RSPR vs. SPHD
RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - RSPR is a REIT fund tracking the S&P 500 Equal Weighted / Real Estate - SEC, 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, RSPR returned 6.30%/yr vs 7.55%/yr for SPHD. A 0.71 correlation means they provide meaningful diversification when combined. RSPR charges 0.40%/yr vs 0.30%/yr for SPHD.
Performance
RSPR vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, RSPR achieves a 10.68% return, which is significantly higher than SPHD's 8.20% return. Over the past 10 years, RSPR has underperformed SPHD with an annualized return of 6.30%, while SPHD has yielded a comparatively higher 7.55% annualized return.
RSPR
- 1D
- 1.27%
- 1M
- 1.57%
- YTD
- 10.68%
- 6M
- 11.84%
- 1Y
- 6.50%
- 3Y*
- 10.36%
- 5Y*
- 2.90%
- 10Y*
- 6.30%
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
RSPR vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 10.68% | -1.88% | 8.61% | 11.59% | -25.16% | 49.61% | -2.90% | 24.62% | -4.11% | 8.76% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between RSPR and SPHD is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.71 |
The correlation between RSPR and SPHD has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
RSPR vs. SPHD — Risk / Return Rank
RSPR
SPHD
RSPR vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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.
| RSPR | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.66 | -0.91 |
| Martin ratioReturn relative to average drawdown | 1.65 | 4.06 | -2.41 |
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Drawdowns
RSPR vs. SPHD - Drawdown Comparison
The maximum RSPR drawdown since its inception was -41.96%, roughly equal to the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for RSPR and SPHD.
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Drawdown Indicators
| RSPR | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.96% | -41.39% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -7.33% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -13.29% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -19.50% | -13.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.96% | -41.39% | -0.57% |
Current DrawdownCurrent decline from peak | -1.70% | -1.91% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -4.69% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.98% | +0.97% |
Volatility
RSPR vs. SPHD - Volatility Comparison
Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) has a higher volatility of 4.92% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.26%. This indicates that RSPR's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPR | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.26% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 8.13% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 11.48% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 14.16% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 17.65% | +3.77% |
RSPR vs. SPHD - Expense Ratio Comparison
RSPR has a 0.40% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
RSPR vs. SPHD - Dividend Comparison
RSPR's dividend yield for the trailing twelve months is around 2.84%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 2.84% | 2.70% | 2.58% | 2.91% | 3.14% | 2.56% | 3.82% | 2.48% | 3.02% | 3.01% | 2.06% | 1.03% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 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
RSPR and SPHD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPR has higher volatility (4.92%) compared to SPHD (4.26%). In terms of maximum drawdown, RSPR dropped -41.96% vs SPHD's -41.39%.
On 10-year performance, SPHD leads with 7.55% vs 6.30% for RSPR. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPHD has performed better with a 7.55% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.40% for RSPR.
SPHD has the higher dividend yield at 4.60%, compared with 2.84% for RSPR.
RSPR is categorized as REIT, while SPHD is Dividend. RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.40% for RSPR and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (1.06 vs 0.45), 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.
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