What is the difference between an equal-weight technology fund and a market-cap weighted growth fund?

RSPT uses an equal-weight approach, meaning it assigns consistent holdings weight across technology companies, reducing reliance on mega-cap dominance. In contrast, SCHG follows a market-cap weighted approach for large-cap growth stocks, where companies like NVDA and AAPL hold larger weights. This structural difference means RSPT offers targeted sector exposure with diversified tech weights, while SCHG provides broader large-cap growth exposure with concentration in leading innovators.

How do expense ratios affect long-term ETF returns?

The expense ratio is an annual fee deducted from the fund's assets. RSPT has a 0.40% expense ratio, while SCHG has a much lower 0.04% ratio. Over time, this 0.36 percentage point difference compounds. For example, on a $10,000 investment, the annual cost difference is $36. Lower fees enhance net returns, making the cost structure a critical factor when comparing funds with similar growth objectives but different operational models.

What does 'sector-specific volatility' mean for technology investors?

Sector-specific volatility refers to price fluctuations driven by events affecting a particular industry rather than the whole market. RSPT concentrates solely in technology, exposing investors to regulatory changes or cyclical downturns within that sector. Conversely, SCHG includes high-growth sectors like healthcare alongside technology, diversifying its exposure. While both funds can be sensitive to market corrections, RSPT's narrower focus typically results in higher sensitivity to tech-sector news and trends.

Do RSPT and SCHG have overlapping top ten holdings?

No, there are no shared top-10 holdings between the two funds. RSPT's top holdings include companies like ZBRA, DELL, and CRWD, reflecting its equal-weight strategy within the technology sector. SCHG's top positions are dominated by mega-caps such as NVDA, AAPL, and MSFT, due to its market-cap weighted large-growth structure. This distinct composition highlights that owning both funds would not result in significant duplication of the largest positions.

How do liquidity levels compare between RSPT and SCHG?

Liquidity, often measured by net assets, impacts trading ease. SCHG has substantially higher net assets at $65.9 billion compared to RSPT's $6.3 billion. This large asset base ensures strong liquidity and tight bid-ask spreads for SCHG, benefiting active traders. While RSPT offers substantial liquidity for a sector-specific fund, SCHG's scale provides greater depth in the market, potentially reducing transaction costs for larger trades.

What are the dividend yield differences between these two ETFs?

SCHG has a dividend yield of 0.36%, while RSPT's yield is lower at 0.23%. Neither fund is primarily designed for high income generation. SCHG's modest yield reflects its growth-oriented holdings, which often reinvest earnings rather than distributing them. RSPT's lower yield is typical for many technology-focused ETFs. Investors seeking regular income should note that both figures are relatively low compared to dividend-focused strategies.

How does single-stock risk differ between equal-weight and cap-weighted funds?

Equal-weight funds like RSPT reduce single-stock risk by limiting the maximum weight of any one company, currently around 2.06% for its largest holding. In contrast, cap-weighted funds like SCHG can have significant concentration; NVDA accounts for 10.67% of its portfolio. Therefore, a major decline in one of SCHG's top mega-caps impacts the fund's value more heavily than a similar decline in one of RSPT's holdings.

How might rising interest rates affect these two funds?

Rising interest rates generally pressure growth-oriented equities because future earnings are discounted to a lower present value. Both RSPT and SCHG hold growth stocks, but SCHG is more diversified across sectors like healthcare, potentially buffering tech-specific shocks. RSPT's pure technology exposure may experience higher volatility during such phases if tech valuations compress. However, both funds are susceptible to macroeconomic shifts affecting high-growth asset classes.

What sectors do these funds primarily represent?

RSPT is strictly a Technology sector fund, targeting S&P 500 technology companies with equal weights. SCHG is categorized as Large Growth, encompassing multiple sectors including technology, healthcare, and consumer discretionary. While both have significant technology exposure, SCHG's broader mandate means it includes non-tech growth leaders like Eli Lilly. Therefore, RSPT offers pure-play tech exposure, whereas SCHG provides diversified large-cap growth exposure.

How do inception dates reflect the funds' track records?

RSPT was launched in November 2006, offering a longer track record through various market cycles. SCHG launched in December 2009, primarily operating during a prolonged bull market for growth and technology. Investors might consider this history when evaluating performance consistency. A longer inception date allows for observation of how a fund handles different economic environments, though past performance does not guarantee future results.

