XMAG vs. RSP
Compare and contrast key facts about Defiance Large Cap ex-Mag 7 ETF (XMAG) and Invesco S&P 500 Equal Weight ETF (RSP).
XMAG and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMAG is a passively managed fund by Defiance that tracks the performance of the BITA US 500 ex Magnificent 7 Index. It was launched on Oct 21, 2024. 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 XMAG 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
XMAG vs. RSP - Performance Comparison
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XMAG vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMAG Defiance Large Cap ex-Mag 7 ETF | -1.56% | 15.63% | -1.67% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | -2.04% |
Returns By Period
In the year-to-date period, XMAG achieves a -1.56% return, which is significantly lower than RSP's 0.62% return.
XMAG
- 1D
- 2.57%
- 1M
- -4.91%
- YTD
- -1.56%
- 6M
- 0.82%
- 1Y
- 13.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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XMAG vs. RSP - Expense Ratio Comparison
XMAG has a 0.35% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
XMAG vs. RSP — Risk / Return Rank
XMAG
RSP
XMAG vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Large Cap ex-Mag 7 ETF (XMAG) 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.
| XMAG | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.74 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.15 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.08 | +0.21 |
Martin ratioReturn relative to average drawdown | 6.26 | 4.89 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMAG | 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 | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.55 | -0.02 |
Correlation
The correlation between XMAG and RSP is 0.92, 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
XMAG vs. RSP - Dividend Comparison
XMAG's dividend yield for the trailing twelve months is around 0.52%, less than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.52% | 0.51% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
XMAG vs. RSP - Drawdown Comparison
The maximum XMAG drawdown since its inception was -16.17%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for XMAG and RSP.
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Drawdown Indicators
| XMAG | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -59.92% | +43.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -12.54% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.04% | — |
Current DrawdownCurrent decline from peak | -4.91% | -5.97% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -6.69% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.78% | -0.47% |
Volatility
XMAG vs. RSP - Volatility Comparison
Defiance Large Cap ex-Mag 7 ETF (XMAG) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 4.64% 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.
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Volatility by Period
| XMAG | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.47% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 8.83% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 17.17% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 16.20% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 18.36% | -2.88% |