RSPC vs. FMET

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and Fidelity Metaverse ETF (FMET).

RSPC and FMET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPC is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Communication Services Plus Index. It was launched on Nov 7, 2018. FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022.

Performance

RSPC vs. FMET - 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 Fidelity Metaverse ETF (FMET). The values are adjusted to include any dividend payments, if applicable.

RSPC vs. FMET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	-5.79%	18.44%	17.98%	17.92%	-21.82%
FMET Fidelity Metaverse ETF	-12.10%	21.93%	6.76%	39.18%	-16.56%

Returns By Period

In the year-to-date period, RSPC achieves a -5.79% return, which is significantly higher than FMET's -12.10% return.

RSPC

• 1D: 0.10%
• 1M: -4.61%
• YTD: -5.79%
• 6M: -7.11%
• 1Y: 7.91%
• 3Y*: 12.38%
• 5Y*: 1.15%
• 10Y*: —

FMET

• 1D: 0.72%
• 1M: -4.50%
• YTD: -12.10%
• 6M: -15.78%
• 1Y: 13.47%
• 3Y*: 10.78%
• 5Y*: —
• 10Y*: —

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

RSPC vs. FMET - Expense Ratio Comparison

RSPC has a 0.40% expense ratio, which is higher than FMET's 0.39% expense ratio.

RSPC

Invesco S&P 500 Equal Weight Communication Services ETF

FMET

Fidelity Metaverse ETF

Return for Risk

RSPC vs. FMET — Risk / Return Rank

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

RSPC

RSPC Risk / Return Rank: 25
RSPC Sharpe Ratio Rank: 24
RSPC Sortino Ratio Rank: 25
RSPC Omega Ratio Rank: 24
RSPC Calmar Ratio Rank: 27
RSPC Martin Ratio Rank: 23

FMET

FMET Risk / Return Rank: 28
FMET Sharpe Ratio Rank: 28
FMET Sortino Ratio Rank: 31
FMET Omega Ratio Rank: 30
FMET Calmar Ratio Rank: 26
FMET Martin Ratio Rank: 24

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. FMET - 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 Fidelity Metaverse ETF (FMET). 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	FMET	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.55	-0.09
Sortino ratio Return per unit of downside risk	0.77	0.98	-0.21
Omega ratio Gain probability vs. loss probability	1.10	1.13	-0.03
Calmar ratio Return relative to maximum drawdown	0.69	0.64	+0.05
Martin ratio Return relative to average drawdown	1.64	1.84	-0.20
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. FMET - Sharpe Ratio Comparison

The current RSPC Sharpe Ratio is 0.46, which is comparable to the FMET Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of RSPC and FMET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSPC	FMET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.55	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.31	+0.03

Correlation

The correlation between RSPC and FMET is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RSPC vs. FMET - Dividend Comparison

RSPC's dividend yield for the trailing twelve months is around 1.73%, more than FMET's 0.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	1.73%	1.66%	1.03%	0.98%	1.45%	1.10%	1.05%	0.90%	0.24%
FMET Fidelity Metaverse ETF	0.63%	0.81%	0.44%	0.40%	0.18%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RSPC vs. FMET - Drawdown Comparison

The maximum RSPC drawdown since its inception was -38.03%, which is greater than FMET's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for RSPC and FMET.

Drawdown Indicators

	RSPC	FMET	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	-29.22%	-8.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-23.00%	+12.06%
Max Drawdown (5Y) Largest decline over 5 years	-37.96%	—	—
Current Drawdown Current decline from peak	-8.69%	-19.14%	+10.45%
Average Drawdown Average peak-to-trough decline	-12.83%	-7.49%	-5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	7.99%	-3.39%

Volatility

RSPC vs. FMET - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 3.70%, while Fidelity Metaverse ETF (FMET) has a volatility of 7.52%. This indicates that RSPC experiences smaller price fluctuations and is considered to be less risky than FMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPC	FMET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	7.52%	-3.82%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	15.01%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.27%	24.41%	-7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	24.29%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	24.29%	-3.38%