RSPC vs. BWET
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 8.82%/yr vs 137.18%/yr for BWET. Their -0.05 correlation means they have often moved in opposite directions in the past. RSPC charges 0.40%/yr vs 3.50%/yr for BWET.
Performance
RSPC vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -10.27% return, which is significantly lower than BWET's 1,293.70% return.
RSPC
- 1D
- 0.12%
- 1M
- -1.81%
- 6M
- -8.40%
- YTD
- -10.27%
- 1Y
- -2.47%
- 3Y*
- 8.82%
- 5Y*
- -0.41%
- 10Y*
- —
- ALL TIME*
- 6.11%
BWET
- 1D
- 1.74%
- 1M
- 57.43%
- 6M
- 631.38%
- YTD
- 1,293.70%
- 1Y
- 2,229.63%
- 3Y*
- 137.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 147.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.53M | $35.69M | $28.56M | |
| $480.30K | $640.18K | $573.12K |
RSPC vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -10.27% | 18.44% | 17.98% | 10.43% |
BWET Breakwave Tanker Shipping ETF | 1,293.70% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between RSPC and BWET is -0.10, 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. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.05 |
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Return for Risk
RSPC vs. BWET — Risk / Return Rank
RSPC
BWET
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.
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 | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -22.12 | ||
| Sortino ratioReturn per unit of downside risk | -6.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.94 | -0.97 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 57.28 | -57.49 |
| Martin ratioReturn relative to average drawdown | -0.47 | 215.11 | -215.58 |
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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.
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Drawdown Indicators
| RSPC | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -56.90% | +18.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.61% | -41.22% | +25.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -56.81% | +41.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.73% | — | — |
Current DrawdownCurrent decline from peak | -13.04% | 0.00% | -13.04% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -23.41% | +10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 10.95% | -3.81% |
Volatility
RSPC vs. BWET - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 5.56%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 32.52%. 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.
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Volatility by Period
| RSPC | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 32.52% | -26.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 95.71% | -84.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 107.87% | -93.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 74.46% | -55.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 74.46% | -53.75% |
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 1.83%, 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 | 1.83% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% |
Frequently Asked Questions
RSPC and BWET have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (32.52%) compared to RSPC (5.56%). In terms of maximum drawdown, RSPC dropped -38.03% vs BWET's -56.90%.
On 3-year performance, BWET leads with 137.18% vs 8.82% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BWET has performed better with a 137.18% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPC is cheaper with a 0.40% expense ratio, compared with 3.50% for BWET.
RSPC has the higher dividend yield at 1.83%, compared with 0.00% for 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.
BWET currently has the higher Sharpe Ratio (21.89 vs -0.23), 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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