RSP vs SCHD
Invesco S&P 500 Equal Weight ETF vs Schwab U.S. Dividend Equity ETF
Last updated: 2026-04-10
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 1.58%. Launched in 2003, the fund has a 23-year track record.
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 3.44%. Launched in 2011, the fund has a 15-year track record.
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. Both funds have delivered similar 1-year returns (23.4% vs 22.8%), tracking closely. Income investors may prefer SCHD for its higher yield (3.4% vs 1.6%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 10 holdings overlap (0% overlap in top holdings)
RSP Top Holdings
| Name | Weight |
|---|---|
| APA CorporationAPA | 0.26% |
| Ciena CorporationCIEN | 0.26% |
| Dow Inc.DOW | 0.24% |
| Seagate Technology Holdings plcSTX | 0.24% |
| Dell Technologies Inc.DELL | 0.24% |
| LyondellBasell Industries N.V.LYB | 0.24% |
| VeriSign, Inc.VRSN | 0.23% |
| Lumentum Holdings Inc.LITE | 0.23% |
| Hewlett Packard Enterprise CompanyHPE | 0.23% |
| Occidental Petroleum CorporationOXY | 0.23% |
SCHD Top Holdings
| Name | Weight |
|---|---|
| Chevron CorporationCVX | 4.41% |
| ConocoPhillipsCOP | 4.28% |
| Merck & Co., Inc.MRK | 4.15% |
| The Coca-Cola CompanyKO | 4.08% |
| Texas Instruments IncorporatedTXN | 4.07% |
| UnitedHealth Group IncorporatedUNH | 3.98% |
| Verizon Communications Inc.VZ | 3.96% |
| PepsiCo, Inc.PEP | 3.95% |
| Abbott LaboratoriesABT | 3.73% |
| Amgen Inc.AMGN | 3.73% |
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.