^SPXEW vs. RSP
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500® Equal Weight ETF (RSP).
RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or RSP.
Key characteristics
| ^SPXEW | RSP | |
|---|---|---|
| YTD Return | 14.97% | 16.49% |
| 1Y Return | 27.00% | 29.29% |
| 3Y Return (Ann) | 5.23% | 7.08% |
| 5Y Return (Ann) | 11.04% | 13.00% |
| 10Y Return (Ann) | 9.58% | 11.47% |
| Sharpe Ratio | 2.27 | 2.47 |
| Sortino Ratio | 3.16 | 3.44 |
| Omega Ratio | 1.40 | 1.44 |
| Calmar Ratio | 1.49 | 1.87 |
| Martin Ratio | 12.19 | 13.78 |
| Ulcer Index | 2.27% | 2.17% |
| Daily Std Dev | 12.18% | 12.12% |
| Max Drawdown | -60.83% | -59.92% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ^SPXEW and RSP is 0.99, 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.
Performance
^SPXEW vs. RSP - Performance Comparison
In the year-to-date period, ^SPXEW achieves a 14.97% return, which is significantly lower than RSP's 16.49% return. Over the past 10 years, ^SPXEW has underperformed RSP with an annualized return of 9.58%, while RSP has yielded a comparatively higher 11.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^SPXEW vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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.
Drawdowns
^SPXEW vs. RSP - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, roughly equal to the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and RSP. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. RSP - Volatility Comparison
S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500® Equal Weight ETF (RSP) have volatilities of 2.72% and 2.68%, 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.