IMVP vs. RSP
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 8.82%/yr vs 12.23%/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
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Returns By Period
In the year-to-date period, IMVP achieves a -14.82% return, which is significantly lower than RSP's 9.94% return. Over the past 10 years, IMVP has underperformed RSP with an annualized return of 8.82%, while RSP has yielded a comparatively higher 12.23% annualized return.
IMVP
- 1D
- -2.33%
- 1M
- -0.92%
- YTD
- -14.82%
- 6M
- -15.38%
- 1Y
- -15.46%
- 3Y*
- 3.28%
- 5Y*
- 3.04%
- 10Y*
- 8.82%
RSP
- 1D
- -0.34%
- 1M
- 1.51%
- YTD
- 9.94%
- 6M
- 9.07%
- 1Y
- 18.97%
- 3Y*
- 14.87%
- 5Y*
- 8.63%
- 10Y*
- 12.23%
IMVP vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -14.82% | 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 | 9.94% | 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 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
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 5, 2008 | 0.59 |
Over the past year, the correlation between IMVP and RSP has dropped to 0.36 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IMVP vs. RSP — Risk / Return Rank
IMVP
RSP
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMVP | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.28 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.43 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.54 | 9.17 | -10.71 |
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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.
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Drawdown Indicators
| IMVP | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -22.56% | -1.49% | -21.07% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -6.64% | -10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 2.07% | +7.98% |
Volatility
IMVP vs. RSP - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 5.38% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.63%. 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.
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Volatility by Period
| IMVP | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 3.63% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 8.68% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 11.82% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 16.20% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 18.33% | +1.21% |
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 11.83%, more than RSP's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.83% | 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 | 1.53% | 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 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (5.38%) compared to RSP (3.63%). In terms of maximum drawdown, IMVP dropped -64.54% vs RSP's -59.92%.
On 10-year performance, RSP leads with 12.23% vs 8.82% for IMVP. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 3.63%. 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 12.23% return vs 8.82%. 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 11.83%, compared with 1.53% 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 (1.62 vs -0.94), 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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