BTCO vs. RSP

Last updated Jun 4, 2026

BTCO (Invesco Galaxy Bitcoin ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - BTCO is a Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, BTCO returned -38.71% vs 19.50% for RSP. At a 0.36 correlation, their price movements are largely independent. BTCO charges 0.39%/yr vs 0.20%/yr for RSP.

Performance

BTCO vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Bitcoin ETF (BTCO) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCO achieves a -25.40% return, which is significantly lower than RSP's 9.70% return.

BTCO

• 1D: -2.74%
• 1M: -18.43%
• YTD: -25.40%
• 6M: -29.84%
• 1Y: -38.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSP

• 1D: -0.38%
• 1M: 3.77%
• YTD: 9.70%
• 6M: 10.18%
• 1Y: 19.50%
• 3Y*: 15.23%
• 5Y*: 8.33%
• 10Y*: 11.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCO vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCO Invesco Galaxy Bitcoin ETF	-25.40%	-6.58%	100.54%
RSP Invesco S&P 500 Equal Weight ETF	9.70%	11.21%	13.80%

Correlation

The correlation between BTCO and RSP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.36

Return for Risk

BTCO vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCO

BTCO Risk / Return Rank: 2
BTCO Sharpe Ratio Rank: 2
BTCO Sortino Ratio Rank: 2
BTCO Omega Ratio Rank: 2
BTCO Calmar Ratio Rank: 2
BTCO Martin Ratio Rank: 2

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 50
RSP Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCO vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Invesco S&P 500 Equal Weight ETF (RSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BTCO	RSP	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	1.70	-2.59
Sortino ratio: Return per unit of downside risk	-1.23	2.47	-3.70
Omega ratio: Gain probability vs. loss probability	0.86	1.30	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.79	2.49	-3.28
Martin ratio: Return relative to average drawdown	-1.36	9.48	-10.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCO vs. RSP - Sharpe Ratio Comparison

The current BTCO Sharpe Ratio is -0.89, which is lower than the RSP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of BTCO and RSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTCO	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	1.70	-2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.57	-0.26

Drawdowns

BTCO vs. RSP - Drawdown Comparison

The maximum BTCO drawdown since its inception was -49.33%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for BTCO and RSP.

Drawdown Indicators

	BTCO	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-49.33%	-59.92%	+10.59%
Max Drawdown (1Y) Largest decline over 1 year	-49.33%	-7.85%	-41.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-48.03%	-0.38%	-47.65%
Average Drawdown Average peak-to-trough decline	-15.95%	-6.65%	-9.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.41%	2.06%	+26.35%

Volatility

BTCO vs. RSP - Volatility Comparison

Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 9.46% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.56%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCO	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	2.56%	+6.90%
Volatility (6M) Calculated over the trailing 6-month period	34.37%	8.29%	+26.08%
Volatility (1Y) Calculated over the trailing 1-year period	43.56%	11.56%	+32.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.77%	16.18%	+33.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.77%	18.35%	+31.42%

BTCO vs. RSP - Expense Ratio Comparison

BTCO has a 0.39% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

BTCO vs. RSP - Dividend Comparison

BTCO has not paid dividends to shareholders, while RSP's dividend yield for the trailing twelve months is around 1.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCO Invesco Galaxy Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.49%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%

Frequently Asked Questions

Can I hold both BTCO and RSP in my portfolio?

BTCO and RSP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCO or RSP?

BTCO has higher volatility (9.46%) compared to RSP (2.56%). In terms of maximum drawdown, BTCO dropped -49.33% vs RSP's -59.92%.

Which ETF is better, BTCO or RSP?

On 1-year performance, RSP leads with 19.50% vs -38.71% for BTCO. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCO or RSP?

Over the 1-year period, RSP has performed better with a 19.50% return vs -38.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCO or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.39% for BTCO.

Which ETF pays a higher dividend yield, BTCO or RSP?

RSP has the higher dividend yield at 1.49%, compared with 0.00% for BTCO.

What is the main difference between BTCO and RSP?

BTCO is categorized as Cryptocurrency, while RSP is S&P 500. BTCO tracks Lukka Prime Reference Bitcoin Rate, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.39% for BTCO and 0.20% for RSP.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.70 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.