RSPF vs. IYF

Last updated Jun 4, 2026

RSPF (Invesco S&P 500 Equal Weight Financials ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds - RSPF tracks the S&P 500 Equal Weighted / Financials -SEC while IYF tracks the Dow Jones U.S. Financials Index. Both are passively managed. Over the past 10 years, RSPF returned 11.37%/yr vs 12.56%/yr for IYF. Their correlation of 0.90 suggests significant overlap in exposure. RSPF charges 0.40%/yr vs 0.42%/yr for IYF.

Performance

RSPF vs. IYF - 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 iShares U.S. Financials ETF (IYF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RSPF having a -5.25% return and IYF slightly higher at -5.20%. Over the past 10 years, RSPF has underperformed IYF with an annualized return of 11.37%, while IYF has yielded a comparatively higher 12.56% annualized return.

RSPF

• 1D: -1.76%
• 1M: -1.96%
• YTD: -5.25%
• 6M: -2.72%
• 1Y: 2.40%
• 3Y*: 15.99%
• 5Y*: 5.36%
• 10Y*: 11.37%

IYF

• 1D: -1.13%
• 1M: -1.00%
• YTD: -5.20%
• 6M: -3.00%
• 1Y: 5.96%
• 3Y*: 20.58%
• 5Y*: 9.52%
• 10Y*: 12.56%

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

RSPF vs. IYF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPF Invesco S&P 500 Equal Weight Financials ETF	-5.25%	10.23%	25.75%	6.43%	-10.64%	36.36%	5.49%	31.53%	-15.81%	21.57%
IYF iShares U.S. Financials ETF	-5.20%	18.25%	31.30%	15.32%	-11.33%	31.60%	-1.00%	31.86%	-9.39%	19.58%

Correlation

The correlation between RSPF and IYF is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.90

The correlation between RSPF and IYF has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

RSPF vs. IYF - Sectors Allocation Comparison

Sectors	RSPF	IYF
Financial Services	92.7%	99.0%
Technology	6.1%	0.3%
Industrials	1.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	0.7%
Utilities	-	-

Return for Risk

RSPF vs. IYF — Risk / Return Rank

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

RSPF

RSPF Risk / Return Rank: 10
RSPF Sharpe Ratio Rank: 11
RSPF Sortino Ratio Rank: 10
RSPF Omega Ratio Rank: 10
RSPF Calmar Ratio Rank: 10
RSPF Martin Ratio Rank: 11

IYF

IYF Risk / Return Rank: 14
IYF Sharpe Ratio Rank: 15
IYF Sortino Ratio Rank: 14
IYF Omega Ratio Rank: 14
IYF Calmar Ratio Rank: 14
IYF Martin Ratio Rank: 14

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. IYF - 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 iShares U.S. Financials ETF (IYF). 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	IYF	Difference
Sharpe ratio: Return per unit of total volatility	0.16	0.42	-0.26
Sortino ratio: Return per unit of downside risk	0.32	0.65	-0.33
Omega ratio: Gain probability vs. loss probability	1.04	1.08	-0.04
Calmar ratio: Return relative to maximum drawdown	0.17	0.43	-0.26
Martin ratio: Return relative to average drawdown	0.48	1.18	-0.70
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. IYF - Sharpe Ratio Comparison

The current RSPF Sharpe Ratio is 0.16, which is lower than the IYF Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of RSPF and IYF, 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

	RSPF	IYF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.42	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.50	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.60	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.22	-0.01

Drawdowns

RSPF vs. IYF - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, roughly equal to the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for RSPF and IYF.

Drawdown Indicators

	RSPF	IYF	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-79.09%	-2.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-13.88%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	-16.60%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-25.06%	-2.62%
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	-42.57%	-2.23%
Current Drawdown Current decline from peak	-7.99%	-8.10%	+0.11%
Average Drawdown Average peak-to-trough decline	-19.04%	-17.61%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	5.06%	-0.01%

Volatility

RSPF vs. IYF - Volatility Comparison

Invesco S&P 500 Equal Weight Financials ETF (RSPF) and iShares U.S. Financials ETF (IYF) have volatilities of 3.35% and 3.41%, 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	IYF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.41%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	10.80%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	14.34%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	19.00%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	20.89%	+2.02%

RSPF vs. IYF - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is lower than IYF's 0.42% expense ratio.

Dividends

RSPF vs. IYF - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.70%, more than IYF's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYF iShares U.S. Financials ETF	1.57%	1.32%	1.29%	1.67%	1.86%	1.27%	1.72%	1.64%	1.90%	1.46%	1.67%	1.66%
RSPF Invesco S&P 500 Equal Weight Financials ETF	1.70%	1.55%	1.65%	2.16%	1.95%	1.56%	2.24%	1.85%	2.51%	1.28%	37.55%	2.17%

Frequently Asked Questions

Can I hold both RSPF and IYF in my portfolio?

With a correlation of 0.93, RSPF and IYF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSPF or IYF?

IYF has higher volatility (3.41%) compared to RSPF (3.35%). In terms of maximum drawdown, RSPF dropped -81.32% vs IYF's -79.09%.

Which ETF is better, RSPF or IYF?

On 10-year performance, IYF leads with 12.56% vs 11.37% for RSPF. On fees, RSPF is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPF or IYF?

Over the 10-year period, IYF has performed better with a 12.56% return vs 11.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPF or IYF?

RSPF is cheaper with a 0.40% expense ratio, compared with 0.42% for IYF.

Which ETF pays a higher dividend yield, RSPF or IYF?

RSPF has the higher dividend yield at 1.70%, compared with 1.57% for IYF.

What is the main difference between RSPF and IYF?

RSPF tracks S&P 500 Equal Weighted / Financials -SEC, while IYF tracks Dow Jones U.S. Financials Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPF and 0.42% for IYF.

Which has better risk-adjusted returns?

IYF currently has the higher Sharpe Ratio (0.42 vs 0.16), 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.