RSPF vs. RSP

Last updated Aug 2, 2026

RSPF (Invesco S&P 500 Equal Weight Financials ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - RSPF is a Financials Equities fund tracking the S&P 500 Equal Weighted / Financials -SEC, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, RSPF returned 12.64%/yr vs 11.94%/yr for RSP. Their correlation of 0.81 means they have usually moved in the same direction. RSPF charges 0.40%/yr vs 0.20%/yr for RSP.

Performance

RSPF vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPF achieves a 7.16% return, which is significantly lower than RSP's 13.16% return. Over the past 10 years, RSPF has outperformed RSP with an annualized return of 12.64%, while RSP has yielded a comparatively lower 11.94% annualized return.

RSPF

• 1D: -0.28%
• 1M: 2.81%
• 6M: 8.05%
• YTD: 7.16%
• 1Y: 13.09%
• 3Y*: 17.38%
• 5Y*: 9.06%
• 10Y*: 12.64%
• ALL TIME*: 6.71%

RSP

• 1D: -0.17%
• 1M: 0.05%
• 6M: 9.43%
• YTD: 13.16%
• 1Y: 20.39%
• 3Y*: 13.55%
• 5Y*: 8.88%
• 10Y*: 11.94%
• ALL TIME*: 11.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RSP Invesco S&P 500 Equal Weight ETF	$1.86B	$1.85B	$2.06B
RSPF Invesco S&P 500 Equal Weight Financials ETF	$1.52M	$1.88M	$1.39M

RSPF vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPF Invesco S&P 500 Equal Weight Financials ETF	7.16%	10.23%	25.75%	6.43%	-10.64%	36.36%	5.49%	31.53%	-15.81%	21.57%
RSP Invesco S&P 500 Equal Weight ETF	13.16%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Correlation

The correlation between RSPF and RSP is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.81

The correlation between RSPF and RSP shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

RSPF vs. RSP - Sectors Allocation Comparison

Sectors	RSPF	RSP
Financial Services	91.9%	14.8%
Technology	6.6%	16.9%
Industrials	1.5%	14.6%
Basic Materials	-	4.6%
Communication Services	-	3.3%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	6.2%
Energy	-	4.2%
Healthcare	-	11.8%
Real Estate	-	6.0%
Utilities	-	6.6%

Return for Risk

RSPF vs. RSP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPF

RSPF Risk / Return Rank: 28
RSPF Sharpe Ratio Rank: 29
RSPF Sortino Ratio Rank: 29
RSPF Omega Ratio Rank: 28
RSPF Calmar Ratio Rank: 25
RSPF Martin Ratio Rank: 27

RSP

RSP Risk / Return Rank: 73
RSP Sharpe Ratio Rank: 73
RSP Sortino Ratio Rank: 74
RSP Omega Ratio Rank: 69
RSP Calmar Ratio Rank: 71
RSP Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPF vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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.

	RSPF	RSP	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.63	-0.91
Sortino ratio: Return per unit of downside risk	1.10	2.38	-1.28
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.15
Calmar ratio: Return relative to maximum drawdown	0.79	2.43	-1.64
Martin ratio: Return relative to average drawdown	2.17	9.43	-7.26

RSPF vs. RSP - Sharpe Ratio Comparison

The current RSPF Sharpe Ratio is 0.72, which is lower than the RSP Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of RSPF and RSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPF vs. RSP - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for RSPF and RSP.

Drawdown Indicators

	RSPF	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-59.92%	-21.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-7.85%	-6.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	-17.81%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-21.38%	-6.30%
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	-39.04%	-5.76%
Current Drawdown Current decline from peak	-1.74%	-1.23%	-0.51%
Average Drawdown Average peak-to-trough decline	-18.90%	-6.61%	-12.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	2.02%	+3.11%

Volatility

RSPF vs. RSP - Volatility Comparison

Invesco S&P 500 Equal Weight Financials ETF (RSPF) has a higher volatility of 4.45% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.88%. This indicates that RSPF's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPF	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	2.88%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	8.59%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	11.76%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	16.16%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	18.28%	+4.57%

RSPF vs. RSP - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

RSPF vs. RSP - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.51%, more than RSP's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.49%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
RSPF Invesco S&P 500 Equal Weight Financials ETF	1.51%	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 RSP in my portfolio?

RSPF and RSP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPF or RSP?

RSPF has higher volatility (4.45%) compared to RSP (2.88%). In terms of maximum drawdown, RSPF dropped -81.32% vs RSP's -59.92%.

Which ETF is better, RSPF or RSP?

On 10-year performance, RSPF leads with 12.64% vs 11.94% for RSP. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPF or RSP?

Over the 10-year period, RSPF has performed better with a 12.64% return vs 11.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPF or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.40% for RSPF.

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

RSPF has the higher dividend yield at 1.51%, compared with 1.49% for RSP.

What is the main difference between RSPF and RSP?

RSPF is categorized as Financials Equities, while RSP is S&P 500. RSPF tracks S&P 500 Equal Weighted / Financials -SEC, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for RSPF and 0.20% for RSP.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.63 vs 0.72), 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.