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 9.23%/yr vs 120.49%/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
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Returns By Period
In the year-to-date period, RSPC achieves a -8.48% return, which is significantly lower than BWET's 995.07% return.
RSPC
- 1D
- 0.55%
- 1M
- -1.00%
- 6M
- -8.33%
- YTD
- -8.48%
- 1Y
- -1.59%
- 3Y*
- 9.23%
- 5Y*
- -0.13%
- 10Y*
- —
BWET
- 1D
- 3.74%
- 1M
- 5.53%
- 6M
- 731.53%
- YTD
- 995.07%
- 1Y
- 1,761.96%
- 3Y*
- 120.49%
- 5Y*
- —
- 10Y*
- —
RSPC vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -8.48% | 18.44% | 17.98% | 10.43% |
BWET Breakwave Tanker Shipping ETF | 995.07% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between RSPC and BWET is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.04 |
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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 | -17.13 | ||
| Sortino ratioReturn per unit of downside risk | -6.15 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.89 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 43.28 | -43.39 |
| Martin ratioReturn relative to average drawdown | -0.25 | 163.33 | -163.58 |
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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 | -14.71% | -41.22% | +26.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -56.81% | +42.10% |
Max Drawdown (5Y)Largest decline over 5 years | -37.73% | — | — |
Current DrawdownCurrent decline from peak | -11.30% | -3.12% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -23.71% | +11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 10.90% | -4.40% |
Volatility
RSPC vs. BWET - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 4.93%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 42.90%. 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 | 4.93% | 42.90% | -37.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 95.43% | -85.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 105.04% | -91.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 73.53% | -54.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 73.53% | -52.82% |
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 1.79%, 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 | 1.79% | 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 -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (42.90%) compared to RSPC (4.93%). In terms of maximum drawdown, RSPC dropped -38.03% vs BWET's -56.90%.
On 3-year performance, BWET leads with 120.49% vs 9.23% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 4.93%. 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 120.49% return vs 9.23%. 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 1.79%, 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 (17.02 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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