PKB vs. RSPN
Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN).
PKB and RSPN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PKB is a passively managed fund by Invesco that tracks the performance of the Dynamic Building & Construction Intellidex Index. It was launched on Oct 26, 2005. RSPN is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight Industrials Index. It was launched on Jan 11, 2006. Both PKB and RSPN 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: PKB or RSPN.
Performance
PKB vs. RSPN - Performance Comparison
Returns By Period
In the year-to-date period, PKB achieves a 32.91% return, which is significantly higher than RSPN's 24.46% return. Over the past 10 years, PKB has outperformed RSPN with an annualized return of 14.69%, while RSPN has yielded a comparatively lower 11.64% annualized return.
PKB
32.91%
0.82%
15.64%
51.81%
20.28%
14.69%
RSPN
24.46%
1.58%
13.36%
36.27%
14.94%
11.64%
Key characteristics
| PKB | RSPN | |
|---|---|---|
| Sharpe Ratio | 2.23 | 2.59 |
| Sortino Ratio | 2.93 | 3.64 |
| Omega Ratio | 1.37 | 1.45 |
| Calmar Ratio | 4.54 | 6.24 |
| Martin Ratio | 11.18 | 15.32 |
| Ulcer Index | 4.70% | 2.35% |
| Daily Std Dev | 23.58% | 13.93% |
| Max Drawdown | -65.21% | -61.64% |
| Current Drawdown | -3.06% | -3.13% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PKB vs. RSPN - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than RSPN's 0.40% expense ratio.
Correlation
The correlation between PKB and RSPN 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.
Risk-Adjusted Performance
PKB vs. RSPN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN). 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
PKB vs. RSPN - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.22%, less than RSPN's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 0.22% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% |
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.88% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PKB vs. RSPN - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, which is greater than RSPN's maximum drawdown of -61.64%. Use the drawdown chart below to compare losses from any high point for PKB and RSPN. For additional features, visit the drawdowns tool.
Volatility
PKB vs. RSPN - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.46% compared to Invesco S&P 500® Equal Weight Industrials ETF (RSPN) at 5.26%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than RSPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.