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RSPG vs. XLE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSPG vs. XLE

Last updated Jun 24, 2026

RSPG (Invesco S&P 500 Equal Weight Energy ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both Energy Equities funds - RSPG tracks the S&P 500 Equal Weight Energy Plus Index while XLE tracks the Energy Select Sector Index. Both are passively managed. Over the past 10 years, RSPG returned 8.92%/yr vs 9.37%/yr for XLE. Their correlation of 0.92 suggests significant overlap in exposure. RSPG charges 0.40%/yr vs 0.08%/yr for XLE.

Performance

RSPG vs. XLE - 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 State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RSPG achieves a 25.57% return, which is significantly higher than XLE's 23.49% return. Over the past 10 years, RSPG has underperformed XLE with an annualized return of 8.92%, while XLE has yielded a comparatively higher 9.37% annualized return.

RSPG

1D
0.47%
1M
-7.91%
YTD
25.57%
6M
25.75%
1Y
34.94%
3Y*
17.99%
5Y*
19.92%
10Y*
8.92%

XLE

1D
0.74%
1M
-7.80%
YTD
23.49%
6M
24.07%
1Y
30.55%
3Y*
15.73%
5Y*
18.87%
10Y*
9.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSPG vs. XLE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSPG
Invesco S&P 500 Equal Weight Energy ETF		25.57%7.01%6.09%4.49%57.97%57.73%-32.44%13.38%-24.68%-6.39%
XLE
State Street Energy Select Sector SPDR ETF		23.49%7.88%5.56%-0.63%64.32%53.28%-32.67%11.74%-18.22%-0.89%

Correlation

The correlation between RSPG and XLE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2006

0.92

The correlation between RSPG and XLE has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.

RSPG vs. XLE - Sectors Allocation Comparison

Sectors
RSPG
XLE

Energy

100.0%
100.0%

Financial Services

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

RSPG
100.0%
XLE
100.0%

Financial Services

RSPG
0.0%
XLE

-

Basic Materials

RSPG

-

XLE

-

Communication Services

RSPG

-

XLE

-

Consumer Cyclical

RSPG

-

XLE

-

Consumer Defensive

RSPG

-

XLE

-

Healthcare

RSPG

-

XLE

-

Industrials

RSPG

-

XLE

-

Real Estate

RSPG

-

XLE

-

Technology

RSPG

-

XLE

-

Utilities

RSPG

-

XLE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Equal Weight Energy ETF

State Street Energy Select Sector SPDR ETF

Often compared with RSPG:
RSPG vs. SCHGRSPG vs. SPYRSPG vs. VDERSPG vs. IUES.LRSPG vs. MLPXRSPG vs. CNRGRSPG vs. ENFR
Often compared with XLE:
XLE vs. VDEXLE vs. USOXLE vs. XOPXLE vs. XLUXLE vs. XLKXLE vs. IXCXLE vs. FENY

Return for Risk

RSPG vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSPG
RSPG Risk / Return Rank: 4848
Overall Rank
RSPG Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
RSPG Sortino Ratio Rank: 4444
Sortino Ratio Rank
RSPG Omega Ratio Rank: 4343
Omega Ratio Rank
RSPG Calmar Ratio Rank: 5555
Calmar Ratio Rank
RSPG Martin Ratio Rank: 4747
Martin Ratio Rank
XLE
XLE Risk / Return Rank: 4242
Overall Rank
XLE Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XLE Sortino Ratio Rank: 4141
Sortino Ratio Rank
XLE Omega Ratio Rank: 3939
Omega Ratio Rank
XLE Calmar Ratio Rank: 4545
Calmar Ratio Rank
XLE Martin Ratio Rank: 4242
Martin Ratio Rank
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. XLE - 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 State Street Energy Select Sector SPDR ETF (XLE). 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.

RSPGXLEDifference
Sharpe ratioReturn per unit of total volatility
1.61
1.48

+0.13

Sortino ratioReturn per unit of downside risk
2.13
2.00

+0.13

Omega ratioGain probability vs. loss probability

1.26

1.25

+0.02

Calmar ratioReturn relative to maximum drawdown

2.56

2.18

+0.37

Martin ratioReturn relative to average drawdown

7.56

6.53

+1.03

RSPG vs. XLE - Sharpe Ratio Comparison

The current RSPG Sharpe Ratio is 1.61, which is comparable to the XLE Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of RSPG and XLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RSPG vs. XLE - Drawdown Comparison

The maximum RSPG drawdown since its inception was -79.98%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for RSPG and XLE.

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Drawdown Indicators

RSPGXLEDifference

Max Drawdown

Largest peak-to-trough decline

-79.98%

-71.26%

-8.72%

Max Drawdown (1Y)

Largest decline over 1 year

-13.72%

-14.05%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-23.06%

-20.14%

-2.92%

Max Drawdown (5Y)

Largest decline over 5 years

-28.44%

-26.04%

-2.40%

Max Drawdown (10Y)

Largest decline over 10 years

-73.17%

-66.81%

-6.36%

Current Drawdown

Current decline from peak

-11.78%

-12.32%

+0.54%

Average Drawdown

Average peak-to-trough decline

-25.42%

-17.96%

-7.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.63%

4.69%

-0.06%

Volatility

RSPG vs. XLE - Volatility Comparison

Invesco S&P 500 Equal Weight Energy ETF (RSPG) and State Street Energy Select Sector SPDR ETF (XLE) have volatilities of 7.22% and 7.12%, 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

RSPGXLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.22%

7.12%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

16.83%

16.82%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

22.09%

20.93%

+1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.25%

25.98%

+2.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.53%

29.60%

+3.93%

RSPG vs. XLE - Expense Ratio Comparison

RSPG has a 0.40% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

RSPG vs. XLE - Dividend Comparison

RSPG's dividend yield for the trailing twelve months is around 2.11%, less than XLE's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
RSPG
Invesco S&P 500 Equal Weight Energy ETF		2.11%2.60%2.43%2.84%3.43%2.37%3.15%2.15%2.18%2.55%1.14%2.80%
XLE
State Street Energy Select Sector SPDR ETF		2.79%3.28%3.36%3.55%3.68%4.21%5.62%6.72%3.54%3.03%2.26%3.39%

Frequently Asked Questions

With a correlation of 0.97, RSPG and XLE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

RSPG has higher volatility (7.22%) compared to XLE (7.12%). In terms of maximum drawdown, RSPG dropped -79.98% vs XLE's -71.26%.

On 10-year performance, XLE leads with 9.37% vs 8.92% for RSPG. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 7.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLE has performed better with a 9.37% return vs 8.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLE is cheaper with a 0.08% expense ratio, compared with 0.40% for RSPG.

XLE has the higher dividend yield at 2.79%, compared with 2.11% for RSPG.

RSPG tracks S&P 500 Equal Weight Energy Plus Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for RSPG and 0.08% for XLE.

RSPG currently has the higher Sharpe Ratio (1.61 vs 1.48), 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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