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IYH vs. RSP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYH vs. RSP

Last updated Jun 16, 2026

IYH (iShares U.S. Healthcare ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care 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, IYH returned 9.63%/yr vs 12.18%/yr for RSP. A 0.73 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.20%/yr for RSP.

Performance

IYH vs. RSP - Performance Comparison

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

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Returns By Period

In the year-to-date period, IYH achieves a -1.10% return, which is significantly lower than RSP's 11.61% return. Over the past 10 years, IYH has underperformed RSP with an annualized return of 9.63%, while RSP has yielded a comparatively higher 12.18% annualized return.

IYH

1D
-0.46%
1M
5.37%
YTD
-1.10%
6M
-1.60%
1Y
14.30%
3Y*
6.09%
5Y*
4.89%
10Y*
9.63%

RSP

1D
0.58%
1M
5.62%
YTD
11.61%
6M
10.84%
1Y
22.05%
3Y*
14.55%
5Y*
8.93%
10Y*
12.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYH
iShares U.S. Healthcare ETF		-1.10%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%
RSP
Invesco S&P 500 Equal Weight ETF		11.61%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Correlation

The correlation between IYH and RSP is 0.56, 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

0.56

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

0.63

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

0.67

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

0.69

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2003

0.73

The correlation between IYH and RSP shifts across timeframes, from 0.56 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

IYH vs. RSP - Sectors Allocation Comparison

Sectors
IYH
RSP

Healthcare

100.0%
11.1%

Basic Materials

-

3.9%

Communication Services

-

3.9%

Consumer Cyclical

-

10.0%

Consumer Defensive

-

6.4%

Energy

-

4.0%

Financial Services

-

13.9%

Industrials

-

14.2%

Real Estate

-

6.1%

Technology

-

20.9%

Utilities

-

5.7%

Healthcare

IYH
100.0%
RSP
11.1%

Basic Materials

IYH

-

RSP
3.9%

Communication Services

IYH

-

RSP
3.9%

Consumer Cyclical

IYH

-

RSP
10.0%

Consumer Defensive

IYH

-

RSP
6.4%

Energy

IYH

-

RSP
4.0%

Financial Services

IYH

-

RSP
13.9%

Industrials

IYH

-

RSP
14.2%

Real Estate

IYH

-

RSP
6.1%

Technology

IYH

-

RSP
20.9%

Utilities

IYH

-

RSP
5.7%

Compare stocks, funds, or ETFs

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

iShares U.S. Healthcare ETF

Invesco S&P 500 Equal Weight ETF

Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

Return for Risk

IYH vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYH
IYH Risk / Return Rank: 2929
Overall Rank
IYH Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3030
Sortino Ratio Rank
IYH Omega Ratio Rank: 2727
Omega Ratio Rank
IYH Calmar Ratio Rank: 3030
Calmar Ratio Rank
IYH Martin Ratio Rank: 2626
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 6363
Overall Rank
RSP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 6666
Sortino Ratio Rank
RSP Omega Ratio Rank: 6060
Omega Ratio Rank
RSP Calmar Ratio Rank: 6262
Calmar Ratio Rank
RSP Martin Ratio Rank: 6565
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.

IYH vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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.

IYHRSPDifference
Sharpe ratioReturn per unit of total volatility
0.95
1.88

-0.93

Sortino ratioReturn per unit of downside risk
1.53
2.71

-1.17

Omega ratioGain probability vs. loss probability

1.17

1.33

-0.16

Calmar ratioReturn relative to maximum drawdown

1.35

2.82

-1.47

Martin ratioReturn relative to average drawdown

3.21

10.69

-7.47

IYH vs. RSP - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 0.95, which is lower than the RSP Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of IYH 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.

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Drawdowns

IYH vs. RSP - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for IYH and RSP.

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Drawdown Indicators

IYHRSPDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-59.92%

+16.80%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-7.85%

-2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-17.81%

-0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-21.38%

+3.47%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-39.04%

+10.64%

Current Drawdown

Current decline from peak

-4.38%

0.00%

-4.38%

Average Drawdown

Average peak-to-trough decline

-8.96%

-6.64%

-2.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

2.07%

+2.39%

Volatility

IYH vs. RSP - Volatility Comparison

iShares U.S. Healthcare ETF (IYH) has a higher volatility of 4.97% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.59%. This indicates that IYH'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

IYHRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

3.59%

+1.38%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

8.58%

+2.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

11.79%

+3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.97%

16.23%

-1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.75%

18.37%

-1.62%

IYH vs. RSP - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

IYH vs. RSP - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.51%, more than RSP's 1.46% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.51%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
RSP
Invesco S&P 500 Equal Weight ETF		1.46%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

IYH and RSP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYH has higher volatility (4.97%) compared to RSP (3.59%). In terms of maximum drawdown, IYH dropped -43.12% vs RSP's -59.92%.

On 10-year performance, RSP leads with 12.18% vs 9.63% for IYH. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 3.59%. 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 12.18% return vs 9.63%. 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 0.43% for IYH.

IYH has the higher dividend yield at 1.51%, compared with 1.46% for RSP.

IYH is categorized as Health & Biotech Equities, while RSP is S&P 500. IYH tracks Dow Jones U.S. Health Care Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.43% for IYH and 0.20% for RSP.

RSP currently has the higher Sharpe Ratio (1.88 vs 0.95), 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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