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PLW vs. RSP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PLW vs. RSP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco 1-30 Laddered Treasury ETF (PLW) and Invesco S&P 500 Equal Weight ETF (RSP).

PLW and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLW is a passively managed fund by Invesco that tracks the performance of the Ryan/NASDAQ 1-30 Year Treasury Laddered Index. It was launched on Oct 11, 2007. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both PLW and RSP 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

PLW vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco 1-30 Laddered Treasury ETF (PLW) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

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PLW vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PLW
Invesco 1-30 Laddered Treasury ETF		-0.06%5.84%-2.95%3.31%-19.98%-3.76%12.55%10.00%-0.28%4.96%
RSP
Invesco S&P 500 Equal Weight ETF		0.62%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Returns By Period

In the year-to-date period, PLW achieves a -0.06% return, which is significantly lower than RSP's 0.62% return. Over the past 10 years, PLW has underperformed RSP with an annualized return of 0.10%, while RSP has yielded a comparatively higher 11.17% annualized return.

PLW

1D
0.15%
1M
-3.00%
YTD
-0.06%
6M
0.13%
1Y
1.84%
3Y*
0.38%
5Y*
-2.40%
10Y*
0.10%

RSP

1D
2.05%
1M
-5.97%
YTD
0.62%
6M
2.01%
1Y
12.65%
3Y*
11.72%
5Y*
7.81%
10Y*
11.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invesco 1-30 Laddered Treasury ETF

Invesco S&P 500 Equal Weight ETF

Often compared with PLW:
PLW vs. TLHPLW vs. IEFPLW vs. TLTPLW vs. RFLPLW vs. TMFPLW vs. EDVPLW vs. VGLT
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

PLW vs. RSP - Expense Ratio Comparison

PLW has a 0.25% expense ratio, which is higher than RSP's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

PLW
Invesco 1-30 Laddered Treasury ETF
RSP
Invesco S&P 500 Equal Weight ETF

Return for Risk

PLW vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PLW
PLW Risk / Return Rank: 1818
Overall Rank
PLW Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
PLW Sortino Ratio Rank: 1717
Sortino Ratio Rank
PLW Omega Ratio Rank: 1616
Omega Ratio Rank
PLW Calmar Ratio Rank: 2121
Calmar Ratio Rank
PLW Martin Ratio Rank: 1818
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4747
Overall Rank
RSP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 4545
Sortino Ratio Rank
RSP Omega Ratio Rank: 4646
Omega Ratio Rank
RSP Calmar Ratio Rank: 4747
Calmar Ratio Rank
RSP Martin Ratio Rank: 5555
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.

PLW vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco 1-30 Laddered Treasury ETF (PLW) 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.

PLWRSPDifference

Sharpe ratio

Return per unit of total volatility

0.25

0.74

-0.49

Sortino ratio

Return per unit of downside risk

0.39

1.15

-0.77

Omega ratio

Gain probability vs. loss probability

1.05

1.16

-0.12

Calmar ratio

Return relative to maximum drawdown

0.42

1.08

-0.67

Martin ratio

Return relative to average drawdown

0.97

4.89

-3.92

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

PLW vs. RSP - Sharpe Ratio Comparison

The current PLW Sharpe Ratio is 0.25, which is lower than the RSP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of PLW and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PLWRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.25

0.74

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.24

0.48

-0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.01

0.61

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.55

-0.23

Correlation

The correlation between PLW and RSP is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PLW vs. RSP - Dividend Comparison

PLW's dividend yield for the trailing twelve months is around 3.81%, more than RSP's 1.62% yield.

TTM20252024202320222021202020192018201720162015
PLW
Invesco 1-30 Laddered Treasury ETF		3.81%3.75%3.56%2.87%1.97%1.15%1.00%1.96%2.14%2.02%2.00%2.14%
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Drawdowns

PLW vs. RSP - Drawdown Comparison

The maximum PLW drawdown since its inception was -32.70%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for PLW and RSP.

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Drawdown Indicators

PLWRSPDifference

Max Drawdown

Largest peak-to-trough decline

-32.70%

-59.92%

+27.22%

Max Drawdown (1Y)

Largest decline over 1 year

-5.83%

-12.54%

+6.71%

Max Drawdown (5Y)

Largest decline over 5 years

-28.30%

-21.38%

-6.92%

Max Drawdown (10Y)

Largest decline over 10 years

-32.70%

-39.04%

+6.34%

Current Drawdown

Current decline from peak

-22.00%

-5.97%

-16.03%

Average Drawdown

Average peak-to-trough decline

-9.53%

-6.69%

-2.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.78%

-0.27%

Volatility

PLW vs. RSP - Volatility Comparison

The current volatility for Invesco 1-30 Laddered Treasury ETF (PLW) is 2.69%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.47%. This indicates that PLW experiences smaller price fluctuations and is considered to be less risky 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

PLWRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

4.47%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

4.43%

8.83%

-4.40%

Volatility (1Y)

Calculated over the trailing 1-year period

7.53%

17.17%

-9.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.85%

16.20%

-6.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.11%

18.36%

-9.25%