Which investing goal is each fund typically associated with?

RSPT is typically associated with investors seeking targeted, diversified exposure to the technology sector without the concentration bias of mega-caps. SCHG is often used for core large-cap growth allocation, benefiting from low costs and broad exposure to market-leading companies. The choice depends on whether an investor wants a specific sector bet (RSPT) or a general growth portfolio component (SCHG), each serving different strategic roles.

What should beginners know before comparing these ETFs?

Beginners should understand that comparing ETFs involves looking beyond recent performance. Key factors include expense ratios, which drag on returns over time; holdings, which define risk; and fund objectives, which clarify whether the focus is sector-specific or broad market. It is crucial to align these features with your own risk tolerance and investment horizon. This educational content is not financial advice; consult a professional for personalised guidance.

RSPT vs SCHG

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

Compare RSPT (Invesco S&P 500 Equal Weight Technology ETF) and SCHG (Schwab US Large-Cap Growth ETF). This page examines fees, holdings, dividends, and market tracking. RSPT holds 0.40% expense ratio, SCHG holds 0.04%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

RSPT

Metric

SCHG

0.40%

Expense Ratio

0.04%

0.23%

Dividend Yield

0.36%

$6.28B

Net Assets

$65.89B

Holdings

196

Nov 1, 2006

Inception Date

Dec 11, 2009

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Index Tracked

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Technology

Fund Category

Large Growth

SCHG costs about $36.00 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

RSPT

Pros

RSPT provides targeted exposure to the technology sector within the S&P 500, benefiting from equal-weight diversification.
Its equal-weight approach reduces reliance on mega-cap dominance by assigning consistent holdings weight across technology companies.
With $6.3 billion in net assets, RSPT offers substantial liquidity for investors seeking sector-specific allocation.

Considerations

The 0.40% expense ratio is relatively high compared to broad market ETFs, reducing net returns over time.
Concentration in technology exposes investors to sector-specific volatility and regulatory or cyclical downturns.
The 0.23% dividend yield remains low, limiting income generation for yield-focused investors.

SCHG

Pros

SCHG offers very low-cost exposure to U.S. large-cap growth stocks with a 0.04% expense ratio, enhancing cost efficiency.
The fund's $65.9 billion net assets ensure strong liquidity and tight bid-ask spreads for active traders.
It maintains a diversified portfolio across high-growth sectors while including leading mega-cap technology and healthcare innovators.

Considerations

Heavy concentration in a few mega-caps like NVDA, AAPL and MSFT increases single-stock risk and market dependency.
The 0.36% dividend yield is modest, making it less suitable for investors seeking regular income.
Growth-oriented holdings can experience higher volatility during rising interest rate or market correction phases.

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About RSPT and SCHG

RSPT (RSPT)

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund designed to provide investors with broad exposure to the technology sector within the S&P 500. Unlike traditional index funds that weight companies by market capitalisation—often concentrating holdings in a few mega-cap firms—RSPT assigns an equal weight to each underlying holding. This approach ensures that mid-cap and large-cap technology companies all have the same influence on the fund's performance, potentially offering a more diversified view of the sector. Launched in November 2006, the fund currently holds 77 companies with net assets of approximately USD 6.28 billion. It features an expense ratio of 0.40% and a dividend yield of 0.23%. As with all technology-focused investments, RSPT can be subject to significant volatility, and values may rise or fall, so it is important for investors to understand the inherent risks.

SCHG (SCHG)

SCHG (Schwab US Large‑Cap Growth ETF) is an exchange‑traded fund that offers investors low‑cost exposure to US large‑capitalisation companies exhibiting growth characteristics. It tracks a large‑cap growth index and typically holds companies with higher expected earnings growth, often leading to heavier weights in technology and other growth‑oriented sectors. As an ETF, SCHG provides intraday liquidity, diversification across dozens to hundreds of stocks and a transparent holdings profile. Costs are generally lower than many active funds, but investors should note that growth‑style funds can be more volatile than broad‑market or value strategies and that past performance is not a guide to future returns. SCHG can serve as a growth sleeve within a broader portfolio but may not suit investors seeking high income or very low volatility. This information is educational and not personalised advice; consider your risk tolerance, investment horizon and the role of style and geographic diversification before investing.

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RSPT vs SCHG

Fund Snapshot