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RSP vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSP vs. IYH

Last updated Jun 16, 2026

RSP (Invesco S&P 500 Equal Weight ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, RSP returned 12.18%/yr vs 9.63%/yr for IYH. A 0.73 correlation means they provide meaningful diversification when combined. RSP charges 0.20%/yr vs 0.43%/yr for IYH.

Performance

RSP vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight ETF (RSP) and iShares U.S. Healthcare ETF (IYH). 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 11.61% return, which is significantly higher than IYH's -1.10% return. Over the past 10 years, RSP has outperformed IYH with an annualized return of 12.18%, while IYH has yielded a comparatively lower 9.63% annualized return.

RSP

1D
0.58%
1M
5.62%
YTD
11.61%
6M
10.84%
1Y
22.05%
3Y*
14.55%
5Y*
8.93%
10Y*
12.18%

IYH

1D
-0.46%
1M
5.37%
YTD
-1.10%
6M
-1.60%
1Y
14.30%
3Y*
6.09%
5Y*
4.89%
10Y*
9.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSP vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSP
Invesco S&P 500 Equal Weight ETF		11.61%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%
IYH
iShares U.S. Healthcare ETF		-1.10%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%

Correlation

The correlation between RSP and IYH is 0.56, 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

0.56

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

0.63

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

0.67

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

0.69

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2003

0.73

The correlation between RSP and IYH shifts across timeframes, from 0.56 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

RSP vs. IYH - Sectors Allocation Comparison

Sectors
RSP
IYH

Technology

20.9%

-

Industrials

14.2%

-

Financial Services

13.9%

-

Healthcare

11.1%
100.0%

Consumer Cyclical

10.0%

-

Consumer Defensive

6.4%

-

Real Estate

6.1%

-

Utilities

5.7%

-

Energy

4.0%

-

Basic Materials

3.9%

-

Communication Services

3.9%

-

Technology

RSP
20.9%
IYH

-

Industrials

RSP
14.2%
IYH

-

Financial Services

RSP
13.9%
IYH

-

Healthcare

RSP
11.1%
IYH
100.0%

Consumer Cyclical

RSP
10.0%
IYH

-

Consumer Defensive

RSP
6.4%
IYH

-

Real Estate

RSP
6.1%
IYH

-

Utilities

RSP
5.7%
IYH

-

Energy

RSP
4.0%
IYH

-

Basic Materials

RSP
3.9%
IYH

-

Communication Services

RSP
3.9%
IYH

-

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

iShares U.S. Healthcare ETF

Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB

Return for Risk

RSP vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSP
RSP Risk / Return Rank: 6363
Overall Rank
RSP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 6666
Sortino Ratio Rank
RSP Omega Ratio Rank: 6060
Omega Ratio Rank
RSP Calmar Ratio Rank: 6262
Calmar Ratio Rank
RSP Martin Ratio Rank: 6565
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2929
Overall Rank
IYH Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3030
Sortino Ratio Rank
IYH Omega Ratio Rank: 2727
Omega Ratio Rank
IYH Calmar Ratio Rank: 3030
Calmar Ratio Rank
IYH Martin Ratio Rank: 2626
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. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and iShares U.S. Healthcare ETF (IYH). 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.

RSPIYHDifference
Sharpe ratioReturn per unit of total volatility
1.88
0.95

+0.93

Sortino ratioReturn per unit of downside risk
2.71
1.53

+1.17

Omega ratioGain probability vs. loss probability

1.33

1.17

+0.16

Calmar ratioReturn relative to maximum drawdown

2.82

1.35

+1.47

Martin ratioReturn relative to average drawdown

10.69

3.21

+7.47

RSP vs. IYH - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.88, which is higher than the IYH Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of RSP and IYH, 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. IYH - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for RSP and IYH.

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Drawdown Indicators

RSPIYHDifference

Max Drawdown

Largest peak-to-trough decline

-59.92%

-43.12%

-16.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.85%

-10.64%

+2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-17.81%

-17.91%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-17.91%

-3.47%

Max Drawdown (10Y)

Largest decline over 10 years

-39.04%

-28.40%

-10.64%

Current Drawdown

Current decline from peak

0.00%

-4.38%

+4.38%

Average Drawdown

Average peak-to-trough decline

-6.64%

-8.96%

+2.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

4.46%

-2.39%

Volatility

RSP vs. IYH - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 3.59%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 4.97%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSPIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

4.97%

-1.38%

Volatility (6M)

Calculated over the trailing 6-month period

8.58%

10.61%

-2.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.79%

15.11%

-3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.23%

14.97%

+1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.37%

16.75%

+1.62%

RSP vs. IYH - Expense Ratio Comparison

RSP has a 0.20% expense ratio, which is lower than IYH's 0.43% expense ratio.

Dividends

RSP vs. IYH - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.46%, less than IYH's 1.51% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.51%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
RSP
Invesco S&P 500 Equal Weight ETF		1.46%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 IYH have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYH has higher volatility (4.97%) compared to RSP (3.59%). In terms of maximum drawdown, RSP dropped -59.92% vs IYH's -43.12%.

On 10-year performance, RSP leads with 12.18% vs 9.63% for IYH. 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.

Over the 10-year period, RSP has performed better with a 12.18% return vs 9.63%. 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 0.43% for IYH.

IYH has the higher dividend yield at 1.51%, compared with 1.46% for RSP.

RSP is categorized as S&P 500, while IYH is Health & Biotech Equities. RSP tracks S&P 500 Equal Weight Index, while IYH tracks Dow Jones U.S. Health Care Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for RSP and 0.43% for IYH.

RSP currently has the higher Sharpe Ratio (1.88 vs 0.95), 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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