RSP vs SCHX: Performance, Holdings, Fees & Risk
RSP and SCHX are ETFs, but they can differ materially in exposure, yield, fees and risk. RSP is Invesco S&P 500 Equal Weight ETF, while SCHX is Schwab U.S. Large-Cap ETF. SCHX is broader by holdings count, with 750 positions versus 509 for RSP. SCHX is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has RSP ahead on AIQ Score, 70 versus 60.
| Metric | RSP | SCHX |
|---|---|---|
| Fund | ||
| Expense ratio | 0.2% | 0.03% |
| Holdings | 509 | 750 |
| Top-10 concentration | 3.2% | 36.4% |
| Distribution yieldTrailing 12 months | 1.47% | 1.03% |
| Average volume | 7,962,749 | 9,839,062 |
| Performance | ||
| 1Y return | +15.4% | +15.6% |
| YTD return | +12.7% | +12.3% |
| 5Y annualized returnTotal return, distributions reinvested | +8.1% | +12% |
| Risk | ||
| Annualized volatility | 11.4% | 12.8% |
| Max drawdown (1Y) | -8.3% | -9.3% |
| Max drawdown (5Y)Total return, distributions reinvested | -21.4% | -25.4% |
| Beta | 0.68 | 1.00 |
| Sharpe ratio | 0.93 | 0.85 |
| Sortino ratio | 1.62 | 1.31 |
| AlgovestIQ | ||
| AIQ Score | 70/100 | 60/100 |
| AIQ Edge Score | 10/10 | 8/10 |
| Momentum | 81/100 | 53/100 |
| Risk Resilience | 84/100 | 87/100 |
AlgovestIQ AIQ Comparison
Invesco S&P 500 Equal Weight ETF vs Schwab U.S. Large-Cap ETF
RSP leads
RSP leads by 10 AIQ points, primarily on Momentum and Value, having only recently taken the lead back from SCHX.
Fragile: 2 of 4 evidence groups support RSP, the lead recently changed hands, and its current signal state is conflicted.
Invesco S&P 500 Equal Weight ETF
Schwab U.S. Large-Cap ETF
The Algovestiq AIQ Score currently favors RSP over SCHX, 70 versus 60 as of Oct 21, 2026. RSP's advantage is driven primarily by stronger momentum and value. RSP also shows the stronger technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor RSP today, and the comparison is rated Fragile on stability: only 2 of 4 covered evidence groups agree. RSP lead: Reversed — SCHX led by 6 AIQ points 30 sessions ago; RSP now leads by 10.
Compare Invesco S&P 500 Equal Weight ETF and Schwab U.S. Large-Cap ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
RSP vs SCHX: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | RSP | SCHX | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.2% | 0.03% | SCHX |
| Broader diversificationNumber of holdings | 509 | 750 | SCHX |
| Lower concentrationWeight of the 10 largest holdings | 3.2% | 36.4% | RSP |
| Higher incomeTrailing 12-month distribution yield | 1.47% | 1.03% | RSP |
| Smaller drawdownsMax drawdown, 5 years | -21.4% | -25.4% | RSP |
| Lower volatilityAnnualized volatility, 1 year | 11.4% | 12.8% | RSP |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare RSP and SCHX against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum81 vs 53RSP +28
- Value51 vs 41RSP +10
- Risk Resilience84 vs 87Even
- Quality72 vs 72Even
2 of 4 evidence groups favor RSP. RSP’s edge is concentrated in momentum and value.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +20
New signals
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
- EMA Ribbon Compression — neutral, trend, medium horizon
Largest factor move: Momentum +4
No signal started or stopped since the prior session; its 5 active signals are unchanged.
RSP's lead widened by 4 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — RSP and SCHX both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | RSP | SCHX | Why it matters |
|---|---|---|---|
| Expense ratio | 0.2% | 0.03% | Lower is better — it compounds against you every year you hold. |
| Holdings | 509 | 750 | More holdings means broader diversification, not better returns. |
| Average volume | 7,962,749 | 9,839,062 | Liquidity — matters most if you trade size. |
| Annualized volatility | 11.4% | 12.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -8.3% | -9.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.93 | 0.85 | Return per unit of risk. Higher is better. |
| Beta | 0.68 | 1.00 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
RSP and SCHX share 42.75% of their weighted exposure across 498 common holdings.
