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RSP vs. IEMG

Invesco S&P 500 Equal Weight ETF

RSP
$--
vs

iShares Core MSCI Emerging Markets ETF

IEMG
$--

Correlation

0.66
RSPInvesco S&P 500 Equal Weight ETF
IEMGiShares Core MSCI Emerging Markets ETF

What is RSP?

The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

Snapshot
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RSP Invesco S&P 500 Equal Weight ETF
IEMG iShares Core MSCI Emerging Markets ETF
Inception date
Apr 24 2003
Oct 18 2012
Expense ratio
0.20%
0.09%
RSP has a higher expense ratio than IEMG by 0.11%. This can indicate that it’s more expensive to invest in RSP than IEMG.
Type
US Equities
Global Ex. US Equities
RSP targets investing in US Equities, while IEMG targets investing in Global Ex. US Equities.
Fund owner
Invesco
Blackrock (iShares)
RSP is managed by Invesco, while IEMG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$616,655,599
$497,040,322
Both RSP and IEMG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$40,657,630,595
$70,028,258,238
RSP has more assets under management than IEMG by $29,370,627,643. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Equal Weighted Index
MSCI Emerging Markets Investable Market Index
RSP is based off of the S&P 500 Equal Weighted Index, while IEMG is based off of the MSCI Emerging Markets Investable Market Index
Inverse/Leveraged
No
No
RSP and IEMG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
RSP and IEMG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
RSP and IEMG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither RSP nor IEMG require a K1.
RSP and IEMG’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toRSP

#BTD

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Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toIEMG

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic
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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.