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ETF Comparisons

RSP vs. QQQ

Invesco S&P 500 Equal Weight ETF

RSP
$--
vs

Invesco QQQ Trust, Series 1

QQQ
$--

Correlation

0.83

Compare with

Top 10 comparisons with RSP:
Compare:
RSP
Correlation
With:
QQQ
Invesco QQQ Trust, Series 1
0.83
SwitchEUSABlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF0.99IWRBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF0.99IWSBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF0.99SIZEBlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF0.99VOVanguard Group, Inc. - Vanguard Mid-Cap ETF0.99JHMMJohn Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF0.99IMCBBlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF0.99IWDBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF0.99FEXFirst Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund0.99EQALInvesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF0.99

Top 10 shared holdings

The top 10 holdings shared by RSP and QQQ:

There are no shared holdings.
Invest with RSP
Learn more about QQQ
RSPInvesco S&P 500 Equal Weight ETF
QQQInvesco QQQ Trust, Series 1

What is RSP?

The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

Snapshot
**

RSP Invesco S&P 500 Equal Weight ETF
QQQ Invesco QQQ Trust, Series 1
Inception date
Apr 24 2003
Mar 10 1999
Expense ratio
0.20%
0.20%
RSP and QQQ have the same expense ratio, meaning it’s equally as costly to invest in either one.
Type
US Equities
US Equities
RSP targets investing in US Equities, while QQQ targets investing in US Equities.
Fund owner
Invesco
Invesco
RSP is managed by Invesco, while QQQ is managed by Invesco.
Volume (1m avg. daily)
$616,655,599
$17,559,045,883
Both RSP and QQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$40,657,630,595
$197,956,569,440
RSP has more assets under management than QQQ by $157,298,938,845. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Equal Weighted Index
Nasdaq 100 Index
RSP is based off of the S&P 500 Equal Weighted Index, while QQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
RSP and QQQ use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
RSP and QQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
RSP and QQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
QQQ may issue a K1, while RSP does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
RSP and QQQ’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toRSP

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.