ERTH vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco MSCI Sustainable Future ETF (ERTH) and S&P 500 Index (^GSPC).

ERTH is a passively managed fund by Invesco that tracks the performance of the MSCI Global Environment Select Index. It was launched on Oct 24, 2006.

Performance

ERTH vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Sustainable Future ETF (ERTH) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ERTH vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERTH Invesco MSCI Sustainable Future ETF	1.07%	18.47%	-13.56%	0.12%	-27.59%	2.64%	51.02%	36.78%	-12.49%	30.53%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ERTH achieves a 1.07% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, ERTH has underperformed ^GSPC with an annualized return of 7.24%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

ERTH

• 1D: 0.43%
• 1M: -1.05%
• YTD: 1.07%
• 6M: -0.78%
• 1Y: 23.98%
• 3Y*: 0.23%
• 5Y*: -5.35%
• 10Y*: 7.24%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ERTH vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERTH

ERTH Risk / Return Rank: 66
ERTH Sharpe Ratio Rank: 64
ERTH Sortino Ratio Rank: 68
ERTH Omega Ratio Rank: 60
ERTH Calmar Ratio Rank: 70
ERTH Martin Ratio Rank: 70

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ERTH vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Sustainable Future ETF (ERTH) and S&P 500 Index (^GSPC). 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.

	ERTH	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.92	+0.26
Sortino ratio Return per unit of downside risk	1.79	1.41	+0.38
Omega ratio Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	1.92	1.41	+0.50
Martin ratio Return relative to average drawdown	7.71	6.61	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERTH vs. ^GSPC - Sharpe Ratio Comparison

The current ERTH Sharpe Ratio is 1.18, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ERTH and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ERTH	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.92	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.61	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.68	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.46	-0.27

Correlation

The correlation between ERTH and ^GSPC 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.

Drawdowns

ERTH vs. ^GSPC - Drawdown Comparison

The maximum ERTH drawdown since its inception was -64.45%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ERTH and ^GSPC.

Drawdown Indicators

	ERTH	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	-56.78%	-7.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-12.14%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-51.72%	-25.43%	-26.29%
Max Drawdown (10Y) Largest decline over 10 years	-51.72%	-33.92%	-17.80%
Current Drawdown Current decline from peak	-31.91%	-5.78%	-26.13%
Average Drawdown Average peak-to-trough decline	-21.41%	-10.75%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.60%	+0.58%

Volatility

ERTH vs. ^GSPC - Volatility Comparison

Invesco MSCI Sustainable Future ETF (ERTH) has a higher volatility of 6.75% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that ERTH's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERTH	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	5.37%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	12.58%	9.55%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	18.33%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	16.90%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	18.05%	+4.58%