RSPS vs. SPHD
RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, RSPS returned 4.43%/yr vs 7.55%/yr for SPHD. A 0.74 correlation means they provide meaningful diversification when combined. RSPS charges 0.40%/yr vs 0.30%/yr for SPHD.
Performance
RSPS vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, RSPS achieves a 4.59% return, which is significantly lower than SPHD's 8.20% return. Over the past 10 years, RSPS has underperformed SPHD with an annualized return of 4.43%, while SPHD has yielded a comparatively higher 7.55% annualized return.
RSPS
- 1D
- 1.91%
- 1M
- 0.30%
- YTD
- 4.59%
- 6M
- 4.86%
- 1Y
- 2.06%
- 3Y*
- -0.85%
- 5Y*
- 1.44%
- 10Y*
- 4.43%
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
RSPS vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 4.59% | -0.88% | -1.47% | -5.39% | 2.88% | 14.68% | 6.19% | 28.17% | -10.86% | 14.20% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between RSPS and SPHD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.74 |
The correlation between RSPS and SPHD has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
RSPS vs. SPHD — Risk / Return Rank
RSPS
SPHD
RSPS vs. SPHD - 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 S&P 500® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.66 | -1.48 |
| Martin ratioReturn relative to average drawdown | 0.32 | 4.06 | -3.74 |
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Drawdowns
RSPS vs. SPHD - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for RSPS and SPHD.
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Drawdown Indicators
| RSPS | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -41.39% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -7.33% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -13.29% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -19.50% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -41.39% | +15.97% |
Current DrawdownCurrent decline from peak | -8.68% | -1.91% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -4.69% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 2.98% | +3.45% |
Volatility
RSPS vs. SPHD - Volatility Comparison
Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a higher volatility of 5.30% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.26%. This indicates that RSPS's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPS | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 4.26% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 8.13% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 11.48% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.16% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 17.65% | -2.73% |
RSPS vs. SPHD - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
RSPS vs. SPHD - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.97%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.97% | 2.82% | 2.86% | 2.78% | 2.31% | 2.07% | 2.14% | 2.12% | 2.43% | 1.90% | 1.76% | 1.77% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
RSPS and SPHD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPS has higher volatility (5.30%) compared to SPHD (4.26%). In terms of maximum drawdown, RSPS dropped -35.93% vs SPHD's -41.39%.
On 10-year performance, SPHD leads with 7.55% vs 4.43% for RSPS. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPHD has performed better with a 7.55% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.40% for RSPS.
SPHD has the higher dividend yield at 4.60%, compared with 2.97% for RSPS.
RSPS is categorized as Consumer Staples Equities, while SPHD is Dividend. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.40% for RSPS and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (1.06 vs 0.15), 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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