DRIP vs. RSPG
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and RSPG (Invesco S&P 500 Equal Weight Energy ETF) are both exchange-traded funds - DRIP is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index. Both are passively managed. Over the past 10 years, DRIP returned -42.45%/yr vs 9.40%/yr for RSPG. At a correlation of -0.94, they often move in opposite directions. DRIP charges 1.07%/yr vs 0.40%/yr for RSPG.
Performance
DRIP vs. RSPG - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -50.33% return, which is significantly lower than RSPG's 34.68% return. Over the past 10 years, DRIP has underperformed RSPG with an annualized return of -42.45%, while RSPG has yielded a comparatively higher 9.40% annualized return.
DRIP
- 1D
- 0.22%
- 1M
- 9.31%
- YTD
- -50.33%
- 6M
- -42.76%
- 1Y
- -57.98%
- 3Y*
- -31.50%
- 5Y*
- -41.60%
- 10Y*
- -42.45%
RSPG
- 1D
- 0.30%
- 1M
- -2.06%
- YTD
- 34.68%
- 6M
- 28.63%
- 1Y
- 50.95%
- 3Y*
- 20.41%
- 5Y*
- 21.17%
- 10Y*
- 9.40%
DRIP vs. RSPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.33% | -14.81% | 1.27% | -17.24% | -73.57% | -79.74% | -42.76% | -36.11% | 49.62% | -9.05% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 34.68% | 7.01% | 6.09% | 4.49% | 57.97% | 57.73% | -32.44% | 13.38% | -24.68% | -6.39% |
Correlation
The correlation between DRIP and RSPG is -0.92, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2015 | -0.94 |
The correlation between DRIP and RSPG has been stable across timeframes, ranging from -0.95 to -0.92 - a consistent structural relationship.
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Return for Risk
DRIP vs. RSPG — Risk / Return Rank
DRIP
RSPG
DRIP vs. RSPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and Invesco S&P 500 Equal Weight Energy ETF (RSPG). 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.
| DRIP | RSPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.38 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 4.20 | -5.11 |
| Martin ratioReturn relative to average drawdown | -1.69 | 12.39 | -14.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | RSPG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.38 | -3.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | 0.75 | -1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.44 | 0.28 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.18 | -0.60 |
Drawdowns
DRIP vs. RSPG - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than RSPG's maximum drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for DRIP and RSPG.
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Drawdown Indicators
| DRIP | RSPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -79.98% | -19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | -12.18% | -51.66% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -23.06% | -52.96% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -28.44% | -67.80% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | -73.17% | -26.75% |
Current DrawdownCurrent decline from peak | -99.94% | -5.38% | -94.56% |
Average DrawdownAverage peak-to-trough decline | -90.46% | -25.46% | -65.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.32% | 4.12% | +30.20% |
Volatility
DRIP vs. RSPG - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 19.67% compared to Invesco S&P 500 Equal Weight Energy ETF (RSPG) at 8.20%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than RSPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | RSPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 8.20% | +11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 42.89% | 16.71% | +26.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.51% | 21.64% | +33.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 28.31% | +40.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.57% | 33.56% | +63.01% |
DRIP vs. RSPG - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than RSPG's 0.40% expense ratio.
Dividends
DRIP vs. RSPG - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.98%, more than RSPG's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.98% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% | 0.00% | 0.00% | 0.00% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 1.94% | 2.60% | 2.43% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% |
Frequently Asked Questions
DRIP and RSPG have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (19.67%) compared to RSPG (8.20%). In terms of maximum drawdown, DRIP dropped -99.95% vs RSPG's -79.98%.
On 10-year performance, RSPG leads with 9.40% vs -42.45% for DRIP. On fees, RSPG is cheaper at 0.40% per year. On volatility, RSPG has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSPG has performed better with a 9.40% return vs -42.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPG is cheaper with a 0.40% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.98%, compared with 1.94% for RSPG.
DRIP is categorized as Leveraged Equities, while RSPG is Energy Equities. DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while RSPG tracks S&P 500 Equal Weight Energy Plus Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.07% for DRIP and 0.40% for RSPG.
RSPG currently has the higher Sharpe Ratio (2.38 vs -1.05), 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.
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