ETF Versus

RSP vs SCHD

Invesco S&P 500 Equal Weight ETF vs Schwab U.S. Dividend Equity ETF

Last updated: 2026-04-02

RSP Invesco

Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. equities across growth and value styles. It charges a moderate expense ratio of 0.20%. The fund offers a moderate dividend yield of 1.62%. Launched in 2003, the fund has a 23-year track record.

AUM: $84.5B ER: 0.20% Yield: 1.62% Since: Apr 24, 2003
SCHD Schwab

Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.46%. Launched in 2011, the fund has a 15-year track record.

AUM: $83.9B ER: 0.06% Yield: 3.46% Since: Oct 20, 2011

Quick Verdict

SCHD is significantly cheaper at 0.06% vs 0.20% expense ratio, saving you approximately $277 per $10,000 invested over 10 years. RSP has edged ahead over the past year (11.0% vs 9.5%). Income investors may prefer SCHD for its higher yield (3.5% vs 1.6%).

Key Metrics

Metric RSP SCHD
Expense Ratio 0.20% 0.06%
Dividend Yield 1.6% 3.5%
Fund Family Invesco Schwab
Category US Large Cap Blend US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 97 109 121 133 145 2021-04 2022-06 2023-09 2024-12 2026-04
RSP +33.4%
SCHD +23.3%

Performance Comparison

Period RSP SCHD Difference
1 Month -5.89% -4.24% -1.65%
3 Months -0.17% +10.03% -10.20%
6 Months +0.67% +11.31% -10.64%
YTD -0.17% +10.03% -10.20%
1 Year +11.03% +9.47% +1.56%
3 Years +33.02% +24.43% +8.59%
5 Years +33.36% +23.27% +10.09%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period RSP Fees SCHD Fees You Save
$10.000 10 years $396 $120 $277
$10.000 20 years $1.696 $515 $1.181
$10.000 30 years $5.443 $1.664 $3.779
$50.000 10 years $1.982 $598 $1.384
$50.000 30 years $27.214 $8.318 $18.896
$100.000 30 years $54.428 $16.637 $37.791

Risk Metrics

Based on 5 years of daily returns

Metric RSP SCHD
Annualized Volatility 16.2% 14.6%
Max Drawdown -22.5% -18.9%
Sharpe Ratio 0.16 0.05

Dividend Comparison

Metric RSP SCHD
Annual Dividend (per share) $3.12 $1.06
Dividend Yield 1.62% 3.46%
Distribution Frequency Quarterly Quarterly

Top Holdings

1 of top 10 holdings overlap (10% overlap in top holdings)

RSP Top Holdings

NameWeight
APA CorporationAPA0.28%
LyondellBasell Industries N.V.LYB0.25%
Dow Inc.DOW0.25%
Occidental Petroleum CorporationOXY0.25%
CF Industries Holdings, Inc.CF0.24%
Coterra Energy Inc.CTRA0.24%
Devon Energy CorporationDVN0.24%
ConocoPhillipsCOP0.24%
EOG Resources, Inc.EOG0.24%
Exxon Mobil CorporationXOM0.24%

SCHD Top Holdings

NameWeight
Chevron CorporationCVX4.66%
ConocoPhillipsCOP4.33%
Merck & Co., Inc.MRK4.08%
Verizon Communications Inc.VZ4.03%
The Coca-Cola CompanyKO3.98%
Texas Instruments IncorporatedTXN3.86%
PepsiCo, Inc.PEP3.83%
Amgen Inc.AMGN3.78%
Abbott LaboratoriesABT3.78%
The Procter & Gamble CompanyPG3.70%

Which One Should You Choose?

Choose SCHD if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SCHD if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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