RSP: Invesco S&P 500 Equal Weight ETF returns, drawdowns and risk
Alternatives to the market-cap weighted S&P 500: the price-weighted Dow 30 and the equal-weighted S&P 500.
Data updated October 2026
RSP · US exchange · USDCategory: Dow Jones and equal-weight ETFsData from October 2006
From October 2006 to October 2026 RSP returned 9.8% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $64,825.
Its deepest fall was 59.9%, from July 2007 to March 2009, and it took about 43 months to get back to the previous high. Annual volatility was 20.7%; at the last close it was 3.8% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 240 months both have data, the correlation of monthly returns was 0.95: they moved almost in lockstep. Beta was 1.08. In months when SPY rose, RSP moved 103% as much on average; in months when SPY fell, 110% as much.
Key figures
- Annual return (CAGR)
- +9.8%
- 1-year return
- +15.3%
- 5 years, a year
- +8.2%
- 10 years, a year
- +11.9%
- Annual volatility
- 20.7%
- Maximum drawdown
- −59.9%
- Sharpe ratio
- 0.48
- Worst year
- 2008: −40.1%
Trailing returns
| Period | RSP | SPY |
|---|---|---|
| 1 year | +15.3% | +16.6% |
| 3 years, a year | +17.3% | +23.1% |
| 5 years, a year | +8.2% | +12.7% |
| 10 years, a year | +11.9% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: RSP vs SPY
Month-end values from November 2006, the first month both funds have data.
RSP drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | RSP | SPY |
|---|---|---|
| 2026(partial) | +12.7% | +13.3% |
| 2025 | +11.2% | +17.7% |
| 2024 | +12.8% | +24.9% |
| 2023 | +13.7% | +26.2% |
| 2022 | −11.6% | −18.2% |
| 2021 | +29.4% | +28.7% |
| 2020 | +12.7% | +18.3% |
| 2019 | +28.9% | +31.2% |
| 2018 | −7.8% | −4.6% |
| 2017 | +18.5% | +21.7% |
| 2016 | +14.5% | +12.0% |
| 2015 | −2.7% | +1.2% |
| 2014 | +14.1% | +13.5% |
| 2013 | +35.5% | +32.3% |
| 2012 | +17.2% | +16.0% |
| 2011 | −0.7% | +1.9% |
| 2010 | +21.4% | +15.1% |
| 2009 | +44.6% | +26.4% |
| 2008 | −40.1% | −36.8% |
| 2007 | +0.9% | +5.1% |
| 2006(partial) | +4.4% | — |
RSP compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of RSP?
From October 2006 to October 2026 RSP returned 9.8% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +8.2% a year. Over the last 12 months: +15.3%.
What was the worst drawdown of RSP?
59.9%, from July 2007 to March 2009; it took about 43 months from the previous high to get back to it.
How volatile is RSP?
Annual volatility was 20.7% over the period. Its worst month was −20.9% and 65% of months were positive. Worst calendar year: 2008 (−40.1%).
How closely does RSP follow SPY?
Over 240 months the correlation of monthly returns was 0.95, so they moved almost in lockstep, with a beta of 1.08.
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Other Dow Jones and equal-weight ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.