RSPS vs. UTEN
RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) and UTEN (US Treasury 10 Year Note ETF) are both exchange-traded funds - RSPS is a Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC, while UTEN is a Government Bonds fund tracking the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, RSPS returned -1.72%/yr vs 1.86%/yr for UTEN. At a 0.19 correlation, their price movements are largely independent. RSPS charges 0.40%/yr vs 0.15%/yr for UTEN.
Performance
RSPS vs. UTEN - Performance Comparison
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Returns By Period
In the year-to-date period, RSPS achieves a 1.64% return, which is significantly higher than UTEN's -0.69% 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%
UTEN
- 1D
- -0.26%
- 1M
- 0.01%
- YTD
- -0.69%
- 6M
- -1.30%
- 1Y
- 4.26%
- 3Y*
- 1.86%
- 5Y*
- —
- 10Y*
- —
RSPS vs. UTEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 1.64% | -0.88% | -1.47% | -5.39% | 1.10% |
UTEN US Treasury 10 Year Note ETF | -0.69% | 7.82% | -1.67% | 3.18% | -7.79% |
Correlation
The correlation between RSPS and UTEN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.19 |
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Return for Risk
RSPS vs. UTEN — Risk / Return Rank
RSPS
UTEN
RSPS vs. UTEN - 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 US Treasury 10 Year Note ETF (UTEN). 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 | UTEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.94 | -1.07 |
| Martin ratioReturn relative to average drawdown | -0.26 | 2.82 | -3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RSPS | UTEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.82 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.01 | +0.56 |
Drawdowns
RSPS vs. UTEN - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, which is greater than UTEN's maximum drawdown of -13.36%. Use the drawdown chart below to compare losses from any high point for RSPS and UTEN.
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Drawdown Indicators
| RSPS | UTEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -13.36% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -4.57% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -8.60% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | — | — |
Current DrawdownCurrent decline from peak | -11.26% | -3.05% | -8.21% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.82% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 1.51% | +4.62% |
Volatility
RSPS vs. UTEN - Volatility Comparison
Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a higher volatility of 3.69% compared to US Treasury 10 Year Note ETF (UTEN) at 1.71%. This indicates that RSPS's price experiences larger fluctuations and is considered to be riskier than UTEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPS | UTEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 1.71% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 3.65% | +6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 5.24% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 8.05% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 8.05% | +6.82% |
RSPS vs. UTEN - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is higher than UTEN's 0.15% expense ratio.
Dividends
RSPS vs. UTEN - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.87%, less than UTEN's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.87% | 2.82% | 2.86% | 2.78% | 2.31% | 2.07% | 2.14% | 2.12% | 2.43% | 1.90% | 1.76% | 1.77% |
UTEN US Treasury 10 Year Note ETF | 4.05% | 4.11% | 4.13% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPS and UTEN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPS has higher volatility (3.69%) compared to UTEN (1.71%). In terms of maximum drawdown, RSPS dropped -35.93% vs UTEN's -13.36%.
On 3-year performance, UTEN leads with 1.86% vs -1.72% for RSPS. On fees, UTEN is cheaper at 0.15% per year. On volatility, UTEN has been the lower-risk option at 1.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UTEN has performed better with a 1.86% return vs -1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTEN is cheaper with a 0.15% expense ratio, compared with 0.40% for RSPS.
UTEN has the higher dividend yield at 4.05%, compared with 2.87% for RSPS.
RSPS is categorized as Consumer Staples Equities, while UTEN is Government Bonds. RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC, while UTEN tracks ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: Invesco and US Benchmark Series. Their fees differ too: 0.40% for RSPS and 0.15% for UTEN.
UTEN currently has the higher Sharpe Ratio (0.82 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.
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