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PID vs. RSP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PID vs. RSP

Last updated Jun 4, 2026

PID (Invesco International Dividend Achievers™ ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - PID is a Global Equities fund tracking the Nasdaq International Dividend Achievers (NR), 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, PID returned 8.80%/yr vs 11.86%/yr for RSP. Their correlation of 0.82 suggests significant overlap in exposure. PID charges 0.56%/yr vs 0.20%/yr for RSP.

Performance

PID vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Dividend Achievers™ ETF (PID) 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, PID achieves a 5.45% return, which is significantly lower than RSP's 9.70% return. Over the past 10 years, PID has underperformed RSP with an annualized return of 8.80%, while RSP has yielded a comparatively higher 11.86% annualized return.

PID

1D
-1.07%
1M
1.28%
YTD
5.45%
6M
6.61%
1Y
16.04%
3Y*
12.52%
5Y*
8.28%
10Y*
8.80%

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)

PID vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PID
Invesco International Dividend Achievers™ ETF		5.45%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%
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 PID and RSP 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 (3Y)
Calculated over the trailing 3-year period

0.75

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

0.78

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

0.79

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2005

0.82

The correlation between PID and RSP has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

PID vs. RSP - Sectors Allocation Comparison

Sectors
PID
RSP

Financial Services

17.5%
14.5%

Utilities

14.2%
6.1%

Communication Services

13.8%
3.7%

Energy

13.3%
4.5%

Technology

8.7%
19.6%

Healthcare

8.4%
11.0%

Industrials

7.9%
14.1%

Consumer Cyclical

6.4%
9.9%

Consumer Defensive

6.0%
6.5%

Basic Materials

3.4%
4.1%

Real Estate

0.4%
6.0%

Financial Services

PID
17.5%
RSP
14.5%

Utilities

PID
14.2%
RSP
6.1%

Communication Services

PID
13.8%
RSP
3.7%

Energy

PID
13.3%
RSP
4.5%

Technology

PID
8.7%
RSP
19.6%

Healthcare

PID
8.4%
RSP
11.0%

Industrials

PID
7.9%
RSP
14.1%

Consumer Cyclical

PID
6.4%
RSP
9.9%

Consumer Defensive

PID
6.0%
RSP
6.5%

Basic Materials

PID
3.4%
RSP
4.1%

Real Estate

PID
0.4%
RSP
6.0%

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Invesco International Dividend Achievers™ ETF

Invesco S&P 500 Equal Weight ETF

Often compared with PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. DWXPID vs. PSQPID vs. VYMIPID vs. DIM
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

Return for Risk

PID vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID
PID Risk / Return Rank: 4646
Overall Rank
PID Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
PID Sortino Ratio Rank: 5050
Sortino Ratio Rank
PID Omega Ratio Rank: 4747
Omega Ratio Rank
PID Calmar Ratio Rank: 4343
Calmar Ratio Rank
PID Martin Ratio Rank: 4444
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.

PID vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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.

PIDRSPDifference
Sharpe ratioReturn per unit of total volatility
1.66
1.70

-0.04

Sortino ratioReturn per unit of downside risk
2.46
2.47

-0.01

Omega ratioGain probability vs. loss probability

1.30

1.30

0.00

Calmar ratioReturn relative to maximum drawdown

2.16

2.49

-0.34

Martin ratioReturn relative to average drawdown

7.36

9.48

-2.12

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

PID vs. RSP - Sharpe Ratio Comparison

The current PID Sharpe Ratio is 1.66, which is comparable to the RSP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of PID 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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Sharpe Ratios by Period

PIDRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.70

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.52

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.65

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.57

-0.30

Drawdowns

PID vs. RSP - Drawdown Comparison

The maximum PID drawdown since its inception was -66.34%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for PID and RSP.

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Drawdown Indicators

PIDRSPDifference

Max Drawdown

Largest peak-to-trough decline

-66.34%

-59.92%

-6.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.47%

-7.85%

+0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-13.34%

-17.81%

+4.47%

Max Drawdown (5Y)

Largest decline over 5 years

-22.97%

-21.38%

-1.59%

Max Drawdown (10Y)

Largest decline over 10 years

-46.07%

-39.04%

-7.03%

Current Drawdown

Current decline from peak

-2.19%

-0.38%

-1.81%

Average Drawdown

Average peak-to-trough decline

-13.04%

-6.65%

-6.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

2.06%

+0.12%

Volatility

PID vs. RSP - Volatility Comparison

Invesco International Dividend Achievers™ ETF (PID) has a higher volatility of 2.75% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.56%. This indicates that PID'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

PIDRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.75%

2.56%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

7.62%

8.29%

-0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

9.70%

11.56%

-1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.97%

16.18%

-2.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.84%

18.35%

-0.51%

PID vs. RSP - Expense Ratio Comparison

PID has a 0.56% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

PID vs. RSP - Dividend Comparison

PID's dividend yield for the trailing twelve months is around 3.27%, more than RSP's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
PID
Invesco International Dividend Achievers™ ETF		3.27%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%
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

PID and RSP 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.

PID has higher volatility (2.75%) compared to RSP (2.56%). In terms of maximum drawdown, PID dropped -66.34% vs RSP's -59.92%.

On 10-year performance, RSP leads with 11.86% vs 8.80% for PID. 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 8.80%. 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 0.56% for PID.

PID has the higher dividend yield at 3.27%, compared with 1.49% for RSP.

PID is categorized as Global Equities, while RSP is S&P 500. PID tracks Nasdaq International Dividend Achievers (NR), while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.56% for PID and 0.20% for RSP.

RSP currently has the higher Sharpe Ratio (1.70 vs 1.66), 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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