RSPE vs. FTGC
RSPE (Invesco ESG S&P 500 Equal Weight ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while FTGC is a Commodities fund actively managed by First Trust. RSPE is passively managed, while FTGC is actively managed. Over the past 3 years, RSPE returned 16.51%/yr vs 14.70%/yr for FTGC. At a 0.17 correlation, their price movements are largely independent. RSPE charges 0.20%/yr vs 0.95%/yr for FTGC.
Performance
RSPE vs. FTGC - 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 FTGC'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*
- —
FTGC
- 1D
- -0.24%
- 1M
- -6.30%
- YTD
- 20.23%
- 6M
- 20.44%
- 1Y
- 26.86%
- 3Y*
- 14.70%
- 5Y*
- 12.56%
- 10Y*
- 7.28%
RSPE vs. FTGC - 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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 20.23% | 14.61% | 9.96% | -5.36% | 17.36% | -1.58% |
Correlation
The correlation between RSPE and FTGC is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.17 |
The correlation between RSPE and FTGC shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPE vs. FTGC — Risk / Return Rank
RSPE
FTGC
RSPE vs. FTGC - 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 Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.74 | +0.37 |
| Martin ratioReturn relative to average drawdown | 12.29 | 9.43 | +2.86 |
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Drawdowns
RSPE vs. FTGC - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.93%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for RSPE and FTGC.
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Drawdown Indicators
| RSPE | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -59.47% | +36.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -9.84% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -10.39% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -0.73% | -9.84% | +9.11% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -27.34% | +21.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.98% | -0.72% |
Volatility
RSPE vs. FTGC - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 4.01% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 2.99%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPE | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 2.99% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 13.17% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 15.69% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 15.86% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 14.71% | +2.04% |
RSPE vs. FTGC - Expense Ratio Comparison
RSPE has a 0.20% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
RSPE vs. FTGC - Dividend Comparison
RSPE's dividend yield for the trailing twelve months is around 1.85%, less than FTGC's 15.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.95% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
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 FTGC have a correlation of -0.07, 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 FTGC (2.99%). In terms of maximum drawdown, RSPE dropped -22.93% vs FTGC's -59.47%.
On 3-year performance, RSPE leads with 16.51% vs 14.70% for FTGC. On fees, RSPE is cheaper at 0.20% per year. On volatility, FTGC has been the lower-risk option at 2.99%. 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 14.70%. 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 FTGC.
FTGC has the higher dividend yield at 15.95%, compared with 1.85% for RSPE.
RSPE is categorized as S&P 500, while FTGC is Commodities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.20% for RSPE and 0.95% for FTGC.
RSPE currently has the higher Sharpe Ratio (2.17 vs 1.72), 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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