Dividend comparison

VOO vs RSP: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 ETF and Invesco S&P 500 Equal Weight ETF, side by side. Updated October 21, 2026.

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VOO vs RSP: key differences
The short answer, from the latest data on this page.
  • Fees. VOO is cheaper at 0.03% a year versus 0.20% for RSP. On $10,000 that is $17 a year less in fees.
  • Income. RSP pays more income, yielding 1.47% over the last twelve months versus 1.05% for VOO. That is about $42 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, VOO returned 81.8% versus 48.0% for RSP, with dividends reinvested. $10,000 would have grown to $18,178 in VOO and $14,802 in RSP.
  • Risk. VOO 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. VOO holds 505 positions and RSP holds 505. The ten largest positions make up 39.1% of VOO and 2.6% of RSP.
  • Overlap. At least 6% of the two portfolios overlap by weight, across 27 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 VOO.
  • Size. VOO is the larger fund with $1.7 trillion in assets, against $98.1 billion for RSP.

Bottom line: VOO 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.
MetricVOO
Vanguard S&P 500 ETF
RSP
Invesco S&P 500 Equal Weight ETF
Dividend yield (TTM)1.05%1.47%
Dividend / share (TTM)$7.43$3.18
Payout frequencyQuarterlyQuarterly
Last dividend$1.8226 on Sep 30, 2026$0.7951 on Sep 25, 2026
Ex-dividend dateSep 28, 2026Sep 21, 2026
Dividend growth (CAGR)6.8% over 4 yrs10.9% over 4 yrs
Price$706.80$215.86
Dividend growth streak5 years4 years
Beta1.010.93
Max drawdown (5Y)-24.5%-21.4%
Market cap$1.70T$98.94B
ExchangeAMEXAMEX
Expense ratio0.03%0.20%
Assets under management$1.70T$98.07B
Number of holdings505505
Top 10 concentration39.1%2.6%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VOO

$8.76/mo

$105 /yr at 1.05% yield

RSP

$12.28/mo

$147 /yr at 1.47% yield

Dividend history
Total dividends paid per share in each calendar year. VOO pays quarterly; RSP pays quarterly.
YearVOORSP
2025$7.0678$3.1363
2024$6.7035$2.6580
2023$6.3572$2.5802
2022$5.9467$2.5650
2021$5.4367$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.

What VOO vs RSP actually do

VOO
Vanguard's S&P 500 tracker, holding the 500 large-cap US companies in the index at their market-cap weights.

It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.

Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.

Core holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,178 in VOO and $14,802 in RSP.
PeriodVOORSP
1 month0.97%2.07%
3 months3.87%2.00%
Year to date13.68%14.04%
1 year15.84%15.49%
3 years89.23%64.77%
5 years81.78%48.02%
  • VOO
  • RSP
73132190202120222023202420252026182148

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.
  • VOO
  • RSP
0%10%20%30%40%Technology40.5%18.0%Financial Services11.1%13.5%Industrials7.5%15.2%Healthcare9.3%12.6%Consumer Cyclical8.8%10.7%Communication Services9.9%4.0%Consumer Defensive4.3%6.3%Utilities1.9%5.9%Real Estate1.7%5.8%Energy3.4%4.0%Other1.6%3.9%
VOO vs RSP holdings overlap
At least 6% overlap by weight, with 27 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 holdingsVOO weightRSP weight
ABBVAbbVie Inc0.70%0.23%
TMOThermo Fisher Scientific Inc0.38%0.23%
WMTWalmart Inc0.70%0.22%
LLYEli Lilly & Co1.41%0.22%
PGProcter & Gamble Co/The0.51%0.22%
PMPhilip Morris International Inc0.45%0.22%
TJXTJX Cos Inc/The0.22%0.23%
AMGNAmgen Inc0.35%0.22%
PLTRPalantir Technologies Inc0.65%0.22%
VVisa Inc0.91%0.22%
Top 10 holdings
Largest positions by portfolio weight.

VOO505 holdings total

NameWeight
NVDANVIDIA Corp8.39%
AAPLApple Inc7.38%
MSFTMicrosoft Corp5.78%
AMZNAmazon.com Inc3.71%
GOOGLAlphabet Inc3.07%
AVGOBroadcom Inc2.54%
GOOGAlphabet Inc2.45%
METAMeta Platforms Inc2.43%
MUMicron Technology Inc1.83%
TSLATesla Inc1.52%

RSP505 holdings total

NameWeight
MRNAModerna Inc0.32%
PTCPTC Inc0.30%
ACNAccenture PLC0.26%
ILMNIllumina Inc0.26%
PEverpure Inc0.26%
MTDMettler-Toledo International Inc0.25%
PKIRevvity Inc0.25%
RVTYRevvity Inc0.25%
ITGartner Inc0.24%
ISRGIntuitive Surgical Inc0.24%

Quick verdict

VOO 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.

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Frequently asked questions

Is VOO or RSP better for dividend income?
It depends on your goals. VOO currently yields 1.05% 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 VOO and RSP?
Vanguard S&P 500 ETF (VOO) 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, VOO or RSP?
VOO has the lower expense ratio. VOO charges 0.03% a year and RSP charges 0.20%, a difference of $17 a year on a $10,000 investment.
Which has performed better, VOO or RSP?
Over the last 5 years, VOO has the higher total return with dividends reinvested: VOO returned 81.8% and RSP returned 48.0%. Past performance does not predict future returns.
Which is riskier, VOO or RSP?
Measured by the worst peak-to-trough decline over the last five years, VOO has been riskier: VOO fell as much as 24.5% and RSP as much as 21.4%. Their betas are 1.01 and 0.93.
How much do VOO and RSP overlap?
At least 6% of the two portfolios overlap by weight, across 27 shared holdings. The largest shared positions are ABBV, TMO, WMT. Holding both still adds meaningful diversification.
How often do VOO and RSP pay dividends?
Both pay quarterly. The most recent payments were $1.8226 for VOO and $0.7951 for RSP.
How much income does $10,000 in VOO vs RSP generate?
At current TTM yields, $10,000 in VOO would generate roughly $8.76 per month ($105 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 VOO 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 VOO vs RSP with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOO 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.

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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.