PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IMVP vs. RSP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMVP vs. RSP

Last updated Jun 4, 2026

IMVP (Invesco India ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 11.86%/yr for RSP. A 0.59 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.20%/yr for RSP.

Performance

IMVP vs. RSP - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than RSP's 9.70% return. Over the past 10 years, IMVP has underperformed RSP with an annualized return of 8.19%, while RSP has yielded a comparatively higher 11.86% annualized return.

IMVP

1D
-2.11%
1M
-2.53%
YTD
-16.08%
6M
-14.80%
1Y
-16.87%
3Y*
2.95%
5Y*
2.42%
10Y*
8.19%

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)

IMVP vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMVP
Invesco India ETF		-16.08%1.30%9.07%22.82%-9.35%23.68%18.41%14.26%-7.55%38.51%
RSP
Invesco S&P 500 Equal Weight ETF		9.70%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Correlation

The correlation between IMVP and RSP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2008

0.59

Over the past year, the correlation between IMVP and RSP has dropped to 0.35 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

Invesco India ETF

Invesco S&P 500 Equal Weight ETF

Often compared with IMVP:
IMVP vs. INDAIMVP vs. INDEIMVP vs. GLINIMVP vs. INDYIMVP vs. EPIIMVP vs. INCOIMVP vs. FLIN
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

Return for Risk

IMVP vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMVP
IMVP Risk / Return Rank: 11
Overall Rank
IMVP Sharpe Ratio Rank: 11
Sharpe Ratio Rank
IMVP Sortino Ratio Rank: 22
Sortino Ratio Rank
IMVP Omega Ratio Rank: 22
Omega Ratio Rank
IMVP Calmar Ratio Rank: 22
Calmar Ratio Rank
IMVP Martin Ratio Rank: 00
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4949
Overall Rank
RSP Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 4949
Sortino Ratio Rank
RSP Omega Ratio Rank: 4646
Omega Ratio Rank
RSP Calmar Ratio Rank: 5050
Calmar Ratio Rank
RSP Martin Ratio Rank: 5454
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.

IMVP vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.

IMVPRSPDifference

Sharpe ratio

Return per unit of total volatility

-1.05

1.70

-2.75

Sortino ratio

Return per unit of downside risk

-1.46

2.47

-3.93

Omega ratio

Gain probability vs. loss probability

0.83

1.30

-0.46

Calmar ratio

Return relative to maximum drawdown

-0.79

2.49

-3.28

Martin ratio

Return relative to average drawdown

-1.84

9.48

-11.32

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

IMVP vs. RSP - Sharpe Ratio Comparison

The current IMVP Sharpe Ratio is -1.05, which is lower than the RSP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of IMVP 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.

Loading charts...

Sharpe Ratios by Period

IMVPRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.05

1.70

-2.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.52

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.65

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.57

-0.45

Drawdowns

IMVP vs. RSP - Drawdown Comparison

The maximum IMVP drawdown since its inception was -64.54%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for IMVP and RSP.

Loading charts...

Drawdown Indicators

IMVPRSPDifference

Max Drawdown

Largest peak-to-trough decline

-64.54%

-59.92%

-4.62%

Max Drawdown (1Y)

Largest decline over 1 year

-21.44%

-7.85%

-13.59%

Max Drawdown (3Y)

Largest decline over 3 years

-25.80%

-17.81%

-7.99%

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

-21.38%

-4.42%

Max Drawdown (10Y)

Largest decline over 10 years

-39.69%

-39.04%

-0.65%

Current Drawdown

Current decline from peak

-23.71%

-0.38%

-23.33%

Average Drawdown

Average peak-to-trough decline

-16.70%

-6.65%

-10.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.16%

2.06%

+7.10%

Volatility

IMVP vs. RSP - Volatility Comparison

Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.56%. This indicates that IMVP'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.

Loading charts...

Volatility by Period

IMVPRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

2.56%

+3.44%

Volatility (6M)

Calculated over the trailing 6-month period

14.16%

8.29%

+5.87%

Volatility (1Y)

Calculated over the trailing 1-year period

16.17%

11.56%

+4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

16.18%

-0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.59%

18.35%

+1.24%

IMVP vs. RSP - Expense Ratio Comparison

IMVP has a 0.78% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

IMVP vs. RSP - Dividend Comparison

IMVP's dividend yield for the trailing twelve months is around 8.81%, more than RSP's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
IMVP
Invesco India ETF		8.81%7.39%8.48%2.08%14.07%6.95%0.72%36.35%0.96%1.01%1.18%0.61%
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

IMVP and RSP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMVP has higher volatility (6.00%) compared to RSP (2.56%). In terms of maximum drawdown, IMVP dropped -64.54% vs RSP's -59.92%.

On 10-year performance, RSP leads with 11.86% vs 8.19% for IMVP. 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.

Over the 10-year period, RSP has performed better with a 11.86% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RSP is cheaper with a 0.20% expense ratio, compared with 0.78% for IMVP.

IMVP has the higher dividend yield at 8.81%, compared with 1.49% for RSP.

IMVP is categorized as Emerging Markets Equities, while RSP is S&P 500. IMVP tracks FTSE India Quality and Yield Select Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.78% for IMVP and 0.20% for RSP.

RSP currently has the higher Sharpe Ratio (1.70 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.

Portfolio Optimizer

Find the right allocation for IMVP and RSP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer