RSPF vs. FNCL

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Financials ETF (RSPF) and Fidelity MSCI Financials Index ETF (FNCL).

RSPF and FNCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPF is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Financials -SEC. It was launched on Nov 1, 2006. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013. Both RSPF and FNCL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RSPF vs. FNCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Financials ETF (RSPF) and Fidelity MSCI Financials Index ETF (FNCL). The values are adjusted to include any dividend payments, if applicable.

RSPF vs. FNCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPF Invesco S&P 500 Equal Weight Financials ETF	-8.56%	10.23%	25.75%	6.43%	-10.64%	36.36%	5.49%	31.53%	-15.81%	21.57%
FNCL Fidelity MSCI Financials Index ETF	-9.17%	14.94%	30.44%	14.10%	-12.28%	34.92%	-2.19%	31.59%	-13.44%	19.99%

Returns By Period

In the year-to-date period, RSPF achieves a -8.56% return, which is significantly higher than FNCL's -9.17% return. Over the past 10 years, RSPF has underperformed FNCL with an annualized return of 11.41%, while FNCL has yielded a comparatively higher 12.25% annualized return.

RSPF

• 1D: 2.10%
• 1M: -4.20%
• YTD: -8.56%
• 6M: -7.38%
• 1Y: 0.10%
• 3Y*: 14.42%
• 5Y*: 6.78%
• 10Y*: 11.41%

FNCL

• 1D: 2.23%
• 1M: -3.42%
• YTD: -9.17%
• 6M: -7.18%
• 1Y: 2.69%
• 3Y*: 17.96%
• 5Y*: 9.30%
• 10Y*: 12.25%

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

RSPF vs. FNCL - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is higher than FNCL's 0.08% expense ratio.

RSPF

Invesco S&P 500 Equal Weight Financials ETF

FNCL

Fidelity MSCI Financials Index ETF

Return for Risk

RSPF vs. FNCL — Risk / Return Rank

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

RSPF

RSPF Risk / Return Rank: 13
RSPF Sharpe Ratio Rank: 12
RSPF Sortino Ratio Rank: 12
RSPF Omega Ratio Rank: 12
RSPF Calmar Ratio Rank: 14
RSPF Martin Ratio Rank: 14

FNCL

FNCL Risk / Return Rank: 17
FNCL Sharpe Ratio Rank: 16
FNCL Sortino Ratio Rank: 15
FNCL Omega Ratio Rank: 16
FNCL Calmar Ratio Rank: 18
FNCL Martin Ratio Rank: 18

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.

RSPF vs. FNCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Financials ETF (RSPF) and Fidelity MSCI Financials Index ETF (FNCL). 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.

	RSPF	FNCL	Difference
Sharpe ratio Return per unit of total volatility	0.01	0.14	-0.13
Sortino ratio Return per unit of downside risk	0.14	0.32	-0.17
Omega ratio Gain probability vs. loss probability	1.02	1.05	-0.03
Calmar ratio Return relative to maximum drawdown	0.10	0.26	-0.16
Martin ratio Return relative to average drawdown	0.30	0.79	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPF vs. FNCL - Sharpe Ratio Comparison

The current RSPF Sharpe Ratio is 0.01, which is lower than the FNCL Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of RSPF and FNCL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSPF	FNCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	0.14	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.48	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.55	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.52	-0.32

Correlation

The correlation between RSPF and FNCL is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RSPF vs. FNCL - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.77%, more than FNCL's 1.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPF Invesco S&P 500 Equal Weight Financials ETF	1.77%	1.55%	1.65%	2.16%	1.95%	1.56%	2.24%	1.85%	2.51%	1.28%	37.55%	2.17%
FNCL Fidelity MSCI Financials Index ETF	1.75%	1.45%	1.52%	1.91%	2.29%	1.75%	2.26%	2.17%	2.37%	1.60%	1.81%	2.17%

Drawdowns

RSPF vs. FNCL - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, which is greater than FNCL's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for RSPF and FNCL.

Drawdown Indicators

	RSPF	FNCL	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-44.38%	-36.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-14.78%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-25.68%	-2.00%
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	-44.38%	-0.42%
Current Drawdown Current decline from peak	-11.20%	-11.94%	+0.74%
Average Drawdown Average peak-to-trough decline	-19.15%	-6.89%	-12.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	4.92%	-0.08%

Volatility

RSPF vs. FNCL - Volatility Comparison

Invesco S&P 500 Equal Weight Financials ETF (RSPF) and Fidelity MSCI Financials Index ETF (FNCL) have volatilities of 4.92% and 4.88%, 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.

Volatility by Period

	RSPF	FNCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	4.88%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	11.75%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	20.02%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.90%	19.34%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.92%	22.35%	+0.57%