RSP vs VBR
Invesco S&P 500 Equal Weight ETF vs Vanguard Morningstar Small-Cap Value ETF
Which is better, RSP or VBR?
Large Cap Blend against Small Cap Value.
VBR has a lower expense ratio. RSP led over 5Y and the full window, VBR over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.96.
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 | VBR |
|---|---|---|
| Expense Ratio | 0.20% | 0.05%Best |
| AUM | $98.6B | $35.1B |
| Dividend Yield | 1.53% | 1.91% |
| Holdings | 1,533 | 839 |
| YTD Return | +11.29%Best | +10.56% |
| 1Y Return | +14.33% | +14.76%Best |
| 3Y Return (annualized) | +16.05% | +16.36%Best |
| 5Y Return (annualized) | +8.16%Best | +8.06% |
| Volatility (annualized) | 16.6%Best | 19.0% |
| Max Drawdown | -60.9%Best | -64.0% |
| $10,000 over 5 years | $14,802Best | $14,734 |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | Apr 24, 2003 | Jan 26, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Oct 14, 2026 (22.7 years).
RSP vs VBR 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 22.7 years both funds cover.
RSP vs VBR Performance
Invesco S&P 500 Equal Weight ETF (RSP) is an ETF from Invesco (US) and Vanguard Morningstar Small-Cap Value ETF (VBR) is an ETF from Vanguard (US). Over the past year RSP returned +14.33% while VBR returned +14.76%. Year to date, RSP is up 11.29% versus a gain of 10.56% for VBR.
Over three years, RSP compounded at +16.05% per year against +16.36% for VBR; over five years the annualized figures are +8.16% and +8.06% respectively. Across the full 23-year window we track, RSP has the edge at +8.74% annualized vs +7.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VBR has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 16.6% for RSP. 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 -60.9% for RSP and -64.0% for VBR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 VBR charges 0.05%. On a $10,000 position that is $20 vs $5 annually, a gap of $15 per year that compounds over a long holding period. On income, RSP currently yields 1.53% against 1.91% for VBR.
Holdings Overlap
At least 28.4% of VBR'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.
VBR and RSP share little of their money.
96 positions in common, counted across the 472 positions we hold weights for in RSP and 833 in VBR, against full books of 1,533 and 839.
Top Shared Holdings
| Stock | Weight in RSP | Weight in VBR | Difference |
|---|---|---|---|
| MRNAModerna Inc | 0.29% | 1.07% | 0.78% |
| JBLJabil, Inc. | 0.20% | 0.69% | 0.49% |
| ATOAtmos Energy Corp | 0.19% | 0.59% | 0.40% |
| WSMWilliams-sonoma Inc | 0.21% | 0.57% | 0.36% |
| SWSmurfit WestRock plc Common Shares | 0.21% | 0.53% | 0.32% |
| TPRTapestry Inc. | 0.21% | 0.53% | 0.32% |
| OMCOmnicom Group Inc. | 0.20% | 0.53% | 0.33% |
| FFIVF5 Networks Inc. | 0.23% | 0.49% | 0.26% |
| NRGNrg Energy Inc. | 0.17% | 0.50% | 0.33% |
| VTRSViatris Inc. | 0.22% | 0.41% | 0.19% |
28.4% of VBR 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 VBR?
RSP has an expense ratio of 0.20% while VBR charges 0.05%. VBR is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, RSP or VBR?
Over the past year RSP returned +14.33% vs +14.76% for VBR, so VBR leads on 1-year performance. Over the longest common window we track (23 years), RSP annualized +8.74% vs +7.66% for VBR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSP or VBR?
VBR has been the more volatile fund at 19.0% annualized versus 16.6% for RSP. Worst drawdown: RSP -60.9% vs VBR -64.0%.
Should I hold both RSP and VBR?
RSP and VBR have a monthly-return correlation of 0.96, 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 VBR?
At least 28.4% of VBR's money is in holdings RSP also owns. Our book for RSP is partial, so the real figure is this or higher. They hold 96 positions in common, counted across the 472 positions we hold weights for in RSP and 833 in VBR.
Which pays a higher dividend, RSP or VBR?
RSP yields 1.53% while VBR yields 1.91%, so VBR currently pays the higher dividend yield.
Is VBR better than RSP?
VBR has a lower expense ratio. RSP led over 5Y and the full window, VBR over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.