RSPS vs SCHD
Invesco S&P 500 Equal Weight Consumer Staples ETF vs Schwab US Dividend Equity ETF
Which is better, RSPS or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. RSPS is less concentrated, with 32.5% of the fund in its ten largest positions against 41.8%.
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 | RSPS | SCHD |
|---|---|---|
| Expense Ratio | 0.40% | 0.06%Best |
| AUM | $431M | $108.9B |
| Dividend Yield | 2.86% | 3.00% |
| Holdings | 74 | 206 |
| YTD Return | +4.57% | +23.29%Best |
| 1Y Return | +5.59% | +29.70%Best |
| 3Y Return (annualized) | +3.59% | +16.26%Best |
| 5Y Return (annualized) | +1.71% | +9.65%Best |
| Volatility (annualized) | 12.5%Best | 13.7% |
| Max Drawdown | -26.0%Best | -33.4% |
| $10,000 over 5 years | $10,885 | $15,851Best |
| Top 10 Weight | 32.5%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2006 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 13, 2026 (15 years).
RSPS 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.
RSPS vs SCHD Performance
Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) 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 RSPS returned +5.59% while SCHD returned +29.70%. Year to date, RSPS is up 4.57% versus a gain of 23.29% for SCHD.
Over three years, RSPS compounded at +3.59% per year against +16.26% for SCHD; over five years the annualized figures are +1.71% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.19% annualized vs +7.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 12.5% for RSPS. 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 -26.0% for RSPS 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RSPS charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, RSPS currently yields 2.86% against 3.00% for SCHD.
Holdings Overlap
27.6% of RSPS's money is in holdings SCHD also owns. 19.5% of SCHD's money is in holdings RSPS also owns.
RSPS and SCHD share little of their money.
9 positions in common, counted across the 34 positions we hold weights for in RSPS and 99 in SCHD, against full books of 74 and 206.
What only one of them owns
Our book lists 89 positions for SCHD that do not appear in our book for RSPS (80.5% of the fund), and 25 for RSPS that do not appear in SCHD (72.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RSPS | Weight in SCHD | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 3.16% | 4.26% | 1.10% |
| PGProcter & Gamble Company | 2.91% | 3.94% | 1.03% |
| PEPPepsico Inc. | 2.85% | 3.63% | 0.78% |
| MOAltria Group Inc. | 2.82% | 2.88% | 0.06% |
| TGTTARGET CORP | 3.64% | 1.77% | 1.87% |
| ADMArcher-daniels D | 3.19% | 1.05% | 2.14% |
| KMBKimberly-Clark Corp. | 2.93% | 0.82% | 2.11% |
| GISGeneral Mills In | 3.17% | 0.48% | 2.69% |
| HSYHershey Co. | 2.96% | 0.64% | 2.32% |
27.6% of RSPS is already inside SCHD.
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, RSPS or SCHD?
RSPS has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, RSPS or SCHD?
Over the past year RSPS returned +5.59% vs +29.70% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RSPS annualized +7.18% vs +11.19% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RSPS or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 12.5% for RSPS. Worst drawdown: RSPS -26.0% vs SCHD -33.4%.
Should I hold both RSPS and SCHD?
RSPS and SCHD have a monthly-return correlation of 0.78, 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 RSPS and SCHD?
27.6% of RSPS's money is in holdings SCHD also owns. 19.5% of SCHD's is in holdings RSPS also owns. They hold 9 positions in common, counted across the 34 positions we hold weights for in RSPS and 99 in SCHD.
Which pays a higher dividend, RSPS or SCHD?
RSPS yields 2.86% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RSPS?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. RSPS is less concentrated, with 32.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.