Dividend comparison
SPYM vs RSP: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for State Street SPDR Portfolio S&P 500 ETF and Invesco S&P 500 Equal Weight ETF, side by side. Updated October 21, 2026.
SPYM vs RSP: key differences
The short answer, from the latest data on this page.
- Fees. SPYM is cheaper at 0.02% a year versus 0.20% for RSP. On $10,000 that is $18 a year less in fees.
- Income. RSP pays more income, yielding 1.47% over the last twelve months versus 1.01% for SPYM. That is about $47 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, SPYM returned 82.0% versus 48.0% for RSP, with dividends reinvested. $10,000 would have grown to $18,201 in SPYM and $14,802 in RSP.
- Risk. SPYM has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -24.5%, against -21.4% for RSP.
- Diversification. SPYM holds 505 positions and RSP holds 505. The ten largest positions make up 38.7% of SPYM and 2.6% of RSP.
- Overlap. At least 6% of the two portfolios overlap by weight, across 28 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. RSP grew its yearly payout 10.9% a year over the last 4 years, versus 6.8% for SPYM.
Bottom line: SPYM fits better if you care most about lower fees and stronger 5-year returns. RSP fits better if you care most about more income today, smaller drawdowns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SPYM State Street SPDR Portfolio S&P 500 ETF | RSP Invesco S&P 500 Equal Weight ETF |
|---|---|---|
| Dividend yield (TTM) | 1.01% | 1.47% |
| Dividend / share (TTM) | $0.91 | $3.18 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.2391 on Sep 15, 2026 | $0.7951 on Sep 25, 2026 |
| Ex-dividend date | Sep 11, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 6.8% over 4 yrs | 10.9% over 4 yrs |
| Price | $90.53 | $215.86 |
| Dividend growth streak | 5 years | 4 years |
| Beta | 1.01 | 0.93 |
| Max drawdown (5Y) | -24.5% | -21.4% |
| Market cap | $165.27B | $98.94B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.02% | 0.20% |
| Assets under management | $182.92B | $98.07B |
| Number of holdings | 505 | 505 |
| Top 10 concentration | 38.7% | 2.6% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SPYM
$8.38/mo
$101 /yr at 1.01% yield
RSP
$12.28/mo
$147 /yr at 1.47% yield
Dividend history
Total dividends paid per share in each calendar year. SPYM pays quarterly; RSP pays quarterly.
| Year | SPYM | RSP |
|---|---|---|
| 2025 | $0.9074 | $3.1363 |
| 2024 | $0.8796 | $2.6580 |
| 2023 | $0.8046 | $2.5802 |
| 2022 | $0.7618 | $2.5650 |
| 2021 | $0.6977 | $2.0770 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,201 in SPYM and $14,802 in RSP.
| Period | SPYM | RSP |
|---|---|---|
| 1 month | 0.99% | 2.07% |
| 3 months | 3.90% | 2.00% |
| Year to date | 13.75% | 14.04% |
| 1 year | 15.89% | 15.49% |
| 3 years | 89.27% | 64.77% |
| 5 years | 82.01% | 48.02% |
- SPYM
- RSP
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- SPYM
- RSP
SPYM vs RSP holdings overlap
At least 6% overlap by weight, with 28 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | SPYM weight | RSP weight |
|---|---|---|
| TJXTJX COMPANIES INC | 0.25% | 0.23% |
| ISRGINTUITIVE SURGICAL INC | 0.23% | 0.24% |
| ABBVABBVIE INC | 0.75% | 0.23% |
| TMOTHERMO FISHER SCIENTIFIC INC | 0.38% | 0.23% |
| WMTWALMART INC | 0.80% | 0.22% |
| LLYELI LILLY + CO | 1.50% | 0.22% |
| PGPROCTER + GAMBLE CO/THE | 0.55% | 0.22% |
| PMPHILIP MORRIS INTERNATIONAL | 0.47% | 0.22% |
| AMGNAMGEN INC | 0.35% | 0.22% |
| PLTRPALANTIR TECHNOLOGIES INC A | 0.67% | 0.22% |
Top 10 holdings
Largest positions by portfolio weight.
SPYM505 holdings total
Quick verdict
SPYM fits better if you care most about lower fees and stronger 5-year returns. RSP fits better if you care most about more income today, smaller drawdowns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SPYM vs RSP fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SPYM or RSP better for dividend income?
It depends on your goals. SPYM currently yields 1.01% Trailing Twelve Months (TTM) while RSP yields 1.47%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SPYM and RSP?
State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF listed on AMEX. Invesco S&P 500 Equal Weight ETF (RSP) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SPYM or RSP?
SPYM has the lower expense ratio. SPYM charges 0.02% a year and RSP charges 0.20%, a difference of $18 a year on a $10,000 investment.
Which has performed better, SPYM or RSP?
Over the last 5 years, SPYM has the higher total return with dividends reinvested: SPYM returned 82.0% and RSP returned 48.0%. Past performance does not predict future returns.
Which is riskier, SPYM or RSP?
Measured by the worst peak-to-trough decline over the last five years, SPYM has been riskier: SPYM fell as much as 24.5% and RSP as much as 21.4%. Their betas are 1.01 and 0.93.
How much do SPYM and RSP overlap?
At least 6% of the two portfolios overlap by weight, across 28 shared holdings. The largest shared positions are TJX, ISRG, ABBV. Holding both still adds meaningful diversification.
How often do SPYM and RSP pay dividends?
Both pay quarterly. The most recent payments were $0.2391 for SPYM and $0.7951 for RSP.
How much income does $10,000 in SPYM vs RSP generate?
At current TTM yields, $10,000 in SPYM would generate roughly $8.38 per month ($101 annually). The same amount in RSP would produce about $12.28 per month ($147 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPYM and RSP?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SPYM vs RSP with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPYM and RSP fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
Related comparisons
For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.