POWA vs. RSP

Last updated Aug 4, 2026

POWA (Invesco Bloomberg Pricing Power ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - POWA is a Large Cap Blend Equities fund tracking the Bloomberg Pricing Power 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, POWA returned 10.26%/yr vs 11.89%/yr for RSP. Their correlation of 0.82 means they have usually moved in the same direction. POWA charges 0.40%/yr vs 0.20%/yr for RSP.

Performance

POWA vs. RSP - Performance Comparison

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

Returns By Period

In the year-to-date period, POWA achieves a 1.81% return, which is significantly lower than RSP's 14.26% return. Over the past 10 years, POWA has underperformed RSP with an annualized return of 10.26%, while RSP has yielded a comparatively higher 11.89% annualized return.

POWA

• 1D: 0.81%
• 1M: 2.31%
• 6M: -1.06%
• YTD: 1.81%
• 1Y: 5.70%
• 3Y*: 11.26%
• 5Y*: 7.24%
• 10Y*: 10.26%
• ALL TIME*: 8.69%

RSP

• 1D: 0.98%
• 1M: 1.02%
• 6M: 9.94%
• YTD: 14.26%
• 1Y: 21.56%
• 3Y*: 14.65%
• 5Y*: 9.15%
• 10Y*: 11.89%
• ALL TIME*: 11.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
POWA Invesco Bloomberg Pricing Power ETF	$275.81K	$326.17K	$415.64K
RSP Invesco S&P 500 Equal Weight ETF	$1.90B	$1.83B	$2.07B

POWA vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POWA Invesco Bloomberg Pricing Power ETF	1.81%	11.71%	13.18%	10.58%	-7.67%	24.93%	7.61%	27.98%	-3.96%	21.52%
RSP Invesco S&P 500 Equal Weight ETF	14.26%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Correlation

The correlation between POWA and RSP is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Dec 15, 2006	0.82

The correlation between POWA and RSP has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

POWA vs. RSP - Sectors Allocation Comparison

Sectors	POWA	RSP
Technology	23.0%	16.9%
Industrials	19.6%	14.6%
Consumer Defensive	17.9%	6.2%
Healthcare	17.4%	11.8%
Consumer Cyclical	16.1%	9.5%
Communication Services	2.1%	3.3%
Real Estate	2.0%	6.0%
Financial Services	1.9%	14.8%
Basic Materials	-	4.6%
Energy	-	4.2%
Utilities	-	6.6%

Return for Risk

POWA vs. RSP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

POWA

POWA Risk / Return Rank: 20
POWA Sharpe Ratio Rank: 21
POWA Sortino Ratio Rank: 21
POWA Omega Ratio Rank: 19
POWA Calmar Ratio Rank: 20
POWA Martin Ratio Rank: 20

RSP

RSP Risk / Return Rank: 79
RSP Sharpe Ratio Rank: 80
RSP Sortino Ratio Rank: 81
RSP Omega Ratio Rank: 77
RSP Calmar Ratio Rank: 77
RSP Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

POWA vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Pricing Power ETF (POWA) 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.

	POWA	RSP	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.85	-1.38
Sortino ratio: Return per unit of downside risk	0.79	2.68	-1.90
Omega ratio: Gain probability vs. loss probability	1.09	1.33	-0.24
Calmar ratio: Return relative to maximum drawdown	0.59	2.76	-2.17
Martin ratio: Return relative to average drawdown	1.35	10.69	-9.34

POWA vs. RSP - Sharpe Ratio Comparison

The current POWA Sharpe Ratio is 0.47, which is lower than the RSP Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of POWA 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.

Drawdowns

POWA vs. RSP - Drawdown Comparison

The maximum POWA drawdown since its inception was -47.91%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for POWA and RSP.

Drawdown Indicators

	POWA	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-47.91%	-59.92%	+12.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-7.85%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-17.81%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-21.38%	+3.63%
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	-39.04%	+2.51%
Current Drawdown Current decline from peak	-2.51%	-0.27%	-2.24%
Average Drawdown Average peak-to-trough decline	-6.23%	-6.61%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	2.02%	+2.23%

Volatility

POWA vs. RSP - Volatility Comparison

Invesco Bloomberg Pricing Power ETF (POWA) has a higher volatility of 4.01% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.96%. This indicates that POWA'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.

Volatility by Period

	POWA	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.96%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	8.63%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.12%	11.72%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	16.17%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	18.29%	-2.21%

POWA vs. RSP - Expense Ratio Comparison

POWA has a 0.40% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

POWA vs. RSP - Dividend Comparison

POWA's dividend yield for the trailing twelve months is around 0.92%, less than RSP's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POWA Invesco Bloomberg Pricing Power ETF	0.92%	0.94%	0.79%	1.60%	1.48%	1.06%	1.34%	1.16%	1.39%	1.63%	2.18%	3.31%
RSP Invesco S&P 500 Equal Weight ETF	1.48%	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

Can I hold both POWA and RSP in my portfolio?

POWA and RSP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POWA or RSP?

POWA has higher volatility (4.01%) compared to RSP (2.96%). In terms of maximum drawdown, POWA dropped -47.91% vs RSP's -59.92%.

Which ETF is better, POWA or RSP?

On 10-year performance, RSP leads with 11.89% vs 10.26% for POWA. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POWA or RSP?

Over the 10-year period, RSP has performed better with a 11.89% return vs 10.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POWA or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.40% for POWA.

Which ETF pays a higher dividend yield, POWA or RSP?

RSP has the higher dividend yield at 1.48%, compared with 0.92% for POWA.

What is the main difference between POWA and RSP?

POWA is categorized as Large Cap Blend Equities, while RSP is S&P 500. POWA tracks Bloomberg Pricing Power Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for POWA and 0.20% for RSP.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.85 vs 0.47), 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.