Looking at the market capitalization breakdown in RSP, mega-caps account for 11.2% of the portfolio, large-caps 41.7% and mid-caps 45.5%. SPY, though, has 50.8% in mega-caps, 36.5% in large-caps and 12.6% in mid-caps.
Due to the equal-weight structure, RSP’s largest holding only makes up 0.3% of the overall portfolio, whereas SPY’s largest holding, Apple (NasdaqGS: AAPL), accounts for 3% of its portfolio.
On a sector-by-sector basis, RSP also has a more spread out allocation. The Guggenheim ETF’s sector breakdown includes consumer discretionary 16.8%, finanicals 16.3%, information technology 13.8%, industrials 11.8%, health care 10.6%, consumer staples 8.6%, energy 8.3%, utilities 6.3%, materials 4.7% and telecom services 1.4%.
SPY’s sector allocations include information technology 17.9%, financials 16.3%, health care 12.5%, consumer discretionary 11.8%, consumer staples 10.9%, energy 10.7%, industrials 10.0%, utilities 3.5%, materials 3.4% and telecom services 3.0%.
RSP comes with a 0.40% expense ratio, whereas SPY has a 0.09% expense ratio.
Guggenheim S&P 500 Equal Weight ETF
For more information on the S&P 500, visit our S&P 500 category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY and RSP.