QETH vs. RSP

Last updated Jun 25, 2026

QETH (Invesco Galaxy Ethereum ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - QETH is a Cryptocurrency fund actively managed by Invesco, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. QETH is actively managed, while RSP is passively managed. Over the past year, QETH returned -35.24% vs 18.70% for RSP. At a 0.42 correlation, their price movements are largely independent. QETH charges 0.25%/yr vs 0.20%/yr for RSP.

Performance

QETH vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Ethereum ETF (QETH) 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, QETH achieves a -46.74% return, which is significantly lower than RSP's 10.72% return.

QETH

• 1D: -4.60%
• 1M: -23.32%
• YTD: -46.74%
• 6M: -46.14%
• 1Y: -35.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSP

• 1D: 0.71%
• 1M: 2.23%
• YTD: 10.72%
• 6M: 9.45%
• 1Y: 18.70%
• 3Y*: 15.14%
• 5Y*: 8.63%
• 10Y*: 12.31%

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

QETH vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QETH Invesco Galaxy Ethereum ETF	-46.74%	-11.44%	-5.03%
RSP Invesco S&P 500 Equal Weight ETF	10.72%	11.21%	4.01%

Correlation

The correlation between QETH and RSP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.42

Return for Risk

QETH vs. RSP — Risk / Return Rank

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

QETH

QETH Risk / Return Rank: 5
QETH Sharpe Ratio Rank: 5
QETH Sortino Ratio Rank: 6
QETH Omega Ratio Rank: 6
QETH Calmar Ratio Rank: 5
QETH Martin Ratio Rank: 5

RSP

RSP Risk / Return Rank: 52
RSP Sharpe Ratio Rank: 51
RSP Sortino Ratio Rank: 53
RSP Omega Ratio Rank: 48
RSP Calmar Ratio Rank: 54
RSP Martin Ratio Rank: 56

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.

QETH vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) 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.

	QETH	RSP	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.59	-2.11
Sortino ratio: Return per unit of downside risk	-0.41	2.31	-2.72
Omega ratio: Gain probability vs. loss probability	0.95	1.28	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.52	2.39	-2.92
Martin ratio: Return relative to average drawdown	-0.87	9.03	-9.90

QETH vs. RSP - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is -0.51, which is lower than the RSP Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of QETH 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

QETH vs. RSP - Drawdown Comparison

The maximum QETH drawdown since its inception was -67.51%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for QETH and RSP.

Drawdown Indicators

	QETH	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-67.51%	-59.92%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-67.51%	-7.85%	-59.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-67.36%	-0.79%	-66.57%
Average Drawdown Average peak-to-trough decline	-33.78%	-6.64%	-27.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.63%	2.08%	+38.55%

Volatility

QETH vs. RSP - Volatility Comparison

Invesco Galaxy Ethereum ETF (QETH) has a higher volatility of 19.78% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.59%. This indicates that QETH'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

	QETH	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.78%	3.59%	+16.19%
Volatility (6M) Calculated over the trailing 6-month period	46.49%	8.69%	+37.80%
Volatility (1Y) Calculated over the trailing 1-year period	69.13%	11.81%	+57.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.39%	16.20%	+56.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.39%	18.33%	+54.06%

QETH vs. RSP - Expense Ratio Comparison

QETH 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%.

Dividends

QETH vs. RSP - Dividend Comparison

QETH has not paid dividends to shareholders, while RSP's dividend yield for the trailing twelve months is around 1.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QETH Invesco Galaxy Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.52%	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 QETH and RSP in my portfolio?

QETH and RSP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QETH or RSP?

QETH has higher volatility (19.78%) compared to RSP (3.59%). In terms of maximum drawdown, QETH dropped -67.51% vs RSP's -59.92%.

Which ETF is better, QETH or RSP?

On 1-year performance, RSP leads with 18.70% vs -35.24% for QETH. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QETH or RSP?

Over the 1-year period, RSP has performed better with a 18.70% return vs -35.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QETH or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.25% for QETH.

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

RSP has the higher dividend yield at 1.52%, compared with 0.00% for QETH.

What is the main difference between QETH and RSP?

QETH is categorized as Cryptocurrency, while RSP is S&P 500. Their fees differ too: 0.25% for QETH and 0.20% for RSP.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.59 vs -0.51), 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.