RSPN vs. FMIMX

Last updated Aug 2, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) and FMIMX (FMI Common Stock Fund) are both funds - RSPN is a Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while FMIMX is a Mid Cap Blend Equities fund managed by FMI. Over the past 10 years, RSPN returned 14.49%/yr vs 11.95%/yr for FMIMX. Their correlation of 0.81 means they have usually moved in the same direction. RSPN charges 0.40%/yr vs 1.01%/yr for FMIMX.

Performance

RSPN vs. FMIMX - 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 FMI Common Stock Fund (FMIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPN achieves a 11.17% return, which is significantly lower than FMIMX's 18.51% return. Over the past 10 years, RSPN has outperformed FMIMX with an annualized return of 14.49%, while FMIMX has yielded a comparatively lower 11.95% annualized return.

RSPN

• 1D: 0.53%
• 1M: -2.05%
• 6M: 4.96%
• YTD: 11.17%
• 1Y: 16.51%
• 3Y*: 15.49%
• 5Y*: 11.67%
• 10Y*: 14.49%
• ALL TIME*: 11.48%

FMIMX

• 1D: -0.78%
• 1M: 2.67%
• 6M: 11.88%
• YTD: 18.51%
• 1Y: 17.90%
• 3Y*: 12.77%
• 5Y*: 10.68%
• 10Y*: 11.95%
• ALL TIME*: 9.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMIMX FMI Common Stock Fund	$0.00	$0.00	$0.00
RSPN Invesco S&P 500® Equal Weight Industrials ETF	$7.22M	$5.89M	$7.57M

RSPN vs. FMIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPN Invesco S&P 500® Equal Weight Industrials ETF	11.17%	13.84%	17.63%	22.32%	-8.79%	26.07%	18.07%	33.17%	-13.23%	23.22%
FMIMX FMI Common Stock Fund	18.51%	2.12%	10.38%	24.85%	-5.95%	30.52%	5.79%	24.80%	-8.77%	13.92%

Correlation

The correlation between RSPN and FMIMX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.81

The correlation between RSPN and FMIMX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

Return for Risk

RSPN vs. FMIMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPN

RSPN Risk / Return Rank: 36
RSPN Sharpe Ratio Rank: 36
RSPN Sortino Ratio Rank: 36
RSPN Omega Ratio Rank: 34
RSPN Calmar Ratio Rank: 35
RSPN Martin Ratio Rank: 38

FMIMX

FMIMX Risk / Return Rank: 25
FMIMX Sharpe Ratio Rank: 25
FMIMX Sortino Ratio Rank: 29
FMIMX Omega Ratio Rank: 25
FMIMX Calmar Ratio Rank: 24
FMIMX Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPN vs. FMIMX - 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 FMI Common Stock Fund (FMIMX). 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.

	RSPN	FMIMX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.86	+0.04
Sortino ratio: Return per unit of downside risk	1.35	1.40	-0.05
Omega ratio: Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio: Return relative to maximum drawdown	1.18	1.09	+0.09
Martin ratio: Return relative to average drawdown	4.03	2.71	+1.32

RSPN vs. FMIMX - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 0.89, which is comparable to the FMIMX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of RSPN and FMIMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPN vs. FMIMX - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, roughly equal to the maximum FMIMX drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for RSPN and FMIMX.

Drawdown Indicators

	RSPN	FMIMX	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-59.09%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-13.80%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-21.31%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-21.31%	-0.57%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-38.07%	-3.95%
Current Drawdown Current decline from peak	-2.50%	-0.78%	-1.72%
Average Drawdown Average peak-to-trough decline	-7.63%	-10.42%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	5.56%	-1.94%

Volatility

RSPN vs. FMIMX - Volatility Comparison

The current volatility for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) is 4.54%, while FMI Common Stock Fund (FMIMX) has a volatility of 5.12%. This indicates that RSPN experiences smaller price fluctuations and is considered to be less risky than FMIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPN	FMIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	5.12%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	12.67%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	17.58%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	18.65%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	19.23%	+1.11%

RSPN vs. FMIMX - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is lower than FMIMX's 1.01% expense ratio.

Dividends

RSPN vs. FMIMX - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.83%, less than FMIMX's 11.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIMX FMI Common Stock Fund	11.17%	13.24%	2.01%	2.84%	6.65%	12.44%	0.76%	4.93%	10.17%	11.82%	4.92%	10.77%
RSPN Invesco S&P 500® Equal Weight Industrials ETF	0.83%	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 FMIMX in my portfolio?

RSPN and FMIMX have a correlation of 0.82, 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 FMIMX?

FMIMX has higher volatility (5.12%) compared to RSPN (4.54%). In terms of maximum drawdown, RSPN dropped -59.61% vs FMIMX's -59.09%.

Which has better risk-adjusted returns?

RSPN currently has the higher Sharpe Ratio (0.89 vs 0.86), 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.