RSPS vs. GDX
RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, RSPS returned 4.67%/yr vs 13.29%/yr for GDX. At a 0.13 correlation, their price movements are largely independent. RSPS charges 0.40%/yr vs 0.51%/yr for GDX.
Performance
RSPS vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, RSPS achieves a 7.30% return, which is significantly higher than GDX's -6.69% return. Over the past 10 years, RSPS has underperformed GDX with an annualized return of 4.67%, while GDX has yielded a comparatively higher 13.29% annualized return.
RSPS
- 1D
- 0.65%
- 1M
- 4.11%
- YTD
- 7.30%
- 6M
- 4.56%
- 1Y
- 6.07%
- 3Y*
- 0.13%
- 5Y*
- 1.38%
- 10Y*
- 4.67%
GDX
- 1D
- 2.97%
- 1M
- -8.38%
- YTD
- -6.69%
- 6M
- -5.89%
- 1Y
- 48.02%
- 3Y*
- 38.96%
- 5Y*
- 17.51%
- 10Y*
- 13.29%
RSPS vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 7.30% | -0.88% | -1.47% | -5.39% | 2.88% | 14.68% | 6.19% | 28.17% | -10.86% | 14.20% |
GDX VanEck Gold Miners ETF | -6.69% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between RSPS and GDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006 | 0.13 |
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Return for Risk
RSPS vs. GDX — Risk / Return Rank
RSPS
GDX
RSPS vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and VanEck Gold Miners ETF (GDX). 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.
| RSPS | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.40 | -0.99 |
| Martin ratioReturn relative to average drawdown | 0.77 | 3.87 | -3.10 |
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Drawdowns
RSPS vs. GDX - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for RSPS and GDX.
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Drawdown Indicators
| RSPS | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -80.34% | +44.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -36.28% | +24.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -36.28% | +19.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -46.51% | +27.90% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -49.79% | +24.37% |
Current DrawdownCurrent decline from peak | -6.32% | -30.91% | +24.59% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -40.41% | +35.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 13.11% | -6.82% |
Volatility
RSPS vs. GDX - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is 4.33%, while VanEck Gold Miners ETF (GDX) has a volatility of 17.20%. This indicates that RSPS experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPS | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 17.20% | -12.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 39.15% | -28.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 46.89% | -33.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 36.74% | -23.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 37.34% | -22.45% |
RSPS vs. GDX - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is lower than GDX's 0.51% expense ratio.
Dividends
RSPS vs. GDX - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.71%, more than GDX's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.79% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.71% | 2.82% | 2.86% | 2.78% | 2.31% | 2.07% | 2.14% | 2.12% | 2.43% | 1.90% | 1.76% | 1.77% |
Frequently Asked Questions
RSPS and GDX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (17.20%) compared to RSPS (4.33%). In terms of maximum drawdown, RSPS dropped -35.93% vs GDX's -80.34%.
On 10-year performance, GDX leads with 13.29% vs 4.67% for RSPS. On fees, RSPS is cheaper at 0.40% per year. On volatility, RSPS has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GDX has performed better with a 13.29% return vs 4.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPS is cheaper with a 0.40% expense ratio, compared with 0.51% for GDX.
RSPS has the higher dividend yield at 2.71%, compared with 0.79% for GDX.
RSPS is categorized as Consumer Staples Equities, while GDX is Gold. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.40% for RSPS and 0.51% for GDX.
GDX currently has the higher Sharpe Ratio (1.09 vs 0.35), 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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