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RSP vs. EQAL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RSP vs. EQAL

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight ETF (RSP) and Invesco Russell 1000 Equal Weight ETF (EQAL).

RSP and EQAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. Both RSP and EQAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RSP vs. EQAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight ETF (RSP) and Invesco Russell 1000 Equal Weight ETF (EQAL). The values are adjusted to include any dividend payments, if applicable.

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RSP vs. EQAL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSP
Invesco S&P 500 Equal Weight ETF		0.94%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%
EQAL
Invesco Russell 1000 Equal Weight ETF		5.48%11.05%11.38%11.98%-13.49%23.14%16.57%24.54%-9.22%17.36%

Returns By Period

In the year-to-date period, RSP achieves a 0.94% return, which is significantly lower than EQAL's 5.48% return. Over the past 10 years, RSP has outperformed EQAL with an annualized return of 11.21%, while EQAL has yielded a comparatively lower 10.39% annualized return.

RSP

1D
0.32%
1M
-5.49%
YTD
0.94%
6M
2.11%
1Y
12.90%
3Y*
11.84%
5Y*
7.88%
10Y*
11.21%

EQAL

1D
0.31%
1M
-4.00%
YTD
5.48%
6M
6.68%
1Y
18.85%
3Y*
12.43%
5Y*
6.80%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Equal Weight ETF

Invesco Russell 1000 Equal Weight ETF

Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW
Often compared with EQAL:
EQAL vs. IWBEQAL vs. SPYEQAL vs. IWMEQAL vs. XLGEQAL vs. FSPGXEQAL vs. VONGEQAL vs. EQQQ.DE

RSP vs. EQAL - Expense Ratio Comparison

Both RSP and EQAL 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%.

RSP
Invesco S&P 500 Equal Weight ETF
EQAL
Invesco Russell 1000 Equal Weight ETF

Return for Risk

RSP vs. EQAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSP
RSP Risk / Return Rank: 4141
Overall Rank
RSP Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 3939
Sortino Ratio Rank
RSP Omega Ratio Rank: 4040
Omega Ratio Rank
RSP Calmar Ratio Rank: 3939
Calmar Ratio Rank
RSP Martin Ratio Rank: 4747
Martin Ratio Rank
EQAL
EQAL Risk / Return Rank: 5757
Overall Rank
EQAL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EQAL Sortino Ratio Rank: 5858
Sortino Ratio Rank
EQAL Omega Ratio Rank: 5858
Omega Ratio Rank
EQAL Calmar Ratio Rank: 5151
Calmar Ratio Rank
EQAL Martin Ratio Rank: 6262
Martin Ratio Rank
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.

RSP vs. EQAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and Invesco Russell 1000 Equal Weight ETF (EQAL). 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.

RSPEQALDifference

Sharpe ratio

Return per unit of total volatility

0.75

1.05

-0.29

Sortino ratio

Return per unit of downside risk

1.17

1.54

-0.37

Omega ratio

Gain probability vs. loss probability

1.17

1.23

-0.06

Calmar ratio

Return relative to maximum drawdown

1.04

1.41

-0.37

Martin ratio

Return relative to average drawdown

4.64

6.59

-1.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSP vs. EQAL - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 0.75, which is comparable to the EQAL Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of RSP and EQAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RSPEQALDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

1.05

-0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.40

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.55

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.48

+0.07

Correlation

The correlation between RSP and EQAL is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RSP vs. EQAL - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.62%, less than EQAL's 1.75% yield.

TTM20252024202320222021202020192018201720162015
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%
EQAL
Invesco Russell 1000 Equal Weight ETF		1.75%1.79%1.62%1.88%1.95%1.32%1.63%1.61%1.62%1.18%1.57%1.64%

Drawdowns

RSP vs. EQAL - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, which is greater than EQAL's maximum drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for RSP and EQAL.

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Drawdown Indicators

RSPEQALDifference

Max Drawdown

Largest peak-to-trough decline

-59.92%

-40.44%

-19.48%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-13.61%

+1.07%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-21.79%

+0.41%

Max Drawdown (10Y)

Largest decline over 10 years

-39.04%

-40.44%

+1.40%

Current Drawdown

Current decline from peak

-5.66%

-4.00%

-1.66%

Average Drawdown

Average peak-to-trough decline

-6.69%

-5.15%

-1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

2.91%

-0.11%

Volatility

RSP vs. EQAL - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 4.40%, while Invesco Russell 1000 Equal Weight ETF (EQAL) has a volatility of 4.75%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than EQAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSPEQALDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

4.75%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

8.84%

9.52%

-0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

17.16%

18.05%

-0.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.20%

17.29%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.36%

18.89%

-0.53%