PSL vs. RSPS

Last updated Jun 25, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) and RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) are both exchange-traded funds - PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC. Both are passively managed. Over the past 10 years, PSL returned 8.21%/yr vs 4.58%/yr for RSPS. A 0.71 correlation means they provide meaningful diversification when combined. PSL charges 0.60%/yr vs 0.40%/yr for RSPS.

Performance

PSL vs. RSPS - Performance Comparison

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

Returns By Period

In the year-to-date period, PSL achieves a 11.21% return, which is significantly higher than RSPS's 6.03% return. Over the past 10 years, PSL has outperformed RSPS with an annualized return of 8.21%, while RSPS has yielded a comparatively lower 4.58% annualized return.

PSL

• 1D: 0.43%
• 1M: 0.21%
• YTD: 11.21%
• 6M: 9.38%
• 1Y: 1.20%
• 3Y*: 9.94%
• 5Y*: 4.59%
• 10Y*: 8.21%

RSPS

• 1D: 1.37%
• 1M: 1.68%
• YTD: 6.03%
• 6M: 5.43%
• 1Y: 3.68%
• 3Y*: -0.40%
• 5Y*: 1.52%
• 10Y*: 4.58%

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

PSL vs. RSPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSL Invesco DWA Consumer Staples Momentum ETF	11.21%	-3.47%	15.42%	12.32%	-7.76%	6.88%	18.15%	14.16%	0.92%	21.82%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	6.03%	-0.88%	-1.47%	-5.39%	2.88%	14.68%	6.19%	28.17%	-10.86%	14.20%

Correlation

The correlation between PSL and RSPS is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.71

The correlation between PSL and RSPS has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

PSL vs. RSPS - Sectors Allocation Comparison

Sectors	PSL	RSPS
Consumer Defensive	86.3%	97.1%
Consumer Cyclical	10.6%	2.9%
Financial Services	1.8%	0.0%
Industrials	1.4%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PSL vs. RSPS — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 10
PSL Sharpe Ratio Rank: 10
PSL Sortino Ratio Rank: 9
PSL Omega Ratio Rank: 9
PSL Calmar Ratio Rank: 10
PSL Martin Ratio Rank: 10

RSPS

RSPS Risk / Return Rank: 12
RSPS Sharpe Ratio Rank: 13
RSPS Sortino Ratio Rank: 12
RSPS Omega Ratio Rank: 11
RSPS Calmar Ratio Rank: 12
RSPS Martin Ratio Rank: 11

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.

PSL vs. RSPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS). 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.

	PSL	RSPS	Difference
Sharpe ratio: Return per unit of total volatility	0.09	0.26	-0.17
Sortino ratio: Return per unit of downside risk	0.21	0.47	-0.26
Omega ratio: Gain probability vs. loss probability	1.03	1.05	-0.03
Calmar ratio: Return relative to maximum drawdown	0.09	0.32	-0.23
Martin ratio: Return relative to average drawdown	0.19	0.57	-0.38

PSL vs. RSPS - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is 0.09, which is lower than the RSPS Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of PSL and RSPS, 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

PSL vs. RSPS - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, which is greater than RSPS's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for PSL and RSPS.

Drawdown Indicators

	PSL	RSPS	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-35.93%	-5.65%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-11.72%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-16.53%	+2.89%
Max Drawdown (5Y) Largest decline over 5 years	-19.45%	-18.61%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.67%	-25.42%	-9.25%
Current Drawdown Current decline from peak	-4.60%	-7.43%	+2.83%
Average Drawdown Average peak-to-trough decline	-5.81%	-5.06%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	6.45%	-0.25%

Volatility

PSL vs. RSPS - Volatility Comparison

The current volatility for Invesco DWA Consumer Staples Momentum ETF (PSL) is 4.44%, while Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a volatility of 5.44%. This indicates that PSL experiences smaller price fluctuations and is considered to be less risky than RSPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSL	RSPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	5.44%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	10.96%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	14.08%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	13.71%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	14.92%	+1.59%

PSL vs. RSPS - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is higher than RSPS's 0.40% expense ratio.

Dividends

PSL vs. RSPS - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.75%, less than RSPS's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSL Invesco DWA Consumer Staples Momentum ETF	0.75%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	2.93%	2.82%	2.86%	2.78%	2.31%	2.07%	2.14%	2.12%	2.43%	1.90%	1.76%	1.77%

Frequently Asked Questions

Can I hold both PSL and RSPS in my portfolio?

PSL and RSPS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSL or RSPS?

RSPS has higher volatility (5.44%) compared to PSL (4.44%). In terms of maximum drawdown, PSL dropped -41.58% vs RSPS's -35.93%.

Which ETF is better, PSL or RSPS?

On 10-year performance, PSL leads with 8.21% vs 4.58% for RSPS. On fees, RSPS is cheaper at 0.40% per year. On volatility, PSL has been the lower-risk option at 4.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSL or RSPS?

Over the 10-year period, PSL has performed better with a 8.21% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSL or RSPS?

RSPS is cheaper with a 0.40% expense ratio, compared with 0.60% for PSL.

Which ETF pays a higher dividend yield, PSL or RSPS?

RSPS has the higher dividend yield at 2.93%, compared with 0.75% for PSL.

What is the main difference between PSL and RSPS?

PSL is categorized as Momentum, while RSPS is Consumer Staples Equities. PSL tracks DWA Consumer Staples Technical Leaders Index, while RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC. Their fees differ too: 0.60% for PSL and 0.40% for RSPS.

Which has better risk-adjusted returns?

RSPS currently has the higher Sharpe Ratio (0.26 vs 0.09), 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.