RSP vs SPY
Invesco S&P 500 Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Last updated: 2026-04-02
Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. equities across growth and value styles. It charges a moderate expense ratio of 0.20%. The fund offers a moderate dividend yield of 1.62%. Launched in 2003, the fund has a 23-year track record.
State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.13%. Launched in 1993, the fund has a 33-year track record.
Quick Verdict
SPY is significantly cheaper at 0.09% vs 0.20% expense ratio, saving you approximately $217 per $10,000 invested over 10 years. Over the past year, SPY has significantly outperformed with a 16.8% return vs 11.0%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 9 holdings overlap (0% overlap in top holdings)
RSP Top Holdings
| Name | Weight |
|---|---|
| APA CorporationAPA | 0.28% |
| LyondellBasell Industries N.V.LYB | 0.25% |
| Dow Inc.DOW | 0.25% |
| Occidental Petroleum CorporationOXY | 0.25% |
| CF Industries Holdings, Inc.CF | 0.24% |
| Coterra Energy Inc.CTRA | 0.24% |
| Devon Energy CorporationDVN | 0.24% |
| ConocoPhillipsCOP | 0.24% |
| EOG Resources, Inc.EOG | 0.24% |
| Exxon Mobil CorporationXOM | 0.24% |
SPY Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.58% |
| Apple Inc.AAPL | 6.66% |
| Microsoft CorporationMSFT | 4.91% |
| Amazon.com, Inc.AMZN | 3.64% |
| Broadcom Inc.AVGO | 2.62% |
| Alphabet Inc.GOOG | 2.40% |
| Meta Platforms, Inc.META | 2.24% |
| Tesla, Inc.TSLA | 1.87% |
| Berkshire Hathaway Inc.BRK.B | 1.57% |
Which One Should You Choose?
Choose SPY if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose SPY if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose RSP if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us large cap blend exposure. Both are solid options — pick whichever your brokerage offers commission-free.