RSPF vs. SPHD
RSPF (Invesco S&P 500 Equal Weight Financials ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - RSPF is a Financials Equities fund tracking the S&P 500 Equal Weighted / Financials -SEC, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, RSPF returned 12.51%/yr vs 7.55%/yr for SPHD. A 0.72 correlation means they provide meaningful diversification when combined. RSPF charges 0.40%/yr vs 0.30%/yr for SPHD.
Performance
RSPF vs. SPHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RSPF achieves a -0.50% return, which is significantly lower than SPHD's 8.20% return. Over the past 10 years, RSPF has outperformed SPHD with an annualized return of 12.51%, while SPHD has yielded a comparatively lower 7.55% annualized return.
RSPF
- 1D
- 0.21%
- 1M
- 2.51%
- YTD
- -0.50%
- 6M
- -1.82%
- 1Y
- 6.44%
- 3Y*
- 18.00%
- 5Y*
- 7.35%
- 10Y*
- 12.51%
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
RSPF vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPF Invesco S&P 500 Equal Weight Financials ETF | -0.50% | 10.23% | 25.75% | 6.43% | -10.64% | 36.36% | 5.49% | 31.53% | -15.81% | 21.57% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between RSPF and SPHD is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.72 |
Over the past year, the correlation between RSPF and SPHD has dropped to 0.52 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RSPF vs. SPHD — Risk / Return Rank
RSPF
SPHD
RSPF vs. SPHD - 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® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.66 | -1.20 |
| Martin ratioReturn relative to average drawdown | 1.26 | 4.06 | -2.81 |
Loading charts...
Drawdowns
RSPF vs. SPHD - Drawdown Comparison
The maximum RSPF drawdown since its inception was -81.32%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for RSPF and SPHD.
Loading charts...
Drawdown Indicators
| RSPF | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.32% | -41.39% | -39.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.13% | -7.33% | -6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -13.29% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -19.50% | -8.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.80% | -41.39% | -3.41% |
Current DrawdownCurrent decline from peak | -3.38% | -1.91% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -19.00% | -4.69% | -14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 2.98% | +2.16% |
Volatility
RSPF vs. SPHD - Volatility Comparison
Invesco S&P 500 Equal Weight Financials ETF (RSPF) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 4.11% and 4.26%, 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.
Loading charts...
Volatility by Period
| RSPF | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.26% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 8.13% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 11.48% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 14.16% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 17.65% | +5.22% |
RSPF vs. SPHD - Expense Ratio Comparison
RSPF has a 0.40% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
RSPF vs. SPHD - Dividend Comparison
RSPF's dividend yield for the trailing twelve months is around 1.62%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPF Invesco S&P 500 Equal Weight Financials ETF | 1.62% | 1.55% | 1.65% | 2.16% | 1.95% | 1.56% | 2.24% | 1.85% | 2.51% | 1.28% | 37.55% | 2.17% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
RSPF and SPHD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.26%) compared to RSPF (4.11%). In terms of maximum drawdown, RSPF dropped -81.32% vs SPHD's -41.39%.
On 10-year performance, RSPF leads with 12.51% vs 7.55% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, RSPF has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSPF has performed better with a 12.51% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.40% for RSPF.
SPHD has the higher dividend yield at 4.60%, compared with 1.62% for RSPF.
RSPF is categorized as Financials Equities, while SPHD is Dividend. RSPF tracks S&P 500 Equal Weighted / Financials -SEC, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.40% for RSPF and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (1.06 vs 0.43), 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.
Find the right allocation for RSPF and SPHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer