RSPS vs. PSL

Last updated Jun 4, 2026

RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and PSL (Invesco DWA Consumer Staples Momentum ETF) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index. Both are passively managed. Over the past 10 years, RSPS returned 4.15%/yr vs 7.88%/yr for PSL. A 0.71 correlation means they provide meaningful diversification when combined. RSPS charges 0.40%/yr vs 0.60%/yr for PSL.

Performance

RSPS vs. PSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and Invesco DWA Consumer Staples Momentum ETF (PSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPS achieves a 1.64% return, which is significantly lower than PSL's 9.10% return. Over the past 10 years, RSPS has underperformed PSL with an annualized return of 4.15%, while PSL has yielded a comparatively higher 7.88% annualized return.

RSPS

• 1D: -0.24%
• 1M: -0.54%
• YTD: 1.64%
• 6M: 0.96%
• 1Y: -1.56%
• 3Y*: -1.72%
• 5Y*: -0.01%
• 10Y*: 4.15%

PSL

• 1D: 0.57%
• 1M: -1.77%
• YTD: 9.10%
• 6M: 9.15%
• 1Y: -1.02%
• 3Y*: 9.29%
• 5Y*: 3.68%
• 10Y*: 7.88%

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

RSPS vs. PSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	1.64%	-0.88%	-1.47%	-5.39%	2.88%	14.68%	6.19%	28.17%	-10.86%	14.20%
PSL Invesco DWA Consumer Staples Momentum ETF	9.10%	-3.47%	15.42%	12.32%	-7.76%	6.88%	18.15%	14.16%	0.92%	21.82%

Correlation

The correlation between RSPS and PSL is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.71

The correlation between RSPS and PSL has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

RSPS vs. PSL - Sectors Allocation Comparison

Sectors	RSPS	PSL
Consumer Defensive	96.9%	85.9%
Consumer Cyclical	3.1%	10.9%
Financial Services	0.0%	1.8%
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.5%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RSPS vs. PSL — Risk / Return Rank

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

RSPS

RSPS Risk / Return Rank: 7
RSPS Sharpe Ratio Rank: 7
RSPS Sortino Ratio Rank: 7
RSPS Omega Ratio Rank: 7
RSPS Calmar Ratio Rank: 7
RSPS Martin Ratio Rank: 7

PSL

PSL Risk / Return Rank: 8
PSL Sharpe Ratio Rank: 8
PSL Sortino Ratio Rank: 7
PSL Omega Ratio Rank: 7
PSL Calmar Ratio Rank: 8
PSL Martin Ratio Rank: 8

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.

RSPS vs. PSL - 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 Invesco DWA Consumer Staples Momentum ETF (PSL). 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.

	RSPS	PSL	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	-0.08	-0.04
Sortino ratio: Return per unit of downside risk	-0.07	-0.02	-0.05
Omega ratio: Gain probability vs. loss probability	0.99	1.00	0.00
Calmar ratio: Return relative to maximum drawdown	-0.13	-0.08	-0.06
Martin ratio: Return relative to average drawdown	-0.26	-0.17	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPS vs. PSL - Sharpe Ratio Comparison

The current RSPS Sharpe Ratio is -0.12, which is lower than the PSL Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of RSPS and PSL, 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

	RSPS	PSL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	-0.08	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.24	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.48	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.55	+0.02

Drawdowns

RSPS vs. PSL - Drawdown Comparison

The maximum RSPS drawdown since its inception was -35.93%, smaller than the maximum PSL drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for RSPS and PSL.

Drawdown Indicators

	RSPS	PSL	Difference
Max Drawdown Largest peak-to-trough decline	-35.93%	-41.58%	+5.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-13.64%	+1.92%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-13.64%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-18.61%	-22.35%	+3.74%
Max Drawdown (10Y) Largest decline over 10 years	-25.42%	-34.67%	+9.25%
Current Drawdown Current decline from peak	-11.26%	-6.41%	-4.85%
Average Drawdown Average peak-to-trough decline	-5.05%	-5.82%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	6.09%	+0.04%

Volatility

RSPS vs. PSL - Volatility Comparison

Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a higher volatility of 3.69% compared to Invesco DWA Consumer Staples Momentum ETF (PSL) at 3.29%. This indicates that RSPS's price experiences larger fluctuations and is considered to be riskier than PSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPS	PSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.29%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	8.51%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.51%	12.80%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.60%	15.15%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	16.50%	-1.63%

RSPS vs. PSL - Expense Ratio Comparison

RSPS has a 0.40% expense ratio, which is lower than PSL's 0.60% expense ratio.

Dividends

RSPS vs. PSL - Dividend Comparison

RSPS's dividend yield for the trailing twelve months is around 2.87%, more than PSL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSL Invesco DWA Consumer Staples Momentum ETF	0.84%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	2.87%	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

Can I hold both RSPS and PSL in my portfolio?

RSPS and PSL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPS or PSL?

RSPS has higher volatility (3.69%) compared to PSL (3.29%). In terms of maximum drawdown, RSPS dropped -35.93% vs PSL's -41.58%.

Which ETF is better, RSPS or PSL?

On 10-year performance, PSL leads with 7.88% vs 4.15% for RSPS. On fees, RSPS is cheaper at 0.40% per year. On volatility, PSL has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPS or PSL?

Over the 10-year period, PSL has performed better with a 7.88% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPS or PSL?

RSPS is cheaper with a 0.40% expense ratio, compared with 0.60% for PSL.

Which ETF pays a higher dividend yield, RSPS or PSL?

RSPS has the higher dividend yield at 2.87%, compared with 0.84% for PSL.

What is the main difference between RSPS and PSL?

RSPS is categorized as Consumer Staples Equities, while PSL is Momentum. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while PSL tracks DWA Consumer Staples Technical Leaders Index. Their fees differ too: 0.40% for RSPS and 0.60% for PSL.

Which has better risk-adjusted returns?

PSL currently has the higher Sharpe Ratio (-0.08 vs -0.12), 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.