RSPG vs. QLD

Last updated Jun 14, 2026

RSPG (Invesco S&P 500 Equal Weight Energy ETF) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, RSPG returned 9.46%/yr vs 35.67%/yr for QLD. At a 0.41 correlation, their price movements are largely independent. RSPG charges 0.40%/yr vs 0.95%/yr for QLD.

Performance

RSPG vs. QLD - 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 ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RSPG having a 31.50% return and QLD slightly higher at 32.65%. Over the past 10 years, RSPG has underperformed QLD with an annualized return of 9.46%, while QLD has yielded a comparatively higher 35.67% 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%

QLD

• 1D: 1.30%
• 1M: -0.55%
• YTD: 32.65%
• 6M: 32.82%
• 1Y: 73.89%
• 3Y*: 44.57%
• 5Y*: 23.24%
• 10Y*: 35.67%

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

RSPG vs. QLD - 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%
QLD ProShares Ultra QQQ	32.65%	30.36%	42.82%	117.72%	-60.52%	54.67%	88.90%	81.69%	-8.31%	70.34%

Correlation

The correlation between RSPG and QLD is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.41

The correlation between RSPG and QLD shifts across timeframes, from -0.11 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

RSPG vs. QLD - Sectors Allocation Comparison

Sectors	RSPG	QLD
Energy	100.0%	0.5%
Financial Services	0.0%	0.2%
Basic Materials	-	1.0%
Communication Services	-	14.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Healthcare	-	3.7%
Industrials	-	2.6%
Real Estate	-	0.1%
Technology	-	58.7%
Utilities	-	1.2%

Return for Risk

RSPG vs. QLD — 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

QLD

QLD Risk / Return Rank: 64
QLD Sharpe Ratio Rank: 73
QLD Sortino Ratio Rank: 61
QLD Omega Ratio Rank: 64
QLD Calmar Ratio Rank: 64
QLD Martin Ratio Rank: 61

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. QLD - 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 ProShares Ultra QQQ (QLD). 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	QLD	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.04	-0.19
Sortino ratio: Return per unit of downside risk	2.40	2.48	-0.08
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	3.30	2.78	+0.52
Martin ratio: Return relative to average drawdown	9.35	9.46	-0.12

RSPG vs. QLD - Sharpe Ratio Comparison

The current RSPG Sharpe Ratio is 1.84, which is comparable to the QLD Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of RSPG and QLD, 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. QLD - Drawdown Comparison

The maximum RSPG drawdown since its inception was -79.98%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for RSPG and QLD.

Drawdown Indicators

	RSPG	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.98%	-83.13%	+3.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-25.13%	+12.95%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-42.29%	+19.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-63.68%	+35.24%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	-63.68%	-9.49%
Current Drawdown Current decline from peak	-7.62%	-7.11%	-0.51%
Average Drawdown Average peak-to-trough decline	-25.44%	-18.16%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	7.36%	-3.07%

Volatility

RSPG vs. QLD - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Energy ETF (RSPG) is 7.06%, while ProShares Ultra QQQ (QLD) has a volatility of 15.14%. This indicates that RSPG experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPG	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	15.14%	-8.08%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	27.51%	-10.51%
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	34.29%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	45.07%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.54%	44.73%	-11.19%

RSPG vs. QLD - Expense Ratio Comparison

RSPG has a 0.40% expense ratio, which is lower than QLD's 0.95% expense ratio.

Dividends

RSPG vs. QLD - Dividend Comparison

RSPG's dividend yield for the trailing twelve months is around 1.99%, more than QLD's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLD ProShares Ultra QQQ	0.13%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
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 QLD in my portfolio?

RSPG and QLD have a correlation of -0.11, 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 QLD?

QLD has higher volatility (15.14%) compared to RSPG (7.06%). In terms of maximum drawdown, RSPG dropped -79.98% vs QLD's -83.13%.

Which ETF is better, RSPG or QLD?

On 10-year performance, QLD leads with 35.67% vs 9.46% for RSPG. On fees, RSPG is cheaper at 0.40% per year. On volatility, RSPG has been the lower-risk option at 7.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPG or QLD?

Over the 10-year period, QLD has performed better with a 35.67% return vs 9.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPG or QLD?

RSPG is cheaper with a 0.40% expense ratio, compared with 0.95% for QLD.

Which ETF pays a higher dividend yield, RSPG or QLD?

RSPG has the higher dividend yield at 1.99%, compared with 0.13% for QLD.

What is the main difference between RSPG and QLD?

RSPG is categorized as Energy Equities, while QLD is Leveraged Equities. RSPG tracks S&P 500 Equal Weight Energy Plus Index, while QLD tracks NASDAQ-100 Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.40% for RSPG and 0.95% for QLD.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (2.04 vs 1.84), 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.