RSPC vs. SPHQ

Last updated Jun 3, 2026

RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 5 years, RSPC returned 0.54%/yr vs 14.73%/yr for SPHQ. A 0.69 correlation means they provide meaningful diversification when combined. RSPC charges 0.40%/yr vs 0.15%/yr for SPHQ.

Performance

RSPC vs. SPHQ - 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 Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPC achieves a -5.64% return, which is significantly lower than SPHQ's 15.16% return.

RSPC

• 1D: -1.68%
• 1M: -2.04%
• YTD: -5.64%
• 6M: -2.98%
• 1Y: 5.03%
• 3Y*: 12.63%
• 5Y*: 0.54%
• 10Y*: —

SPHQ

• 1D: 1.26%
• 1M: 6.56%
• YTD: 15.16%
• 6M: 16.32%
• 1Y: 23.61%
• 3Y*: 22.29%
• 5Y*: 14.73%
• 10Y*: 14.98%

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

RSPC vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	-5.64%	18.44%	17.98%	17.92%	-29.00%	14.55%	22.14%	21.35%	-11.38%
SPHQ Invesco S&P 500 Quality ETF	15.16%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.85%

Correlation

The correlation between RSPC and SPHQ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.69

Over the past year, the correlation between RSPC and SPHQ has dropped to 0.41 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

RSPC vs. SPHQ - Sectors Allocation Comparison

Sectors	RSPC	SPHQ
Communication Services	94.8%	2.0%
Technology	5.1%	28.1%
Financial Services	0.0%	13.3%
Basic Materials	-	2.2%
Consumer Cyclical	-	4.6%
Consumer Defensive	-	15.4%
Energy	-	0.7%
Healthcare	-	8.4%
Industrials	-	24.3%
Real Estate	-	-
Utilities	-	1.0%

Return for Risk

RSPC vs. SPHQ — Risk / Return Rank

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

RSPC

RSPC Risk / Return Rank: 14
RSPC Sharpe Ratio Rank: 14
RSPC Sortino Ratio Rank: 14
RSPC Omega Ratio Rank: 14
RSPC Calmar Ratio Rank: 14
RSPC Martin Ratio Rank: 13

SPHQ

SPHQ Risk / Return Rank: 56
SPHQ Sharpe Ratio Rank: 54
SPHQ Sortino Ratio Rank: 57
SPHQ Omega Ratio Rank: 51
SPHQ Calmar Ratio Rank: 54
SPHQ Martin Ratio Rank: 63

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. SPHQ - 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 Invesco S&P 500 Quality ETF (SPHQ). 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	SPHQ	Difference
Sharpe ratio Return per unit of total volatility	0.37	1.88	-1.51
Sortino ratio Return per unit of downside risk	0.62	2.73	-2.10
Omega ratio Gain probability vs. loss probability	1.07	1.32	-0.25
Calmar ratio Return relative to maximum drawdown	0.45	2.70	-2.24
Martin ratio Return relative to average drawdown	0.95	11.50	-10.55
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. SPHQ - Sharpe Ratio Comparison

The current RSPC Sharpe Ratio is 0.37, which is lower than the SPHQ Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of RSPC and SPHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPC	SPHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	1.88	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.90	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.53	-0.19

Drawdowns

RSPC vs. SPHQ - Drawdown Comparison

The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for RSPC and SPHQ.

Drawdown Indicators

	RSPC	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	-57.83%	+19.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-8.90%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-16.57%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-37.96%	-25.04%	-12.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	-8.55%	0.00%	-8.55%
Average Drawdown Average peak-to-trough decline	-12.71%	-10.70%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	2.08%	+3.14%

Volatility

RSPC vs. SPHQ - Volatility Comparison

Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and Invesco S&P 500 Quality ETF (SPHQ) have volatilities of 3.53% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPC	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.55%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	10.20%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	12.62%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.54%	16.45%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	17.87%	+2.90%

RSPC vs. SPHQ - Expense Ratio Comparison

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

Dividends

RSPC vs. SPHQ - Dividend Comparison

RSPC's dividend yield for the trailing twelve months is around 1.72%, more than SPHQ's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	1.72%	1.66%	1.03%	0.98%	1.45%	1.10%	1.05%	0.90%	0.24%	0.00%	0.00%	0.00%
SPHQ Invesco S&P 500 Quality ETF	1.04%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both RSPC and SPHQ in my portfolio?

RSPC and SPHQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPC or SPHQ?

SPHQ has higher volatility (3.55%) compared to RSPC (3.53%). In terms of maximum drawdown, RSPC dropped -38.03% vs SPHQ's -57.83%.

Which ETF is better, RSPC or SPHQ?

On 5-year performance, SPHQ leads with 14.73% vs 0.54% for RSPC. On fees, SPHQ is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPC or SPHQ?

Over the 5-year period, SPHQ has performed better with a 14.73% return vs 0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPC or SPHQ?

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

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

RSPC has the higher dividend yield at 1.72%, compared with 1.04% for SPHQ.

What is the main difference between RSPC and SPHQ?

RSPC is categorized as Communications Equities, while SPHQ is S&P 500. RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.40% for RSPC and 0.15% for SPHQ.

Which has better risk-adjusted returns?

SPHQ currently has the higher Sharpe Ratio (1.88 vs 0.37), 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.