Correlation
The correlation between EQAL and RSP is 0.87, 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.
EQAL vs. RSP
Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco S&P 500® Equal Weight ETF (RSP).
EQAL and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. 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. Both EQAL and RSP 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: EQAL or RSP.
Performance
EQAL vs. RSP - Performance Comparison
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Key characteristics
EQAL:
0.49
RSP:
0.58
EQAL:
0.67
RSP:
0.78
EQAL:
1.09
RSP:
1.11
EQAL:
0.36
RSP:
0.46
EQAL:
1.27
RSP:
1.65
EQAL:
5.63%
RSP:
4.92%
EQAL:
18.52%
RSP:
17.54%
EQAL:
-40.44%
RSP:
-59.92%
EQAL:
-7.28%
RSP:
-5.14%
Returns By Period
In the year-to-date period, EQAL achieves a -0.71% return, which is significantly lower than RSP's 1.21% return. Over the past 10 years, EQAL has underperformed RSP with an annualized return of 8.06%, while RSP has yielded a comparatively higher 9.81% annualized return.
EQAL
-0.71%
3.81%
-6.98%
8.99%
4.41%
11.41%
8.06%
RSP
1.21%
4.50%
-4.85%
10.15%
7.34%
13.73%
9.81%
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EQAL vs. RSP - Expense Ratio Comparison
Both EQAL and RSP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
EQAL vs. RSP — Risk-Adjusted Performance Rank
EQAL
RSP
EQAL vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) 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.
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Dividends
EQAL vs. RSP - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.72%, more than RSP's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 1.72% | 1.62% | 1.88% | 1.95% | 1.32% | 1.63% | 1.61% | 1.62% | 1.18% | 1.57% | 1.64% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.59% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
EQAL vs. RSP - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for EQAL and RSP.
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Volatility
EQAL vs. RSP - Volatility Comparison
Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco S&P 500® Equal Weight ETF (RSP) have volatilities of 4.89% and 4.90%, 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.
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