RSPT vs. IYW
RSPT (Invesco S&P 500 Equal Weight Technology ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds - RSPT tracks the S&P 500® Information Technology Index while IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, RSPT returned 22.48%/yr vs 26.11%/yr for IYW. Their correlation of 0.88 suggests significant overlap in exposure. RSPT charges 0.40%/yr vs 0.38%/yr for IYW.
Performance
RSPT vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, RSPT achieves a 47.30% return, which is significantly higher than IYW's 29.03% return. Over the past 10 years, RSPT has underperformed IYW with an annualized return of 22.48%, while IYW has yielded a comparatively higher 26.11% annualized return.
RSPT
- 1D
- -0.76%
- 1M
- 22.88%
- YTD
- 47.30%
- 6M
- 46.37%
- 1Y
- 75.62%
- 3Y*
- 33.71%
- 5Y*
- 19.46%
- 10Y*
- 22.48%
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
RSPT vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPT Invesco S&P 500 Equal Weight Technology ETF | 47.30% | 22.15% | 15.16% | 35.18% | -24.50% | 28.53% | 30.21% | 42.07% | -0.61% | 32.98% |
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between RSPT and IYW is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006 | 0.88 |
The correlation between RSPT and IYW has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
RSPT vs. IYW — Risk / Return Rank
RSPT
IYW
RSPT vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Technology ETF (RSPT) and iShares U.S. Technology ETF (IYW). 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.
| RSPT | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.48 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 7.12 | 3.36 | +3.76 |
| Martin ratioReturn relative to average drawdown | 25.76 | 11.00 | +14.76 |
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
| RSPT | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 2.98 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.89 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.04 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.35 | +0.30 |
Drawdowns
RSPT vs. IYW - Drawdown Comparison
The maximum RSPT drawdown since its inception was -58.91%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for RSPT and IYW.
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Drawdown Indicators
| RSPT | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -81.90% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -17.81% | +7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -26.47% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.49% | -39.44% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -39.44% | +5.77% |
Current DrawdownCurrent decline from peak | -0.76% | -0.92% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -34.66% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.43% | -2.48% |
Volatility
RSPT vs. IYW - Volatility Comparison
Invesco S&P 500 Equal Weight Technology ETF (RSPT) has a higher volatility of 7.02% compared to iShares U.S. Technology ETF (IYW) at 6.30%. This indicates that RSPT's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPT | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.30% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 15.85% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 20.09% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.08% | 25.87% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 25.09% | -1.32% |
RSPT vs. IYW - Expense Ratio Comparison
RSPT has a 0.40% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
RSPT vs. IYW - Dividend Comparison
RSPT's dividend yield for the trailing twelve months is around 0.25%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.25% | 0.39% | 0.44% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% |
Frequently Asked Questions
RSPT and IYW have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPT has higher volatility (7.02%) compared to IYW (6.30%). In terms of maximum drawdown, RSPT dropped -58.91% vs IYW's -81.90%.
On 10-year performance, IYW leads with 26.11% vs 22.48% for RSPT. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 6.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 26.11% return vs 22.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.40% for RSPT.
RSPT has the higher dividend yield at 0.25%, compared with 0.11% for IYW.
RSPT tracks S&P 500® Information Technology Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPT and 0.38% for IYW.
RSPT currently has the higher Sharpe Ratio (3.54 vs 2.98), 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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