The SPDR S&P 500 ETF Trust (SPY) and Invesco S&P 500 Equal Weight ETF (RSP) are two of the most popular funds. While both of them have S&P in their names, they have many similarities and differences.
The SPDR S&P 500 ETF Trust is a fund that is traded in the exchange using the NYSE Arca name SPY. The SPDR acronym stands for the Standard and Poor Depository Receipt.
Both RSP and SPY are US Stocks large blend funds.However, as the weighting is different, the top 10 holdings in RSP are 2.47% of the fund, while the top 10 holdings in SPY consist of 26.78% of the fund.
At 0.20%, the expense ratio of RSP is higher than that of SPY, which is 0.09%. That means for every investment of $10,000, RSP investors are charged $20 a year. On the other hand, SPY investors are charged $9 a year.