RSPA vs. GSG
RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, RSPA returned 20.31% vs 37.47% for GSG. Their -0.02 correlation means they have often moved in opposite directions in the past. RSPA charges 0.29%/yr vs 0.75%/yr for GSG.
Performance
RSPA vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RSPA achieves a 12.90% return, which is significantly lower than GSG's 32.52% return.
RSPA
- 1D
- -0.01%
- 1M
- 1.95%
- 6M
- 8.72%
- YTD
- 12.90%
- 1Y
- 20.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.57%
GSG
- 1D
- 0.36%
- 1M
- 5.78%
- 6M
- 21.95%
- YTD
- 32.52%
- 1Y
- 37.47%
- 3Y*
- 12.51%
- 5Y*
- 14.20%
- 10Y*
- 8.03%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.96M | $16.42M | $22.87M | |
| $10.19M | $10.71M | $10.27M |
RSPA vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 12.90% | 11.07% | 3.51% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.52% | 5.93% | -0.50% |
Correlation
The correlation between RSPA and GSG is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024 | -0.02 |
The correlation between RSPA and GSG shifts across timeframes, from -0.20 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPA vs. GSG — Risk / Return Rank
RSPA
GSG
RSPA vs. GSG - 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 iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| RSPA | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.00 | +1.28 |
| Martin ratioReturn relative to average drawdown | 13.41 | 6.32 | +7.09 |
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Drawdowns
RSPA vs. GSG - Drawdown Comparison
The maximum RSPA drawdown since its inception was -15.37%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RSPA and GSG.
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Drawdown Indicators
| RSPA | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.37% | -89.62% | +74.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.21% | -18.81% | +12.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.01% | -59.99% | +59.98% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -63.67% | +61.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 5.94% | -4.42% |
Volatility
RSPA vs. GSG - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 2.14%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.99%. This indicates that RSPA experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPA | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 8.99% | -6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 21.89% | -15.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 24.44% | -15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 22.90% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.65% | 22.08% | -9.43% |
RSPA vs. GSG - Expense Ratio Comparison
RSPA has a 0.29% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RSPA vs. GSG - Dividend Comparison
RSPA's dividend yield for the trailing twelve months is around 8.81%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 8.81% | 9.14% | 4.03% |
Frequently Asked Questions
RSPA and GSG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.99%) compared to RSPA (2.14%). In terms of maximum drawdown, RSPA dropped -15.37% vs GSG's -89.62%.
On 1-year performance, GSG leads with 37.47% vs 20.31% for RSPA. On fees, RSPA is cheaper at 0.29% per year. On volatility, RSPA has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 37.47% return vs 20.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPA is cheaper with a 0.29% expense ratio, compared with 0.75% for GSG.
RSPA has the higher dividend yield at 8.81%, compared with 0.00% for GSG.
RSPA is categorized as S&P 500, while GSG is Commodities. RSPA tracks S&P 500 Equal Weight Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for RSPA and 0.75% for GSG.
RSPA currently has the higher Sharpe Ratio (2.17 vs 1.54), 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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