RSP vs. XXXX

Last updated Jun 4, 2026

RSP (Invesco S&P 500 Equal Weight ETF) and XXXX (MAX S&P 500 4X Leveraged ETN) are both exchange-traded funds - RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while XXXX is a Leveraged Equities fund tracking the S&P 500. Both are passively managed. Over the past year, RSP returned 19.50% vs 86.73% for XXXX. A 0.78 correlation means they provide meaningful diversification when combined. RSP charges 0.20%/yr vs 2.95%/yr for XXXX.

Performance

RSP vs. XXXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight ETF (RSP) and MAX S&P 500 4X Leveraged ETN (XXXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSP achieves a 9.70% return, which is significantly lower than XXXX's 29.32% return.

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%

XXXX

• 1D: -2.88%
• 1M: 18.44%
• YTD: 29.32%
• 6M: 26.06%
• 1Y: 86.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSP vs. XXXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSP Invesco S&P 500 Equal Weight ETF	9.70%	11.21%	12.79%	6.13%
XXXX MAX S&P 500 4X Leveraged ETN	29.32%	17.36%	61.36%	16.31%

Correlation

The correlation between RSP and XXXX is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.78

The correlation between RSP and XXXX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

Return for Risk

RSP vs. XXXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 50
RSP Martin Ratio Rank: 54

XXXX

XXXX Risk / Return Rank: 49
XXXX Sharpe Ratio Rank: 53
XXXX Sortino Ratio Rank: 45
XXXX Omega Ratio Rank: 47
XXXX Calmar Ratio Rank: 46
XXXX Martin Ratio Rank: 52

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. XXXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight ETF (RSP) and MAX S&P 500 4X Leveraged ETN (XXXX). 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.

	RSP	XXXX	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.86	-0.17
Sortino ratio Return per unit of downside risk	2.47	2.31	+0.16
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	2.49	2.34	+0.15
Martin ratio Return relative to average drawdown	9.48	8.95	+0.53
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. XXXX - Sharpe Ratio Comparison

The current RSP Sharpe Ratio is 1.70, which is comparable to the XXXX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of RSP and XXXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSP	XXXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.86	-0.17
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	0.57	0.87	-0.30

Drawdowns

RSP vs. XXXX - Drawdown Comparison

The maximum RSP drawdown since its inception was -59.92%, roughly equal to the maximum XXXX drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for RSP and XXXX.

Drawdown Indicators

	RSP	XXXX	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-62.27%	+2.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-37.25%	+29.40%
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 Drawdown Current decline from peak	-0.38%	-2.88%	+2.50%
Average Drawdown Average peak-to-trough decline	-6.65%	-11.60%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	9.73%	-7.67%

Volatility

RSP vs. XXXX - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight ETF (RSP) is 2.56%, while MAX S&P 500 4X Leveraged ETN (XXXX) has a volatility of 11.32%. This indicates that RSP experiences smaller price fluctuations and is considered to be less risky than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSP	XXXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	11.32%	-8.76%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	35.41%	-27.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	46.83%	-35.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	60.75%	-44.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	60.75%	-42.40%

RSP vs. XXXX - Expense Ratio Comparison

RSP has a 0.20% expense ratio, which is lower than XXXX's 2.95% expense ratio.

Dividends

RSP vs. XXXX - Dividend Comparison

RSP's dividend yield for the trailing twelve months is around 1.49%, while XXXX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XXXX MAX S&P 500 4X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSP and XXXX in my portfolio?

RSP and XXXX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSP or XXXX?

XXXX has higher volatility (11.32%) compared to RSP (2.56%). In terms of maximum drawdown, RSP dropped -59.92% vs XXXX's -62.27%.

Which ETF is better, RSP or XXXX?

On 1-year performance, XXXX leads with 86.73% vs 19.50% for RSP. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSP or XXXX?

Over the 1-year period, XXXX has performed better with a 86.73% return vs 19.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSP or XXXX?

RSP is cheaper with a 0.20% expense ratio, compared with 2.95% for XXXX.

Which ETF pays a higher dividend yield, RSP or XXXX?

RSP has the higher dividend yield at 1.49%, compared with 0.00% for XXXX.

What is the main difference between RSP and XXXX?

RSP is categorized as S&P 500, while XXXX is Leveraged Equities. RSP tracks S&P 500 Equal Weight Index, while XXXX tracks S&P 500. They also come from different issuers: Invesco and Max. Their fees differ too: 0.20% for RSP and 2.95% for XXXX.

Which has better risk-adjusted returns?

XXXX currently has the higher Sharpe Ratio (1.86 vs 1.70), 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.