XLU vs. RSPU

Last updated Jun 3, 2026

XLU (State Street Utilities Select Sector SPDR ETF) and RSPU (Invesco S&P 500 Equal Weight Utilities ETF) are both Utilities Equities funds - XLU tracks the Utilities Select Sector Index while RSPU tracks the S&P 500 Equal Weighted / Utilities Plus. Both are passively managed. Over the past 10 years, XLU returned 9.19%/yr vs 9.42%/yr for RSPU. Their correlation of 0.89 suggests significant overlap in exposure. XLU charges 0.08%/yr vs 0.40%/yr for RSPU.

Performance

XLU vs. RSPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Utilities Select Sector SPDR ETF (XLU) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLU achieves a 3.55% return, which is significantly lower than RSPU's 5.10% return. Both investments have delivered pretty close results over the past 10 years, with XLU having a 9.19% annualized return and RSPU not far ahead at 9.42%.

XLU

• 1D: 1.86%
• 1M: -5.69%
• YTD: 3.55%
• 6M: 1.36%
• 1Y: 9.88%
• 3Y*: 13.91%
• 5Y*: 9.31%
• 10Y*: 9.19%

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%

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

XLU vs. RSPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLU State Street Utilities Select Sector SPDR ETF	3.55%	16.03%	23.31%	-7.18%	1.44%	17.70%	0.51%	25.93%	3.94%	12.05%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	5.10%	16.82%	23.57%	-3.45%	4.37%	17.13%	-2.70%	22.94%	6.89%	9.43%

Correlation

The correlation between XLU and RSPU is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.89

The correlation between XLU and RSPU has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.

XLU vs. RSPU - Sectors Allocation Comparison

Sectors	XLU	RSPU
Utilities	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

XLU vs. RSPU — Risk / Return Rank

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

XLU

XLU Risk / Return Rank: 21
XLU Sharpe Ratio Rank: 20
XLU Sortino Ratio Rank: 19
XLU Omega Ratio Rank: 20
XLU Calmar Ratio Rank: 23
XLU Martin Ratio Rank: 21

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

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.

XLU vs. RSPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Utilities Select Sector SPDR ETF (XLU) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU). 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.

	XLU	RSPU	Difference
Sharpe ratio Return per unit of total volatility	0.68	0.82	-0.14
Sortino ratio Return per unit of downside risk	1.01	1.18	-0.17
Omega ratio Gain probability vs. loss probability	1.13	1.15	-0.02
Calmar ratio Return relative to maximum drawdown	1.11	1.39	-0.28
Martin ratio Return relative to average drawdown	2.52	3.26	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLU vs. RSPU - Sharpe Ratio Comparison

The current XLU Sharpe Ratio is 0.68, which is comparable to the RSPU Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of XLU and RSPU, 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

	XLU	RSPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.82	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.64	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.50	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.47	-0.07

Drawdowns

XLU vs. RSPU - Drawdown Comparison

The maximum XLU drawdown since its inception was -51.98%, which is greater than RSPU's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for XLU and RSPU.

Drawdown Indicators

	XLU	RSPU	Difference
Max Drawdown Largest peak-to-trough decline	-51.98%	-48.08%	-3.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-8.46%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	-16.27%	-0.99%
Max Drawdown (5Y) Largest decline over 5 years	-25.26%	-21.86%	-3.40%
Max Drawdown (10Y) Largest decline over 10 years	-36.07%	-36.85%	+0.78%
Current Drawdown Current decline from peak	-7.38%	-6.91%	-0.47%
Average Drawdown Average peak-to-trough decline	-10.22%	-7.85%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	3.60%	+0.47%

Volatility

XLU vs. RSPU - Volatility Comparison

State Street Utilities Select Sector SPDR ETF (XLU) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU) have volatilities of 5.41% and 5.21%, 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

	XLU	RSPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	5.21%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	11.17%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	13.98%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	16.92%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	19.09%	+0.17%

XLU vs. RSPU - Expense Ratio Comparison

XLU has a 0.08% expense ratio, which is lower than RSPU's 0.40% expense ratio.

Dividends

XLU vs. RSPU - Dividend Comparison

XLU's dividend yield for the trailing twelve months is around 2.71%, more than RSPU's 2.53% yield.

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%
XLU State Street Utilities Select Sector SPDR ETF	2.71%	2.71%	2.96%	3.39%	2.92%	2.79%	3.14%	2.95%	3.33%	3.33%	3.41%	3.67%

Frequently Asked Questions

Can I hold both XLU and RSPU in my portfolio?

With a correlation of 0.97, XLU and RSPU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XLU or RSPU?

XLU has higher volatility (5.41%) compared to RSPU (5.21%). In terms of maximum drawdown, XLU dropped -51.98% vs RSPU's -48.08%.

Which ETF is better, XLU or RSPU?

On 10-year performance, RSPU leads with 9.42% vs 9.19% for XLU. On fees, XLU is cheaper at 0.08% 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, XLU or RSPU?

Over the 10-year period, RSPU has performed better with a 9.42% return vs 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLU or RSPU?

XLU is cheaper with a 0.08% expense ratio, compared with 0.40% for RSPU.

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

XLU has the higher dividend yield at 2.71%, compared with 2.53% for RSPU.

What is the main difference between XLU and RSPU?

XLU tracks Utilities Select Sector Index, while RSPU tracks S&P 500 Equal Weighted / Utilities Plus. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.08% for XLU and 0.40% for RSPU.

Which has better risk-adjusted returns?

RSPU currently has the higher Sharpe Ratio (0.82 vs 0.68), 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.