RSPU vs. XXXX

Last updated Jun 3, 2026

RSPU (Invesco S&P 500 Equal Weight Utilities ETF) and XXXX (MAX S&P 500 4X Leveraged ETN) are both exchange-traded funds - RSPU is a Utilities Equities fund tracking the S&P 500 Equal Weighted / Utilities Plus, while XXXX is a Leveraged Equities fund tracking the S&P 500. Both are passively managed. Over the past year, RSPU returned 11.44% vs 96.61% for XXXX. At a 0.25 correlation, their price movements are largely independent. RSPU charges 0.40%/yr vs 2.95%/yr for XXXX.

Performance

RSPU vs. XXXX - 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 MAX S&P 500 4X Leveraged ETN (XXXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPU achieves a 5.10% return, which is significantly lower than XXXX's 33.15% return.

RSPU

• 1D: 1.69%
• 1M: -4.51%
• YTD: 5.10%
• 6M: 3.75%
• 1Y: 11.44%
• 3Y*: 15.80%
• 5Y*: 10.73%
• 10Y*: 9.42%

XXXX

• 1D: 0.50%
• 1M: 20.10%
• YTD: 33.15%
• 6M: 31.59%
• 1Y: 96.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPU vs. XXXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSPU Invesco S&P 500 Equal Weight Utilities ETF	5.10%	16.82%	23.57%	1.66%
XXXX MAX S&P 500 4X Leveraged ETN	33.15%	17.36%	61.36%	16.31%

Correlation

The correlation between RSPU and XXXX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.25

Return for Risk

RSPU vs. XXXX — Risk / Return Rank

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

RSPU

RSPU Risk / Return Rank: 24
RSPU Sharpe Ratio Rank: 24
RSPU Sortino Ratio Rank: 22
RSPU Omega Ratio Rank: 22
RSPU Calmar Ratio Rank: 28
RSPU Martin Ratio Rank: 24

XXXX

XXXX Risk / Return Rank: 55
XXXX Sharpe Ratio Rank: 61
XXXX Sortino Ratio Rank: 50
XXXX Omega Ratio Rank: 52
XXXX Calmar Ratio Rank: 53
XXXX Martin Ratio Rank: 59

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. XXXX - 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 MAX S&P 500 4X Leveraged ETN (XXXX). 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	XXXX	Difference
Sharpe ratio Return per unit of total volatility	0.82	2.08	-1.26
Sortino ratio Return per unit of downside risk	1.18	2.48	-1.30
Omega ratio Gain probability vs. loss probability	1.15	1.33	-0.18
Calmar ratio Return relative to maximum drawdown	1.39	2.71	-1.32
Martin ratio Return relative to average drawdown	3.26	10.36	-7.10
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. XXXX - Sharpe Ratio Comparison

The current RSPU Sharpe Ratio is 0.82, which is lower than the XXXX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of RSPU and XXXX, 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	XXXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	2.08	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.90	-0.43

Drawdowns

RSPU vs. XXXX - Drawdown Comparison

The maximum RSPU drawdown since its inception was -48.08%, smaller than the maximum XXXX drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for RSPU and XXXX.

Drawdown Indicators

	RSPU	XXXX	Difference
Max Drawdown Largest peak-to-trough decline	-48.08%	-62.27%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.46%	-37.25%	+28.79%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.85%	—	—
Current Drawdown Current decline from peak	-6.91%	0.00%	-6.91%
Average Drawdown Average peak-to-trough decline	-7.85%	-11.62%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	9.72%	-6.12%

Volatility

RSPU vs. XXXX - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is 5.21%, while MAX S&P 500 4X Leveraged ETN (XXXX) has a volatility of 10.91%. This indicates that RSPU experiences smaller price fluctuations and is considered to be less risky than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPU	XXXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	10.91%	-5.70%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	35.33%	-24.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	46.75%	-32.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	60.77%	-43.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	60.77%	-41.68%

RSPU vs. XXXX - Expense Ratio Comparison

RSPU has a 0.40% expense ratio, which is lower than XXXX's 2.95% expense ratio.

Dividends

RSPU vs. XXXX - Dividend Comparison

RSPU's dividend yield for the trailing twelve months is around 2.53%, while XXXX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPU Invesco S&P 500 Equal Weight Utilities ETF	2.53%	2.54%	2.39%	2.92%	2.35%	2.41%	2.94%	2.54%	3.11%	3.08%	2.98%	4.14%
XXXX MAX S&P 500 4X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSPU and XXXX in my portfolio?

RSPU and XXXX 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.

Which is riskier, RSPU or XXXX?

XXXX has higher volatility (10.91%) compared to RSPU (5.21%). In terms of maximum drawdown, RSPU dropped -48.08% vs XXXX's -62.27%.

Which ETF is better, RSPU or XXXX?

On 1-year performance, XXXX leads with 96.61% vs 11.44% for RSPU. On fees, RSPU is cheaper at 0.40% per year. On volatility, RSPU has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPU or XXXX?

Over the 1-year period, XXXX has performed better with a 96.61% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPU or XXXX?

RSPU is cheaper with a 0.40% expense ratio, compared with 2.95% for XXXX.

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

RSPU has the higher dividend yield at 2.53%, compared with 0.00% for XXXX.

What is the main difference between RSPU and XXXX?

RSPU is categorized as Utilities Equities, while XXXX is Leveraged Equities. RSPU tracks S&P 500 Equal Weighted / Utilities Plus, while XXXX tracks S&P 500. They also come from different issuers: Invesco and Max. Their fees differ too: 0.40% for RSPU and 2.95% for XXXX.

Which has better risk-adjusted returns?

XXXX currently has the higher Sharpe Ratio (2.08 vs 0.82), 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.