RSPF vs SCHD
RSPF vs SCHD
Invesco S&P 500 Equal Weight Financials ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | RSPF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.06% | |
| AUM | $309M | $103.7B | |
| Dividend Yield | 1.62% | 3.31% | |
| Holdings | 78 | 104 | |
| YTD Return | +8.48% | +24.26% | |
| 1Y Return | +13.91% | +31.38% | |
| 3Y Return (annualized) | +17.98% | +15.08% | |
| 5Y Return (annualized) | +8.47% | +9.72% | |
| Volatility (annualized) | 23.5% | 13.6% | |
| Max Drawdown | -82.2% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2006 | Oct 20, 2011 |
RSPF vs SCHD Performance
Invesco S&P 500 Equal Weight Financials ETF (RSPF) 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 RSPF returned +13.91% while SCHD returned +31.38%. Year to date, RSPF is up 8.48% versus a gain of 24.26% for SCHD.
Over three years, RSPF compounded at +17.98% per year against +15.08% for SCHD; over five years the annualized figures are +8.47% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +3.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSPF has been the more volatile fund, with annualized monthly volatility of 23.5% 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 -82.2% for RSPF 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPF charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, RSPF currently yields 1.62% against 3.31% for SCHD.
Holdings Overlap
RSPF and SCHD share 8 holdings out of 168 unique holdings combined, representing a 6.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RSPF | Weight in SCHD | Difference |
|---|---|---|---|
| BX | 1.25% | 2.38% | 1.13% |
| FITB | 1.39% | 1.35% | 0.04% |
| CINF | 1.45% | 0.72% | 0.73% |
| RF | Pro | Pro | Pro |
| TROW | Pro | Pro | Pro |
| PFG | Pro | Pro | Pro |
| ARES | Pro | Pro | Pro |
| ERIE | Pro | Pro | Pro |
See all 8 holdings RSPF 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, RSPF or SCHD?
RSPF has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, RSPF or SCHD?
Over the past year RSPF returned +13.91% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RSPF annualized +3.31% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RSPF or SCHD?
RSPF has been the more volatile fund at 23.5% annualized versus 13.6% for SCHD. Worst drawdown: RSPF -82.2% vs SCHD -33.4%.
Should I hold both RSPF and SCHD?
RSPF and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RSPF and SCHD?
RSPF and SCHD share 8 common holdings with a 6.0% weight overlap. Combined, they hold 168 unique securities.
Which pays a higher dividend, RSPF or SCHD?
RSPF yields 1.62% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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