SPHQ vs. RSPD

Last updated Aug 4, 2026

SPHQ (Invesco S&P 500 Quality ETF) and RSPD (Invesco S&P 500 Equal Weight Consumer Discretionary ETF) are both exchange-traded funds - SPHQ is a Quality Factor fund tracking the S&P 500 Quality Index, while RSPD is a Consumer Discretionary Equities fund tracking the S&P 500 Equal Weighted / Consumer Discretionary -SEC. Both are passively managed. Over the past 10 years, SPHQ returned 14.58%/yr vs 8.14%/yr for RSPD. Their 0.74 correlation means they have sometimes moved together and sometimes differently. SPHQ charges 0.15%/yr vs 0.40%/yr for RSPD.

Performance

SPHQ vs. RSPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Quality ETF (SPHQ) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHQ achieves a 14.14% return, which is significantly higher than RSPD's 1.19% return. Over the past 10 years, SPHQ has outperformed RSPD with an annualized return of 14.58%, while RSPD has yielded a comparatively lower 8.14% annualized return.

SPHQ

• 1D: 0.56%
• 1M: -3.11%
• 6M: 8.93%
• YTD: 14.14%
• 1Y: 21.69%
• 3Y*: 19.92%
• 5Y*: 12.81%
• 10Y*: 14.58%
• ALL TIME*: 10.03%

RSPD

• 1D: 1.06%
• 1M: 1.79%
• 6M: -2.22%
• YTD: 1.19%
• 1Y: 6.06%
• 3Y*: 8.79%
• 5Y*: 4.22%
• 10Y*: 8.14%
• ALL TIME*: 8.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	$3.23M	$2.98M	$3.50M
SPHQ Invesco S&P 500 Quality ETF	$121.34M	$134.31M	$144.70M

SPHQ vs. RSPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPHQ Invesco S&P 500 Quality ETF	14.14%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	1.19%	7.98%	13.37%	22.55%	-24.03%	28.75%	11.43%	25.88%	-8.79%	15.04%

Correlation

The correlation between SPHQ and RSPD is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Nov 7, 2006	0.74

The correlation between SPHQ and RSPD shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

SPHQ vs. RSPD - Sectors Allocation Comparison

Sectors	SPHQ	RSPD
Technology	41.2%	2.2%
Industrials	17.7%	1.8%
Financial Services	15.2%	0.1%
Consumer Defensive	7.5%	-
Communication Services	6.4%	2.4%
Consumer Cyclical	5.3%	93.6%
Utilities	4.5%	-
Healthcare	3.2%	-
Basic Materials	2.5%	-
Energy	1.0%	-
Real Estate	-	-

Return for Risk

SPHQ vs. RSPD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPHQ

SPHQ Risk / Return Rank: 65
SPHQ Sharpe Ratio Rank: 64
SPHQ Sortino Ratio Rank: 65
SPHQ Omega Ratio Rank: 59
SPHQ Calmar Ratio Rank: 69
SPHQ Martin Ratio Rank: 69

RSPD

RSPD Risk / Return Rank: 18
RSPD Sharpe Ratio Rank: 18
RSPD Sortino Ratio Rank: 19
RSPD Omega Ratio Rank: 17
RSPD Calmar Ratio Rank: 18
RSPD Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPHQ vs. RSPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). 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.

	SPHQ	RSPD	Difference
Sharpe ratio: Return per unit of total volatility	1.51	0.32	+1.18
Sortino ratio: Return per unit of downside risk	2.17	0.64	+1.54
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	2.45	0.44	+2.01
Martin ratio: Return relative to average drawdown	8.64	0.99	+7.66

SPHQ vs. RSPD - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 1.51, which is higher than the RSPD Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SPHQ and RSPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPHQ vs. RSPD - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, smaller than the maximum RSPD drawdown of -68.00%. Use the drawdown chart below to compare losses from any high point for SPHQ and RSPD.

Drawdown Indicators

	SPHQ	RSPD	Difference
Max Drawdown Largest peak-to-trough decline	-57.83%	-68.00%	+10.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-13.80%	+4.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-21.01%	+4.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-34.41%	+9.37%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	-48.00%	+16.40%
Current Drawdown Current decline from peak	-5.50%	-3.85%	-1.65%
Average Drawdown Average peak-to-trough decline	-10.64%	-10.67%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	6.14%	-3.62%

Volatility

SPHQ vs. RSPD - Volatility Comparison

The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 4.77%, while Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) has a volatility of 6.00%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than RSPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHQ	RSPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	6.00%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	14.62%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	18.82%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	22.19%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	23.13%	-5.15%

SPHQ vs. RSPD - Expense Ratio Comparison

SPHQ has a 0.15% expense ratio, which is lower than RSPD's 0.40% expense ratio.

Dividends

SPHQ vs. RSPD - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.10%, more than RSPD's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	0.86%	1.08%	0.84%	1.09%	0.99%	0.53%	0.81%	1.59%	1.67%	1.45%	1.27%	1.37%
SPHQ Invesco S&P 500 Quality ETF	1.10%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both SPHQ and RSPD in my portfolio?

SPHQ and RSPD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPHQ or RSPD?

RSPD has higher volatility (6.00%) compared to SPHQ (4.77%). In terms of maximum drawdown, SPHQ dropped -57.83% vs RSPD's -68.00%.

Which ETF is better, SPHQ or RSPD?

On 10-year performance, SPHQ leads with 14.58% vs 8.14% for RSPD. On fees, SPHQ is cheaper at 0.15% per year. On volatility, SPHQ has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHQ or RSPD?

Over the 10-year period, SPHQ has performed better with a 14.58% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHQ or RSPD?

SPHQ is cheaper with a 0.15% expense ratio, compared with 0.40% for RSPD.

Which ETF pays a higher dividend yield, SPHQ or RSPD?

SPHQ has the higher dividend yield at 1.10%, compared with 0.86% for RSPD.

What is the main difference between SPHQ and RSPD?

SPHQ is categorized as Quality Factor, while RSPD is Consumer Discretionary Equities. SPHQ tracks S&P 500 Quality Index, while RSPD tracks S&P 500 Equal Weighted / Consumer Discretionary -SEC. Their fees differ too: 0.15% for SPHQ and 0.40% for RSPD.

Which has better risk-adjusted returns?

SPHQ currently has the higher Sharpe Ratio (1.50 vs 0.32), 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.