RSPG vs. QVMT
RSPG (Invesco S&P 500 Equal Weight Energy ETF) and QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) are both exchange-traded funds - RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index, while QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index. Both are passively managed. Over the past 10 years, RSPG returned 9.99%/yr vs 12.55%/yr for QVMT. Their 0.59 correlation means they have sometimes moved together and sometimes differently. RSPG charges 0.40%/yr vs 0.13%/yr for QVMT.
Performance
RSPG vs. QVMT - Performance Comparison
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Returns By Period
In the year-to-date period, RSPG achieves a 35.64% return, which is significantly higher than QVMT's 14.62% return. Over the past 10 years, RSPG has underperformed QVMT with an annualized return of 9.99%, while QVMT has yielded a comparatively higher 12.55% annualized return.
RSPG
- 1D
- 1.45%
- 1M
- 9.65%
- 6M
- 20.75%
- YTD
- 35.64%
- 1Y
- 46.87%
- 3Y*
- 15.10%
- 5Y*
- 24.85%
- 10Y*
- 9.99%
- ALL TIME*
- 6.10%
QVMT
- 1D
- -0.50%
- 1M
- -2.65%
- 6M
- 11.45%
- YTD
- 14.62%
- 1Y
- 32.14%
- 3Y*
- 17.87%
- 5Y*
- 12.30%
- 10Y*
- 12.55%
- ALL TIME*
- 11.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $936.15K | $987.45K | $703.91K | |
| $7.49M | $8.09M | $10.58M |
RSPG vs. QVMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPG Invesco S&P 500 Equal Weight Energy ETF | 35.64% | 7.01% | 6.09% | 4.49% | 57.97% | 57.73% | -32.44% | 13.38% | -24.68% | -6.39% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 14.62% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
Correlation
The correlation between RSPG and QVMT is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.59 |
Over the past year, the correlation between RSPG and QVMT has dropped to 0.24 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
RSPG vs. QVMT — Risk / Return Rank
RSPG
QVMT
RSPG vs. QVMT - 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 S&P S&P 500 Concentrated QVM ETF (QVMT). 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 | QVMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.27 | -0.10 |
| Martin ratioReturn relative to average drawdown | 8.07 | 13.45 | -5.38 |
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Drawdowns
RSPG vs. QVMT - Drawdown Comparison
The maximum RSPG drawdown since its inception was -79.98%, which is greater than QVMT's maximum drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for RSPG and QVMT.
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Drawdown Indicators
| RSPG | QVMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.98% | -48.05% | -31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -9.23% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | -14.42% | -8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.44% | -21.95% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -48.05% | -25.12% |
Current DrawdownCurrent decline from peak | -4.71% | -7.15% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -25.33% | -6.29% | -19.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 2.25% | +3.18% |
Volatility
RSPG vs. QVMT - Volatility Comparison
Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) have volatilities of 6.13% and 6.32%, 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.
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Volatility by Period
| RSPG | QVMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.32% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 12.06% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 14.90% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 17.52% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.44% | 21.22% | +12.22% |
RSPG vs. QVMT - Expense Ratio Comparison
RSPG has a 0.40% expense ratio, which is higher than QVMT's 0.13% expense ratio.
Dividends
RSPG vs. QVMT - Dividend Comparison
RSPG's dividend yield for the trailing twelve months is around 1.96%, more than QVMT's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.90% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 1.96% | 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
RSPG and QVMT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVMT has higher volatility (6.32%) compared to RSPG (6.13%). In terms of maximum drawdown, RSPG dropped -79.98% vs QVMT's -48.05%.
On 10-year performance, QVMT leads with 12.55% vs 9.99% for RSPG. On fees, QVMT is cheaper at 0.13% per year. On volatility, RSPG has been the lower-risk option at 6.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QVMT has performed better with a 12.55% return vs 9.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QVMT is cheaper with a 0.13% expense ratio, compared with 0.40% for RSPG.
RSPG has the higher dividend yield at 1.96%, compared with 1.90% for QVMT.
RSPG is categorized as Energy Equities, while QVMT is S&P 500. RSPG tracks S&P 500 Equal Weight Energy Plus Index, while QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index. Their fees differ too: 0.40% for RSPG and 0.13% for QVMT.
QVMT currently has the higher Sharpe Ratio (2.04 vs 1.98), 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.
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