FMCE vs RSP
FM Compounders Equity ETF vs Invesco S&P 500 Equal Weight ETF
Which is better, FMCE or RSP?
Each has led over a different period.
RSP has a lower expense ratio. FMCE led over the full window, RSP over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMCE | RSP |
|---|---|---|
| Expense Ratio | 0.71% | 0.20%Best |
| AUM | $70M | $98.6B |
| Dividend Yield | 2.87% | 1.53% |
| Holdings | 31 | 1,533 |
| YTD Return | +9.46% | +11.29%Best |
| 1Y Return | +10.12% | +14.33%Best |
| 3Y Return (annualized) | - | +16.05% |
| 5Y Return (annualized) | - | +8.16% |
| Volatility (annualized) | 11.3%Best | 11.6% |
| Max Drawdown | -11.7%Best | -18.1% |
| $10,000 over 1.9 years | $11,820Best | $11,779 |
| Fund Family | First Manhattan | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2024 | Apr 24, 2003 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 11, 2024 to Oct 14, 2026 (1.9 years).
FMCE vs RSP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
FMCE vs RSP Performance
FM Compounders Equity ETF (FMCE) is an ETF from First Manhattan and Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US). Over the past year FMCE returned +10.12% while RSP returned +14.33%. Year to date, FMCE is up 9.46% versus a gain of 11.29% for RSP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 11.3% for FMCE. 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 -11.7% for FMCE and -18.1% for RSP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMCE charges 0.71% per year while RSP charges 0.20%. On a $10,000 position that is $71 vs $20 annually, a gap of $51 per year that compounds over a long holding period. On income, FMCE currently yields 2.87% against 1.53% for RSP.
Holdings Overlap
At least 66.0% of FMCE's money is in holdings RSP also owns.
Stated as a floor: for RSP, our book for it covers 93.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 126 days apart, FMCE as of May 31, 2026 and RSP as of Oct 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
23 positions in common, counted across the 31 positions we hold weights for in FMCE and 472 in RSP, against full books of 31 and 1,533.
Top Shared Holdings
| Stock | Weight in FMCE | Weight in RSP | Difference |
|---|---|---|---|
| INTCIntel Corporation | 5.45% | 0.23% | 5.22% |
| MSFTMicrosoft Corp | 5.42% | 0.21% | 5.21% |
| KKRKkr & Co. Inc. Class a | 5.22% | 0.18% | 5.04% |
| HONHoneywell International Inc | 4.44% | 0.21% | 4.23% |
| GEGeneral Electric Co. | 4.45% | 0.19% | 4.26% |
| GEVGe Vernova, Inc. | 2.99% | 0.21% | 2.78% |
| UNHUnitedhealth Group Incorporated | 2.67% | 0.19% | 2.48% |
| AZOAutozone Inc Snr S* Ice | 2.58% | 0.20% | 2.38% |
| AXPAmerican Express Co. | 2.57% | 0.19% | 2.38% |
| LIN:IELinde (Industrial Gases Supplier And Engineer) | 2.52% | 0.21% | 2.31% |
66.0% of FMCE is already inside RSP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMCE or RSP?
FMCE has an expense ratio of 0.71% while RSP charges 0.20%. RSP is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, FMCE or RSP?
Over the past year FMCE returned +10.12% vs +14.33% for RSP, so RSP leads on 1-year performance. Over the longest common window we track (2 years), FMCE annualized +9.20% vs +9.00% for RSP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCE or RSP?
RSP has been the more volatile fund at 11.6% annualized versus 11.3% for FMCE. Worst drawdown: FMCE -11.7% vs RSP -18.1%.
Should I hold both FMCE and RSP?
FMCE and RSP have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMCE and RSP?
At least 66.0% of FMCE's money is in holdings RSP also owns. Our book for RSP is partial, so the real figure is this or higher. They hold 23 positions in common, counted across the 31 positions we hold weights for in FMCE and 472 in RSP.
Which pays a higher dividend, FMCE or RSP?
FMCE yields 2.87% while RSP yields 1.53%, so FMCE currently pays the higher dividend yield.
Is RSP better than FMCE?
RSP has a lower expense ratio. FMCE led over the full window, RSP over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.