LPEFX vs. PSP
Compare and contrast key facts about ALPS/Red Rocks Global Opportunity Fund (LPEFX) and Invesco Global Listed Private Equity ETF (PSP).
LPEFX is managed by ALPS. It was launched on Dec 30, 2007. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006.
Performance
LPEFX vs. PSP - Performance Comparison
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LPEFX vs. PSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | -17.57% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 9.35% | 49.57% | -12.60% | 27.02% |
PSP Invesco Global Listed Private Equity ETF | -15.50% | 6.49% | 17.42% | 37.72% | -37.37% | 27.30% | 12.47% | 35.73% | -15.12% | 24.13% |
Returns By Period
In the year-to-date period, LPEFX achieves a -17.57% return, which is significantly lower than PSP's -15.50% return. Over the past 10 years, LPEFX has outperformed PSP with an annualized return of 8.14%, while PSP has yielded a comparatively lower 7.53% annualized return.
LPEFX
- 1D
- 0.64%
- 1M
- -8.58%
- YTD
- -17.57%
- 6M
- -18.30%
- 1Y
- -13.21%
- 3Y*
- 6.58%
- 5Y*
- 1.43%
- 10Y*
- 8.14%
PSP
- 1D
- 2.50%
- 1M
- -6.13%
- YTD
- -15.50%
- 6M
- -16.07%
- 1Y
- -6.54%
- 3Y*
- 10.76%
- 5Y*
- 0.92%
- 10Y*
- 7.53%
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LPEFX vs. PSP - Expense Ratio Comparison
LPEFX has a 1.46% expense ratio, which is higher than PSP's 1.44% expense ratio.
Return for Risk
LPEFX vs. PSP — Risk / Return Rank
LPEFX
PSP
LPEFX vs. PSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and Invesco Global Listed Private Equity ETF (PSP). 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.
| LPEFX | PSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | -0.27 | -0.39 |
Sortino ratioReturn per unit of downside risk | -0.80 | -0.22 | -0.59 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.97 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.34 | -0.34 |
Martin ratioReturn relative to average drawdown | -2.03 | -0.96 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LPEFX | PSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.27 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.04 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.34 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.08 | +0.08 |
Correlation
The correlation between LPEFX and PSP is 0.85, 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.
Dividends
LPEFX vs. PSP - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 18.65%, more than PSP's 6.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | 18.65% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
PSP Invesco Global Listed Private Equity ETF | 6.84% | 5.87% | 8.62% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% |
Drawdowns
LPEFX vs. PSP - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -77.00%, smaller than the maximum PSP drawdown of -85.40%. Use the drawdown chart below to compare losses from any high point for LPEFX and PSP.
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Drawdown Indicators
| LPEFX | PSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -85.40% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -22.37% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -47.16% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | -47.16% | -2.03% |
Current DrawdownCurrent decline from peak | -27.97% | -19.63% | -8.34% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -30.84% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 7.91% | -0.53% |
Volatility
LPEFX vs. PSP - Volatility Comparison
The current volatility for ALPS/Red Rocks Global Opportunity Fund (LPEFX) is 6.04%, while Invesco Global Listed Private Equity ETF (PSP) has a volatility of 7.24%. This indicates that LPEFX experiences smaller price fluctuations and is considered to be less risky than PSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPEFX | PSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 7.24% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 14.52% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.66% | 24.36% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 23.57% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.76% | 22.30% | +0.46% |