RSPS vs. SGOV
RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, RSPS returned 1.38%/yr vs 3.56%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions. RSPS charges 0.40%/yr vs 0.09%/yr for SGOV.
Performance
RSPS vs. SGOV - 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 SGOV's 1.61% 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%
SGOV
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
RSPS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 7.30% | -0.88% | -1.47% | -5.39% | 2.88% | 14.68% | 13.48% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between RSPS and SGOV is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
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Return for Risk
RSPS vs. SGOV — Risk / Return Rank
RSPS
SGOV
RSPS vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.92 | ||
| Sortino ratioReturn per unit of downside risk | -275.08 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 195.55 | -194.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 398.20 | -397.78 |
| Martin ratioReturn relative to average drawdown | 0.77 | 4,461.98 | -4,461.20 |
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Drawdowns
RSPS vs. SGOV - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for RSPS and SGOV.
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Drawdown Indicators
| RSPS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -0.03% | -35.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -0.01% | -11.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -0.01% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -0.03% | -18.58% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | — | — |
Current DrawdownCurrent decline from peak | -6.32% | 0.00% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -0.00% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 0.00% | +6.29% |
Volatility
RSPS vs. SGOV - Volatility Comparison
Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a higher volatility of 4.33% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that RSPS's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 0.05% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 0.13% | +10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 0.20% | +13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 0.24% | +13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 0.24% | +14.65% |
RSPS vs. SGOV - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
RSPS vs. SGOV - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.71%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPS and SGOV have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPS has higher volatility (4.33%) compared to SGOV (0.05%). In terms of maximum drawdown, RSPS dropped -35.93% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.56% vs 1.38% for RSPS. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.56% return vs 1.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.40% for RSPS.
SGOV has the higher dividend yield at 3.85%, compared with 2.71% for RSPS.
RSPS is categorized as Consumer Staples Equities, while SGOV is Ultrashort Bond. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPS and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 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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