RSPE vs. COMB
RSPE (Invesco ESG S&P 500 Equal Weight ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while COMB is a Commodities fund actively managed by GraniteShares. RSPE is passively managed, while COMB is actively managed. Over the past 3 years, RSPE returned 15.58%/yr vs 11.95%/yr for COMB. At a 0.17 correlation, their price movements are largely independent. RSPE charges 0.20%/yr vs 0.25%/yr for COMB.
Performance
RSPE vs. COMB - Performance Comparison
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Returns By Period
In the year-to-date period, RSPE achieves a 15.54% return, which is significantly lower than COMB's 17.53% return.
RSPE
- 1D
- 0.32%
- 1M
- 1.88%
- 6M
- 11.89%
- YTD
- 15.54%
- 1Y
- 24.61%
- 3Y*
- 15.58%
- 5Y*
- —
- 10Y*
- —
COMB
- 1D
- 0.00%
- 1M
- -1.59%
- 6M
- 14.82%
- YTD
- 17.53%
- 1Y
- 25.91%
- 3Y*
- 11.95%
- 5Y*
- 9.83%
- 10Y*
- —
RSPE vs. COMB - 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% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 17.53% | 15.12% | 5.24% | -7.75% | 14.56% | -3.83% |
Correlation
The correlation between RSPE and COMB is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.17 |
The correlation between RSPE and COMB shifts across timeframes, from -0.11 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPE vs. COMB — Risk / Return Rank
RSPE
COMB
RSPE vs. COMB - 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 GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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 | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.82 | +0.84 |
| Martin ratioReturn relative to average drawdown | 10.52 | 6.14 | +4.38 |
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Drawdowns
RSPE vs. COMB - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.93%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for RSPE and COMB.
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Drawdown Indicators
| RSPE | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -33.50% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -14.84% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -14.84% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -0.26% | -11.35% | +11.09% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -12.05% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 4.40% | -2.14% |
Volatility
RSPE vs. COMB - Volatility Comparison
The current volatility for Invesco ESG S&P 500 Equal Weight ETF (RSPE) is 3.85%, while GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a volatility of 4.24%. This indicates that RSPE experiences smaller price fluctuations and is considered to be less risky than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPE | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.24% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 15.09% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 17.38% | -4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.69% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 15.15% | +1.53% |
RSPE vs. COMB - Expense Ratio Comparison
RSPE has a 0.20% expense ratio, which is lower than COMB's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RSPE vs. COMB - Dividend Comparison
RSPE's dividend yield for the trailing twelve months is around 1.45%, less than COMB's 7.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.70% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
RSPE Invesco ESG S&P 500 Equal Weight ETF | 1.45% | 1.63% | 1.57% | 1.91% | 1.83% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPE and COMB have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMB has higher volatility (4.24%) compared to RSPE (3.85%). In terms of maximum drawdown, RSPE dropped -22.93% vs COMB's -33.50%.
On 3-year performance, RSPE leads with 15.58% vs 11.95% for COMB. On fees, RSPE is cheaper at 0.20% per year. On volatility, RSPE has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RSPE has performed better with a 15.58% return vs 11.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPE is cheaper with a 0.20% expense ratio, compared with 0.25% for COMB.
COMB has the higher dividend yield at 7.70%, compared with 1.45% for RSPE.
RSPE is categorized as S&P 500, while COMB is Commodities. They also come from different issuers: Invesco and GraniteShares. Their fees differ too: 0.20% for RSPE and 0.25% for COMB.
RSPE currently has the higher Sharpe Ratio (1.86 vs 1.56), 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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