RSPU vs. NFRA

Last updated Jun 4, 2026

RSPU (Invesco S&P 500 Equal Weight Utilities ETF) and NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) are both Utilities Equities funds - RSPU tracks the S&P 500 Equal Weighted / Utilities Plus while NFRA tracks the STOXX Global Broad Infrastructure Index. Both are passively managed. Over the past 10 years, RSPU returned 9.39%/yr vs 7.17%/yr for NFRA. A 0.64 correlation means they provide meaningful diversification when combined. RSPU charges 0.40%/yr vs 0.47%/yr for NFRA.

Performance

RSPU vs. NFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPU achieves a 4.83% return, which is significantly lower than NFRA's 8.93% return. Over the past 10 years, RSPU has outperformed NFRA with an annualized return of 9.39%, while NFRA has yielded a comparatively lower 7.17% annualized return.

RSPU

• 1D: -0.25%
• 1M: -4.29%
• YTD: 4.83%
• 6M: 3.78%
• 1Y: 10.96%
• 3Y*: 15.70%
• 5Y*: 10.71%
• 10Y*: 9.39%

NFRA

• 1D: -1.08%
• 1M: 0.27%
• YTD: 8.93%
• 6M: 9.67%
• 1Y: 13.59%
• 3Y*: 12.91%
• 5Y*: 5.56%
• 10Y*: 7.17%

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

RSPU vs. NFRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPU Invesco S&P 500 Equal Weight Utilities ETF	4.83%	16.82%	23.57%	-3.45%	4.37%	17.13%	-2.70%	22.94%	6.89%	9.43%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	8.93%	18.42%	4.76%	8.96%	-10.11%	9.61%	2.24%	26.27%	-7.74%	15.92%

Correlation

The correlation between RSPU and NFRA is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013	0.64

The correlation between RSPU and NFRA has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

RSPU vs. NFRA - Sectors Allocation Comparison

Sectors	RSPU	NFRA
Utilities	100.0%	25.0%
Basic Materials	-	-
Communication Services	-	21.8%
Consumer Cyclical	-	0.2%
Consumer Defensive	-	0.1%
Energy	-	11.6%
Financial Services	-	0.7%
Healthcare	-	3.6%
Industrials	-	25.9%
Real Estate	-	4.7%
Technology	-	1.8%

Return for Risk

RSPU vs. NFRA — Risk / Return Rank

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

RSPU

RSPU Risk / Return Rank: 23
RSPU Sharpe Ratio Rank: 22
RSPU Sortino Ratio Rank: 21
RSPU Omega Ratio Rank: 21
RSPU Calmar Ratio Rank: 27
RSPU Martin Ratio Rank: 24

NFRA

NFRA Risk / Return Rank: 37
NFRA Sharpe Ratio Rank: 36
NFRA Sortino Ratio Rank: 36
NFRA Omega Ratio Rank: 35
NFRA Calmar Ratio Rank: 38
NFRA Martin Ratio Rank: 38

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.

RSPU vs. NFRA - 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 FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). 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.

	RSPU	NFRA	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.32	-0.53
Sortino ratio: Return per unit of downside risk	1.14	1.89	-0.76
Omega ratio: Gain probability vs. loss probability	1.14	1.24	-0.10
Calmar ratio: Return relative to maximum drawdown	1.30	1.87	-0.57
Martin ratio: Return relative to average drawdown	3.04	6.01	-2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPU vs. NFRA - Sharpe Ratio Comparison

The current RSPU Sharpe Ratio is 0.79, which is lower than the NFRA Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of RSPU and NFRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPU	NFRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.32	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.43	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.48	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	-0.02

Drawdowns

RSPU vs. NFRA - Drawdown Comparison

The maximum RSPU drawdown since its inception was -48.08%, which is greater than NFRA's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for RSPU and NFRA.

Drawdown Indicators

	RSPU	NFRA	Difference
Max Drawdown Largest peak-to-trough decline	-48.08%	-32.49%	-15.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.46%	-7.28%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-11.15%	-5.12%
Max Drawdown (5Y) Largest decline over 5 years	-21.86%	-22.75%	+0.89%
Max Drawdown (10Y) Largest decline over 10 years	-36.85%	-32.49%	-4.36%
Current Drawdown Current decline from peak	-7.15%	-2.15%	-5.00%
Average Drawdown Average peak-to-trough decline	-7.85%	-4.53%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.27%	+1.36%

Volatility

RSPU vs. NFRA - Volatility Comparison

Invesco S&P 500 Equal Weight Utilities ETF (RSPU) has a higher volatility of 5.21% compared to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) at 3.35%. This indicates that RSPU's price experiences larger fluctuations and is considered to be riskier than NFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPU	NFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	3.35%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	8.30%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	10.37%	+3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	12.98%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	14.97%	+4.12%

RSPU vs. NFRA - Expense Ratio Comparison

RSPU has a 0.40% expense ratio, which is lower than NFRA's 0.47% expense ratio.

Dividends

RSPU vs. NFRA - Dividend Comparison

RSPU's dividend yield for the trailing twelve months is around 2.54%, less than NFRA's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	5.54%	6.00%	3.33%	2.57%	2.28%	2.71%	2.22%	2.27%	3.06%	2.81%	2.98%	2.47%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	2.54%	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

Can I hold both RSPU and NFRA in my portfolio?

RSPU and NFRA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPU or NFRA?

RSPU has higher volatility (5.21%) compared to NFRA (3.35%). In terms of maximum drawdown, RSPU dropped -48.08% vs NFRA's -32.49%.

Which ETF is better, RSPU or NFRA?

On 10-year performance, RSPU leads with 9.39% vs 7.17% for NFRA. On fees, RSPU is cheaper at 0.40% per year. On volatility, NFRA has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPU or NFRA?

Over the 10-year period, RSPU has performed better with a 9.39% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPU or NFRA?

RSPU is cheaper with a 0.40% expense ratio, compared with 0.47% for NFRA.

Which ETF pays a higher dividend yield, RSPU or NFRA?

NFRA has the higher dividend yield at 5.54%, compared with 2.54% for RSPU.

What is the main difference between RSPU and NFRA?

RSPU tracks S&P 500 Equal Weighted / Utilities Plus, while NFRA tracks STOXX Global Broad Infrastructure Index. They also come from different issuers: Invesco and FlexShares. Their fees differ too: 0.40% for RSPU and 0.47% for NFRA.

Which has better risk-adjusted returns?

NFRA currently has the higher Sharpe Ratio (1.32 vs 0.79), 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.