How do the expense ratios of RSP and SPY compare, and what does this difference mean for long-term returns?

RSP has an expense ratio of 0.20%, whereas SPY has a lower expense ratio of 0.09%. This represents a difference of 0.11 percentage points. For investors holding these funds long-term, this cost differential can accumulate. For instance, on a £100,000 investment, the annual cost difference is £110. Over ten years, ignoring market volatility, this fee gap results in £1,100 more retained within the SPY position compared to RSP. Investors should consider how these ongoing costs impact their net returns relative to their investment horizon.

Do RSP and SPY track the same index, and what information is available regarding their underlying benchmark?

According to the provided data, the specific index tracked by both RSP (Invesco S&P 500 Equal Weight ETF) and SPY (S&P 500 ETF Trust SPDR) is listed as not available. Consequently, a direct comparison of their precise benchmark methodologies cannot be made from this dataset alone. Investors seeking to understand the exact index composition or rebalancing frequency should consult official fund documentation. It is crucial not to assume identical index tracking without explicit confirmation, as differences in methodology can significantly influence fund performance and risk characteristics.

How do the top holdings of RSP and SPY differ, and what does this suggest about their portfolio composition?

The top holdings for RSP and SPY show no overlap among the listed top ten positions. RSP features holdings such as MRNA (0.67%), VEEV (0.31%), and ZBRA (0.31%), indicating a more distributed exposure with lower weightings in individual stocks. In contrast, SPY is heavily concentrated in large technology and consumer companies like NVDA (8.16%), AAPL (7.44%), and MSFT (5.56%). This disparity suggests that SPY offers concentrated exposure to mega-cap growth stocks, while RSP provides a broader, more evenly weighted access to a wider array of companies across the market.

What are the net asset sizes of RSP and SPY, and how does fund liquidity potentially vary?

SPY is significantly larger than RSP in terms of net assets. SPY holds $785.0 billion, while RSP holds $98.0 billion. Generally, larger funds like SPY may offer higher liquidity and tighter bid-ask spreads due to greater trading volumes and investor interest. RSP, although still a substantial fund, is smaller in comparison. Investors often consider fund size when evaluating liquidity, as larger asset bases can facilitate easier entry and exit points for large transactions. However, both funds represent significant market presence within the Large Blend category.

How do the inception dates of RSP and SPY affect their historical track records?

SPY was established on January 22, 1993, while RSP began on April 24, 2003. This means SPY has approximately a decade longer operational history. A longer track record allows investors to assess performance across more market cycles, including the dot-com bubble and the 2008 financial crisis, which RSP did not experience as a live fund. While past performance is not indicative of future results, SPY’s extensive history provides more data points for evaluating its management strategy over time compared to the relatively younger RSP.

How do the dividend yields of RSP and SPY compare, and how are these distributions typically handled?

RSP currently reports a dividend yield of 1.49%, whereas SPY reports a yield of 0.98%. This indicates that RSP distributes a higher proportion of its value as dividends relative to its price. For ETFs, these distributions are typically paid out periodically, often quarterly, and are drawn from the income generated by the underlying stocks. Investors should note that a higher yield does not necessarily equate to better total returns, as it may reflect price fluctuations or differing sector income characteristics. Dividend reinvestment or payout options vary by brokerage.

What sector weightings are provided for RSP and SPY in the comparison data?

The provided data indicates that sector weights for both RSP and SPY are not available. Therefore, it is impossible to directly compare their exposure to specific industries such as technology, healthcare, or financials using this dataset. Investors usually rely on sector weights to understand diversification and risk concentration. Without this data, one must look at the top holdings or official fund documents to infer sector exposure. It is important not to guess these weights, as the absence of data in this specific comparison means the sector breakdown remains unknown from these facts alone.

How might the different portfolio structures of RSP and SPY align with varied investing goals?

SPY’s concentration in large-cap technology and growth stocks (NVDA, AAPL, MSFT) typically aligns with investors seeking exposure to the broader US equity market's largest and most influential companies. Its lower expense ratio (0.09%) makes it a common choice for cost-conscious long-term holders. RSP, with its equal-weighted structure and higher dividend yield (1.49%), may appeal to investors looking for more balanced exposure across the S&P 500 constituents, potentially reducing reliance on a few mega-cap stocks. Neither is inherently better; the choice depends on whether one prioritises lower costs and mega-cap growth or equal weighting and higher income distribution.

Educational Disclaimer

The information provided above is for educational purposes only and does not constitute financial advice, recommendations, or solicitation to buy or sell any securities. Data is sourced from the provided fund information as of September 22, 2026, and may change over time. All investments carry risk, including potential loss of principal. Expense ratios, yields, and holdings can fluctuate. Investors should consult with a qualified financial adviser and review official fund documentation before making any investment decisions. Past performance is not indicative of future results. The comparison of RSP and SPY highlights factual differences in fees, yields, and holdings, not a prescription for portfolio allocation.

RSP vs SPY

Two funds, one decision: we compare cost, performance and what each ETF actually holds in October 2026.

Compare RSP (Invesco S&P 500 Equal Weight ETF) and SPY (S&P 500 ETF Trust SPDR). This page examines fees, holdings, dividends, and how each fund tracks its market. Educational content, not financial advice.

Compare RSP (Invesco S&P 500 Equal Weight ETF) and SPY (S&P 500 ETF Trust SPDR). This page examines fees, holdings, dividends, and how each fund tracks its market. Educational content, not financial a...

Fund Snapshot

Key Fund Metrics

RSP

Metric

SPY

0.20%

Expense Ratio

0.09%

1.49%

Dividend Yield

0.98%

$98.03B

Net Assets

$785.05B

509

Holdings

505

Apr 24, 2003

Inception Date

Jan 22, 1993

–

Index Tracked

–

Large Blend

Fund Category

Large Blend

SPY costs about $11.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

RSP

Pros

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Considerations

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SPY

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About RSP and SPY

RSP (RSP)

The Invesco S&P 500 Equal Weight ETF offers investors a distinct approach to tracking the performance of large-cap US equities. Unlike traditional index funds that weight companies by market capitalisation, this fund assigns an equal weight to each constituent, typically around 0.20%. This methodology can provide greater exposure to mid-sized companies within the S&P 500 and potentially reduce concentration risk in the largest tech giants. With a modest expense ratio of 0.20% and net assets exceeding USD 98 billion, it stands as a significant vehicle for diversified equity exposure. The fund holds approximately 509 securities, reflecting the inclusion of multiple share classes. While the strategy aims to capture broad market returns, investors should remember that equal-weight portfolios may experience different volatility patterns compared to cap-weighted benchmarks, and past performance is not indicative of future results.

SPY (SPY)

SPDR S&P 500 ETF Trust (SPY) is an exchange‑traded fund designed to track the S&P 500 index, offering investors broad exposure to large‑capitalisation US equities. It is widely used by retail and institutional investors for core portfolio allocation, tactical trading and hedging because of its deep liquidity and transparent holdings. SPY distributes dividends (typically quarterly) and reflects the performance of the underlying index, so returns move with the US large‑cap market. As with any equity product, value can fall as well as rise and past performance is not a guide to the future. Costs, tax considerations and suitability will depend on an individual’s circumstances; consult official documents and consider seeking independent advice where appropriate. This summary is general educational information and not personalised investment advice.

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RSP vs SPY

Fund Snapshot