WUTI.AS vs. RSP

Last updated Jun 5, 2026

WUTI.AS (SPDR MSCI World Utilities UCITS ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - WUTI.AS is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, WUTI.AS returned 8.29%/yr vs 11.62%/yr for RSP. At a 0.36 correlation, their price movements are largely independent. WUTI.AS charges 0.30%/yr vs 0.20%/yr for RSP.

Performance

WUTI.AS vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Utilities UCITS ETF (WUTI.AS) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WUTI.AS is traded in EUR, while RSP is traded in USD. To make them comparable, the RSP values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WUTI.AS achieves a 5.41% return, which is significantly lower than RSP's 11.79% return. Over the past 10 years, WUTI.AS has underperformed RSP with an annualized return of 8.29%, while RSP has yielded a comparatively higher 11.62% annualized return.

WUTI.AS

• 1D: -1.57%
• 1M: -5.07%
• YTD: 5.41%
• 6M: 4.50%
• 1Y: 12.22%
• 3Y*: 11.62%
• 5Y*: 9.79%
• 10Y*: 8.29%

RSP

• 1D: 0.61%
• 1M: 4.43%
• YTD: 11.79%
• 6M: 11.27%
• 1Y: 18.65%
• 3Y*: 12.57%
• 5Y*: 9.50%
• 10Y*: 11.62%

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

WUTI.AS vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WUTI.AS SPDR MSCI World Utilities UCITS ETF	5.41%	11.17%	20.70%	-3.59%	2.39%	19.69%	-4.50%	24.65%	7.03%	-0.04%
RSP Invesco S&P 500 Equal Weight ETF	11.79%	-1.99%	20.24%	10.29%	-6.14%	39.09%	3.37%	31.82%	-3.51%	3.95%

Correlation

The correlation between WUTI.AS and RSP is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 26, 2009	0.36

The correlation between WUTI.AS and RSP shifts across timeframes, from 0.16 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WUTI.AS vs. RSP — Risk / Return Rank

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

WUTI.AS

WUTI.AS Risk / Return Rank: 29
WUTI.AS Sharpe Ratio Rank: 28
WUTI.AS Sortino Ratio Rank: 27
WUTI.AS Omega Ratio Rank: 26
WUTI.AS Calmar Ratio Rank: 35
WUTI.AS Martin Ratio Rank: 31

RSP

RSP Risk / Return Rank: 55
RSP Sharpe Ratio Rank: 54
RSP Sortino Ratio Rank: 55
RSP Omega Ratio Rank: 52
RSP Calmar Ratio Rank: 55
RSP Martin Ratio Rank: 58

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.

WUTI.AS vs. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Utilities UCITS ETF (WUTI.AS) 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.

	WUTI.AS	RSP	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.61	-0.61
Sortino ratio: Return per unit of downside risk	1.42	2.19	-0.77
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.68	3.11	-1.43
Martin ratio: Return relative to average drawdown	4.58	10.05	-5.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WUTI.AS vs. RSP - Sharpe Ratio Comparison

The current WUTI.AS Sharpe Ratio is 0.99, which is lower than the RSP Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of WUTI.AS and RSP, 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

	WUTI.AS	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.61	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.60	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.62	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.52	-0.10

Drawdowns

WUTI.AS vs. RSP - Drawdown Comparison

The maximum WUTI.AS drawdown since its inception was -33.51%, smaller than the maximum RSP drawdown of -54.29%. Use the drawdown chart below to compare losses from any high point for WUTI.AS and RSP.

Drawdown Indicators

	WUTI.AS	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-33.51%	-54.29%	+20.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-6.03%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.60%	-21.80%	+9.20%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-21.80%	-1.19%
Max Drawdown (10Y) Largest decline over 10 years	-33.51%	-38.68%	+5.17%
Current Drawdown Current decline from peak	-7.14%	0.00%	-7.14%
Average Drawdown Average peak-to-trough decline	-7.59%	-7.91%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.86%	+0.79%

Volatility

WUTI.AS vs. RSP - Volatility Comparison

SPDR MSCI World Utilities UCITS ETF (WUTI.AS) has a higher volatility of 4.31% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.02%. This indicates that WUTI.AS's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WUTI.AS	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	2.02%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	8.25%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	11.68%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	15.87%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	18.74%	-2.32%

WUTI.AS vs. RSP - Expense Ratio Comparison

WUTI.AS has a 0.30% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

WUTI.AS vs. RSP - Dividend Comparison

WUTI.AS has not paid dividends to shareholders, while RSP's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.48%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
WUTI.AS SPDR MSCI World Utilities UCITS ETF	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 WUTI.AS and RSP in my portfolio?

WUTI.AS and RSP have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WUTI.AS or RSP?

On fees, RSP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WUTI.AS or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.30% for WUTI.AS.

What is the main difference between WUTI.AS and RSP?

WUTI.AS is categorized as Utilities Equities, while RSP is S&P 500. WUTI.AS tracks MSCI World/Utilities NR USD, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for WUTI.AS and 0.20% for RSP.