RSPF vs. TFNS

Last updated Jun 5, 2026

RSPF (Invesco S&P 500 Equal Weight Financials ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. RSPF is passively managed, while TFNS is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. RSPF charges 0.40%/yr vs 0.44%/yr for TFNS.

Performance

RSPF vs. TFNS - 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 T. Rowe Price Financials ETF (TFNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPF achieves a -2.82% return, which is significantly higher than TFNS's -3.01% return.

RSPF

• 1D: 2.57%
• 1M: 0.34%
• YTD: -2.82%
• 6M: -0.50%
• 1Y: 5.58%
• 3Y*: 17.19%
• 5Y*: 5.89%
• 10Y*: 11.59%

TFNS

• 1D: 2.48%
• 1M: 1.06%
• YTD: -3.01%
• 6M: 0.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPF vs. TFNS - Yearly Performance Comparison

	2026 (YTD)	2025
RSPF Invesco S&P 500 Equal Weight Financials ETF	-2.82%	8.14%
TFNS T. Rowe Price Financials ETF	-3.01%	10.41%

Correlation

The correlation between RSPF and TFNS 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 (All Time) Calculated using the full available price history since Jun 13, 2025	0.93

RSPF vs. TFNS - Sectors Allocation Comparison

Sectors	RSPF	TFNS
Financial Services	92.7%	97.1%
Technology	6.1%	1.9%
Industrials	1.2%	0.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPF vs. TFNS — Risk / Return Rank

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

RSPF

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

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. TFNS - 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 T. Rowe Price Financials ETF (TFNS). 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	TFNS	Difference
Sharpe ratio: Return per unit of total volatility	0.37	—	—
Sortino ratio: Return per unit of downside risk	0.61	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.40	—	—
Martin ratio: Return relative to average drawdown	1.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSPF	TFNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.48	-0.27

Drawdowns

RSPF vs. TFNS - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for RSPF and TFNS.

Drawdown Indicators

	RSPF	TFNS	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-14.00%	-67.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	—	—
Current Drawdown Current decline from peak	-5.63%	-5.72%	+0.09%
Average Drawdown Average peak-to-trough decline	-19.04%	-3.83%	-15.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	—	—

Volatility

Volatility by Period

	RSPF	TFNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	15.22%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	15.22%	+4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.92%	15.22%	+7.70%

RSPF vs. TFNS - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is lower than TFNS's 0.44% expense ratio.

Dividends

RSPF vs. TFNS - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.66%, more than TFNS's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPF Invesco S&P 500 Equal Weight Financials ETF	1.66%	1.55%	1.65%	2.16%	1.95%	1.56%	2.24%	1.85%	2.51%	1.28%	37.55%	2.17%
TFNS T. Rowe Price Financials ETF	0.51%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSPF and TFNS in my portfolio?

With a correlation of 0.93, RSPF and TFNS 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 ETF is better, RSPF or TFNS?

On fees, RSPF is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSPF or TFNS?

RSPF is cheaper with a 0.40% expense ratio, compared with 0.44% for TFNS.

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

RSPF has the higher dividend yield at 1.66%, compared with 0.51% for TFNS.

What is the main difference between RSPF and TFNS?

They also come from different issuers: Invesco and T. Rowe Price. Their fees differ too: 0.40% for RSPF and 0.44% for TFNS.