CZA vs. RNMC
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and First Trust Mid Cap US Equity Select ETF (RNMC).
CZA and RNMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. RNMC is a passively managed fund by First Trust that tracks the performance of the Nasdaq Riskalyze Mid Cap US Equity Select Index. It was launched on Jun 20, 2017. Both CZA and RNMC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CZA or RNMC.
Performance
CZA vs. RNMC - Performance Comparison
Returns By Period
In the year-to-date period, CZA achieves a 16.70% return, which is significantly lower than RNMC's 20.02% return.
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
RNMC
20.02%
4.30%
13.47%
34.75%
11.72%
N/A
Key characteristics
| CZA | RNMC | |
|---|---|---|
| Sharpe Ratio | 2.29 | 2.55 |
| Sortino Ratio | 3.20 | 3.72 |
| Omega Ratio | 1.40 | 1.45 |
| Calmar Ratio | 3.15 | 5.76 |
| Martin Ratio | 12.31 | 16.24 |
| Ulcer Index | 2.25% | 2.46% |
| Daily Std Dev | 12.09% | 15.14% |
| Max Drawdown | -53.20% | -43.57% |
| Current Drawdown | -2.68% | -1.31% |
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CZA vs. RNMC - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is higher than RNMC's 0.60% expense ratio.
Correlation
The correlation between CZA and RNMC is 0.85, 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
CZA vs. RNMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) and First Trust Mid Cap US Equity Select ETF (RNMC). 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
CZA vs. RNMC - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.17%, more than RNMC's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
RNMC First Trust Mid Cap US Equity Select ETF | 0.77% | 0.00% | 1.71% | 1.21% | 1.33% | 1.68% | 0.00% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CZA vs. RNMC - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, which is greater than RNMC's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for CZA and RNMC. For additional features, visit the drawdowns tool.
Volatility
CZA vs. RNMC - Volatility Comparison
The current volatility for Invesco Zacks Mid-Cap ETF (CZA) is 4.12%, while First Trust Mid Cap US Equity Select ETF (RNMC) has a volatility of 5.54%. This indicates that CZA experiences smaller price fluctuations and is considered to be less risky than RNMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.