EUSA vs. RYT
Compare and contrast key facts about iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500® Equal Weight Technology ETF (RYT).
EUSA and RYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. RYT is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Information Technology. It was launched on Nov 7, 2006. Both EUSA and RYT 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: EUSA or RYT.
Key characteristics
| EUSA | RYT |
|---|
Correlation
The correlation between EUSA and RYT is 0.71, 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
EUSA vs. RYT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EUSA vs. RYT - Expense Ratio Comparison
EUSA has a 0.15% expense ratio, which is lower than RYT's 0.40% expense ratio.
Risk-Adjusted Performance
EUSA vs. RYT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) and Invesco S&P 500® Equal Weight Technology ETF (RYT). 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
EUSA vs. RYT - Dividend Comparison
EUSA's dividend yield for the trailing twelve months is around 1.39%, while RYT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUSA iShares MSCI USA Equal Weighted ETF | 1.39% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% | 1.91% | 1.97% |
RYT Invesco S&P 500® Equal Weight Technology ETF | 0.00% | 0.97% | 0.72% | 0.51% | 1.30% | 0.93% | 0.98% | 0.85% | 1.17% | 1.18% | 1.18% | 0.82% |
Drawdowns
EUSA vs. RYT - Drawdown Comparison
Volatility
EUSA vs. RYT - Volatility Comparison
iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 3.59% compared to Invesco S&P 500® Equal Weight Technology ETF (RYT) at 0.00%. This indicates that EUSA's price experiences larger fluctuations and is considered to be riskier than RYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.