PEZ vs. RSPD

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD).

PEZ and RSPD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEZ is a passively managed fund by Invesco that tracks the performance of the DWA Consumer Cyclicals Technical Leaders Index. It was launched on Oct 12, 2006. RSPD is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Consumer Discretionary -SEC. It was launched on Nov 1, 2006. Both PEZ and RSPD 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

PEZ vs. RSPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). The values are adjusted to include any dividend payments, if applicable.

PEZ vs. RSPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	-6.38%	5.40%	20.06%	29.55%	-29.59%	20.35%	38.97%	18.05%	-6.85%	19.87%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	-5.55%	7.98%	13.37%	22.55%	-24.03%	28.75%	11.43%	25.88%	-8.79%	15.04%

Returns By Period

In the year-to-date period, PEZ achieves a -6.38% return, which is significantly lower than RSPD's -5.55% return. Over the past 10 years, PEZ has outperformed RSPD with an annualized return of 8.73%, while RSPD has yielded a comparatively lower 7.40% annualized return.

PEZ

• 1D: 0.81%
• 1M: -6.59%
• YTD: -6.38%
• 6M: -4.00%
• 1Y: 12.32%
• 3Y*: 12.53%
• 5Y*: 2.22%
• 10Y*: 8.73%

RSPD

• 1D: 0.40%
• 1M: -6.82%
• YTD: -5.55%
• 6M: -6.80%
• 1Y: 8.16%
• 3Y*: 9.16%
• 5Y*: 3.58%
• 10Y*: 7.40%

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

PEZ vs. RSPD - Expense Ratio Comparison

PEZ has a 0.60% expense ratio, which is higher than RSPD's 0.40% expense ratio.

PEZ

Invesco DWA Consumer Cyclicals Momentum ETF

RSPD

Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Return for Risk

PEZ vs. RSPD — Risk / Return Rank

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

PEZ

PEZ Risk / Return Rank: 29
PEZ Sharpe Ratio Rank: 26
PEZ Sortino Ratio Rank: 29
PEZ Omega Ratio Rank: 26
PEZ Calmar Ratio Rank: 31
PEZ Martin Ratio Rank: 30

RSPD

RSPD Risk / Return Rank: 23
RSPD Sharpe Ratio Rank: 21
RSPD Sortino Ratio Rank: 23
RSPD Omega Ratio Rank: 22
RSPD Calmar Ratio Rank: 27
RSPD Martin Ratio Rank: 24

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.

PEZ vs. RSPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). 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.

	PEZ	RSPD	Difference
Sharpe ratio Return per unit of total volatility	0.52	0.36	+0.16
Sortino ratio Return per unit of downside risk	0.90	0.71	+0.19
Omega ratio Gain probability vs. loss probability	1.11	1.09	+0.03
Calmar ratio Return relative to maximum drawdown	0.84	0.65	+0.19
Martin ratio Return relative to average drawdown	2.75	1.88	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEZ vs. RSPD - Sharpe Ratio Comparison

The current PEZ Sharpe Ratio is 0.52, which is higher than the RSPD Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of PEZ and RSPD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEZ	RSPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	0.36	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.16	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.32	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.33	-0.01

Correlation

The correlation between PEZ and RSPD is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PEZ vs. RSPD - Dividend Comparison

PEZ's dividend yield for the trailing twelve months is around 0.22%, less than RSPD's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	0.22%	0.11%	0.12%	0.60%	0.43%	0.23%	0.39%	0.01%	0.40%	0.42%	0.83%	0.64%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	1.04%	1.08%	0.84%	1.09%	0.99%	0.53%	0.81%	1.59%	1.67%	1.45%	1.27%	1.37%

Drawdowns

PEZ vs. RSPD - Drawdown Comparison

The maximum PEZ drawdown since its inception was -58.39%, smaller than the maximum RSPD drawdown of -68.00%. Use the drawdown chart below to compare losses from any high point for PEZ and RSPD.

Drawdown Indicators

	PEZ	RSPD	Difference
Max Drawdown Largest peak-to-trough decline	-58.39%	-68.00%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	-13.57%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-41.72%	-34.41%	-7.31%
Max Drawdown (10Y) Largest decline over 10 years	-52.05%	-48.00%	-4.05%
Current Drawdown Current decline from peak	-13.24%	-10.26%	-2.98%
Average Drawdown Average peak-to-trough decline	-13.88%	-10.72%	-3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	4.70%	+0.14%

Volatility

PEZ vs. RSPD - Volatility Comparison

Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 8.73% compared to Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) at 6.41%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than RSPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEZ	RSPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.73%	6.41%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	12.97%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	23.73%	22.51%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	22.01%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	23.01%	+1.99%