RSP vs SCHD
RSP vs SCHD
Invesco S&P 500 Equal Weight ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RSP offers more diversification with 433 holdings.
Side-by-Side Comparison
| Metric | RSP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $97.4B | $103.7B | |
| Dividend Yield | 1.51% | 3.31% | |
| Holdings | 510 | 104 | |
| YTD Return | +13.49% | +23.02% | |
| 1Y Return | +20.09% | +30.75% | |
| 3Y Return (annualized) | +14.52% | +14.89% | |
| 5Y Return (annualized) | +8.87% | +9.38% | |
| Volatility (annualized) | 16.5% | 13.6% | |
| Max Drawdown | -60.9% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Oct 20, 2011 |
RSP vs SCHD Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RSP returned +20.09% while SCHD returned +30.75%. Year to date, RSP is up 13.49% versus a gain of 23.02% for SCHD.
Over three years, RSP compounded at +14.52% per year against +14.89% for SCHD; over five years the annualized figures are +8.87% and +9.38% respectively. Across the full 15-year window we track, SCHD has the edge at +11.33% annualized vs +10.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.6% for SCHD. 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 -60.9% for RSP and -33.4% for SCHD. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RSP charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, RSP currently yields 1.51% against 3.31% for SCHD.
Holdings Overlap
RSP and SCHD share 39 holdings out of 494 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RSP | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.20% | 4.54% | 4.34% |
| ABT | 0.20% | 4.49% | 4.29% |
| MRK | 0.21% | 4.32% | 4.11% |
| AMGN | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
See all 10 holdings RSP shares with SCHD 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, RSP or SCHD?
RSP has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, RSP or SCHD?
Over the past year RSP returned +20.09% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RSP annualized +10.04% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, RSP or SCHD?
RSP has been the more volatile fund at 16.5% annualized versus 13.6% for SCHD. Worst drawdown: RSP -60.9% vs SCHD -33.4%.
Should I hold both RSP and SCHD?
RSP and SCHD have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between RSP and SCHD?
RSP and SCHD share 39 common holdings with a 7.5% weight overlap. Combined, they hold 494 unique securities.
Which pays a higher dividend, RSP or SCHD?
RSP yields 1.51% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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