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 -0.76%/yr vs 7.05%/yr for IYZ. A 0.74 correlation means they provide meaningful diversification when combined. 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 -10.64% return, which is significantly lower than IYZ's 24.80% return.
RSPC
- 1D
- 0.77%
- 1M
- -5.33%
- YTD
- -10.64%
- 6M
- -10.20%
- 1Y
- -2.95%
- 3Y*
- 10.22%
- 5Y*
- -0.76%
- 10Y*
- —
IYZ
- 1D
- 0.33%
- 1M
- -5.71%
- YTD
- 24.80%
- 6M
- 24.25%
- 1Y
- 49.71%
- 3Y*
- 28.60%
- 5Y*
- 7.05%
- 10Y*
- 5.34%
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 | -10.64% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
IYZ iShares U.S. Telecommunications ETF | 24.80% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -6.29% |
Correlation
The correlation between RSPC and IYZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.74 |
Over the past year, the correlation between RSPC and IYZ has dropped to 0.40 - well below their long-term average of 0.74, 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 | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.47 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 5.46 | -5.67 |
| Martin ratioReturn relative to average drawdown | -0.50 | 20.02 | -20.53 |
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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 | -14.05% | -9.15% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -13.85% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | -39.74% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | -13.39% | -8.27% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -40.07% | +27.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 2.49% | +3.36% |
Volatility
RSPC vs. IYZ - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 4.67%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 7.67%. 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 | 4.67% | 7.67% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 15.53% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 18.76% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 18.90% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 19.28% | +1.46% |
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 1.84%, more than IYZ's 1.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.67% | 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 | 1.84% | 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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (7.67%) compared to RSPC (4.67%). In terms of maximum drawdown, RSPC dropped -38.03% vs IYZ's -77.11%.
On 5-year performance, IYZ leads with 7.05% 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, IYZ has performed better with a 7.05% 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 0.42% for IYZ.
RSPC has the higher dividend yield at 1.84%, compared with 1.67% 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 (2.67 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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