Correlation
The correlation between LPEFX and PSP is 0.73, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LPEFX or PSP.
Performance
LPEFX vs. PSP - Performance Comparison
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Key characteristics
LPEFX:
0.19
PSP:
0.43
LPEFX:
0.35
PSP:
0.69
LPEFX:
1.05
PSP:
1.09
LPEFX:
0.15
PSP:
0.41
LPEFX:
0.50
PSP:
1.57
LPEFX:
6.45%
PSP:
5.96%
LPEFX:
19.82%
PSP:
24.43%
LPEFX:
-76.76%
PSP:
-85.40%
LPEFX:
-8.22%
PSP:
-6.79%
Returns By Period
In the year-to-date period, LPEFX achieves a -0.15% return, which is significantly lower than PSP's -0.11% return. Over the past 10 years, LPEFX has underperformed PSP with an annualized return of 5.91%, while PSP has yielded a comparatively higher 7.32% annualized return.
LPEFX
-0.15%
2.20%
-8.22%
3.24%
9.04%
8.34%
5.91%
PSP
-0.11%
5.01%
-5.25%
10.05%
10.73%
12.41%
7.32%
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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.
Risk-Adjusted Performance
LPEFX vs. PSP — Risk-Adjusted Performance Rank
LPEFX
PSP
LPEFX vs. PSP - Risk-Adjusted Performance 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.
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Dividends
LPEFX vs. PSP - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 15.98%, more than PSP's 8.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | 15.98% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 14.86% | 4.58% | 13.30% | 1.55% | 8.23% | 3.63% |
PSP Invesco Global Listed Private Equity ETF | 8.18% | 8.62% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% | 4.94% |
Drawdowns
LPEFX vs. PSP - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -76.76%, 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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Volatility
LPEFX vs. PSP - Volatility Comparison
The current volatility for ALPS/Red Rocks Global Opportunity Fund (LPEFX) is 3.93%, while Invesco Global Listed Private Equity ETF (PSP) has a volatility of 5.20%. 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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