CWS vs. RSP
Compare and contrast key facts about AdvisorShares Focused Equity ETF (CWS) and Invesco S&P 500® Equal Weight ETF (RSP).
CWS and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWS is an actively managed fund by AdvisorShares. It was launched on Sep 20, 2016. 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: CWS or RSP.
Performance
CWS vs. RSP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with CWS having a 18.45% return and RSP slightly lower at 18.07%.
CWS
18.45%
1.62%
11.23%
28.16%
14.42%
N/A
RSP
18.07%
2.55%
12.56%
27.69%
12.44%
10.53%
Key characteristics
| CWS | RSP | |
|---|---|---|
| Sharpe Ratio | 2.52 | 2.47 |
| Sortino Ratio | 3.42 | 3.42 |
| Omega Ratio | 1.43 | 1.44 |
| Calmar Ratio | 4.68 | 3.58 |
| Martin Ratio | 14.97 | 14.19 |
| Ulcer Index | 1.94% | 1.99% |
| Daily Std Dev | 11.51% | 11.47% |
| Max Drawdown | -33.82% | -59.92% |
| Current Drawdown | -1.77% | -0.51% |
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CWS vs. RSP - Expense Ratio Comparison
CWS has a 0.77% expense ratio, which is higher than RSP's 0.20% expense ratio.
Correlation
The correlation between CWS and RSP is 0.78, 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.
Risk-Adjusted Performance
CWS vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Focused Equity ETF (CWS) 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.
Dividends
CWS vs. RSP - Dividend Comparison
CWS's dividend yield for the trailing twelve months is around 0.21%, less than RSP's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWS AdvisorShares Focused Equity ETF | 0.21% | 0.25% | 0.50% | 0.16% | 0.27% | 0.39% | 2.61% | 0.29% | 0.03% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.44% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
CWS vs. RSP - Drawdown Comparison
The maximum CWS drawdown since its inception was -33.82%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for CWS and RSP. For additional features, visit the drawdowns tool.
Volatility
CWS vs. RSP - Volatility Comparison
AdvisorShares Focused Equity ETF (CWS) has a higher volatility of 3.97% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.63%. This indicates that CWS's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.