Compare/Updated Oct 26, 2026, refreshed every trading day
RSP vs SPY
Invesco S&P 500 Equal Weight ETF against State Street SPDR S&P 500 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SPY did better over the period: $1,000 invested on October 28, 2022 grew to $2,052, versus $1,651 for RSP. SPY’s 3-year total return was 82.7%, compared with 61.8% for RSP, despite SPY’s slightly higher 12-month volatility of 12.7% versus 11.5%. SPY also had the lower worst drawdown, at -18.8% versus RSP’s -17.8%, although both reached their lows on April 8, 2025. The result reflects SPY’s stronger recent performance, while RSP’s equal-weight approach lagged. RSP remains the less volatile option over the last year, but its 0.20% expense ratio is higher than SPY’s 0.09%. Their daily moves were highly correlated at 0.877, yet RSP beat SPY in 23 of the last 48 months, showing that leadership varied even though SPY won overall.
- Price is above its 200-day average ($206); 50-day at $215.
- RSI 58, neutral. Supertrend says buy. ADX 24, so the trend is developing.
- Price is above its 200-day average ($725); 50-day at $767.
- RSI 42, neutral. Supertrend says sell. ADX 14, so the trend is weak.
Head to head
Which has returned more, RSP or SPY?
RSP beat SPY in 23 of the last 48 months; SPY won the other 25. The typical monthly gap was 1.38 points.
Total return by period
Which is riskier?
RSP: Nov 29, 2024 to Apr 8, 2025; SPY: Feb 19, 2025 to Apr 8, 2025
- 0.877
- correlation of daily moves, 4 years
- 0.82
- RSP move per 1% in SPY
- 0.748
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.38 points.
When did they diverge?
| Month | RSP | SPY | Gap |
|---|---|---|---|
| March 2023 | -0.9% | +3.7% | -4.56 pts |
| April 2026 | +6.0% | +10.5% | -4.50 pts |
| September 2026 | -4.8% | -0.3% | -4.48 pts |
| October 2026 | +4.1% | -0.3% | +4.42 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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