Correlation
The correlation between RECS and GARP is 0.89, 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.
RECS vs. GARP
Compare and contrast key facts about Columbia Research Enhanced Core ETF (RECS) and iShares MSCI USA Quality GARP ETF (GARP).
RECS and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RECS is a passively managed fund by Ameriprise Financial that tracks the performance of the Beta Advantage Research Enhanced U.S. Equity Index. It was launched on Sep 25, 2019. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both RECS and GARP 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: RECS or GARP.
Performance
RECS vs. GARP - Performance Comparison
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Key characteristics
RECS:
0.72
GARP:
0.64
RECS:
1.03
GARP:
0.95
RECS:
1.15
GARP:
1.13
RECS:
0.67
GARP:
0.64
RECS:
2.58
GARP:
2.12
RECS:
4.84%
GARP:
7.13%
RECS:
19.33%
GARP:
27.04%
RECS:
-34.29%
GARP:
-31.34%
RECS:
-3.38%
GARP:
-3.92%
Returns By Period
In the year-to-date period, RECS achieves a 0.81% return, which is significantly lower than GARP's 1.16% return.
RECS
0.81%
6.34%
-2.08%
13.82%
14.04%
16.74%
N/A
GARP
1.16%
9.05%
1.65%
17.07%
22.37%
19.16%
N/A
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RECS vs. GARP - Expense Ratio Comparison
Both RECS and GARP have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
RECS vs. GARP — Risk-Adjusted Performance Rank
RECS
GARP
RECS vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) and iShares MSCI USA Quality GARP ETF (GARP). 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
RECS vs. GARP - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 1.08%, more than GARP's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 1.08% | 1.09% | 1.00% | 1.41% | 20.65% | 1.09% | 0.49% |
GARP iShares MSCI USA Quality GARP ETF | 0.41% | 0.39% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% |
Drawdowns
RECS vs. GARP - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for RECS and GARP.
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Volatility
RECS vs. GARP - Volatility Comparison
The current volatility for Columbia Research Enhanced Core ETF (RECS) is 4.94%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 6.32%. This indicates that RECS experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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