EQWL vs. RSPN
Compare and contrast key facts about Invesco S&P 100 Equal Weight ETF (EQWL) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN).
EQWL and RSPN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006. 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. Both EQWL and RSPN 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: EQWL or RSPN.
Correlation
The correlation between EQWL and RSPN is 0.77, 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
EQWL vs. RSPN - Performance Comparison
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Key characteristics
EQWL:
0.69
RSPN:
0.41
EQWL:
1.12
RSPN:
0.81
EQWL:
1.17
RSPN:
1.11
EQWL:
0.82
RSPN:
0.44
EQWL:
3.39
RSPN:
1.44
EQWL:
3.59%
RSPN:
6.40%
EQWL:
16.64%
RSPN:
20.14%
EQWL:
-49.36%
RSPN:
-61.64%
EQWL:
-5.23%
RSPN:
-8.00%
Returns By Period
In the year-to-date period, EQWL achieves a 0.33% return, which is significantly lower than RSPN's 0.63% return. Over the past 10 years, EQWL has outperformed RSPN with an annualized return of 12.28%, while RSPN has yielded a comparatively lower 10.98% annualized return.
EQWL
0.33%
7.07%
-2.76%
11.00%
16.27%
12.28%
RSPN
0.63%
9.85%
-7.11%
7.86%
19.23%
10.98%
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EQWL vs. RSPN - Expense Ratio Comparison
EQWL has a 0.25% expense ratio, which is lower than RSPN's 0.40% expense ratio.
Risk-Adjusted Performance
EQWL vs. RSPN — Risk-Adjusted Performance Rank
EQWL
RSPN
EQWL vs. RSPN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) 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.
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Dividends
EQWL vs. RSPN - Dividend Comparison
EQWL's dividend yield for the trailing twelve months is around 1.93%, more than RSPN's 0.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | 1.93% | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% |
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.98% | 0.98% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EQWL vs. RSPN - Drawdown Comparison
The maximum EQWL drawdown since its inception was -49.36%, smaller than the maximum RSPN drawdown of -61.64%. Use the drawdown chart below to compare losses from any high point for EQWL and RSPN. For additional features, visit the drawdowns tool.
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Volatility
EQWL vs. RSPN - Volatility Comparison
Invesco S&P 100 Equal Weight ETF (EQWL) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN) have volatilities of 6.32% and 6.64%, 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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