What is the expense ratio of RSP vs VO?

RSP has an expense ratio of 0.20%, while VO has an expense ratio of 0.03%.

RSP vs VO

Invesco S&P 500 Equal Weight ETF vs Vanguard Mid-Cap Index Fund ETF Shares

Last updated: 2026-04-10

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 1.58%. Launched in 2003, the fund has a 23-year track record.

AUM: $85.4B ER: 0.20% Yield: 1.58% Since: Apr 24, 2003

VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.46%. Launched in 2004, the fund has a 22-year track record.

AUM: $95.7B ER: 0.03% Yield: 1.46% Since: Jan 26, 2004

Quick Verdict

VO is significantly cheaper at 0.03% vs 0.20% expense ratio, saving you approximately $337 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (23.4% vs 23.9%), tracking closely.

Key Metrics

Metric	RSP	VO
Expense Ratio	0.20%	0.03%
Dividend Yield	1.6%	1.5%
Fund Family	Invesco	Vanguard
Category	US Large Cap Blend	US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

RSP +35.5%

VO +30.3%

Performance Comparison

Period	RSP	VO	Difference
1 Month	+0.21%	+0.90%	-0.69%
3 Months	-0.40%	-0.77%	+0.37%
6 Months	+5.38%	+2.51%	+2.87%
YTD	+2.14%	+1.45%	+0.69%
1 Year	+23.42%	+23.90%	-0.48%
3 Years	+35.95%	+41.25%	-5.30%
5 Years	+35.50%	+30.25%	+5.25%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	RSP Fees	VO Fees	You Save
$10,000	10 years	$396	$60	$337
$10,000	20 years	$1,696	$258	$1,438
$10,000	30 years	$5,443	$835	$4,608
$50,000	10 years	$1,982	$299	$1,683
$50,000	30 years	$27,214	$4,176	$23,038
$100,000	30 years	$54,428	$8,352	$46,076

Risk Metrics

Based on 5 years of daily returns

Metric	RSP	VO
Annualized Volatility	16.2%	17.7%
Max Drawdown	-22.5%	-28.6%
Sharpe Ratio	0.18	0.13

Dividend Comparison

Metric	RSP	VO
Annual Dividend (per share)	$3.12	$4.33
Dividend Yield	1.58%	1.46%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

1 of top 10 holdings overlap (10% 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%

VO Top Holdings

Name	Weight
Newmont CorporationNEM	1.46%
Corning IncorporatedGLW	1.20%
Howmet Aerospace Inc.HWM	1.09%
Constellation Energy CorporationCEG	1.06%
Vertiv Holdings CoVRT	0.99%
Western Digital CorporationWDC	0.99%
Seagate Technology Holdings plcSTX	0.90%
Quanta Services, Inc.PWR	0.87%
Cummins Inc.CMI	0.83%
CRH plcCRH	0.83%

Which One Should You Choose?

Choose VO if...

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

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