RSPE vs. ^SPXEW
RSPE (Invesco ESG S&P 500 Equal Weight ETF) is S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while ^SPXEW (S&P 500 Equal Weighted Index) is an index. Over the past 3 years, RSPE returned 14.84%/yr vs 11.61%/yr for ^SPXEW. Their 0.98 correlation means they have historically moved very closely together.
Performance
RSPE vs. ^SPXEW - Performance Comparison
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Returns By Period
In the year-to-date period, RSPE achieves a 15.54% return, which is significantly higher than ^SPXEW's 12.13% return.
RSPE
- 1D
- -0.12%
- 1M
- -0.09%
- 6M
- 11.99%
- YTD
- 15.54%
- 1Y
- 26.75%
- 3Y*
- 14.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.84%
^SPXEW
- 1D
- -0.20%
- 1M
- -0.08%
- 6M
- 8.58%
- YTD
- 12.13%
- 1Y
- 18.34%
- 3Y*
- 11.61%
- 5Y*
- 7.03%
- 10Y*
- 10.02%
- ALL TIME*
- 8.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $247.22K | $243.00K | $341.59K |
RSPE vs. ^SPXEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RSPE Invesco ESG S&P 500 Equal Weight ETF | 15.54% | 14.58% | 10.87% | 13.97% | -12.21% | 1.42% |
^SPXEW S&P 500 Equal Weighted Index | 12.13% | 9.34% | 10.90% | 11.56% | -13.11% | 0.44% |
Correlation
The correlation between RSPE and ^SPXEW is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.98 |
The correlation between RSPE and ^SPXEW has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
RSPE vs. ^SPXEW — Risk / Return Rank
RSPE
^SPXEW
RSPE vs. ^SPXEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG S&P 500 Equal Weight ETF (RSPE) and S&P 500 Equal Weighted Index (^SPXEW). 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.
| RSPE | ^SPXEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.13 | +0.71 |
| Martin ratioReturn relative to average drawdown | 11.54 | 8.16 | +3.39 |
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Drawdowns
RSPE vs. ^SPXEW - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.93%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for RSPE and ^SPXEW.
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Drawdown Indicators
| RSPE | ^SPXEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -60.83% | +37.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.03% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -18.31% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.25% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -8.13% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.10% | +0.10% |
Volatility
RSPE vs. ^SPXEW - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) and S&P 500 Equal Weighted Index (^SPXEW) have volatilities of 2.82% and 2.88%, 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.
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Volatility by Period
| RSPE | ^SPXEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.88% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 8.56% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 11.75% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 16.22% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 18.33% | -1.72% |
Frequently Asked Questions
With a correlation of 0.97, RSPE and ^SPXEW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
^SPXEW has higher volatility (2.88%) compared to RSPE (2.82%). In terms of maximum drawdown, RSPE dropped -22.93% vs ^SPXEW's -60.83%.
RSPE currently has the higher Sharpe Ratio (2.01 vs 1.46), 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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