RSPU vs. FCLD
RSPU (Invesco S&P 500 Equal Weight Utilities ETF) and FCLD (Fidelity Cloud Computing ETF) are both exchange-traded funds - RSPU is a Utilities Equities fund tracking the S&P 500 Equal Weighted / Utilities Plus, while FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, RSPU returned 15.03%/yr vs 24.29%/yr for FCLD. Their 0.15 correlation means their historical movements had little consistent relationship. RSPU charges 0.40%/yr vs 0.39%/yr for FCLD.
Performance
RSPU vs. FCLD - Performance Comparison
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Returns By Period
In the year-to-date period, RSPU achieves a 6.90% return, which is significantly lower than FCLD's 33.66% return.
RSPU
- 1D
- -0.78%
- 1M
- -3.70%
- 6M
- 4.75%
- YTD
- 6.90%
- 1Y
- 7.59%
- 3Y*
- 15.03%
- 5Y*
- 10.97%
- 10Y*
- 9.27%
- ALL TIME*
- 8.99%
FCLD
- 1D
- 1.33%
- 1M
- 4.17%
- 6M
- 35.89%
- YTD
- 33.66%
- 1Y
- 45.67%
- 3Y*
- 24.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $599.13K | $567.95K | $795.73K | |
| $2.36M | $2.33M | $3.07M |
RSPU vs. FCLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 6.90% | 16.82% | 23.57% | -3.45% | 4.37% | 9.10% |
FCLD Fidelity Cloud Computing ETF | 33.66% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
Correlation
The correlation between RSPU and FCLD is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.15 |
The correlation between RSPU and FCLD shifts across timeframes, from -0.17 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPU vs. FCLD — Risk / Return Rank
RSPU
FCLD
RSPU vs. FCLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and Fidelity Cloud Computing ETF (FCLD). 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.
| RSPU | FCLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.28 | -1.32 |
| Martin ratioReturn relative to average drawdown | 2.06 | 5.48 | -3.42 |
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Drawdowns
RSPU vs. FCLD - Drawdown Comparison
The maximum RSPU drawdown since its inception was -48.08%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for RSPU and FCLD.
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Drawdown Indicators
| RSPU | FCLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -50.85% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -17.48% | +9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.77% | -34.80% | +23.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.85% | — | — |
Current DrawdownCurrent decline from peak | -5.32% | -4.65% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -20.08% | +12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 7.31% | -3.38% |
Volatility
RSPU vs. FCLD - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is 4.67%, while Fidelity Cloud Computing ETF (FCLD) has a volatility of 6.98%. This indicates that RSPU experiences smaller price fluctuations and is considered to be less risky than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPU | FCLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 6.98% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 22.27% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 28.80% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 30.39% | -13.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 30.39% | -11.25% |
RSPU vs. FCLD - Expense Ratio Comparison
RSPU has a 0.40% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Dividends
RSPU vs. FCLD - Dividend Comparison
RSPU's dividend yield for the trailing twelve months is around 2.57%, more than FCLD's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 2.57% | 2.54% | 2.39% | 2.92% | 2.35% | 2.41% | 2.94% | 2.54% | 3.11% | 3.08% | 2.98% | 4.14% |
Frequently Asked Questions
RSPU and FCLD have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLD has higher volatility (6.98%) compared to RSPU (4.67%). In terms of maximum drawdown, RSPU dropped -48.08% vs FCLD's -50.85%.
On 3-year performance, FCLD leads with 24.29% vs 15.03% for RSPU. On fees, FCLD is cheaper at 0.39% per year. On volatility, RSPU has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FCLD has performed better with a 24.29% return vs 15.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCLD is cheaper with a 0.39% expense ratio, compared with 0.40% for RSPU.
RSPU has the higher dividend yield at 2.57%, compared with 0.01% for FCLD.
RSPU is categorized as Utilities Equities, while FCLD is Technology Equities. RSPU tracks S&P 500 Equal Weighted / Utilities Plus, while FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.40% for RSPU and 0.39% for FCLD.
FCLD currently has the higher Sharpe Ratio (1.38 vs 0.56), 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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