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RSP vs. TIP

Invesco S&P 500 Equal Weight ETF

RSP
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.25
RSPInvesco S&P 500 Equal Weight ETF
TIPiShares TIPS Bond 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
TIP iShares TIPS Bond ETF
Inception date
Apr 24 2003
Dec 04 2003
Expense ratio
0.20%
0.19%
RSP has a higher expense ratio than TIP by 0.01%. This can indicate that it’s more expensive to invest in RSP than TIP.
Type
US Equities
US Bonds
RSP targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
Invesco
Blackrock (iShares)
RSP is managed by Invesco, while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$616,655,599
$275,002,281
Both RSP and TIP 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
$21,035,302,259
RSP has more assets under management than TIP by $19,622,328,336. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Equal Weighted Index
ICE US Treasury Inflation Linked Bond Index
RSP is based off of the S&P 500 Equal Weighted Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
No
No
RSP and TIP 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 TIP 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 TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither RSP nor TIP require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toRSP

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toTIP

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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.

**

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.