RSPN vs. AXON

Last updated Jun 9, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) is Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while AXON (Axon Enterprise, Inc.) is a stock. Over the past 10 years, RSPN returned 14.32%/yr vs 35.39%/yr for AXON. At a 0.41 correlation, their price movements are largely independent.

Performance

RSPN vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPN achieves a 8.05% return, which is significantly higher than AXON's -17.06% return. Over the past 10 years, RSPN has underperformed AXON with an annualized return of 14.32%, while AXON has yielded a comparatively higher 35.39% annualized return.

RSPN

• 1D: -0.18%
• 1M: 0.51%
• YTD: 8.05%
• 6M: 8.82%
• 1Y: 16.31%
• 3Y*: 17.91%
• 5Y*: 11.25%
• 10Y*: 14.32%

AXON

• 1D: -3.10%
• 1M: 16.73%
• YTD: -17.06%
• 6M: -14.84%
• 1Y: -40.51%
• 3Y*: 34.22%
• 5Y*: 26.05%
• 10Y*: 35.39%

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

RSPN vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPN Invesco S&P 500® Equal Weight Industrials ETF	8.05%	13.84%	17.63%	22.32%	-8.79%	26.07%	18.07%	33.17%	-13.23%	23.22%
AXON Axon Enterprise, Inc.	-17.06%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Correlation

The correlation between RSPN and AXON is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.41

The correlation between RSPN and AXON shifts across timeframes, from 0.31 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RSPN vs. AXON — Risk / Return Rank

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

RSPN

RSPN Risk / Return Rank: 32
RSPN Sharpe Ratio Rank: 32
RSPN Sortino Ratio Rank: 33
RSPN Omega Ratio Rank: 30
RSPN Calmar Ratio Rank: 29
RSPN Martin Ratio Rank: 33

AXON

AXON Risk / Return Rank: 14
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 13
AXON Omega Ratio Rank: 13
AXON Calmar Ratio Rank: 17
AXON Martin Ratio Rank: 16

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.

RSPN vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Axon Enterprise, Inc. (AXON). 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.

	RSPN	AXON	Difference
Sharpe ratio: Return per unit of total volatility	1.07	-0.73	+1.80
Sortino ratio: Return per unit of downside risk	1.62	-0.93	+2.55
Omega ratio: Gain probability vs. loss probability	1.19	0.88	+0.30
Calmar ratio: Return relative to maximum drawdown	1.33	-0.67	+2.00
Martin ratio: Return relative to average drawdown	4.58	-1.17	+5.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPN vs. AXON - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 1.07, which is higher than the AXON Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of RSPN and AXON, 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

	RSPN	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	-0.73	+1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.55	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.72	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.51	+0.01

Drawdowns

RSPN vs. AXON - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for RSPN and AXON.

Drawdown Indicators

	RSPN	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-91.78%	+32.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-60.28%	+47.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-60.28%	+39.39%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-60.28%	+38.40%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-60.28%	+18.26%
Current Drawdown Current decline from peak	-4.29%	-45.92%	+41.63%
Average Drawdown Average peak-to-trough decline	-7.67%	-43.59%	+35.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	34.81%	-31.24%

Volatility

RSPN vs. AXON - Volatility Comparison

The current volatility for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) is 3.63%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that RSPN experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPN	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	19.02%	-15.39%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	44.22%	-32.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	55.73%	-40.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	47.97%	-29.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	49.19%	-28.83%

Dividends

RSPN vs. AXON - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.81%, while AXON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXON Axon Enterprise, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPN Invesco S&P 500® Equal Weight Industrials ETF	0.81%	0.86%	0.98%	1.06%	1.09%	0.70%	0.96%	1.33%	1.49%	1.12%	1.31%	1.51%

Frequently Asked Questions

Can I hold both RSPN and AXON in my portfolio?

RSPN and AXON have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPN or AXON?

AXON has higher volatility (19.02%) compared to RSPN (3.63%). In terms of maximum drawdown, RSPN dropped -59.61% vs AXON's -91.78%.

Which has better risk-adjusted returns?

RSPN currently has the higher Sharpe Ratio (1.07 vs -0.73), 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.