FXG vs. RSP
Compare and contrast key facts about First Trust Consumer Staples AlphaDEX Fund (FXG) and Invesco S&P 500® Equal Weight ETF (RSP).
FXG and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXG is a passively managed fund by First Trust that tracks the performance of the StrataQuant Consumer Staples Index. It was launched on May 8, 2007. 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 FXG 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: FXG or RSP.
Key characteristics
| FXG | RSP | |
|---|---|---|
| YTD Return | 7.78% | 6.10% |
| 1Y Return | 8.21% | 19.13% |
| 3Y Return (Ann) | 5.80% | 5.25% |
| 5Y Return (Ann) | 9.30% | 11.61% |
| 10Y Return (Ann) | 7.70% | 10.45% |
| Sharpe Ratio | 0.73 | 1.64 |
| Daily Std Dev | 11.08% | 12.08% |
| Max Drawdown | -38.69% | -59.92% |
| Current Drawdown | -0.86% | -1.56% |
Correlation
The correlation between FXG and RSP is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FXG vs. RSP - Performance Comparison
In the year-to-date period, FXG achieves a 7.78% return, which is significantly higher than RSP's 6.10% return. Over the past 10 years, FXG has underperformed RSP with an annualized return of 7.70%, while RSP has yielded a comparatively higher 10.45% annualized return. 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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FXG vs. RSP - Expense Ratio Comparison
FXG has a 0.63% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
FXG vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Staples AlphaDEX Fund (FXG) 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.
Dividends
FXG vs. RSP - Dividend Comparison
FXG's dividend yield for the trailing twelve months is around 1.17%, less than RSP's 1.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXG First Trust Consumer Staples AlphaDEX Fund | 1.17% | 1.41% | 1.83% | 1.38% | 1.41% | 1.63% | 2.31% | 1.34% | 1.72% | 1.67% | 1.24% | 0.95% |
RSP Invesco S&P 500® Equal Weight ETF | 1.54% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.45% | 1.27% |
Drawdowns
FXG vs. RSP - Drawdown Comparison
The maximum FXG drawdown since its inception was -38.69%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for FXG and RSP. For additional features, visit the drawdowns tool.
Volatility
FXG vs. RSP - Volatility Comparison
First Trust Consumer Staples AlphaDEX Fund (FXG) has a higher volatility of 3.01% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 2.59%. This indicates that FXG's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.