RSPF vs. VINIX

Last updated Jun 24, 2026

RSPF (Invesco S&P 500 Equal Weight Financials ETF) and VINIX (Vanguard Institutional Index Fund Institutional Shares) are both funds - RSPF is a Financials Equities fund tracking the S&P 500 Equal Weighted / Financials -SEC, while VINIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RSPF returned 12.51%/yr vs 15.85%/yr for VINIX. A 0.75 correlation means they provide meaningful diversification when combined. RSPF charges 0.40%/yr vs 0.04%/yr for VINIX.

Performance

RSPF vs. VINIX - 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 Vanguard Institutional Index Fund Institutional Shares (VINIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPF achieves a -0.50% return, which is significantly lower than VINIX's 9.78% return. Over the past 10 years, RSPF has underperformed VINIX with an annualized return of 12.51%, while VINIX has yielded a comparatively higher 15.85% 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%

VINIX

• 1D: -0.37%
• 1M: 0.10%
• YTD: 9.78%
• 6M: 8.78%
• 1Y: 25.49%
• 3Y*: 21.79%
• 5Y*: 13.73%
• 10Y*: 15.85%

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

RSPF vs. VINIX - 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%
VINIX Vanguard Institutional Index Fund Institutional Shares	9.78%	17.85%	26.28%	25.77%	-18.15%	28.67%	18.40%	31.46%	-4.42%	21.79%

Correlation

The correlation between RSPF and VINIX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.75

The correlation between RSPF and VINIX shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

RSPF vs. VINIX - Sectors Allocation Comparison

Sectors	RSPF	VINIX
Financial Services	92.6%	11.6%
Technology	6.1%	35.7%
Industrials	1.3%	8.3%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

RSPF vs. VINIX — 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: 14
RSPF Omega Ratio Rank: 14
RSPF Calmar Ratio Rank: 14
RSPF Martin Ratio Rank: 14

VINIX

VINIX Risk / Return Rank: 65
VINIX Sharpe Ratio Rank: 64
VINIX Sortino Ratio Rank: 57
VINIX Omega Ratio Rank: 59
VINIX Calmar Ratio Rank: 68
VINIX Martin Ratio Rank: 78

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. VINIX - 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 Vanguard Institutional Index Fund Institutional Shares (VINIX). 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	VINIX	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.15	-1.72
Sortino ratio: Return per unit of downside risk	0.69	2.91	-2.22
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.31
Calmar ratio: Return relative to maximum drawdown	0.46	3.01	-2.56
Martin ratio: Return relative to average drawdown	1.26	13.61	-12.36

RSPF vs. VINIX - Sharpe Ratio Comparison

The current RSPF Sharpe Ratio is 0.43, which is lower than the VINIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of RSPF and VINIX, 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. VINIX - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, which is greater than VINIX's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSPF and VINIX.

Drawdown Indicators

	RSPF	VINIX	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-55.19%	-26.13%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-8.90%	-5.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	-18.75%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-24.51%	-3.17%
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	-33.79%	-11.01%
Current Drawdown Current decline from peak	-3.38%	-1.72%	-1.66%
Average Drawdown Average peak-to-trough decline	-19.00%	-8.52%	-10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	1.97%	+3.17%

Volatility

RSPF vs. VINIX - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Financials ETF (RSPF) is 4.11%, while Vanguard Institutional Index Fund Institutional Shares (VINIX) has a volatility of 4.67%. This indicates that RSPF experiences smaller price fluctuations and is considered to be less risky than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPF	VINIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	4.67%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	9.84%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	12.50%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	16.98%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	18.11%	+4.76%

RSPF vs. VINIX - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is higher than VINIX's 0.04% expense ratio.

Dividends

RSPF vs. VINIX - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.62%, less than VINIX's 2.44% 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%
VINIX Vanguard Institutional Index Fund Institutional Shares	2.44%	2.10%	3.64%	2.65%	3.38%	4.77%	3.06%	2.85%	2.43%	1.82%	2.36%	2.45%

Frequently Asked Questions

Can I hold both RSPF and VINIX in my portfolio?

RSPF and VINIX have a correlation of 0.56, 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 VINIX?

VINIX has higher volatility (4.67%) compared to RSPF (4.11%). In terms of maximum drawdown, RSPF dropped -81.32% vs VINIX's -55.19%.

Which has better risk-adjusted returns?

VINIX currently has the higher Sharpe Ratio (2.15 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.