RSPR vs. SPY
RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - RSPR is a REIT fund tracking the S&P 500 Equal Weighted / Real Estate - SEC, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RSPR returned 6.16%/yr vs 15.70%/yr for SPY. A 0.51 correlation means they provide meaningful diversification when combined. RSPR charges 0.40%/yr vs 0.09%/yr for SPY.
Performance
RSPR vs. SPY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RSPR having a 9.30% return and SPY slightly higher at 9.74%. Over the past 10 years, RSPR has underperformed SPY with an annualized return of 6.16%, while SPY has yielded a comparatively higher 15.70% annualized return.
RSPR
- 1D
- 0.79%
- 1M
- 0.30%
- YTD
- 9.30%
- 6M
- 10.15%
- 1Y
- 6.48%
- 3Y*
- 9.90%
- 5Y*
- 2.56%
- 10Y*
- 6.16%
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
RSPR vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 9.30% | -1.88% | 8.61% | 11.59% | -25.16% | 49.61% | -2.90% | 24.62% | -4.11% | 8.76% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between RSPR and SPY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.51 |
Over the past year, the correlation between RSPR and SPY has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
RSPR vs. SPY — Risk / Return Rank
RSPR
SPY
RSPR vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 3.01 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.64 | 13.54 | -11.89 |
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Drawdowns
RSPR vs. SPY - Drawdown Comparison
The maximum RSPR drawdown since its inception was -41.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSPR and SPY.
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Drawdown Indicators
| RSPR | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.96% | -55.19% | +13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -8.88% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -18.76% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -24.50% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.96% | -33.72% | -8.24% |
Current DrawdownCurrent decline from peak | -2.93% | -1.75% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -9.04% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 1.97% | +1.98% |
Volatility
RSPR vs. SPY - Volatility Comparison
Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 4.77% and 4.64%, 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.
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Volatility by Period
| RSPR | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.64% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 9.75% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 12.43% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 17.14% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 17.99% | +3.43% |
RSPR vs. SPY - Expense Ratio Comparison
RSPR has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Dividends
RSPR vs. SPY - Dividend Comparison
RSPR's dividend yield for the trailing twelve months is around 3.45%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 3.45% | 2.70% | 2.58% | 2.91% | 3.14% | 2.56% | 3.82% | 2.48% | 3.02% | 3.01% | 2.06% | 1.03% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
RSPR and SPY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPR has higher volatility (4.77%) compared to SPY (4.64%). In terms of maximum drawdown, RSPR dropped -41.96% vs SPY's -55.19%.
On 10-year performance, SPY leads with 15.70% vs 6.16% for RSPR. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPY has performed better with a 15.70% return vs 6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPY is cheaper with a 0.09% expense ratio, compared with 0.40% for RSPR.
RSPR has the higher dividend yield at 3.45%, compared with 1.01% for SPY.
RSPR is categorized as REIT, while SPY is S&P 500. RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while SPY tracks S&P 500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for RSPR and 0.09% for SPY.
SPY currently has the higher Sharpe Ratio (2.16 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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