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RSP vs. GOOGL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSP vs. GOOGL

Last updated Jun 14, 2026

RSP (Invesco S&P 500 Equal Weight ETF) is S&P 500 fund tracking the S&P 500 Equal Weight Index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, RSP returned 12.15%/yr vs 25.76%/yr for GOOGL. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

RSP vs. GOOGL - Performance Comparison

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

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Returns By Period

In the year-to-date period, RSP achieves a 10.96% return, which is significantly lower than GOOGL's 15.06% return. Over the past 10 years, RSP has underperformed GOOGL with an annualized return of 12.15%, while GOOGL has yielded a comparatively higher 25.76% annualized return.

RSP

1D
0.91%
1M
3.92%
YTD
10.96%
6M
10.34%
1Y
21.34%
3Y*
14.66%
5Y*
8.59%
10Y*
12.15%

GOOGL

1D
0.53%
1M
-10.27%
YTD
15.06%
6M
16.44%
1Y
106.51%
3Y*
43.10%
5Y*
24.46%
10Y*
25.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSP vs. GOOGL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSP
Invesco S&P 500 Equal Weight ETF		10.96%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%
GOOGL
Alphabet Inc. Class A		15.06%65.99%36.01%58.32%-39.09%65.30%30.85%28.18%-0.80%32.93%

Correlation

The correlation between RSP and GOOGL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Aug 19, 2004

0.53

Over the past year, the correlation between RSP and GOOGL has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Invesco S&P 500 Equal Weight ETF

Alphabet Inc. Class A

Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW
Often compared with GOOGL:
GOOGL vs. GOOGGOOGL vs. MSFTGOOGL vs. AAPLGOOGL vs. VOOGOOGL vs. SPYGOOGL vs. VGTGOOGL vs. AMZN

Return for Risk

RSP vs. GOOGL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSP
RSP Risk / Return Rank: 5858
Overall Rank
RSP Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 5959
Sortino Ratio Rank
RSP Omega Ratio Rank: 5454
Omega Ratio Rank
RSP Calmar Ratio Rank: 5959
Calmar Ratio Rank
RSP Martin Ratio Rank: 6262
Martin Ratio Rank
GOOGL
GOOGL Risk / Return Rank: 9696
Overall Rank
GOOGL Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GOOGL Sortino Ratio Rank: 9898
Sortino Ratio Rank
GOOGL Omega Ratio Rank: 9696
Omega Ratio Rank
GOOGL Calmar Ratio Rank: 9393
Calmar Ratio Rank
GOOGL Martin Ratio Rank: 9595
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. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and Alphabet Inc. Class A (GOOGL). 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.

RSPGOOGLDifference
Sharpe ratioReturn per unit of total volatility
1.69
3.62

-1.93

Sortino ratioReturn per unit of downside risk
2.44
4.92

-2.47

Omega ratioGain probability vs. loss probability

1.29

1.59

-0.30

Calmar ratioReturn relative to maximum drawdown

2.54

5.20

-2.66

Martin ratioReturn relative to average drawdown

9.63

18.48

-8.85

RSP vs. GOOGL - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.69, which is lower than the GOOGL Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of RSP and GOOGL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RSP vs. GOOGL - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for RSP and GOOGL.

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Drawdown Indicators

RSPGOOGLDifference

Max Drawdown

Largest peak-to-trough decline

-59.92%

-65.29%

+5.37%

Max Drawdown (1Y)

Largest decline over 1 year

-7.85%

-20.37%

+12.52%

Max Drawdown (3Y)

Largest decline over 3 years

-17.81%

-29.81%

+12.00%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-44.32%

+22.94%

Max Drawdown (10Y)

Largest decline over 10 years

-39.04%

-44.32%

+5.28%

Current Drawdown

Current decline from peak

0.00%

-10.61%

+10.61%

Average Drawdown

Average peak-to-trough decline

-6.64%

-13.01%

+6.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

5.72%

-3.65%

Volatility

RSP vs. GOOGL - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 3.57%, while Alphabet Inc. Class A (GOOGL) has a volatility of 7.24%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSPGOOGLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

7.24%

-3.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

20.82%

-12.23%

Volatility (1Y)

Calculated over the trailing 1-year period

11.83%

29.31%

-17.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.22%

31.33%

-15.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.36%

29.13%

-10.77%

Dividends

RSP vs. GOOGL - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.47%, more than GOOGL's 0.24% yield.

PositionTTM20252024202320222021202020192018201720162015
GOOGL
Alphabet Inc. Class A		0.24%0.27%0.32%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		1.47%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

RSP and GOOGL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GOOGL has higher volatility (7.24%) compared to RSP (3.57%). In terms of maximum drawdown, RSP dropped -59.92% vs GOOGL's -65.29%.

GOOGL currently has the higher Sharpe Ratio (3.62 vs 1.69), 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.

Portfolio Optimizer

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