RSPS vs. GLD
RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, RSPS returned 4.58%/yr vs 11.25%/yr for GLD. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
RSPS vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, RSPS achieves a 6.03% return, which is significantly higher than GLD's -7.67% return. Over the past 10 years, RSPS has underperformed GLD with an annualized return of 4.58%, while GLD has yielded a comparatively higher 11.25% annualized return.
RSPS
- 1D
- 1.37%
- 1M
- 1.68%
- YTD
- 6.03%
- 6M
- 5.43%
- 1Y
- 3.68%
- 3Y*
- -0.40%
- 5Y*
- 1.52%
- 10Y*
- 4.58%
GLD
- 1D
- -3.02%
- 1M
- -11.58%
- YTD
- -7.67%
- 6M
- -11.17%
- 1Y
- 19.51%
- 3Y*
- 27.10%
- 5Y*
- 17.04%
- 10Y*
- 11.25%
RSPS vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 6.03% | -0.88% | -1.47% | -5.39% | 2.88% | 14.68% | 6.19% | 28.17% | -10.86% | 14.20% |
GLD SPDR Gold Shares | -7.67% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between RSPS and GLD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006 | 0.04 |
The correlation between RSPS and GLD shifts across timeframes, from 0.04 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RSPS vs. GLD — Risk / Return Rank
RSPS
GLD
RSPS vs. GLD - 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 SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.75 | -0.43 |
| Martin ratioReturn relative to average drawdown | 0.57 | 2.12 | -1.54 |
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Drawdowns
RSPS vs. GLD - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for RSPS and GLD.
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Drawdown Indicators
| RSPS | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -45.56% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -26.21% | +14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -26.21% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -26.21% | +7.60% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -26.21% | +0.79% |
Current DrawdownCurrent decline from peak | -7.43% | -26.21% | +18.78% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -16.17% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 9.24% | -2.79% |
Volatility
RSPS vs. GLD - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is 5.44%, while SPDR Gold Shares (GLD) has a volatility of 8.58%. This indicates that RSPS experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPS | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 8.58% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 24.57% | -13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 27.75% | -13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 18.30% | -4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 16.07% | -1.15% |
RSPS vs. GLD - Expense Ratio Comparison
Both RSPS and GLD have an expense ratio of 0.40%.
Dividends
RSPS vs. GLD - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.93%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.93% | 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 GLD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (8.58%) compared to RSPS (5.44%). In terms of maximum drawdown, RSPS dropped -35.93% vs GLD's -45.56%.
On 10-year performance, GLD leads with 11.25% vs 4.58% for RSPS. Both ETFs have the same 0.40% expense ratio. On volatility, RSPS has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 11.25% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPS and GLD have the same expense ratio: 0.40% per year.
RSPS has the higher dividend yield at 2.93%, compared with 0.00% for GLD.
RSPS is categorized as Consumer Staples Equities, while GLD is Gold. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Invesco and State Street.
GLD currently has the higher Sharpe Ratio (0.71 vs 0.26), 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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