RSPE vs. XRMI

Last updated Jun 4, 2026

RSPE (Invesco ESG S&P 500 Equal Weight ETF) and XRMI (Global X S&P 500 Risk Managed Income 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 XRMI is a Derivative Income fund tracking the Cboe S&P 500 Risk Managed Income Index. Both are passively managed. Over the past 3 years, RSPE returned 16.43%/yr vs 6.71%/yr for XRMI. A 0.67 correlation means they provide meaningful diversification when combined. RSPE charges 0.20%/yr vs 0.60%/yr for XRMI.

Performance

RSPE vs. XRMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG S&P 500 Equal Weight ETF (RSPE) and Global X S&P 500 Risk Managed Income ETF (XRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPE achieves a 12.08% return, which is significantly higher than XRMI's 1.75% return.

RSPE

• 1D: -0.17%
• 1M: 6.26%
• YTD: 12.08%
• 6M: 13.64%
• 1Y: 26.55%
• 3Y*: 16.43%
• 5Y*: —
• 10Y*: —

XRMI

• 1D: -0.20%
• 1M: 1.38%
• YTD: 1.75%
• 6M: 2.96%
• 1Y: 9.48%
• 3Y*: 6.71%
• 5Y*: —
• 10Y*: —

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

RSPE vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RSPE Invesco ESG S&P 500 Equal Weight ETF	12.08%	14.58%	10.87%	13.97%	-12.21%	1.37%
XRMI Global X S&P 500 Risk Managed Income ETF	1.75%	4.60%	15.18%	4.22%	-14.06%	0.48%

Correlation

The correlation between RSPE and XRMI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021	0.67

The correlation between RSPE and XRMI shifts across timeframes, from 0.56 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

RSPE vs. XRMI - Sectors Allocation Comparison

Sectors	RSPE	XRMI
Technology	21.3%	35.6%
Financial Services	15.3%	11.8%
Industrials	14.7%	8.3%
Healthcare	12.9%	8.5%
Consumer Cyclical	10.0%	10.2%
Consumer Defensive	7.3%	4.9%
Real Estate	6.5%	1.9%
Basic Materials	5.0%	1.8%
Communication Services	3.7%	11.2%
Utilities	3.1%	2.4%
Energy	-	3.5%

Return for Risk

RSPE vs. XRMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSPE

RSPE Risk / Return Rank: 63
RSPE Sharpe Ratio Rank: 64
RSPE Sortino Ratio Rank: 65
RSPE Omega Ratio Rank: 60
RSPE Calmar Ratio Rank: 60
RSPE Martin Ratio Rank: 65

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 55
XRMI Calmar Ratio Rank: 39
XRMI Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSPE vs. XRMI - 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 Global X S&P 500 Risk Managed Income ETF (XRMI). 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.

	RSPE	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.78	+0.34
Sortino ratio: Return per unit of downside risk	3.02	2.48	+0.54
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	2.98	1.90	+1.08
Martin ratio: Return relative to average drawdown	11.80	7.70	+4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPE vs. XRMI - Sharpe Ratio Comparison

The current RSPE Sharpe Ratio is 2.12, which is comparable to the XRMI Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of RSPE and XRMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPE	XRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.78	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.37	+0.14

Drawdowns

RSPE vs. XRMI - Drawdown Comparison

The maximum RSPE drawdown since its inception was -22.93%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for RSPE and XRMI.

Drawdown Indicators

	RSPE	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-22.93%	-15.31%	-7.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-5.02%	-3.93%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-8.34%	-10.24%
Current Drawdown Current decline from peak	-0.17%	-0.20%	+0.03%
Average Drawdown Average peak-to-trough decline	-6.06%	-5.94%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.23%	+1.03%

Volatility

RSPE vs. XRMI - Volatility Comparison

Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 2.97% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 0.89%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPE	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	0.89%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	4.21%	+4.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	5.39%	+7.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	6.91%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	6.91%	+9.84%

RSPE vs. XRMI - Expense Ratio Comparison

RSPE has a 0.20% expense ratio, which is lower than XRMI's 0.60% expense ratio.

Dividends

RSPE vs. XRMI - Dividend Comparison

RSPE's dividend yield for the trailing twelve months is around 1.47%, less than XRMI's 12.62% yield.

Position	TTM	2025	2024	2023	2022	2021
RSPE Invesco ESG S&P 500 Equal Weight ETF	1.47%	1.63%	1.57%	1.91%	1.83%	0.29%
XRMI Global X S&P 500 Risk Managed Income ETF	12.62%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both RSPE and XRMI in my portfolio?

RSPE and XRMI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPE or XRMI?

RSPE has higher volatility (2.97%) compared to XRMI (0.89%). In terms of maximum drawdown, RSPE dropped -22.93% vs XRMI's -15.31%.

Which ETF is better, RSPE or XRMI?

On 3-year performance, RSPE leads with 16.43% vs 6.71% for XRMI. On fees, RSPE is cheaper at 0.20% per year. On volatility, XRMI has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPE or XRMI?

Over the 3-year period, RSPE has performed better with a 16.43% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPE or XRMI?

RSPE is cheaper with a 0.20% expense ratio, compared with 0.60% for XRMI.

Which ETF pays a higher dividend yield, RSPE or XRMI?

XRMI has the higher dividend yield at 12.62%, compared with 1.47% for RSPE.

What is the main difference between RSPE and XRMI?

RSPE is categorized as S&P 500, while XRMI is Derivative Income. RSPE tracks S&P 500 Equal Weight ESG Leaders Select Index, while XRMI tracks Cboe S&P 500 Risk Managed Income Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.20% for RSPE and 0.60% for XRMI.

Which has better risk-adjusted returns?

RSPE currently has the higher Sharpe Ratio (2.12 vs 1.78), 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.