RSPA vs. BALI

Last updated Jun 4, 2026

RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while BALI is a Derivative Income fund actively managed by BlackRock. RSPA is passively managed, while BALI is actively managed. Over the past year, RSPA returned 18.38% vs 26.38% for BALI. A 0.74 correlation means they provide meaningful diversification when combined. RSPA charges 0.29%/yr vs 0.35%/yr for BALI.

Performance

RSPA vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPA achieves a 7.86% return, which is significantly lower than BALI's 11.22% return.

RSPA

• 1D: -0.28%
• 1M: 2.86%
• YTD: 7.86%
• 6M: 8.49%
• 1Y: 18.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALI

• 1D: -0.41%
• 1M: 4.44%
• YTD: 11.22%
• 6M: 11.78%
• 1Y: 26.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPA vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	7.86%	11.07%	3.68%
BALI Blackrock Advantage Large Cap Income ETF	11.22%	14.51%	4.39%

Correlation

The correlation between RSPA and BALI is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.74

The correlation between RSPA and BALI has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

RSPA vs. BALI - Sectors Allocation Comparison

Sectors	RSPA	BALI
Technology	18.3%	35.0%
Industrials	14.7%	8.0%
Financial Services	14.4%	9.0%
Healthcare	10.9%	9.4%
Consumer Cyclical	10.3%	10.2%
Consumer Defensive	6.5%	6.1%
Real Estate	6.2%	0.9%
Utilities	6.0%	1.9%
Energy	4.5%	4.3%
Basic Materials	4.1%	1.4%
Communication Services	4.0%	10.6%

Return for Risk

RSPA vs. BALI — Risk / Return Rank

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

RSPA

RSPA Risk / Return Rank: 59
RSPA Sharpe Ratio Rank: 57
RSPA Sortino Ratio Rank: 59
RSPA Omega Ratio Rank: 57
RSPA Calmar Ratio Rank: 59
RSPA Martin Ratio Rank: 64

BALI

BALI Risk / Return Rank: 82
BALI Sharpe Ratio Rank: 81
BALI Sortino Ratio Rank: 81
BALI Omega Ratio Rank: 81
BALI Calmar Ratio Rank: 77
BALI Martin Ratio Rank: 88

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.

RSPA vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	RSPA	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.67	-0.70
Sortino ratio: Return per unit of downside risk	2.85	3.72	-0.88
Omega ratio: Gain probability vs. loss probability	1.36	1.50	-0.14
Calmar ratio: Return relative to maximum drawdown	2.97	3.95	-0.97
Martin ratio: Return relative to average drawdown	11.88	19.71	-7.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPA vs. BALI - Sharpe Ratio Comparison

The current RSPA Sharpe Ratio is 1.98, which is comparable to the BALI Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of RSPA and BALI, 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

	RSPA	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.67	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	1.72	-0.77

Drawdowns

RSPA vs. BALI - Drawdown Comparison

The maximum RSPA drawdown since its inception was -15.37%, smaller than the maximum BALI drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for RSPA and BALI.

Drawdown Indicators

	RSPA	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-16.65%	+1.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.21%	-6.71%	+0.50%
Current Drawdown Current decline from peak	-0.28%	-0.41%	+0.13%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.63%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.34%	+0.21%

Volatility

RSPA vs. BALI - Volatility Comparison

Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and Blackrock Advantage Large Cap Income ETF (BALI) have volatilities of 1.95% and 1.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPA	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	1.95%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	6.66%	7.47%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	9.91%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	12.93%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	12.93%	+0.07%

RSPA vs. BALI - Expense Ratio Comparison

RSPA has a 0.29% expense ratio, which is lower than BALI's 0.35% expense ratio.

Dividends

RSPA vs. BALI - Dividend Comparison

RSPA's dividend yield for the trailing twelve months is around 8.98%, more than BALI's 7.66% yield.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.66%	8.51%	7.13%	2.13%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	8.98%	9.14%	4.03%	0.00%

Frequently Asked Questions

Can I hold both RSPA and BALI in my portfolio?

RSPA and BALI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPA or BALI?

BALI has higher volatility (1.95%) compared to RSPA (1.95%). In terms of maximum drawdown, RSPA dropped -15.37% vs BALI's -16.65%.

Which ETF is better, RSPA or BALI?

On 1-year performance, BALI leads with 26.38% vs 18.38% for RSPA. On fees, RSPA is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPA or BALI?

Over the 1-year period, BALI has performed better with a 26.38% return vs 18.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPA or BALI?

RSPA is cheaper with a 0.29% expense ratio, compared with 0.35% for BALI.

Which ETF pays a higher dividend yield, RSPA or BALI?

RSPA has the higher dividend yield at 8.98%, compared with 7.66% for BALI.

What is the main difference between RSPA and BALI?

RSPA is categorized as S&P 500, while BALI is Derivative Income. They also come from different issuers: Invesco and BlackRock. Their fees differ too: 0.29% for RSPA and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.67 vs 1.98), 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.