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ETF Comparisons

RSP vs. SPY

Invesco S&P 500 Equal Weight ETF

RSP
$--
vs

SPDR S&P 500 ETF Trust

SPY
$--

Correlation

0.96

Compare with

Top 10 comparisons with RSP:
Compare:
RSP
Correlation
With:
SPY
SPDR S&P 500 ETF Trust
0.96
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 SPY:
UNH
Unitedhealth Group Inc
Invest with RSP
Learn more about SPY
RSPInvesco S&P 500 Equal Weight ETF
SPYSPDR S&P 500 ETF Trust

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
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RSP Invesco S&P 500 Equal Weight ETF
SPY SPDR S&P 500 ETF Trust
Inception date
Apr 24 2003
Jan 22 1993
Expense ratio
0.20%
0.09%
RSP has a higher expense ratio than SPY by 0.11%. This can indicate that it’s more expensive to invest in RSP than SPY.
Type
US Equities
US Equities
RSP targets investing in US Equities, while SPY targets investing in US Equities.
Fund owner
Invesco
State Street (SPDR)
RSP is managed by Invesco, while SPY is managed by State Street (SPDR).
Volume (1m avg. daily)
$616,655,599
$33,257,618,740
Both RSP and SPY 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
$400,404,126,565
RSP has more assets under management than SPY by $359,746,495,970. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Equal Weighted Index
S&P 500 Index
RSP is based off of the S&P 500 Equal Weighted Index, while SPY is based off of the S&P 500 Index
Inverse/Leveraged
No
No
RSP and SPY 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 SPY 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 SPY may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
SPY may issue a K1, while RSP does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.
RSP and SPY’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

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Category

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Risk Rating

Aggressive

Automated Strategies
Related toSPY

#DSS

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Category

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Risk Rating

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Create your own algorithmic
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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.