QDIV vs. RSP

Last updated Jun 24, 2026

QDIV (Global X S&P 500 Quality Dividend ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, QDIV returned 6.89%/yr vs 8.63%/yr for RSP. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

QDIV vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Quality Dividend ETF (QDIV) 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, QDIV achieves a 7.99% return, which is significantly lower than RSP's 9.94% return.

QDIV

• 1D: 0.71%
• 1M: -0.97%
• YTD: 7.99%
• 6M: 7.73%
• 1Y: 13.66%
• 3Y*: 9.64%
• 5Y*: 6.89%
• 10Y*: —

RSP

• 1D: -0.34%
• 1M: 1.51%
• YTD: 9.94%
• 6M: 9.07%
• 1Y: 18.97%
• 3Y*: 14.87%
• 5Y*: 8.63%
• 10Y*: 12.23%

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

QDIV vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QDIV Global X S&P 500 Quality Dividend ETF	7.99%	3.16%	10.62%	5.18%	-0.50%	28.99%	0.03%	29.00%	-12.20%
RSP Invesco S&P 500 Equal Weight ETF	9.94%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-11.15%

Correlation

The correlation between QDIV and RSP is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 17, 2018	0.88

The correlation between QDIV and RSP has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

QDIV vs. RSP - Sectors Allocation Comparison

Sectors	QDIV	RSP
Consumer Defensive	22.0%	6.4%
Industrials	16.3%	14.2%
Healthcare	14.4%	11.1%
Energy	11.5%	4.0%
Technology	10.0%	20.9%
Basic Materials	8.6%	3.9%
Financial Services	7.0%	13.9%
Consumer Cyclical	6.7%	10.0%
Communication Services	3.5%	3.9%
Real Estate	-	6.1%
Utilities	-	5.7%

Return for Risk

QDIV vs. RSP — Risk / Return Rank

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

QDIV

QDIV Risk / Return Rank: 33
QDIV Sharpe Ratio Rank: 33
QDIV Sortino Ratio Rank: 35
QDIV Omega Ratio Rank: 31
QDIV Calmar Ratio Rank: 36
QDIV Martin Ratio Rank: 31

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 45
RSP Calmar Ratio Rank: 51
RSP Martin Ratio Rank: 54

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.

QDIV vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quality Dividend ETF (QDIV) 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.

	QDIV	RSP	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.62	-0.47
Sortino ratio: Return per unit of downside risk	1.77	2.34	-0.57
Omega ratio: Gain probability vs. loss probability	1.20	1.28	-0.08
Calmar ratio: Return relative to maximum drawdown	1.72	2.43	-0.71
Martin ratio: Return relative to average drawdown	4.31	9.17	-4.85

QDIV vs. RSP - Sharpe Ratio Comparison

The current QDIV Sharpe Ratio is 1.14, which is comparable to the RSP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of QDIV 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

QDIV vs. RSP - Drawdown Comparison

The maximum QDIV drawdown since its inception was -41.20%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for QDIV and RSP.

Drawdown Indicators

	QDIV	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-41.20%	-59.92%	+18.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-7.85%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-17.81%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-21.38%	+2.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-4.15%	-1.49%	-2.66%
Average Drawdown Average peak-to-trough decline	-5.53%	-6.64%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.07%	+1.10%

Volatility

QDIV vs. RSP - Volatility Comparison

The current volatility for Global X S&P 500 Quality Dividend ETF (QDIV) is 3.42%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 3.63%. This indicates that QDIV 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.

Volatility by Period

	QDIV	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.63%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	8.68%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	11.82%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	16.20%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	18.33%	+1.05%

QDIV vs. RSP - Expense Ratio Comparison

Both QDIV and RSP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QDIV vs. RSP - Dividend Comparison

QDIV's dividend yield for the trailing twelve months is around 3.00%, more than RSP's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QDIV Global X S&P 500 Quality Dividend ETF	3.00%	3.13%	2.88%	3.26%	3.02%	2.44%	3.06%	2.84%	1.30%	0.00%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.53%	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 QDIV and RSP in my portfolio?

QDIV and RSP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDIV or RSP?

RSP has higher volatility (3.63%) compared to QDIV (3.42%). In terms of maximum drawdown, QDIV dropped -41.20% vs RSP's -59.92%.

Which ETF is better, QDIV or RSP?

On 5-year performance, RSP leads with 8.63% vs 6.89% for QDIV. Both ETFs have the same 0.20% expense ratio. On volatility, QDIV has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDIV or RSP?

Over the 5-year period, RSP has performed better with a 8.63% return vs 6.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDIV or RSP?

QDIV and RSP have the same expense ratio: 0.20% per year.

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

QDIV has the higher dividend yield at 3.00%, compared with 1.53% for RSP.

What is the main difference between QDIV and RSP?

QDIV is categorized as Dividend, while RSP is S&P 500. QDIV tracks S&P 500 Quality High Dividend Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: Global X and Invesco.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.62 vs 1.14), 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.