7 holdings are unique to RSP, and 249 holdings are unique to SCHX. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
SCHX is the more concentrated of the two: its ten largest positions are 36.43% of the fund, against 3.16% for RSP (750 holdings vs 509). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | RSP | SCHX | Shared |
|---|---|---|---|
| CRMSALESFORCE | 0.28% | 0.29% | 0.28% |
| CRWDCROWDSTRIKE HOLDINGS CLASS A | 0.25% | 0.31% | 0.25% |
| PLTRPALANTIR TECHNOLOGIES CLASS A | 0.25% | 0.56% | 0.25% |
| PANWPALO ALTO NETWORKS | 0.25% | 0.4% | 0.25% |
| MRKMERCK & CO INC | 0.24% | 0.52% | 0.24% |
| ANETARISTA NETWORKS | 0.24% | 0.28% | 0.24% |
| MSFTMICROSOFT | 0.24% | 5.34% | 0.24% |
| TMOTHERMO FISHER SCIENTIFIC INC | 0.24% | 0.33% | 0.24% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What RSP adds that SCHX doesn’t
| Holding | RSP | SCHX |
|---|---|---|
| MRNAModerna Inc | 0.58% | 0.07% |
| VEEVVeeva Systems Inc | 0.31% | 0.06% |
| ZBRAZebra Technologies Corp | 0.31% | 0.02% |
| CRLCharles River Laboratories International Inc | 0.28% | 0.02% |
| GPNGlobal Payments Inc | 0.28% | 0.03% |
| IQVIQVIA Holdings Inc | 0.27% | 0.06% |
What SCHX adds that RSP doesn’t
| Holding | SCHX | RSP |
|---|---|---|
| NVDANVIDIA | 7.72% | 0.21% |
| AAPLAPPLE | 7% | 0.22% |
| MSFTMICROSOFT | 5.34% | 0.24% |
| AMZNAMAZON COM INC | 3.6% | 0.21% |
| GOOGLALPHABET CLASS A | 2.85% | 0.1% |
| AVGOBROADCOM INC | 2.49% | 0.19% |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
RSP vs SCHX: five-year payout growth
RSP grew its split-adjusted payout faster over 2020-2025 — 8.41% a year against SCHX's 3.34%.
| Dividend metric | RSP | SCHX |
|---|---|---|
| 5Y payout CAGR | 8.41% | 3.34% |
| 2020 annual payout | $2.094 | $0.248 |
| 2025 annual payout | $3.136 | $0.293 |
| Calendar-year declines | 1 | 1 |
| Peer rank | #68 of 138 | #114 of 138 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor RSP. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | RSP | 70 vs 60 |
| Fundamentals | Not covered | Not covered |
| Valuation | RSP | Value 51 vs 41 |
| Technicals | Even | Price vs 50-day 0.5% vs 0.5%; vs 200-day 4.3% vs 5.7% |
| Risk Resilience | Even | Risk Resilience 84 vs 87 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of RSP and SCHX and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 10 points.
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on RSP.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20RSP lead: Reversed — SCHX led by 6 AIQ points 30 sessions ago; RSP now leads by 10.
- Today
- RSP +10
- 70 vs 60
- 7 sessions ago
- RSP +3
- 65 vs 62
- 30 sessions ago
- SCHX +6
- 57 vs 63
- 90 sessions ago
- Level
- 65 vs 65
The lead changed hands 2 times in this window, most recently on Sep 8 when SCHX moved ahead of RSP.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
5 bullish / 1 bearish / 2 neutral, conflicted
Only RSP
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
- EMA Ribbon Compression — neutral, trend, medium horizon
- Uptrend Structure Active — bullish, trend, long horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
3 bullish / 1 bearish / 1 neutral, conflicted
Only SCHX
- 52-Week High Proximity — bullish, risk, long horizon (1.4%)
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 3 more signals that do not separate them: Golden Cross Active, ATR Contraction - Coiling, EMA Ribbon Expansion Bullish.
RSP leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved up over the latest session (price +0.36%, AIQ +5 points).
Price and the AIQ Score both moved up over the latest session (price +0.63%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1SCHX closes the Momentum gap — currently 28 points behind, the largest single contributor to RSP's edge.
- 2SCHX generates a confirmed bullish trend signal it does not currently carry, such as MACD Bullish Crossover or Uptrend Structure Active.
- 3RSP's conflicting signal state resolves bearish — it currently carries 5 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
Split across windows| Metric | RSP | SCHX |
|---|---|---|
| 1 week (5 sessions) | 1.2% | -1.2% |
| 1 month (20 sessions) | 1.4% | -1% |
| 3 months (63 sessions) | 1.5% | 2.7% |
| 6 months (126 sessions) | 6.6% | 8.8% |
| Year to date | 12.7% | 12.3% |
| 1 year (252 sessions) | 15.4% | 15.6% |
Technicals
Split| Metric | RSP | SCHX |
|---|---|---|
| RSI (14) | 73.2 | 55.3 |
| ADX (14) | 24.3 | 12.8 |
| Price vs 50-day | 0.5% | 0.5% |
| Price vs 200-day | 4.3% | 5.7% |
| Volatility (1M, annualized) | 10.3% | 9.7% |
Risk
Split| Metric | RSP | SCHX |
|---|---|---|
| Beta | 0.68 | 1 |
| Sharpe ratio | 0.93 | 0.85 |
| Sortino ratio | 1.62 | 1.31 |
| Max drawdown | -8.3% | -9.3% |
| Current drawdown | -3.1% | -1.6% |
| Annualized volatility | 11.4% | 12.8% |
| Value at risk (95%) | -1.2% | -1.3% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
How much do RSP and SCHX overlap?
RSP and SCHX share 42.75% of their weighted exposure across 498 common holdings. 7 holdings are unique to RSP, and 249 holdings are unique to SCHX. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Which ETF is more diversified, RSP or SCHX?
SCHX holds more positions: 750 versus 509 for RSP.
Which has the lower expense ratio?
SCHX has the lower expense ratio, 0.03% a year against 0.2% for RSP.
Which ETF has the higher distribution yield?
RSP, with a trailing 12-month distribution yield of 1.47% against 1.03% for SCHX.
Which ETF has been more volatile?
SCHX has been more volatile over the past year, at 12.8% annualized against 11.4% for RSP.
Which ETF has had the smaller drawdown?
RSP fell less from peak to trough over the past five years: -21.4% against -25.4% for SCHX.
Compare RSP and SCHX with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.