RSPE vs. FAAR
RSPE (Invesco ESG S&P 500 Equal Weight ETF) and FAAR (First Trust Alternative Absolute Return Strategy 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 FAAR is a Commodities fund actively managed by First Trust. RSPE is passively managed, while FAAR is actively managed. Over the past 3 years, RSPE returned 16.51%/yr vs 10.91%/yr for FAAR. At a correlation of -0.01, they often move in opposite directions. RSPE charges 0.20%/yr vs 0.95%/yr for FAAR.
Performance
RSPE vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, RSPE achieves a 13.45% return, which is significantly lower than FAAR's 20.23% return.
RSPE
- 1D
- 0.14%
- 1M
- 3.44%
- YTD
- 13.45%
- 6M
- 12.29%
- 1Y
- 27.72%
- 3Y*
- 16.51%
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
RSPE vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RSPE Invesco ESG S&P 500 Equal Weight ETF | 13.45% | 14.58% | 10.87% | 13.97% | -12.21% | 1.42% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | -1.99% |
Correlation
The correlation between RSPE and FAAR 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | -0.01 |
The correlation between RSPE and FAAR shifts across timeframes, from -0.11 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPE vs. FAAR — Risk / Return Rank
RSPE
FAAR
RSPE vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.75 | -1.64 |
| Martin ratioReturn relative to average drawdown | 12.29 | 14.70 | -2.41 |
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Drawdowns
RSPE vs. FAAR - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.93%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for RSPE and FAAR.
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Drawdown Indicators
| RSPE | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -18.03% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -5.68% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -11.54% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.73% | -5.43% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -7.82% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.89% | +0.37% |
Volatility
RSPE vs. FAAR - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 4.01% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.47%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPE | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 2.47% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 9.68% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 13.37% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 12.95% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 11.53% | +5.22% |
RSPE vs. FAAR - Expense Ratio Comparison
RSPE has a 0.20% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
RSPE vs. FAAR - Dividend Comparison
RSPE's dividend yield for the trailing twelve months is around 1.85%, less than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
RSPE Invesco ESG S&P 500 Equal Weight ETF | 1.85% | 1.63% | 1.57% | 1.91% | 1.83% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPE and FAAR 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.
RSPE has higher volatility (4.01%) compared to FAAR (2.47%). In terms of maximum drawdown, RSPE dropped -22.93% vs FAAR's -18.03%.
On 3-year performance, RSPE leads with 16.51% vs 10.91% for FAAR. On fees, RSPE is cheaper at 0.20% per year. On volatility, FAAR has been the lower-risk option at 2.47%. 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 16.51% return vs 10.91%. 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 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 1.85% for RSPE.
RSPE is categorized as S&P 500, while FAAR is Commodities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.20% for RSPE and 0.95% for FAAR.
RSPE currently has the higher Sharpe Ratio (2.17 vs 2.02), 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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