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GOVI vs. RSP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GOVI vs. RSP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Invesco S&P 500 Equal Weight ETF (RSP).

GOVI and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVI is a passively managed fund by Invesco that tracks the performance of the ICE BofA Laddered Maturity US Treasury (1-30 Y). It was launched on Oct 11, 2007. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both GOVI and RSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GOVI vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

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GOVI vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOVI
Invesco Equal Weight 0-30 Years Treasury ETF		-0.06%5.84%-2.95%3.31%-19.98%-3.76%12.55%10.00%-0.28%4.96%
RSP
Invesco S&P 500 Equal Weight ETF		0.62%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Returns By Period

In the year-to-date period, GOVI achieves a -0.06% return, which is significantly lower than RSP's 0.62% return. Over the past 10 years, GOVI has underperformed RSP with an annualized return of 0.10%, while RSP has yielded a comparatively higher 11.17% annualized return.

GOVI

1D
0.15%
1M
-3.00%
YTD
-0.06%
6M
0.13%
1Y
1.84%
3Y*
0.38%
5Y*
-2.40%
10Y*
0.10%

RSP

1D
2.05%
1M
-5.97%
YTD
0.62%
6M
2.01%
1Y
12.65%
3Y*
11.72%
5Y*
7.81%
10Y*
11.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Equal Weight 0-30 Years Treasury ETF

Invesco S&P 500 Equal Weight ETF

Often compared with GOVI:
GOVI vs. GOVTGOVI vs. VTIGOVI vs. BNDGOVI vs. ^GSPCGOVI vs. BONDGOVI vs. SPTLGOVI vs. VGT
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

GOVI vs. RSP - Expense Ratio Comparison

GOVI has a 0.15% expense ratio, which is lower than RSP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

RSP
Invesco S&P 500 Equal Weight ETF
GOVI
Invesco Equal Weight 0-30 Years Treasury ETF

Return for Risk

GOVI vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOVI
GOVI Risk / Return Rank: 1818
Overall Rank
GOVI Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
GOVI Sortino Ratio Rank: 1616
Sortino Ratio Rank
GOVI Omega Ratio Rank: 1616
Omega Ratio Rank
GOVI Calmar Ratio Rank: 2121
Calmar Ratio Rank
GOVI Martin Ratio Rank: 1919
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4747
Overall Rank
RSP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 4545
Sortino Ratio Rank
RSP Omega Ratio Rank: 4646
Omega Ratio Rank
RSP Calmar Ratio Rank: 4747
Calmar Ratio Rank
RSP Martin Ratio Rank: 5555
Martin Ratio Rank
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.

GOVI vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) 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.

GOVIRSPDifference

Sharpe ratio

Return per unit of total volatility

0.25

0.74

-0.49

Sortino ratio

Return per unit of downside risk

0.39

1.15

-0.77

Omega ratio

Gain probability vs. loss probability

1.05

1.16

-0.12

Calmar ratio

Return relative to maximum drawdown

0.42

1.08

-0.67

Martin ratio

Return relative to average drawdown

0.97

4.89

-3.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOVI vs. RSP - Sharpe Ratio Comparison

The current GOVI Sharpe Ratio is 0.25, which is lower than the RSP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of GOVI and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GOVIRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.25

0.74

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.24

0.48

-0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.01

0.61

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.55

-0.23

Correlation

The correlation between GOVI and RSP is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GOVI vs. RSP - Dividend Comparison

GOVI's dividend yield for the trailing twelve months is around 3.81%, more than RSP's 1.62% yield.

TTM20252024202320222021202020192018201720162015
GOVI
Invesco Equal Weight 0-30 Years Treasury ETF		3.81%3.75%3.56%2.87%1.97%1.15%1.00%1.96%2.14%2.02%2.00%2.14%
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Drawdowns

GOVI vs. RSP - Drawdown Comparison

The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GOVI and RSP.

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Drawdown Indicators

GOVIRSPDifference

Max Drawdown

Largest peak-to-trough decline

-32.70%

-59.92%

+27.22%

Max Drawdown (1Y)

Largest decline over 1 year

-5.83%

-12.54%

+6.71%

Max Drawdown (5Y)

Largest decline over 5 years

-28.30%

-21.38%

-6.92%

Max Drawdown (10Y)

Largest decline over 10 years

-32.70%

-39.04%

+6.34%

Current Drawdown

Current decline from peak

-22.00%

-5.97%

-16.03%

Average Drawdown

Average peak-to-trough decline

-9.53%

-6.69%

-2.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.78%

-0.27%

Volatility

GOVI vs. RSP - Volatility Comparison

The current volatility for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) is 2.69%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.47%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GOVIRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

4.47%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

4.43%

8.83%

-4.40%

Volatility (1Y)

Calculated over the trailing 1-year period

7.53%

17.17%

-9.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.85%

16.20%

-6.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.11%

18.36%

-9.25%