdown -22.5% -28.7%
Sharpe Ratio 0.16 0.01

Dividend Comparison

Metric RSP SPSM
Annual Dividend (per share) $3.12 $0.77
Dividend Yield 1.62% 1.58%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose SPSM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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