RSPA vs SPY
RSPA vs SPY
Invesco S&P 500 Equal Weight Income Advantage ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RSPA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $1.0B | $789.1B | |
| Dividend Yield | 8.95% | 1.01% | |
| Holdings | 525 | 505 | |
| YTD Return | +11.18% | +9.93% | |
| 1Y Return | +18.39% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 8.9% | 15.3% | |
| Max Drawdown | -15.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2024 | Jan 22, 1993 |
RSPA vs SPY Performance
Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RSPA returned +18.39% while SPY returned +19.50%. Year to date, RSPA is up 11.18% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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
RSPA charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, RSPA currently yields 8.95% against 1.01% for SPY.
Holdings Overlap
RSPA and SPY share 484 holdings out of 521 unique holdings combined, representing a 39.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RSPA | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 0.14% | 7.31% | 7.17% |
| AAPL | 0.14% | 7.09% | 6.95% |
| MSFT | 0.14% | 4.43% | 4.29% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings RSPA shares with SPY 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 SPY?
RSPA has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, RSPA or SPY?
Over the past year RSPA returned +18.39% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RSPA annualized +13.06% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, RSPA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.9% for RSPA. Worst drawdown: RSPA -15.4% vs SPY -56.5%.
Should I hold both RSPA and SPY?
RSPA and SPY 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 RSPA and SPY?
RSPA and SPY share 484 common holdings with a 39.3% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, RSPA or SPY?
RSPA yields 8.95% while SPY yields 1.01%, so RSPA currently pays the higher dividend yield.
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