ETF Versus

RSP vs SGOV

Invesco S&P 500 Equal Weight ETF vs iShares 0-3 Month Treasury Bond 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

iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.09%. The fund offers a high dividend yield of 4.01%. Launched in 2020, the fund has a 6-year track record.

AUM: $83.3B ER: 0.09% Yield: 4.01% Since: May 26, 2020

Quick Verdict

SGOV is significantly cheaper at 0.09% vs 0.20% expense ratio, saving you approximately $217 per $10,000 invested over 10 years. Over the past year, RSP has significantly outperformed with a 11.0% return vs 0.0%. Income investors may prefer SGOV for its higher yield (4.0% vs 1.6%).

Key Metrics

Metric RSP SGOV
Expense Ratio 0.20% 0.09%
Dividend Yield 1.6% 4.0%
Fund Family Invesco N/A
Category US Large Cap Blend US Short-Term Treasury

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%
SGOV +0.4%

Performance Comparison

Period RSP SGOV Difference
1 Month -5.89% +0.01% -5.90%
3 Months -0.17% -0.02% -0.15%
6 Months +0.67% -0.03% +0.70%
YTD -0.17% -0.02% -0.15%
1 Year +11.03% +0.04% +10.99%
3 Years +33.02% +0.16% +32.86%
5 Years +33.36% +0.37% +32.99%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period RSP Fees SGOV Fees You Save
$10.000 10 years $396 $179 $217
$10.000 20 years $1.696 $771 $926
$10.000 30 years $5.443 $2.486 $2.957
$50.000 10 years $1.982 $896 $1.086
$50.000 30 years $27.214 $12.428 $14.787
$100.000 30 years $54.428 $24.855 $29.573

Risk Metrics

Based on 5 years of daily returns

Metric RSP SGOV
Annualized Volatility 16.2% 1.1%
Max Drawdown -22.5% -0.7%
Sharpe Ratio 0.16 -4.13

Dividend Comparison

Metric RSP SGOV
Annual Dividend (per share) $3.12 $4.02
Dividend Yield 1.62% 4.00%
Distribution Frequency Quarterly Monthly

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%

Which One Should You Choose?

Choose SGOV if...

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

Choose RSP if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SGOV if...

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

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