RSPC vs. GXPC

Last updated Jun 4, 2026

RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and GXPC (Global X PureCap MSCI Communication Services ETF) are both Communications Equities funds - RSPC tracks the S&P 500 Equal Weight Communication Services Plus Index while GXPC tracks the MSCI USA Communication Services PureCap Index. Both are passively managed. At a 0.45 correlation, their price movements are largely independent. RSPC charges 0.40%/yr vs 0.15%/yr for GXPC.

Performance

RSPC vs. GXPC - 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 Global X PureCap MSCI Communication Services ETF (GXPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPC achieves a -7.63% return, which is significantly lower than GXPC's 3.83% return.

RSPC

• 1D: -2.11%
• 1M: -3.65%
• YTD: -7.63%
• 6M: -4.38%
• 1Y: 2.74%
• 3Y*: 11.84%
• 5Y*: -0.10%
• 10Y*: —

GXPC

• 1D: -0.34%
• 1M: -4.59%
• YTD: 3.83%
• 6M: 3.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPC vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	-7.63%	4.96%
GXPC Global X PureCap MSCI Communication Services ETF	3.83%	19.31%

Correlation

The correlation between RSPC and GXPC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.45

Return for Risk

RSPC vs. GXPC — Risk / Return Rank

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

RSPC

RSPC Risk / Return Rank: 11
RSPC Sharpe Ratio Rank: 11
RSPC Sortino Ratio Rank: 11
RSPC Omega Ratio Rank: 11
RSPC Calmar Ratio Rank: 12
RSPC Martin Ratio Rank: 11

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. GXPC - 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 Global X PureCap MSCI Communication Services ETF (GXPC). 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	GXPC	Difference
Sharpe ratio Return per unit of total volatility	0.20	—	—
Sortino ratio Return per unit of downside risk	0.38	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	0.25	—	—
Martin ratio Return relative to average drawdown	0.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSPC	GXPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.43	-1.11

Drawdowns

RSPC vs. GXPC - Drawdown Comparison

The maximum RSPC drawdown since its inception was -38.03%, which is greater than GXPC's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for RSPC and GXPC.

Drawdown Indicators

	RSPC	GXPC	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	-16.59%	-21.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.96%	—	—
Current Drawdown Current decline from peak	-10.47%	-7.11%	-3.36%
Average Drawdown Average peak-to-trough decline	-12.71%	-3.05%	-9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	—	—

Volatility

Volatility by Period

	RSPC	GXPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	19.79%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	19.79%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	19.79%	+0.98%

RSPC vs. GXPC - Expense Ratio Comparison

RSPC has a 0.40% expense ratio, which is higher than GXPC's 0.15% expense ratio.

Dividends

RSPC vs. GXPC - Dividend Comparison

RSPC's dividend yield for the trailing twelve months is around 1.76%, more than GXPC's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GXPC Global X PureCap MSCI Communication Services ETF	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	1.76%	1.66%	1.03%	0.98%	1.45%	1.10%	1.05%	0.90%	0.24%

Frequently Asked Questions

Can I hold both RSPC and GXPC in my portfolio?

RSPC and GXPC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSPC or GXPC?

On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSPC or GXPC?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.40% for RSPC.

Which ETF pays a higher dividend yield, RSPC or GXPC?

RSPC has the higher dividend yield at 1.76%, compared with 0.12% for GXPC.

What is the main difference between RSPC and GXPC?

RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while GXPC tracks MSCI USA Communication Services PureCap Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.40% for RSPC and 0.15% for GXPC.