RSPC vs. FAAR
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while FAAR is a Commodities fund actively managed by First Trust. RSPC is passively managed, while FAAR is actively managed. Over the past 5 years, RSPC returned -0.76%/yr vs 7.72%/yr for FAAR. At a 0.04 correlation, their price movements are largely independent. RSPC charges 0.40%/yr vs 0.95%/yr for FAAR.
Performance
RSPC vs. FAAR - 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 FAAR's 19.14% return.
RSPC
- 1D
- 0.77%
- 1M
- -5.33%
- YTD
- -10.64%
- 6M
- -10.20%
- 1Y
- -2.95%
- 3Y*
- 10.22%
- 5Y*
- -0.76%
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
RSPC vs. FAAR - 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% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -0.74% |
Correlation
The correlation between RSPC and FAAR is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.04 |
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Return for Risk
RSPC vs. FAAR — Risk / Return Rank
RSPC
FAAR
RSPC vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 4.52 | -4.73 |
| Martin ratioReturn relative to average drawdown | -0.50 | 15.18 | -15.68 |
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Drawdowns
RSPC vs. FAAR - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for RSPC and FAAR.
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Drawdown Indicators
| RSPC | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -18.03% | -20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -6.29% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -11.54% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | -18.03% | -19.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -13.39% | -6.29% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -7.82% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 1.87% | +3.98% |
Volatility
RSPC vs. FAAR - Volatility Comparison
Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) has a higher volatility of 4.67% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.55%. This indicates that RSPC's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPC | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 2.55% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 9.68% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 13.38% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 12.96% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 11.54% | +9.20% |
RSPC vs. FAAR - Expense Ratio Comparison
RSPC has a 0.40% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
RSPC vs. FAAR - Dividend Comparison
RSPC's dividend yield for the trailing twelve months is around 1.84%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
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% | 0.00% |
Frequently Asked Questions
RSPC and FAAR have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPC has higher volatility (4.67%) compared to FAAR (2.55%). In terms of maximum drawdown, RSPC dropped -38.03% vs FAAR's -18.03%.
On 5-year performance, FAAR leads with 7.72% vs -0.76% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, FAAR has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FAAR has performed better with a 7.72% 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 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 1.84% for RSPC.
RSPC is categorized as Communications Equities, while FAAR is Commodities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.40% for RSPC and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 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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