IVV vs RSPA
IVV vs RSPA
iShares Core S&P 500 ETF vs Invesco S&P 500 Equal Weight Income Advantage ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RSPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $1.0B | |
| Dividend Yield | 1.09% | 8.95% | |
| Holdings | 508 | 525 | |
| YTD Return | +9.93% | +11.18% | |
| 1Y Return | +19.59% | +18.39% | |
| 3Y Return (annualized) | +19.41% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.1% | 8.9% | |
| Max Drawdown | -56.5% | -15.4% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 17, 2024 |
IVV vs RSPA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is a ETF from Invesco (US). Over the past year IVV returned +19.59% while RSPA returned +18.39%. Year to date, IVV is up 9.93% versus a gain of 11.18% for RSPA.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.9% for RSPA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -15.4% for RSPA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RSPA charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.95% for RSPA.
Holdings Overlap
IVV and RSPA share 483 holdings out of 524 unique holdings combined, representing a 38.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in RSPA | Difference |
|---|---|---|---|
| NVDA | 7.76% | 0.14% | 7.62% |
| AAPL | 7.44% | 0.14% | 7.30% |
| MSFT | 4.57% | 0.14% | 4.43% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings IVV shares with RSPA Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or RSPA?
IVV has an expense ratio of 0.03% while RSPA charges 0.29%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or RSPA?
Over the past year IVV returned +19.59% vs +18.39% for RSPA, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.91% vs +13.06% for RSPA. Past performance does not guarantee future results.
Which is riskier, IVV or RSPA?
IVV has been the more volatile fund at 15.1% annualized versus 8.9% for RSPA. Worst drawdown: IVV -56.5% vs RSPA -15.4%.
Should I hold both IVV and RSPA?
IVV and RSPA have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RSPA?
IVV and RSPA share 483 common holdings with a 38.9% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or RSPA?
IVV yields 1.09% while RSPA yields 8.95%, so RSPA currently pays the higher dividend yield.
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