Overview
Holds all S&P 500 constituents at roughly equal 0.2% weights, rebalanced quarterly — a direct structural answer to mega-cap concentration.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| — | All ~500 constituents held at approximately equal weight | ~0.2% each |
| — | Rebalanced quarterly back to equal weighting |
Fund Details
Investment Thesis
RSP answers a question that has become urgent: what happens if the mega-caps stop leading? By holding every S&P 500 company at roughly 0.2%, it removes the concentration risk that now sees the top ten names account for over a third of the cap-weighted index. The quarterly rebalance also imposes a systematic sell-high, buy-low discipline. The trade-off is real — RSP badly lagged during the mega-cap-led runs of 2023 to 2025, and its 0.20% fee is five times VOO's. It is a genuine bet, not a free improvement.
Who It's For
Investors who believe current mega-cap concentration is unsustainable and want S&P 500 exposure without it. RSP suits those willing to underperform during momentum-driven markets in exchange for protection if leadership broadens. Best used as a complement to a cap-weighted core rather than a replacement.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $84.18 | -- |
| 2017 | $99.75 | +18.5% |
| 2018 | $91.97 | -7.8% |
| 2019 | $118.64 | +29.0% |
| 2020 | $133.83 | +12.8% |
| 2021 | $173.45 | +29.6% |
| 2022 | $153.33 | -11.6% |
| 2023 | $174.33 | +13.7% |
| 2024 | $193.33 | +10.9% |
| 2025 | $207.45 | +7.3% |
| Year | Yield |
|---|---|
| 2016 | 2.02% |
| 2017 | 1.88% |
| 2018 | 2.12% |
| 2019 | 1.94% |
| 2020 | 1.72% |
| 2021 | 1.42% |
| 2022 | 1.72% |
| 2023 | 1.62% |
| 2024 | 1.56% |
| 2025 | 1.51% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $12B | -- |
| 2017 | $16B | +33.3% |
| 2018 | $14B | -12.5% |
| 2019 | $19B | +35.7% |
| 2020 | $24B | +26.3% |
| 2021 | $38B | +58.3% |
| 2022 | $34B | -10.5% |
| 2023 | $42B | +23.5% |
| 2024 | $58B | +38.1% |
| 2025 | $94B | +62.1% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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