RSPC vs. ^GSPC
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) is Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, RSPC returned -0.13%/yr vs 11.43%/yr for ^GSPC. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
RSPC vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -8.48% return, which is significantly lower than ^GSPC's 9.79% return.
RSPC
- 1D
- 0.55%
- 1M
- -1.00%
- 6M
- -8.33%
- YTD
- -8.48%
- 1Y
- -1.59%
- 3Y*
- 9.23%
- 5Y*
- -0.13%
- 10Y*
- —
^GSPC
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
RSPC vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -8.48% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
^GSPC S&P 500 Index | 9.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -7.91% |
Correlation
The correlation between RSPC and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.73 |
Over the past year, the correlation between RSPC and ^GSPC has dropped to 0.40 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
RSPC vs. ^GSPC — Risk / Return Rank
RSPC
^GSPC
RSPC vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and S&P 500 Index (^GSPC). 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.
| RSPC | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.21 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.25 | 9.61 | -9.85 |
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Drawdowns
RSPC vs. ^GSPC - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RSPC and ^GSPC.
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Drawdown Indicators
| RSPC | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -56.78% | +18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -9.10% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -18.90% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.73% | -25.43% | -12.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.30% | -1.24% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -10.71% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.09% | +4.41% |
Volatility
RSPC vs. ^GSPC - Volatility Comparison
Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) has a higher volatility of 4.93% compared to S&P 500 Index (^GSPC) at 3.96%. This indicates that RSPC's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPC | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 3.96% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 9.99% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 12.57% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 17.01% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.05% | +2.66% |
Frequently Asked Questions
RSPC and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPC has higher volatility (4.93%) compared to ^GSPC (3.96%). In terms of maximum drawdown, RSPC dropped -38.03% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.61 vs -0.11), 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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