RSPC vs. IYZ
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and IYZ (iShares U.S. Telecommunications ETF) are both Communications Equities funds - RSPC tracks the S&P 500 Equal Weight Communication Services Plus Index while IYZ tracks the Dow Jones U.S. Select Telecommunications Index. Both are passively managed. Over the past 5 years, RSPC returned -0.41%/yr vs 6.31%/yr for IYZ. Their 0.72 correlation means they have sometimes moved together and sometimes differently. RSPC charges 0.40%/yr vs 0.42%/yr for IYZ.
Performance
RSPC vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -10.27% return, which is significantly lower than IYZ's 22.25% return.
RSPC
- 1D
- 0.12%
- 1M
- -1.81%
- 6M
- -8.40%
- YTD
- -10.27%
- 1Y
- -2.47%
- 3Y*
- 8.82%
- 5Y*
- -0.41%
- 10Y*
- —
- ALL TIME*
- 6.11%
IYZ
- 1D
- 1.86%
- 1M
- 0.83%
- 6M
- 15.60%
- YTD
- 22.25%
- 1Y
- 42.46%
- 3Y*
- 24.81%
- 5Y*
- 6.31%
- 10Y*
- 4.56%
- ALL TIME*
- 1.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.70M | $39.07M | $56.29M | |
| $480.30K | $640.18K | $573.12K |
RSPC vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -10.27% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
IYZ iShares U.S. Telecommunications ETF | 22.25% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -6.29% |
Correlation
The correlation between RSPC and IYZ is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.72 |
Over the past year, the correlation between RSPC and IYZ has dropped to 0.27 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
RSPC vs. IYZ — Risk / Return Rank
RSPC
IYZ
RSPC vs. IYZ - 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 iShares U.S. Telecommunications ETF (IYZ). 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 | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.07 | -3.28 |
| Martin ratioReturn relative to average drawdown | -0.47 | 9.63 | -10.10 |
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Drawdowns
RSPC vs. IYZ - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for RSPC and IYZ.
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Drawdown Indicators
| RSPC | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -77.11% | +39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -15.61% | -13.28% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -13.85% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -37.73% | -39.74% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | -13.04% | -10.15% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -39.95% | +27.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 4.22% | +2.92% |
Volatility
RSPC vs. IYZ - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 5.56%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 6.83%. This indicates that RSPC experiences smaller price fluctuations and is considered to be less risky than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPC | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 6.83% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 16.83% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 19.83% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 19.15% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 19.32% | +1.39% |
RSPC vs. IYZ - Expense Ratio Comparison
RSPC has a 0.40% expense ratio, which is lower than IYZ's 0.42% expense ratio.
Dividends
RSPC vs. IYZ - Dividend Comparison
RSPC's dividend yield for the trailing twelve months is around 1.83%, more than IYZ's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.71% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | 1.83% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPC and IYZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (6.83%) compared to RSPC (5.56%). In terms of maximum drawdown, RSPC dropped -38.03% vs IYZ's -77.11%.
On 5-year performance, IYZ leads with 6.31% vs -0.41% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYZ has performed better with a 6.31% return vs -0.41%. 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 0.42% for IYZ.
RSPC has the higher dividend yield at 1.83%, compared with 1.71% for IYZ.
RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while IYZ tracks Dow Jones U.S. Select Telecommunications Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPC and 0.42% for IYZ.
IYZ currently has the higher Sharpe Ratio (2.05 vs -0.23), 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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