RSPN vs. FMIMX

Last updated Jun 23, 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 Funds. Over the past 10 years, RSPN returned 15.13%/yr vs 11.33%/yr for FMIMX. Their correlation of 0.82 suggests significant overlap in exposure. 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

The year-to-date returns for both investments are quite close, with RSPN having a 11.03% return and FMIMX slightly higher at 11.44%. Over the past 10 years, RSPN has outperformed FMIMX with an annualized return of 15.13%, while FMIMX has yielded a comparatively lower 11.33% annualized return.

RSPN

• 1D: 0.31%
• 1M: 4.48%
• YTD: 11.03%
• 6M: 9.28%
• 1Y: 22.27%
• 3Y*: 18.21%
• 5Y*: 12.23%
• 10Y*: 15.13%

FMIMX

• 1D: 0.68%
• 1M: 4.47%
• YTD: 11.44%
• 6M: 8.71%
• 1Y: 14.68%
• 3Y*: 12.19%
• 5Y*: 10.47%
• 10Y*: 11.33%

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

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	11.03%	13.84%	17.63%	22.32%	-8.79%	26.07%	18.07%	33.17%	-13.23%	23.22%
FMIMX FMI Common Stock Fund	11.44%	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 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.82

The correlation between RSPN and FMIMX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

RSPN vs. FMIMX — Risk / Return Rank

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

RSPN

RSPN Risk / Return Rank: 39
RSPN Sharpe Ratio Rank: 41
RSPN Sortino Ratio Rank: 41
RSPN Omega Ratio Rank: 37
RSPN Calmar Ratio Rank: 37
RSPN Martin Ratio Rank: 40

FMIMX

FMIMX Risk / Return Rank: 12
FMIMX Sharpe Ratio Rank: 12
FMIMX Sortino Ratio Rank: 13
FMIMX Omega Ratio Rank: 11
FMIMX Calmar Ratio Rank: 12
FMIMX Martin Ratio Rank: 10

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. 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	1.40	0.86	+0.54
Sortino ratio: Return per unit of downside risk	2.04	1.40	+0.63
Omega ratio: Gain probability vs. loss probability	1.24	1.16	+0.08
Calmar ratio: Return relative to maximum drawdown	1.81	1.08	+0.73
Martin ratio: Return relative to average drawdown	6.20	2.67	+3.53

RSPN vs. FMIMX - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 1.40, which is higher than 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	-1.65%	-2.39%	+0.74%
Average Drawdown Average peak-to-trough decline	-7.66%	-10.44%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	5.56%	-1.96%

Volatility

RSPN vs. FMIMX - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.44% compared to FMI Common Stock Fund (FMIMX) at 4.57%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier 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	5.44%	4.57%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	12.79%	12.52%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	17.27%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	18.67%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	19.27%	+1.14%

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 1.03%, less than FMIMX's 11.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIMX FMI Common Stock Fund	11.88%	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	1.03%	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 0.86, 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?

RSPN has higher volatility (5.44%) compared to FMIMX (4.57%). 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 (1.40 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.