RSPD vs. IYC

Last updated Aug 4, 2026

RSPD (Invesco S&P 500 Equal Weight Consumer Discretionary ETF) and IYC (iShares U.S. Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - RSPD tracks the S&P 500 Equal Weighted / Consumer Discretionary -SEC while IYC tracks the Dow Jones U.S. Consumer Services Index. Both are passively managed. Over the past 10 years, RSPD returned 8.14%/yr vs 11.46%/yr for IYC. Their correlation of 0.86 means they have usually moved in the same direction. RSPD charges 0.40%/yr vs 0.38%/yr for IYC.

Performance

RSPD vs. IYC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) and iShares U.S. Consumer Discretionary ETF (IYC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPD achieves a 1.19% return, which is significantly higher than IYC's -0.23% return. Over the past 10 years, RSPD has underperformed IYC with an annualized return of 8.14%, while IYC has yielded a comparatively higher 11.46% annualized return.

RSPD

• 1D: 1.06%
• 1M: 1.79%
• 6M: -2.22%
• YTD: 1.19%
• 1Y: 6.06%
• 3Y*: 8.79%
• 5Y*: 4.22%
• 10Y*: 8.14%
• ALL TIME*: 8.32%

IYC

• 1D: 1.46%
• 1M: 0.54%
• 6M: -1.73%
• YTD: -0.23%
• 1Y: 5.11%
• 3Y*: 13.35%
• 5Y*: 6.39%
• 10Y*: 11.46%
• ALL TIME*: 8.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IYC iShares U.S. Consumer Discretionary ETF	$10.99M	$10.43M	$12.08M
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	$3.23M	$2.98M	$3.50M

RSPD vs. IYC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	1.19%	7.98%	13.37%	22.55%	-24.03%	28.75%	11.43%	25.88%	-8.79%	15.04%
IYC iShares U.S. Consumer Discretionary ETF	-0.23%	7.85%	27.54%	34.03%	-31.78%	19.65%	24.58%	27.36%	1.76%	19.87%

Correlation

The correlation between RSPD and IYC is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.86

The correlation between RSPD and IYC has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

RSPD vs. IYC - Sectors Allocation Comparison

Sectors	RSPD	IYC
Consumer Cyclical	93.6%	66.8%
Communication Services	2.4%	10.6%
Technology	2.2%	7.0%
Industrials	1.8%	3.9%
Financial Services	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	11.5%
Energy	-	0.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPD vs. IYC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPD

RSPD Risk / Return Rank: 18
RSPD Sharpe Ratio Rank: 18
RSPD Sortino Ratio Rank: 19
RSPD Omega Ratio Rank: 17
RSPD Calmar Ratio Rank: 18
RSPD Martin Ratio Rank: 18

IYC

IYC Risk / Return Rank: 18
IYC Sharpe Ratio Rank: 19
IYC Sortino Ratio Rank: 18
IYC Omega Ratio Rank: 17
IYC Calmar Ratio Rank: 18
IYC Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPD vs. IYC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) and iShares U.S. Consumer Discretionary ETF (IYC). 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.

	RSPD	IYC	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.34	-0.01
Sortino ratio: Return per unit of downside risk	0.64	0.59	+0.05
Omega ratio: Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio: Return relative to maximum drawdown	0.44	0.43	+0.01
Martin ratio: Return relative to average drawdown	0.99	1.10	-0.11

RSPD vs. IYC - Sharpe Ratio Comparison

The current RSPD Sharpe Ratio is 0.32, which is comparable to the IYC Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of RSPD and IYC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPD vs. IYC - Drawdown Comparison

The maximum RSPD drawdown since its inception was -68.00%, which is greater than IYC's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for RSPD and IYC.

Drawdown Indicators

	RSPD	IYC	Difference
Max Drawdown Largest peak-to-trough decline	-68.00%	-53.10%	-14.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-11.97%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-21.62%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-35.90%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	-48.00%	-35.90%	-12.10%
Current Drawdown Current decline from peak	-3.85%	-4.00%	+0.15%
Average Drawdown Average peak-to-trough decline	-10.67%	-9.93%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	4.65%	+1.49%

Volatility

RSPD vs. IYC - Volatility Comparison

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) has a higher volatility of 6.00% compared to iShares U.S. Consumer Discretionary ETF (IYC) at 5.39%. This indicates that RSPD's price experiences larger fluctuations and is considered to be riskier than IYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPD	IYC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.39%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	12.01%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.82%	15.25%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	20.89%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.13%	19.96%	+3.17%

RSPD vs. IYC - Expense Ratio Comparison

RSPD has a 0.40% expense ratio, which is higher than IYC's 0.38% expense ratio.

Dividends

RSPD vs. IYC - Dividend Comparison

RSPD's dividend yield for the trailing twelve months is around 0.86%, more than IYC's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYC iShares U.S. Consumer Discretionary ETF	0.50%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	0.86%	1.08%	0.84%	1.09%	0.99%	0.53%	0.81%	1.59%	1.67%	1.45%	1.27%	1.37%

Frequently Asked Questions

Can I hold both RSPD and IYC in my portfolio?

RSPD and IYC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPD or IYC?

RSPD has higher volatility (6.00%) compared to IYC (5.39%). In terms of maximum drawdown, RSPD dropped -68.00% vs IYC's -53.10%.

Which ETF is better, RSPD or IYC?

On 10-year performance, IYC leads with 11.46% vs 8.14% for RSPD. On fees, IYC is cheaper at 0.38% per year. On volatility, IYC has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPD or IYC?

Over the 10-year period, IYC has performed better with a 11.46% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPD or IYC?

IYC is cheaper with a 0.38% expense ratio, compared with 0.40% for RSPD.

Which ETF pays a higher dividend yield, RSPD or IYC?

RSPD has the higher dividend yield at 0.86%, compared with 0.50% for IYC.

What is the main difference between RSPD and IYC?

RSPD tracks S&P 500 Equal Weighted / Consumer Discretionary -SEC, while IYC tracks Dow Jones U.S. Consumer Services Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPD and 0.38% for IYC.

Which has better risk-adjusted returns?

IYC currently has the higher Sharpe Ratio (0.34 vs 0.32), 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.