RSP vs SCHD
Invesco S&P 500 Equal Weight ETF vs Schwab US Dividend Equity ETF
Which is better, RSP or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. RSP led over the full window, SCHD over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92.
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 | RSP | SCHD |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $98.6B | $111.6B |
| Dividend Yield | 1.53% | 3.24% |
| Holdings | 1,533 | 206 |
| YTD Return | +12.81% | +25.99%Best |
| 1Y Return | +15.67% | +31.80%Best |
| 3Y Return (annualized) | +16.57% | +17.07%Best |
| 5Y Return (annualized) | +8.38% | +9.69%Best |
| Volatility (annualized) | 15.1% | 13.7%Best |
| Max Drawdown | -39.6% | -33.4%Best |
| $10,000 over 5 years | $14,954 | $15,879Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 24, 2003 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 15, 2026 (15 years).
RSP vs SCHD 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 15 years both funds cover.
RSP vs SCHD Performance
Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year RSP returned +15.67% while SCHD returned +31.80%. Year to date, RSP is up 12.81% versus a gain of 25.99% for SCHD.
Over three years, RSP compounded at +16.57% per year against +17.07% for SCHD; over five years the annualized figures are +8.38% and +9.69% respectively. Across the full 15-year window we track, RSP has the edge at +11.71% annualized vs +11.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.7% 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 -39.6% for RSP and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RSP charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, RSP currently yields 1.53% against 3.24% for SCHD.
Holdings Overlap
At least 87.2% of SCHD'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.
Most of SCHD is already inside RSP. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 472 positions we hold weights for in RSP and 98 in SCHD, against full books of 1,533 and 206.
Top Shared Holdings
| Stock | Weight in RSP | Weight in SCHD | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 0.23% | 4.89% | 4.66% |
| QCOMQualcomm Inc. | 0.21% | 4.61% | 4.40% |
| PGProcter & Gamble Company | 0.21% | 4.16% | 3.95% |
| CVXChevron Corp | 0.20% | 4.14% | 3.94% |
| MRKMerck & Company Inc | 0.20% | 4.04% | 3.84% |
| UNHUnitedhealth Group Incorporated | 0.19% | 3.95% | 3.76% |
| COPConocophillips Common Stock USD 0.01 | 0.19% | 3.91% | 3.72% |
| AMGNAmgen Inc. | 0.21% | 3.86% | 3.65% |
| VZVerizon Communic | 0.19% | 3.88% | 3.69% |
| PEPPepsico Inc. | 0.19% | 3.80% | 3.61% |
87.2% of SCHD 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, RSP or SCHD?
RSP has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, RSP or SCHD?
Over the past year RSP returned +15.67% vs +31.80% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RSP annualized +11.71% vs +11.34% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSP or SCHD?
RSP has been the more volatile fund at 15.1% annualized versus 13.7% for SCHD. Worst drawdown: RSP -39.6% vs SCHD -33.4%.
Should I hold both RSP and SCHD?
RSP and SCHD have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between RSP and SCHD?
At least 87.2% of SCHD's money is in holdings RSP also owns. Our book for RSP is partial, so the real figure is this or higher. They hold 40 positions in common, counted across the 472 positions we hold weights for in RSP and 98 in SCHD.
Which pays a higher dividend, RSP or SCHD?
RSP yields 1.53% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RSP?
SCHD has a lower expense ratio. RSP led over the full window, SCHD over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.