RSP vs. SPSB
RSP (Invesco S&P 500 Equal Weight ETF) and SPSB (SPDR Portfolio Short Term Corporate Bond ETF) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while SPSB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, RSP returned 12.15%/yr vs 2.63%/yr for SPSB. At a 0.09 correlation, their price movements are largely independent. RSP charges 0.20%/yr vs 0.07%/yr for SPSB.
Performance
RSP vs. SPSB - Performance Comparison
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Returns By Period
In the year-to-date period, RSP achieves a 10.96% return, which is significantly higher than SPSB's 1.01% return. Over the past 10 years, RSP has outperformed SPSB with an annualized return of 12.15%, while SPSB has yielded a comparatively lower 2.63% 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%
SPSB
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.01%
- 6M
- 1.34%
- 1Y
- 4.33%
- 3Y*
- 5.41%
- 5Y*
- 2.72%
- 10Y*
- 2.63%
RSP vs. SPSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 1.01% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 5.21% | 1.45% | 1.58% |
Correlation
The correlation between RSP and SPSB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2009 | 0.09 |
Over the past year, RSP and SPSB have become more correlated (0.35) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
RSP vs. SPSB — Risk / Return Rank
RSP
SPSB
RSP vs. SPSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.
| RSP | SPSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.72 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.94 | -2.40 |
| Martin ratioReturn relative to average drawdown | 9.63 | 22.91 | -13.28 |
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Drawdowns
RSP vs. SPSB - Drawdown Comparison
The maximum RSP drawdown since its inception was -59.92%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for RSP and SPSB.
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Drawdown Indicators
| RSP | SPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.92% | -11.75% | -48.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -0.87% | -6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | -0.87% | -16.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -5.96% | -15.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -11.75% | -27.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -0.54% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.19% | +1.88% |
Volatility
RSP vs. SPSB - Volatility Comparison
Invesco S&P 500 Equal Weight ETF (RSP) has a higher volatility of 3.57% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.38%. This indicates that RSP's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSP | SPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 0.38% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 0.95% | +7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 1.33% | +10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 1.99% | +14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 3.06% | +15.30% |
RSP vs. SPSB - Expense Ratio Comparison
RSP has a 0.20% expense ratio, which is higher than SPSB's 0.07% 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
RSP vs. SPSB - Dividend Comparison
RSP's dividend yield for the trailing twelve months is around 1.47%, less than SPSB's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.40% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Frequently Asked Questions
RSP and SPSB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSP has higher volatility (3.57%) compared to SPSB (0.38%). In terms of maximum drawdown, RSP dropped -59.92% vs SPSB's -11.75%.
On 10-year performance, RSP leads with 12.15% vs 2.63% for SPSB. On fees, SPSB is cheaper at 0.07% per year. On volatility, SPSB has been the lower-risk option at 0.38%. 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 12.15% return vs 2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPSB is cheaper with a 0.07% expense ratio, compared with 0.20% for RSP.
SPSB has the higher dividend yield at 4.40%, compared with 1.47% for RSP.
RSP is categorized as S&P 500, while SPSB is Corporate Bonds. RSP tracks S&P 500 Equal Weight Index, while SPSB tracks Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for RSP and 0.07% for SPSB.
SPSB currently has the higher Sharpe Ratio (3.24 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.
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