RSPG vs. QQQM

Last updated Jun 4, 2026

RSPG (Invesco S&P 500 Equal Weight Energy ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, RSPG returned 21.10%/yr vs 18.07%/yr for QQQM. At a 0.18 correlation, their price movements are largely independent. RSPG charges 0.40%/yr vs 0.15%/yr for QQQM.

Performance

RSPG vs. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPG achieves a 34.27% return, which is significantly higher than QQQM's 21.39% return.

RSPG

• 1D: 1.25%
• 1M: -2.65%
• YTD: 34.27%
• 6M: 28.95%
• 1Y: 47.49%
• 3Y*: 19.93%
• 5Y*: 21.10%
• 10Y*: 9.73%

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 10Y*: —

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

RSPG vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RSPG Invesco S&P 500 Equal Weight Energy ETF	34.27%	7.01%	6.09%	4.49%	57.97%	57.73%	36.72%
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Correlation

The correlation between RSPG and QQQM 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	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.18

The correlation between RSPG and QQQM shifts across timeframes, from -0.11 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

RSPG vs. QQQM - Sectors Allocation Comparison

Sectors	RSPG	QQQM
Energy	100.0%	0.6%
Financial Services	0.0%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

RSPG vs. QQQM — Risk / Return Rank

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

RSPG

RSPG Risk / Return Rank: 64
RSPG Sharpe Ratio Rank: 65
RSPG Sortino Ratio Rank: 58
RSPG Omega Ratio Rank: 56
RSPG Calmar Ratio Rank: 77
RSPG Martin Ratio Rank: 63

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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.

	RSPG	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.65	-0.45
Sortino ratio: Return per unit of downside risk	2.80	3.46	-0.67
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	3.92	3.53	+0.39
Martin ratio: Return relative to average drawdown	11.59	13.52	-1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPG vs. QQQM - Sharpe Ratio Comparison

The current RSPG Sharpe Ratio is 2.20, which is comparable to the QQQM Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of RSPG and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPG	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.65	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.82	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.85	-0.67

Drawdowns

RSPG vs. QQQM - Drawdown Comparison

The maximum RSPG drawdown since its inception was -79.98%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for RSPG and QQQM.

Drawdown Indicators

	RSPG	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-79.98%	-35.04%	-44.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-11.96%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-22.70%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-35.04%	+6.60%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	—	—
Current Drawdown Current decline from peak	-5.67%	-0.20%	-5.47%
Average Drawdown Average peak-to-trough decline	-25.47%	-8.25%	-17.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	3.11%	+1.00%

Volatility

RSPG vs. QQQM - Volatility Comparison

Invesco S&P 500 Equal Weight Energy ETF (RSPG) has a higher volatility of 8.19% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.48%. This indicates that RSPG's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPG	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.19%	4.48%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	16.77%	12.05%	+4.72%
Volatility (1Y) Calculated over the trailing 1-year period	21.69%	15.91%	+5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.31%	22.24%	+6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.57%	22.12%	+11.45%

RSPG vs. QQQM - Expense Ratio Comparison

RSPG has a 0.40% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

RSPG vs. QQQM - Dividend Comparison

RSPG's dividend yield for the trailing twelve months is around 1.94%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPG Invesco S&P 500 Equal Weight Energy ETF	1.94%	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 QQQM in my portfolio?

RSPG and QQQM 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 QQQM?

RSPG has higher volatility (8.19%) compared to QQQM (4.48%). In terms of maximum drawdown, RSPG dropped -79.98% vs QQQM's -35.04%.

Which ETF is better, RSPG or QQQM?

On 5-year performance, RSPG leads with 21.10% vs 18.07% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPG or QQQM?

Over the 5-year period, RSPG has performed better with a 21.10% return vs 18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPG or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.40% for RSPG.

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

RSPG has the higher dividend yield at 1.94%, compared with 0.41% for QQQM.

What is the main difference between RSPG and QQQM?

RSPG is categorized as Energy Equities, while QQQM is Nasdaq-100. RSPG tracks S&P 500 Equal Weight Energy Plus Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.40% for RSPG and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.65 vs 2.20), 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.