QQLV vs. RSP
QQLV (Invesco QQQ Low Volatility ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - QQLV is a Large Cap Blend Equities fund tracking the Nasdaq Low Volatility Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, QQLV returned -1.95% vs 19.50% for RSP. A 0.71 correlation means they provide meaningful diversification when combined. QQLV charges 0.25%/yr vs 0.20%/yr for RSP.
Performance
QQLV vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, QQLV achieves a 1.94% return, which is significantly lower than RSP's 9.70% return.
QQLV
- 1D
- -0.03%
- 1M
- -0.15%
- YTD
- 1.94%
- 6M
- 1.06%
- 1Y
- -1.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSP
- 1D
- -0.38%
- 1M
- 3.77%
- YTD
- 9.70%
- 6M
- 10.18%
- 1Y
- 19.50%
- 3Y*
- 15.23%
- 5Y*
- 8.33%
- 10Y*
- 11.86%
QQLV vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 1.94% | 4.19% | -5.60% |
RSP Invesco S&P 500 Equal Weight ETF | 9.70% | 11.21% | -5.63% |
Correlation
The correlation between QQLV and RSP is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.71 |
The correlation between QQLV and RSP has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
QQLV vs. RSP — Risk / Return Rank
QQLV
RSP
QQLV vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.
| QQLV | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.49 | -2.76 |
| Martin ratioReturn relative to average drawdown | -0.52 | 9.48 | -10.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQLV | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 1.70 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.57 | -0.55 |
Drawdowns
QQLV vs. RSP - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for QQLV and RSP.
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Drawdown Indicators
| QQLV | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -59.92% | +50.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -7.85% | +0.50% |
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 DrawdownCurrent decline from peak | -3.61% | -0.38% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -6.65% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.06% | +1.67% |
Volatility
QQLV vs. RSP - Volatility Comparison
Invesco QQQ Low Volatility ETF (QQLV) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 2.66% and 2.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQLV | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.56% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 8.29% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 11.56% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 16.18% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 18.35% | -5.65% |
QQLV vs. RSP - Expense Ratio Comparison
QQLV 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
QQLV vs. RSP - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.06%, more than RSP's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 2.06% | 1.84% | 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 | 1.49% | 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
QQLV and RSP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQLV has higher volatility (2.66%) compared to RSP (2.56%). In terms of maximum drawdown, QQLV dropped -9.54% vs RSP's -59.92%.
On 1-year performance, RSP leads with 19.50% vs -1.95% for QQLV. On fees, RSP is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RSP has performed better with a 19.50% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSP is cheaper with a 0.20% expense ratio, compared with 0.25% for QQLV.
QQLV has the higher dividend yield at 2.06%, compared with 1.49% for RSP.
QQLV is categorized as Large Cap Blend Equities, while RSP is S&P 500. QQLV tracks Nasdaq Low Volatility Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.25% for QQLV and 0.20% for RSP.
RSP currently has the higher Sharpe Ratio (1.70 vs -0.19), 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.
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