RSPN vs. TOLZ

Last updated Jun 23, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both Industrials Equities funds - RSPN tracks the S&P 500® Equal Weight Industrials Index while TOLZ tracks the Dow Jones Brookfield Global Infrastructure Composite Index. Both are passively managed. Over the past 10 years, RSPN returned 15.13%/yr vs 7.84%/yr for TOLZ. A 0.59 correlation means they provide meaningful diversification when combined. RSPN charges 0.40%/yr vs 0.46%/yr for TOLZ.

Performance

RSPN vs. TOLZ - 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 ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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 TOLZ slightly higher at 11.11%. Over the past 10 years, RSPN has outperformed TOLZ with an annualized return of 15.13%, while TOLZ has yielded a comparatively lower 7.84% 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%

TOLZ

• 1D: 0.45%
• 1M: -3.18%
• YTD: 11.11%
• 6M: 12.03%
• 1Y: 16.22%
• 3Y*: 14.79%
• 5Y*: 8.61%
• 10Y*: 7.84%

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

RSPN vs. TOLZ - 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%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	11.11%	14.76%	11.67%	6.18%	-4.25%	20.47%	-9.46%	26.84%	-7.90%	13.28%

Correlation

The correlation between RSPN and TOLZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014	0.59

Over the past year, the correlation between RSPN and TOLZ has dropped to 0.32 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

RSPN vs. TOLZ - Sectors Allocation Comparison

Sectors	RSPN	TOLZ
Industrials	92.1%	5.1%
Technology	3.8%	0.4%
Consumer Cyclical	2.4%	0.8%
Utilities	1.6%	22.2%
Financial Services	0.1%	1.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	4.4%
Energy	-	36.0%
Healthcare	-	-
Real Estate	-	7.9%

Return for Risk

RSPN vs. TOLZ — 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

TOLZ

TOLZ Risk / Return Rank: 51
TOLZ Sharpe Ratio Rank: 46
TOLZ Sortino Ratio Rank: 46
TOLZ Omega Ratio Rank: 43
TOLZ Calmar Ratio Rank: 65
TOLZ Martin Ratio Rank: 54

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. TOLZ - 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 ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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	TOLZ	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.57	-0.17
Sortino ratio: Return per unit of downside risk	2.04	2.25	-0.22
Omega ratio: Gain probability vs. loss probability	1.24	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	1.81	3.15	-1.34
Martin ratio: Return relative to average drawdown	6.20	9.12	-2.93

RSPN vs. TOLZ - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 1.40, which is comparable to the TOLZ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of RSPN and TOLZ, 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. TOLZ - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, which is greater than TOLZ's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for RSPN and TOLZ.

Drawdown Indicators

	RSPN	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-39.33%	-20.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-5.18%	-7.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-11.94%	-8.95%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-21.85%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-39.33%	-2.69%
Current Drawdown Current decline from peak	-1.65%	-3.30%	+1.65%
Average Drawdown Average peak-to-trough decline	-7.66%	-6.61%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	1.78%	+1.82%

Volatility

RSPN vs. TOLZ - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.44% compared to ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) at 3.17%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPN	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	3.17%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	12.79%	8.28%	+4.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	10.40%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	13.98%	+4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	16.26%	+4.15%

RSPN vs. TOLZ - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is lower than TOLZ's 0.46% expense ratio.

Dividends

RSPN vs. TOLZ - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 1.03%, less than TOLZ's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.67%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both RSPN and TOLZ in my portfolio?

RSPN and TOLZ have a correlation of 0.32, 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 TOLZ?

RSPN has higher volatility (5.44%) compared to TOLZ (3.17%). In terms of maximum drawdown, RSPN dropped -59.61% vs TOLZ's -39.33%.

Which ETF is better, RSPN or TOLZ?

On 10-year performance, RSPN leads with 15.13% vs 7.84% for TOLZ. On fees, RSPN is cheaper at 0.40% per year. On volatility, TOLZ has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPN or TOLZ?

Over the 10-year period, RSPN has performed better with a 15.13% return vs 7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPN or TOLZ?

RSPN is cheaper with a 0.40% expense ratio, compared with 0.46% for TOLZ.

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

TOLZ has the higher dividend yield at 3.67%, compared with 1.03% for RSPN.

What is the main difference between RSPN and TOLZ?

RSPN tracks S&P 500® Equal Weight Industrials Index, while TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.40% for RSPN and 0.46% for TOLZ.

Which has better risk-adjusted returns?

TOLZ currently has the higher Sharpe Ratio (1.57 vs 1.40), 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.