XOEF vs. RSPM
XOEF (iShares S&P 500 ex S&P 100 ETF) and RSPM (Invesco S&P 500® Equal Weight Materials ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while RSPM is a Materials fund tracking the S&P 500 Equal Weight Materials Index. Both are passively managed. Over the past year, XOEF returned 18.97% vs 15.51% for RSPM. A 0.67 correlation means they provide meaningful diversification when combined. XOEF charges 0.20%/yr vs 0.40%/yr for RSPM.
Performance
XOEF vs. RSPM - Performance Comparison
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Returns By Period
In the year-to-date period, XOEF achieves a 13.96% return, which is significantly higher than RSPM's 13.08% return.
XOEF
- 1D
- -0.44%
- 1M
- -1.24%
- 6M
- 8.68%
- YTD
- 13.96%
- 1Y
- 18.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.24%
RSPM
- 1D
- -1.01%
- 1M
- -2.57%
- 6M
- 4.72%
- YTD
- 13.08%
- 1Y
- 15.51%
- 3Y*
- 7.07%
- 5Y*
- 5.63%
- 10Y*
- 10.11%
- ALL TIME*
- 9.13%
XOEF vs. RSPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XOEF iShares S&P 500 ex S&P 100 ETF | 13.96% | 4.27% |
RSPM Invesco S&P 500® Equal Weight Materials ETF | 13.08% | 1.09% |
Correlation
The correlation between XOEF and RSPM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.67 |
The correlation between XOEF and RSPM has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
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Return for Risk
XOEF vs. RSPM — Risk / Return Rank
XOEF
RSPM
XOEF vs. RSPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) and Invesco S&P 500® Equal Weight Materials ETF (RSPM). 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.
| XOEF | RSPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.26 | +1.22 |
| Martin ratioReturn relative to average drawdown | 9.52 | 3.23 | +6.29 |
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Drawdowns
XOEF vs. RSPM - Drawdown Comparison
The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum RSPM drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for XOEF and RSPM.
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Drawdown Indicators
| XOEF | RSPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.66% | -61.18% | +53.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -12.32% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.84% | — |
Current DrawdownCurrent decline from peak | -2.87% | -6.36% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -8.77% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 4.81% | -2.81% |
Volatility
XOEF vs. RSPM - Volatility Comparison
The current volatility for iShares S&P 500 ex S&P 100 ETF (XOEF) is 3.32%, while Invesco S&P 500® Equal Weight Materials ETF (RSPM) has a volatility of 4.84%. This indicates that XOEF experiences smaller price fluctuations and is considered to be less risky than RSPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XOEF | RSPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.84% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 14.17% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 18.77% | -5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 20.17% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 21.88% | -9.12% |
XOEF vs. RSPM - Expense Ratio Comparison
XOEF has a 0.20% expense ratio, which is lower than RSPM's 0.40% expense ratio.
Dividends
XOEF vs. RSPM - Dividend Comparison
XOEF's dividend yield for the trailing twelve months is around 1.06%, less than RSPM's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPM Invesco S&P 500® Equal Weight Materials ETF | 1.80% | 2.06% | 2.04% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.28% | 1.57% |
XOEF iShares S&P 500 ex S&P 100 ETF | 1.06% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XOEF and RSPM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPM has higher volatility (4.84%) compared to XOEF (3.32%). In terms of maximum drawdown, XOEF dropped -7.66% vs RSPM's -61.18%.
On 1-year performance, XOEF leads with 18.97% vs 15.51% for RSPM. On fees, XOEF is cheaper at 0.20% per year. On volatility, XOEF has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XOEF has performed better with a 18.97% return vs 15.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XOEF is cheaper with a 0.20% expense ratio, compared with 0.40% for RSPM.
RSPM has the higher dividend yield at 1.80%, compared with 1.06% for XOEF.
XOEF is categorized as S&P 500, while RSPM is Materials. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while RSPM tracks S&P 500 Equal Weight Materials Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for XOEF and 0.40% for RSPM.
XOEF currently has the higher Sharpe Ratio (1.48 vs 0.83), 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.
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