ETFs / RSP
What If You Had Invested in RSP 10 Years Ago?
Invesco S&P 500 Equal Weight ETF (RSP) with real monthly prices, dividends reinvested, through November 2026.
RSP $216.05 ▼ -0.38% last close, Nov 06, 2026
If you had invested $1,000 in RSP in November 2016, today it would be worth
$2,986
Same $1,000 in the S&P 500 (SPY): $3,907
If you had put $500 a month into RSP since November 2016, your $60,500 would be worth today
$110,730
Same plan in the S&P 500 (SPY): $129,289
More options in the What If calculator.
RSP live price chart
RSP returns by period
| Period | Total return | Per year | $1,000 became | SPY per year |
|---|---|---|---|---|
| 1 year | +14.6% | +14.6% | $1,146 | +8.8% |
| 3 years | +52.9% | +15.2% | $1,529 | +18.7% |
| 5 years | +52.9% | +8.9% | $1,529 | +11.5% |
| 10 years | +198.6% | +11.6% | $2,986 | +14.6% |
| 20 years | +532.3% | +9.7% | $6,323 | +10.6% |
| Since 2003 | +1006.5% | +10.8% | $11,065 | — |
RSP year by year
Best full year: 2009 (+44.6%). Worst: 2008 (-40.1%).
| Year | RSP | SPY | What happened |
|---|---|---|---|
| 2026 (so far) | +14.1% | +8.7% | |
| 2025 | +11.2% | +17.7% | |
| 2024 | +12.8% | +24.9% | |
| 2023 | +13.7% | +26.2% | A handful of giant tech companies drove most of the S&P 500's gain. RSP, which gives each of them only 0.2%, rose about 14% against roughly 26% for the regular index. |
| 2022 | -11.6% | -18.2% | |
| 2021 | +29.4% | +28.7% | |
| 2020 | +12.7% | +18.3% | |
| 2019 | +28.9% | +31.2% | |
| 2018 | -7.8% | -4.6% | |
| 2017 | +18.5% | +21.7% | |
| 2016 | +14.5% | +12.0% | |
| 2015 | -2.7% | +1.2% | |
| 2014 | +14.1% | +13.5% | |
| 2013 | +35.5% | +32.3% | |
| 2012 | +17.2% | +16.0% | |
| 2011 | -0.7% | +1.9% | |
| 2010 | +21.4% | +15.1% | |
| 2009 | +44.6% | +26.4% | The rebound was sharpest in smaller, beaten-down companies, and RSP gained about 45%, far ahead of the regular index. |
| 2008 | -40.1% | -36.8% | RSP lost about 40%, more than the regular S&P 500, because smaller members such as banks and homebuilders carried as much weight as the giants. |
| 2007 | +0.9% | +5.1% |
RSP: all at once or every month?
Take $12,000: all of it on day one, or $1,000 a month for a year. Across every starting month since 2003 (271 of them), the lump sum was ahead after 12 months in 213 (79%). Monthly investing's best years with RSP were 2007 and 2008, when the average stock kept sliding, along with the short dips of 2011, 2015, 2019 and 2022. The best case for monthly investing was a start in May 2008, when it finished the year 47% ahead.
Worst drop
RSP's worst fall in this history was -55.6%, a loss of more than half, from May 2007 to February 2009. Getting back to the old high took until February 2011: 24 months from the bottom and 3.8 years from the peak. $1,000 invested at that peak shrank to about $444 at the low.
The 2008 crisis hit RSP harder than the regular S&P 500, a fall of more than half. Equal weighting gave banks, homebuilders and smaller industrial companies far more weight than they have in VOO, and those fell furthest.
The two versions of the S&P 500 have taken turns. From RSP's launch in 2003 to the end of 2014 equal weight was well ahead; since then the regular, size-weighted index has led by a wide margin.
RSP dividends
RSP paid $3.18 per share over the last 12 months, in March, June, September and December. At $216.05 that is 1.47%, a small yield; nearly all of the return has come from the price. From 2020 to 2025 the yearly payout grew +8.4% a year, well ahead of inflation. The yearly total fell in 2016. Amounts are adjusted for splits.
| Year | Dividends / share | Change | Yield |
|---|---|---|---|
| 2025 | $3.14 | +18.0% | 1.64% |
| 2024 | $2.66 | +3.0% | 1.52% |
| 2023 | $2.58 | +0.6% | 1.63% |
| 2022 | $2.56 | +23.5% | 1.82% |
| 2021 | $2.08 | -0.8% | 1.28% |
| 2020 | $2.09 | +6.9% | 1.64% |
| 2019 | $1.96 | +5.9% | 1.69% |
| 2018 | $1.85 | +20.1% | 2.02% |
| 2017 | $1.54 | +48.6% | 1.52% |
| 2016 | $1.04 | -20.5% | 1.20% |
Yield = each year’s dividends divided by the price at the end of the year.
RSP dividend history: last 12 payments
| Ex-dividend date | Amount | Change |
|---|---|---|
| Sep 21, 2026 | $0.7950 | -1.9% |
| Jun 22, 2026 | $0.8100 | -0.2% |
| Mar 23, 2026 | $0.8120 | +6.3% |
| Dec 22, 2025 | $0.7640 | -6.8% |
| Sep 22, 2025 | $0.8200 | +13.6% |
| Jun 23, 2025 | $0.7220 | -13.1% |
| Mar 24, 2025 | $0.8310 | +34.0% |
| Dec 23, 2024 | $0.6200 | -10.8% |
| Sep 23, 2024 | $0.6950 | +4.8% |
| Jun 24, 2024 | $0.6630 | -2.5% |
| Mar 18, 2024 | $0.6800 | +11.7% |
| Dec 18, 2023 | $0.6090 | — |
Stock splits
- April 2006: 4-for-1
About RSP
| Issuer | Invesco |
| Launched | April 2003 |
| Tracks | S&P 500 Equal Weight Index |
| Expense ratio | 0.20% |
| Holdings | The same 500 or so companies, each about 0.2% |
Fund details as of 2025. Check the issuer for the current expense ratio and holdings.
RSP owns the same companies as VOO, but each one gets the same weight, about 0.2%, reset every quarter. The smallest company in the index counts as much as Apple or NVIDIA.
The result behaves more like the average stock than like the giants. By weight RSP holds more industrial, financial and health care companies and much less technology, so it trails the regular S&P 500 when a few huge companies lead and catches up when a rally broadens out.
Rebalancing every quarter means RSP keeps selling what has gone up and buying what has gone down. That gives it a slight tilt toward cheaper stocks and more trading inside the fund than a regular index fund has.
A hedge against concentration
Many investors added RSP in 2023 and 2024, when the ten largest S&P 500 companies had grown to more than a third of the index. RSP spreads the same money evenly, so a sharp fall in the giants would hurt it far less. The flip side is that it gained much less while those giants were climbing.
What the fee buys
RSP charges 0.20% a year against 0.03% for VOO. The extra pays for the quarterly rebalancing that keeps every company at the same weight. Over a decade that difference is small next to the gap between the two indexes, which can be several percentage points in a single year in either direction.
Questions about RSP
Did RSP beat the S&P 500?
No. Over the last 20 years it trailed by 1.0 percentage points a year: +9.7% a year for RSP against +10.6% for SPY, dividends reinvested. Its worst fall was about the same as SPY's.
Does RSP still own Apple and NVIDIA?
Yes, but each at only about 0.2% after every quarterly rebalance, the same as the smallest company in the index. Between rebalances winners drift higher, then get trimmed back.