RSPM vs. SPHQ

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco S&P 500 Quality ETF (SPHQ).

RSPM and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPM is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Materials Index. It was launched on Nov 1, 2006. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. Both RSPM and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RSPM vs. SPHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

RSPM vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPM Invesco S&P 500® Equal Weight Materials ETF	13.67%	6.90%	-1.30%	8.32%	-9.95%	31.21%	22.77%	25.11%	-14.75%	25.87%
SPHQ Invesco S&P 500 Quality ETF	0.57%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%

Returns By Period

In the year-to-date period, RSPM achieves a 13.67% return, which is significantly higher than SPHQ's 0.57% return. Over the past 10 years, RSPM has underperformed SPHQ with an annualized return of 11.14%, while SPHQ has yielded a comparatively higher 13.53% annualized return.

RSPM

• 1D: 1.80%
• 1M: -4.12%
• YTD: 13.67%
• 6M: 18.88%
• 1Y: 23.99%
• 3Y*: 7.99%
• 5Y*: 6.34%
• 10Y*: 11.14%

SPHQ

• 1D: 2.36%
• 1M: -6.75%
• YTD: 0.57%
• 6M: 3.29%
• 1Y: 14.73%
• 3Y*: 18.19%
• 5Y*: 12.50%
• 10Y*: 13.53%

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

RSPM vs. SPHQ - Expense Ratio Comparison

RSPM has a 0.40% expense ratio, which is higher than SPHQ's 0.15% expense ratio.

RSPM

Invesco S&P 500® Equal Weight Materials ETF

SPHQ

Invesco S&P 500 Quality ETF

Return for Risk

RSPM vs. SPHQ — Risk / Return Rank

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

RSPM

RSPM Risk / Return Rank: 60
RSPM Sharpe Ratio Rank: 61
RSPM Sortino Ratio Rank: 65
RSPM Omega Ratio Rank: 57
RSPM Calmar Ratio Rank: 64
RSPM Martin Ratio Rank: 55

SPHQ

SPHQ Risk / Return Rank: 58
SPHQ Sharpe Ratio Rank: 52
SPHQ Sortino Ratio Rank: 54
SPHQ Omega Ratio Rank: 52
SPHQ Calmar Ratio Rank: 62
SPHQ Martin Ratio Rank: 69

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.

RSPM vs. SPHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco S&P 500 Quality ETF (SPHQ). 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.

	RSPM	SPHQ	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.86	+0.20
Sortino ratio Return per unit of downside risk	1.62	1.34	+0.28
Omega ratio Gain probability vs. loss probability	1.21	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.61	1.46	+0.15
Martin ratio Return relative to average drawdown	5.31	6.45	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPM vs. SPHQ - Sharpe Ratio Comparison

The current RSPM Sharpe Ratio is 1.06, which is comparable to the SPHQ Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of RSPM and SPHQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSPM	SPHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.86	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.77	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.76	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.50	-0.11

Correlation

The correlation between RSPM and SPHQ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RSPM vs. SPHQ - Dividend Comparison

RSPM's dividend yield for the trailing twelve months is around 1.52%, more than SPHQ's 1.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPM Invesco S&P 500® Equal Weight Materials ETF	1.52%	2.06%	2.04%	2.05%	2.19%	1.43%	1.57%	1.81%	1.83%	1.50%	1.28%	1.57%
SPHQ Invesco S&P 500 Quality ETF	1.19%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Drawdowns

RSPM vs. SPHQ - Drawdown Comparison

The maximum RSPM drawdown since its inception was -61.18%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for RSPM and SPHQ.

Drawdown Indicators

	RSPM	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.18%	-57.83%	-3.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-10.84%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-27.19%	-25.04%	-2.15%
Max Drawdown (10Y) Largest decline over 10 years	-39.84%	-31.60%	-8.24%
Current Drawdown Current decline from peak	-5.87%	-6.75%	+0.88%
Average Drawdown Average peak-to-trough decline	-8.83%	-10.78%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	2.45%	+2.29%

Volatility

RSPM vs. SPHQ - Volatility Comparison

Invesco S&P 500® Equal Weight Materials ETF (RSPM) has a higher volatility of 6.48% compared to Invesco S&P 500 Quality ETF (SPHQ) at 5.40%. This indicates that RSPM's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPM	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	5.40%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	9.64%	+3.94%
Volatility (1Y) Calculated over the trailing 1-year period	22.71%	17.13%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.12%	16.40%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	17.81%	+4.10%