RSPC vs. BWET

Last updated Jun 3, 2026

RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, RSPC returned 12.63%/yr vs 126.47%/yr for BWET. At a correlation of -0.04, they often move in opposite directions. RSPC charges 0.40%/yr vs 3.50%/yr for BWET.

Performance

RSPC vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPC achieves a -5.64% return, which is significantly lower than BWET's 835.99% return.

RSPC

• 1D: -1.68%
• 1M: -2.04%
• YTD: -5.64%
• 6M: -2.98%
• 1Y: 5.03%
• 3Y*: 12.63%
• 5Y*: 0.54%
• 10Y*: —

BWET

• 1D: 8.73%
• 1M: 3.52%
• YTD: 835.99%
• 6M: 698.56%
• 1Y: 1,645.55%
• 3Y*: 126.47%
• 5Y*: —
• 10Y*: —

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

RSPC vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	-5.64%	18.44%	17.98%	11.12%
BWET Breakwave Tanker Shipping ETF	835.99%	96.22%	-39.21%	15.94%

Correlation

The correlation between RSPC and BWET is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.04

RSPC vs. BWET - Sectors Allocation Comparison

Sectors	RSPC	BWET
Communication Services	94.8%	-
Technology	5.1%	-
Financial Services	0.0%	8.6%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPC vs. BWET — Risk / Return Rank

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

RSPC

RSPC Risk / Return Rank: 14
RSPC Sharpe Ratio Rank: 14
RSPC Sortino Ratio Rank: 14
RSPC Omega Ratio Rank: 14
RSPC Calmar Ratio Rank: 14
RSPC Martin Ratio Rank: 13

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

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.

RSPC vs. BWET - 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 Breakwave Tanker Shipping ETF (BWET). 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.

	RSPC	BWET	Difference
Sharpe ratio Return per unit of total volatility	0.37	16.94	-16.57
Sortino ratio Return per unit of downside risk	0.62	6.37	-5.75
Omega ratio Gain probability vs. loss probability	1.07	1.93	-0.85
Calmar ratio Return relative to maximum drawdown	0.45	51.48	-51.02
Martin ratio Return relative to average drawdown	0.95	137.13	-136.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPC vs. BWET - Sharpe Ratio Comparison

The current RSPC Sharpe Ratio is 0.37, which is lower than the BWET Sharpe Ratio of 16.94. The chart below compares the historical Sharpe Ratios of RSPC and BWET, 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

	RSPC	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	16.94	-16.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.86	-1.52

Drawdowns

RSPC vs. BWET - Drawdown Comparison

The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for RSPC and BWET.

Drawdown Indicators

	RSPC	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	-56.90%	+18.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-30.64%	+19.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-56.90%	+42.84%
Max Drawdown (5Y) Largest decline over 5 years	-37.96%	—	—
Current Drawdown Current decline from peak	-8.55%	-14.91%	+6.36%
Average Drawdown Average peak-to-trough decline	-12.71%	-24.10%	+11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	11.50%	-6.28%

Volatility

RSPC vs. BWET - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 3.53%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.76%. This indicates that RSPC experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPC	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	33.76%	-30.23%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	88.46%	-79.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	98.44%	-84.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.54%	70.46%	-51.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	70.46%	-49.69%

RSPC vs. BWET - Expense Ratio Comparison

RSPC has a 0.40% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

RSPC vs. BWET - Dividend Comparison

RSPC's dividend yield for the trailing twelve months is around 1.72%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	1.72%	1.66%	1.03%	0.98%	1.45%	1.10%	1.05%	0.90%	0.24%

Frequently Asked Questions

Can I hold both RSPC and BWET in my portfolio?

RSPC and BWET have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPC or BWET?

BWET has higher volatility (33.76%) compared to RSPC (3.53%). In terms of maximum drawdown, RSPC dropped -38.03% vs BWET's -56.90%.

Which ETF is better, RSPC or BWET?

On 3-year performance, BWET leads with 126.47% vs 12.63% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPC or BWET?

Over the 3-year period, BWET has performed better with a 126.47% return vs 12.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPC or BWET?

RSPC is cheaper with a 0.40% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, RSPC or BWET?

RSPC has the higher dividend yield at 1.72%, compared with 0.00% for BWET.

What is the main difference between RSPC and BWET?

RSPC is categorized as Communications Equities, while BWET is Commodities. RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.40% for RSPC and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (16.94 vs 0.37), 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.