RSPS vs. SWPPX

Last updated Jun 24, 2026

RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and SWPPX (Schwab S&P 500 Index Fund) are both funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RSPS returned 4.43%/yr vs 15.77%/yr for SWPPX. A 0.56 correlation means they provide meaningful diversification when combined. RSPS charges 0.40%/yr vs 0.02%/yr for SWPPX.

Performance

RSPS vs. SWPPX - 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 Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPS achieves a 4.59% return, which is significantly lower than SWPPX's 9.75% return. Over the past 10 years, RSPS has underperformed SWPPX with an annualized return of 4.43%, while SWPPX has yielded a comparatively higher 15.77% 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%

SWPPX

• 1D: -0.36%
• 1M: 0.10%
• YTD: 9.75%
• 6M: 8.76%
• 1Y: 25.48%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

RSPS vs. SWPPX - 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%
SWPPX Schwab S&P 500 Index Fund	9.75%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between RSPS and SWPPX 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	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.56

Over the past year, the correlation between RSPS and SWPPX has dropped to 0.07 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

RSPS vs. SWPPX - Sectors Allocation Comparison

Sectors	RSPS	SWPPX
Consumer Defensive	97.1%	4.5%
Consumer Cyclical	2.9%	9.9%
Financial Services	0.0%	11.1%
Basic Materials	-	1.7%
Communication Services	-	10.6%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.0%
Utilities	-	2.1%

Return for Risk

RSPS vs. SWPPX — Risk / Return Rank

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

RSPS

RSPS Risk / Return Rank: 10
RSPS Sharpe Ratio Rank: 11
RSPS Sortino Ratio Rank: 10
RSPS Omega Ratio Rank: 10
RSPS Calmar Ratio Rank: 10
RSPS Martin Ratio Rank: 10

SWPPX

SWPPX Risk / Return Rank: 65
SWPPX Sharpe Ratio Rank: 63
SWPPX Sortino Ratio Rank: 56
SWPPX Omega Ratio Rank: 59
SWPPX Calmar Ratio Rank: 68
SWPPX Martin Ratio Rank: 78

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. SWPPX - 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 Schwab S&P 500 Index Fund (SWPPX). 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	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	0.15	2.14	-2.00
Sortino ratio: Return per unit of downside risk	0.31	2.89	-2.58
Omega ratio: Gain probability vs. loss probability	1.04	1.39	-0.35
Calmar ratio: Return relative to maximum drawdown	0.18	3.02	-2.84
Martin ratio: Return relative to average drawdown	0.32	13.59	-13.26

RSPS vs. SWPPX - Sharpe Ratio Comparison

The current RSPS Sharpe Ratio is 0.15, which is lower than the SWPPX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of RSPS and SWPPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPS vs. SWPPX - Drawdown Comparison

The maximum RSPS drawdown since its inception was -35.93%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for RSPS and SWPPX.

Drawdown Indicators

	RSPS	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.93%	-55.06%	+19.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-8.89%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-18.74%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-18.61%	-24.51%	+5.90%
Max Drawdown (10Y) Largest decline over 10 years	-25.42%	-33.80%	+8.38%
Current Drawdown Current decline from peak	-8.68%	-1.74%	-6.94%
Average Drawdown Average peak-to-trough decline	-5.06%	-9.93%	+4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	1.97%	+4.46%

Volatility

RSPS vs. SWPPX - Volatility Comparison

Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a higher volatility of 5.30% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.73%. This indicates that RSPS's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPS	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	4.73%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	9.87%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	12.53%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.70%	17.02%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	18.27%	-3.35%

RSPS vs. SWPPX - Expense Ratio Comparison

RSPS has a 0.40% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

RSPS vs. SWPPX - Dividend Comparison

RSPS's dividend yield for the trailing twelve months is around 2.97%, more than SWPPX's 1.01% 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%
SWPPX Schwab S&P 500 Index Fund	1.01%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%

Frequently Asked Questions

Can I hold both RSPS and SWPPX in my portfolio?

RSPS and SWPPX 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.

Which is riskier, RSPS or SWPPX?

RSPS has higher volatility (5.30%) compared to SWPPX (4.73%). In terms of maximum drawdown, RSPS dropped -35.93% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.14 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.