ITDJ vs. RSPA

Last updated Jul 14, 2026

ITDJ (iShares LifePath Target Date 2070 ETF) and RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) are both exchange-traded funds - ITDJ is a Target Retirement Date fund actively managed by iShares, while RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index. ITDJ is actively managed, while RSPA is passively managed. Over the past year, ITDJ returned 22.86% vs 17.16% for RSPA. A 0.77 correlation means they provide meaningful diversification when combined. ITDJ charges 0.12%/yr vs 0.29%/yr for RSPA.

Performance

ITDJ vs. RSPA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares LifePath Target Date 2070 ETF (ITDJ) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ITDJ having a 11.22% return and RSPA slightly lower at 10.74%.

ITDJ

• 1D: -1.11%
• 1M: 0.15%
• 6M: 8.02%
• YTD: 11.22%
• 1Y: 22.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSPA

• 1D: -0.04%
• 1M: 1.76%
• 6M: 8.20%
• YTD: 10.74%
• 1Y: 17.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITDJ vs. RSPA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITDJ iShares LifePath Target Date 2070 ETF	11.22%	22.02%	-1.70%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	10.74%	11.07%	-3.22%

Correlation

The correlation between ITDJ and RSPA is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 13, 2024	0.77

The correlation between ITDJ and RSPA has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

Return for Risk

ITDJ vs. RSPA — Risk / Return Rank

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

ITDJ

ITDJ Risk / Return Rank: 65
ITDJ Sharpe Ratio Rank: 65
ITDJ Sortino Ratio Rank: 64
ITDJ Omega Ratio Rank: 65
ITDJ Calmar Ratio Rank: 60
ITDJ Martin Ratio Rank: 70

RSPA

RSPA Risk / Return Rank: 71
RSPA Sharpe Ratio Rank: 71
RSPA Sortino Ratio Rank: 72
RSPA Omega Ratio Rank: 69
RSPA Calmar Ratio Rank: 69
RSPA Martin Ratio Rank: 75

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.

ITDJ vs. RSPA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares LifePath Target Date 2070 ETF (ITDJ) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA). 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.

	ITDJ	RSPA	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.81	-0.12
Sortino ratio: Return per unit of downside risk	2.36	2.60	-0.24
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.38	2.78	-0.40
Martin ratio: Return relative to average drawdown	10.14	11.09	-0.95

ITDJ vs. RSPA - Sharpe Ratio Comparison

The current ITDJ Sharpe Ratio is 1.69, which is comparable to the RSPA Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ITDJ and RSPA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITDJ vs. RSPA - Drawdown Comparison

The maximum ITDJ drawdown since its inception was -16.63%, which is greater than RSPA's maximum drawdown of -15.37%. Use the drawdown chart below to compare losses from any high point for ITDJ and RSPA.

Drawdown Indicators

	ITDJ	RSPA	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-15.37%	-1.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-6.21%	-3.44%
Current Drawdown Current decline from peak	-1.59%	-0.04%	-1.55%
Average Drawdown Average peak-to-trough decline	-1.89%	-1.96%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.55%	+0.71%

Volatility

ITDJ vs. RSPA - Volatility Comparison

iShares LifePath Target Date 2070 ETF (ITDJ) has a higher volatility of 4.47% compared to Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) at 2.37%. This indicates that ITDJ's price experiences larger fluctuations and is considered to be riskier than RSPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDJ	RSPA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	2.37%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	6.82%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	9.53%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	12.80%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	12.80%	+3.44%

ITDJ vs. RSPA - Expense Ratio Comparison

ITDJ has a 0.12% expense ratio, which is lower than RSPA's 0.29% expense ratio.

Dividends

ITDJ vs. RSPA - Dividend Comparison

ITDJ's dividend yield for the trailing twelve months is around 1.26%, less than RSPA's 8.87% yield.

Position	TTM	2025	2024
ITDJ iShares LifePath Target Date 2070 ETF	1.26%	1.40%	0.82%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	8.87%	9.14%	4.03%

Frequently Asked Questions

Can I hold both ITDJ and RSPA in my portfolio?

ITDJ and RSPA have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDJ or RSPA?

ITDJ has higher volatility (4.47%) compared to RSPA (2.37%). In terms of maximum drawdown, ITDJ dropped -16.63% vs RSPA's -15.37%.

Which ETF is better, ITDJ or RSPA?

On 1-year performance, ITDJ leads with 22.86% vs 17.16% for RSPA. On fees, ITDJ is cheaper at 0.12% per year. On volatility, RSPA has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDJ or RSPA?

Over the 1-year period, ITDJ has performed better with a 22.86% return vs 17.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDJ or RSPA?

ITDJ is cheaper with a 0.12% expense ratio, compared with 0.29% for RSPA.

Which ETF pays a higher dividend yield, ITDJ or RSPA?

RSPA has the higher dividend yield at 8.87%, compared with 1.26% for ITDJ.

What is the main difference between ITDJ and RSPA?

ITDJ is categorized as Target Retirement Date, while RSPA is S&P 500. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for ITDJ and 0.29% for RSPA.

Which has better risk-adjusted returns?

RSPA currently has the higher Sharpe Ratio (1.81 vs 1.69), 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.