BALT vs. RSPN
Compare and contrast key facts about Innovator Defined Wealth Shield ETF (BALT) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN).
BALT and RSPN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021. RSPN is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight Industrials Index. It was launched on Jan 11, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALT or RSPN.
Key characteristics
| BALT | RSPN | |
|---|---|---|
| YTD Return | 2.14% | 7.14% |
| 1Y Return | 6.89% | 27.22% |
| Sharpe Ratio | 2.54 | 1.87 |
| Daily Std Dev | 2.70% | 13.68% |
| Max Drawdown | -2.16% | -59.17% |
| Current Drawdown | -0.27% | -3.42% |
Correlation
The correlation between BALT and RSPN is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BALT vs. RSPN - Performance Comparison
In the year-to-date period, BALT achieves a 2.14% return, which is significantly lower than RSPN's 7.14% 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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BALT vs. RSPN - Expense Ratio Comparison
BALT has a 0.69% expense ratio, which is higher than RSPN's 0.40% expense ratio.
Risk-Adjusted Performance
BALT vs. RSPN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Defined Wealth Shield ETF (BALT) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN). 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.
Dividends
BALT vs. RSPN - Dividend Comparison
BALT has not paid dividends to shareholders, while RSPN's dividend yield for the trailing twelve months is around 0.75%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.75% | 0.57% | 0.05% | 0.03% | 0.04% | 0.06% | 0.06% | 0.05% | 0.05% | 0.06% | 0.05% | 0.04% |
Drawdowns
BALT vs. RSPN - Drawdown Comparison
The maximum BALT drawdown since its inception was -2.16%, smaller than the maximum RSPN drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for BALT and RSPN. For additional features, visit the drawdowns tool.
Volatility
BALT vs. RSPN - Volatility Comparison
The current volatility for Innovator Defined Wealth Shield ETF (BALT) is 0.97%, while Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a volatility of 3.43%. This indicates that BALT experiences smaller price fluctuations and is considered to be less risky than RSPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.