RSPA vs SCHD
RSPA vs SCHD
Invesco S&P 500 Equal Weight Income Advantage ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RSPA offers more diversification with 502 holdings.
Side-by-Side Comparison
| Metric | RSPA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $1.0B | $103.7B | |
| Dividend Yield | 8.95% | 3.31% | |
| Holdings | 525 | 104 | |
| YTD Return | +11.18% | +22.69% | |
| 1Y Return | +18.39% | +30.94% | |
| 3Y Return (annualized) | - | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 8.9% | 13.7% | |
| Max Drawdown | -15.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2024 | Oct 20, 2011 |
RSPA vs SCHD Performance
Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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 RSPA returned +18.39% while SCHD returned +30.94%. Year to date, RSPA is up 11.18% versus a gain of 22.69% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -15.4% for RSPA 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPA charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, RSPA currently yields 8.95% against 3.31% for SCHD.
Holdings Overlap
RSPA and SCHD share 45 holdings out of 557 unique holdings combined, representing a 6.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RSPA | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.15% | 4.54% | 4.39% |
| ABT | 0.15% | 4.49% | 4.34% |
| MRK | 0.16% | 4.32% | 4.16% |
| AMGN | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
See all 10 holdings RSPA 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, RSPA or SCHD?
RSPA has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, RSPA or SCHD?
Over the past year RSPA returned +18.39% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RSPA annualized +13.06% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, RSPA or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 8.9% for RSPA. Worst drawdown: RSPA -15.4% vs SCHD -33.4%.
Should I hold both RSPA and SCHD?
RSPA and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPA and SCHD?
RSPA and SCHD share 45 common holdings with a 6.7% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, RSPA or SCHD?
RSPA yields 8.95% while SCHD yields 3.31%, so RSPA currently pays the higher dividend yield.
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