RSPC vs. DBO
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 5 years, RSPC returned -0.76%/yr vs 10.16%/yr for DBO. At a 0.17 correlation, their price movements are largely independent. RSPC charges 0.40%/yr vs 0.78%/yr for DBO.
Performance
RSPC vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -10.64% return, which is significantly lower than DBO's 50.16% return.
RSPC
- 1D
- 0.77%
- 1M
- -5.33%
- YTD
- -10.64%
- 6M
- -10.20%
- 1Y
- -2.95%
- 3Y*
- 10.22%
- 5Y*
- -0.76%
- 10Y*
- —
DBO
- 1D
- -1.13%
- 1M
- -18.58%
- YTD
- 50.16%
- 6M
- 47.74%
- 1Y
- 36.30%
- 3Y*
- 14.32%
- 5Y*
- 10.16%
- 10Y*
- 9.22%
RSPC vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -10.64% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
DBO Invesco DB Oil Fund | 50.16% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -16.93% |
Correlation
The correlation between RSPC and DBO is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.17 |
The correlation between RSPC and DBO shifts across timeframes, from -0.11 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPC vs. DBO — Risk / Return Rank
RSPC
DBO
RSPC vs. DBO - 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 Invesco DB Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.58 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.50 | 4.29 | -4.80 |
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Drawdowns
RSPC vs. DBO - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for RSPC and DBO.
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Drawdown Indicators
| RSPC | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -90.18% | +52.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -23.03% | +8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -28.20% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | -37.68% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -13.39% | -60.48% | +47.09% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -62.22% | +49.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 8.51% | -2.66% |
Volatility
RSPC vs. DBO - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 4.67%, while Invesco DB Oil Fund (DBO) has a volatility of 10.29%. This indicates that RSPC experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPC | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 10.29% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 29.36% | -19.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 34.89% | -21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 32.54% | -13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 31.81% | -11.07% |
RSPC vs. DBO - Expense Ratio Comparison
RSPC has a 0.40% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
RSPC vs. DBO - Dividend Comparison
RSPC's dividend yield for the trailing twelve months is around 1.84%, less than DBO's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.34% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | 1.84% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% |
Frequently Asked Questions
RSPC and DBO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (10.29%) compared to RSPC (4.67%). In terms of maximum drawdown, RSPC dropped -38.03% vs DBO's -90.18%.
On 5-year performance, DBO leads with 10.16% vs -0.76% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 10.16% return vs -0.76%. 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 0.78% for DBO.
DBO has the higher dividend yield at 2.34%, compared with 1.84% for RSPC.
RSPC is categorized as Communications Equities, while DBO is Oil & Gas. RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. Their fees differ too: 0.40% for RSPC and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.06 vs -0.21), 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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