RSPN vs. SPHD

Last updated Aug 2, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - RSPN is a Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, RSPN returned 14.49%/yr vs 7.28%/yr for SPHD. Their 0.71 correlation means they have sometimes moved together and sometimes differently. RSPN charges 0.40%/yr vs 0.30%/yr for SPHD.

Performance

RSPN vs. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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 SPHD's 12.28% return. Over the past 10 years, RSPN has outperformed SPHD with an annualized return of 14.49%, while SPHD has yielded a comparatively lower 7.28% 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%

SPHD

• 1D: -0.19%
• 1M: 0.89%
• 6M: 6.75%
• YTD: 12.28%
• 1Y: 15.51%
• 3Y*: 12.02%
• 5Y*: 8.00%
• 10Y*: 7.28%
• ALL TIME*: 9.83%

*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)
RSPN Invesco S&P 500® Equal Weight Industrials ETF	$7.22M	$5.89M	$7.57M
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	$45.09M	$45.47M	$42.29M

RSPN vs. SPHD - 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%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	12.28%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%

Correlation

The correlation between RSPN and SPHD is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012	0.71

Over the past year, the correlation between RSPN and SPHD has dropped to 0.45 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

RSPN vs. SPHD — 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

SPHD

SPHD Risk / Return Rank: 53
SPHD Sharpe Ratio Rank: 54
SPHD Sortino Ratio Rank: 58
SPHD Omega Ratio Rank: 49
SPHD Calmar Ratio Rank: 60
SPHD Martin Ratio Rank: 46

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. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.30	-0.40
Sortino ratio: Return per unit of downside risk	1.35	1.97	-0.61
Omega ratio: Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio: Return relative to maximum drawdown	1.18	2.08	-0.90
Martin ratio: Return relative to average drawdown	4.03	5.19	-1.16

RSPN vs. SPHD - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 0.89, which is lower than the SPHD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of RSPN and SPHD, 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. SPHD - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for RSPN and SPHD.

Drawdown Indicators

	RSPN	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-41.39%	-18.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-7.33%	-5.03%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-13.29%	-7.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-19.50%	-2.38%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-41.39%	-0.63%
Current Drawdown Current decline from peak	-2.50%	-2.24%	-0.26%
Average Drawdown Average peak-to-trough decline	-7.63%	-4.66%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.93%	+0.69%

Volatility

RSPN vs. SPHD - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 4.54% and 4.63%, 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.

Volatility by Period

	RSPN	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.63%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	9.12%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	11.81%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	14.24%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	17.67%	+2.67%

RSPN vs. SPHD - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is higher than SPHD's 0.30% expense ratio.

Dividends

RSPN vs. SPHD - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.83%, less than SPHD's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.56%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both RSPN and SPHD in my portfolio?

RSPN and SPHD have a correlation of 0.45, 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 SPHD?

SPHD has higher volatility (4.63%) compared to RSPN (4.54%). In terms of maximum drawdown, RSPN dropped -59.61% vs SPHD's -41.39%.

Which ETF is better, RSPN or SPHD?

On 10-year performance, RSPN leads with 14.49% vs 7.28% for SPHD. On fees, SPHD is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPN or SPHD?

Over the 10-year period, RSPN has performed better with a 14.49% return vs 7.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPN or SPHD?

SPHD is cheaper with a 0.30% expense ratio, compared with 0.40% for RSPN.

Which ETF pays a higher dividend yield, RSPN or SPHD?

SPHD has the higher dividend yield at 4.56%, compared with 0.83% for RSPN.

What is the main difference between RSPN and SPHD?

RSPN is categorized as Industrials Equities, while SPHD is Dividend. RSPN tracks S&P 500® Equal Weight Industrials Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.40% for RSPN and 0.30% for SPHD.

Which has better risk-adjusted returns?

SPHD currently has the higher Sharpe Ratio (1.30 vs 0.89), 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.