RSPG vs. FSHOX

Last updated Jun 14, 2026

RSPG (Invesco S&P 500 Equal Weight Energy ETF) and FSHOX (Fidelity Select Construction & Housing Portfolio) are both funds - RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index, while FSHOX is a Consumer Discretionary Equities fund managed by Fidelity. Over the past 10 years, RSPG returned 9.46%/yr vs 15.05%/yr for FSHOX. At a 0.46 correlation, their price movements are largely independent. RSPG charges 0.40%/yr vs 0.76%/yr for FSHOX.

Performance

RSPG vs. FSHOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Fidelity Select Construction & Housing Portfolio (FSHOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPG achieves a 31.50% return, which is significantly higher than FSHOX's 7.27% return. Over the past 10 years, RSPG has underperformed FSHOX with an annualized return of 9.46%, while FSHOX has yielded a comparatively higher 15.05% annualized return.

RSPG

• 1D: 0.93%
• 1M: -1.22%
• YTD: 31.50%
• 6M: 28.78%
• 1Y: 37.06%
• 3Y*: 18.49%
• 5Y*: 20.90%
• 10Y*: 9.46%

FSHOX

• 1D: 3.42%
• 1M: 0.88%
• YTD: 7.27%
• 6M: 4.94%
• 1Y: 15.36%
• 3Y*: 14.91%
• 5Y*: 10.49%
• 10Y*: 15.05%

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

RSPG vs. FSHOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPG Invesco S&P 500 Equal Weight Energy ETF	31.50%	7.01%	6.09%	4.49%	57.97%	57.73%	-32.44%	13.38%	-24.68%	-6.39%
FSHOX Fidelity Select Construction & Housing Portfolio	7.27%	5.24%	15.28%	30.85%	-22.76%	57.51%	25.95%	41.15%	-15.87%	26.25%

Correlation

The correlation between RSPG and FSHOX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.46

The correlation between RSPG and FSHOX shifts across timeframes, from -0.01 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RSPG vs. FSHOX — Risk / Return Rank

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

RSPG

RSPG Risk / Return Rank: 62
RSPG Sharpe Ratio Rank: 64
RSPG Sortino Ratio Rank: 58
RSPG Omega Ratio Rank: 55
RSPG Calmar Ratio Rank: 74
RSPG Martin Ratio Rank: 60

FSHOX

FSHOX Risk / Return Rank: 12
FSHOX Sharpe Ratio Rank: 12
FSHOX Sortino Ratio Rank: 14
FSHOX Omega Ratio Rank: 12
FSHOX Calmar Ratio Rank: 13
FSHOX Martin Ratio Rank: 11

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.

RSPG vs. FSHOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Fidelity Select Construction & Housing Portfolio (FSHOX). 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.

	RSPG	FSHOX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.67	+1.17
Sortino ratio: Return per unit of downside risk	2.40	1.16	+1.24
Omega ratio: Gain probability vs. loss probability	1.30	1.13	+0.17
Calmar ratio: Return relative to maximum drawdown	3.30	0.84	+2.46
Martin ratio: Return relative to average drawdown	9.35	2.12	+7.22

RSPG vs. FSHOX - Sharpe Ratio Comparison

The current RSPG Sharpe Ratio is 1.84, which is higher than the FSHOX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of RSPG and FSHOX, 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

RSPG vs. FSHOX - Drawdown Comparison

The maximum RSPG drawdown since its inception was -79.98%, which is greater than FSHOX's maximum drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for RSPG and FSHOX.

Drawdown Indicators

	RSPG	FSHOX	Difference
Max Drawdown Largest peak-to-trough decline	-79.98%	-61.68%	-18.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-16.54%	+4.36%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-24.76%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-33.23%	+4.79%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	-43.67%	-29.50%
Current Drawdown Current decline from peak	-7.62%	-7.50%	-0.12%
Average Drawdown Average peak-to-trough decline	-25.44%	-9.84%	-15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	6.50%	-2.21%

Volatility

RSPG vs. FSHOX - Volatility Comparison

Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Fidelity Select Construction & Housing Portfolio (FSHOX) have volatilities of 7.06% and 7.41%, 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

	RSPG	FSHOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	7.41%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	16.57%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	20.56%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	21.82%	+6.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.54%	22.54%	+11.00%

RSPG vs. FSHOX - Expense Ratio Comparison

RSPG has a 0.40% expense ratio, which is lower than FSHOX's 0.76% expense ratio.

Dividends

RSPG vs. FSHOX - Dividend Comparison

RSPG's dividend yield for the trailing twelve months is around 1.99%, less than FSHOX's 6.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSHOX Fidelity Select Construction & Housing Portfolio	6.00%	3.91%	4.05%	0.82%	0.80%	5.45%	4.73%	7.91%	15.47%	13.62%	3.61%	3.26%
RSPG Invesco S&P 500 Equal Weight Energy ETF	1.99%	2.60%	2.43%	2.84%	3.43%	2.37%	3.15%	2.15%	2.18%	2.55%	1.14%	2.80%

Frequently Asked Questions

Can I hold both RSPG and FSHOX in my portfolio?

RSPG and FSHOX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPG or FSHOX?

FSHOX has higher volatility (7.41%) compared to RSPG (7.06%). In terms of maximum drawdown, RSPG dropped -79.98% vs FSHOX's -61.68%.

Which has better risk-adjusted returns?

RSPG currently has the higher Sharpe Ratio (1.84 vs 0.67), 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.