SPXT vs. RSP

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500 Equal Weight ETF (RSP).

SPXT and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both SPXT and RSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPXT vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

SPXT vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXT ProShares S&P 500 Ex-Technology ETF	-2.11%	15.10%	19.93%	16.23%	-14.24%	26.36%	10.44%	26.88%	-7.06%	16.99%
RSP Invesco S&P 500 Equal Weight ETF	0.62%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Returns By Period

In the year-to-date period, SPXT achieves a -2.11% return, which is significantly lower than RSP's 0.62% return. Both investments have delivered pretty close results over the past 10 years, with SPXT having a 11.15% annualized return and RSP not far ahead at 11.17%.

SPXT

• 1D: 2.14%
• 1M: -5.77%
• YTD: -2.11%
• 6M: 1.29%
• 1Y: 12.86%
• 3Y*: 15.27%
• 5Y*: 9.42%
• 10Y*: 11.15%

RSP

• 1D: 2.05%
• 1M: -5.97%
• YTD: 0.62%
• 6M: 2.01%
• 1Y: 12.65%
• 3Y*: 11.72%
• 5Y*: 7.81%
• 10Y*: 11.17%

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

SPXT vs. RSP - Expense Ratio Comparison

SPXT has a 0.27% expense ratio, which is higher than RSP's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SPXT

ProShares S&P 500 Ex-Technology ETF

RSP

Invesco S&P 500 Equal Weight ETF

Return for Risk

SPXT vs. RSP — Risk / Return Rank

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

SPXT

SPXT Risk / Return Rank: 52
SPXT Sharpe Ratio Rank: 48
SPXT Sortino Ratio Rank: 49
SPXT Omega Ratio Rank: 51
SPXT Calmar Ratio Rank: 52
SPXT Martin Ratio Rank: 61

RSP

RSP Risk / Return Rank: 47
RSP Sharpe Ratio Rank: 43
RSP Sortino Ratio Rank: 45
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 47
RSP Martin Ratio Rank: 55

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.

SPXT vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500 Equal Weight ETF (RSP). 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.

	SPXT	RSP	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.74	+0.08
Sortino ratio Return per unit of downside risk	1.25	1.15	+0.10
Omega ratio Gain probability vs. loss probability	1.18	1.16	+0.02
Calmar ratio Return relative to maximum drawdown	1.23	1.08	+0.15
Martin ratio Return relative to average drawdown	5.69	4.89	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXT vs. RSP - Sharpe Ratio Comparison

The current SPXT Sharpe Ratio is 0.82, which is comparable to the RSP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of SPXT and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPXT	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.74	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.48	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.61	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.55	+0.15

Correlation

The correlation between SPXT and RSP is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPXT vs. RSP - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.46%, less than RSP's 1.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXT ProShares S&P 500 Ex-Technology ETF	1.46%	1.38%	1.29%	1.53%	1.86%	1.15%	1.63%	1.63%	2.03%	1.55%	2.67%	0.56%
RSP Invesco S&P 500 Equal Weight ETF	1.62%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%

Drawdowns

SPXT vs. RSP - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SPXT and RSP.

Drawdown Indicators

	SPXT	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-59.92%	+25.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.19%	-12.54%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-21.38%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	-39.04%	+4.66%
Current Drawdown Current decline from peak	-5.77%	-5.97%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.19%	-6.69%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.78%	-0.36%

Volatility

SPXT vs. RSP - Volatility Comparison

ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 4.28% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXT	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.47%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	8.83%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	17.17%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	16.20%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	18.36%	-2.14%