RSPR vs. SPHD

Last updated Jun 3, 2026

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 S&P 500 fund tracking the S&P Low Volatility High Dividend index. Both are passively managed. Over the past 10 years, RSPR returned 6.22%/yr vs 7.18%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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, RSPR achieves a 7.82% return, which is significantly higher than SPHD's 5.32% return. Over the past 10 years, RSPR has underperformed SPHD with an annualized return of 6.22%, while SPHD has yielded a comparatively higher 7.18% annualized return.

RSPR

• 1D: 0.79%
• 1M: 0.48%
• YTD: 7.82%
• 6M: 7.98%
• 1Y: 5.47%
• 3Y*: 8.88%
• 5Y*: 2.37%
• 10Y*: 6.22%

SPHD

• 1D: 0.71%
• 1M: -0.75%
• YTD: 5.32%
• 6M: 5.99%
• 1Y: 9.22%
• 3Y*: 11.75%
• 5Y*: 5.73%
• 10Y*: 7.18%

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

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	7.82%	-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	5.32%	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 0.79, 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	0.79
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 17, 2015	0.71

The correlation between RSPR and SPHD has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

RSPR vs. SPHD - Sectors Allocation Comparison

Sectors	RSPR	SPHD
Real Estate	96.9%	20.1%
Basic Materials	3.1%	-
Financial Services	0.0%	15.6%
Communication Services	-	8.6%
Consumer Cyclical	-	3.4%
Consumer Defensive	-	17.8%
Energy	-	14.1%
Healthcare	-	5.1%
Industrials	-	0.0%
Technology	-	1.5%
Utilities	-	13.7%

Return for Risk

RSPR vs. SPHD — Risk / Return Rank

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

RSPR

RSPR Risk / Return Rank: 15
RSPR Sharpe Ratio Rank: 15
RSPR Sortino Ratio Rank: 14
RSPR Omega Ratio Rank: 14
RSPR Calmar Ratio Rank: 16
RSPR Martin Ratio Rank: 15

SPHD

SPHD Risk / Return Rank: 24
SPHD Sharpe Ratio Rank: 24
SPHD Sortino Ratio Rank: 24
SPHD Omega Ratio Rank: 22
SPHD Calmar Ratio Rank: 26
SPHD Martin Ratio Rank: 24

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.

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.

	RSPR	SPHD	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.84	-0.45
Sortino ratio Return per unit of downside risk	0.63	1.30	-0.67
Omega ratio Gain probability vs. loss probability	1.08	1.15	-0.07
Calmar ratio Return relative to maximum drawdown	0.61	1.25	-0.65
Martin ratio Return relative to average drawdown	1.34	3.16	-1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPR vs. SPHD - Sharpe Ratio Comparison

The current RSPR Sharpe Ratio is 0.39, which is lower than the SPHD Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of RSPR 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.

Sharpe Ratios by Period

	RSPR	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.84	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.41	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.41	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.58	-0.29

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.

Drawdown Indicators

	RSPR	SPHD	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-4.24%	-4.53%	+0.29%
Average Drawdown Average peak-to-trough decline	-9.40%	-4.70%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	2.91%	+1.03%

Volatility

RSPR vs. SPHD - Volatility Comparison

Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) has a higher volatility of 3.76% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.97%. 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.

Volatility by Period

	RSPR	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	2.97%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	7.54%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	11.00%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	14.16%	+4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	17.64%	+3.73%

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 2.68%, less than SPHD's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	2.68%	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	4.58%	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 RSPR and SPHD in my portfolio?

RSPR and SPHD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPR or SPHD?

RSPR has higher volatility (3.76%) compared to SPHD (2.97%). In terms of maximum drawdown, RSPR dropped -41.96% vs SPHD's -41.39%.

Which ETF is better, RSPR or SPHD?

On 10-year performance, SPHD leads with 7.18% vs 6.22% for RSPR. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPR or SPHD?

Over the 10-year period, SPHD has performed better with a 7.18% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPR or SPHD?

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

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

SPHD has the higher dividend yield at 4.58%, compared with 2.68% for RSPR.

What is the main difference between RSPR and SPHD?

RSPR is categorized as REIT, while SPHD is S&P 500. RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while SPHD tracks S&P Low Volatility High Dividend index. Their fees differ too: 0.40% for RSPR and 0.30% for SPHD.

Which has better risk-adjusted returns?

SPHD currently has the higher Sharpe Ratio (0.84 vs 0.39), 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.