RECS vs. SPGP

Last updated Apr 1, 2026

Compare and contrast key facts about Columbia Research Enhanced Core ETF (RECS) and Invesco S&P 500 GARP ETF (SPGP).

RECS and SPGP 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. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. Both RECS and SPGP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RECS vs. SPGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Core ETF (RECS) and Invesco S&P 500 GARP ETF (SPGP). The values are adjusted to include any dividend payments, if applicable.

RECS vs. SPGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RECS Columbia Research Enhanced Core ETF	-4.55%	19.30%	26.27%	23.19%	-14.39%	32.73%	15.35%	-0.93%	0.00%	0.00%
SPGP Invesco S&P 500 GARP ETF	-5.19%	9.80%	8.48%	20.29%	-13.83%	35.72%	15.92%	39.16%	1.68%	36.24%

Returns By Period

In the year-to-date period, RECS achieves a -4.55% return, which is significantly higher than SPGP's -5.19% return. Over the past 10 years, RECS has underperformed SPGP with an annualized return of 8.68%, while SPGP has yielded a comparatively higher 13.70% annualized return.

RECS

• 1D: 2.71%
• 1M: -4.67%
• YTD: -4.55%
• 6M: -2.31%
• 1Y: 18.70%
• 3Y*: 18.78%
• 5Y*: 12.91%
• 10Y*: 8.68%

SPGP

• 1D: 3.24%
• 1M: -6.43%
• YTD: -5.19%
• 6M: -4.81%
• 1Y: 8.81%
• 3Y*: 9.45%
• 5Y*: 6.73%
• 10Y*: 13.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RECS vs. SPGP - Expense Ratio Comparison

RECS has a 0.15% expense ratio, which is lower than SPGP's 0.36% expense ratio.

SPGP

Invesco S&P 500 GARP ETF

RECS

Columbia Research Enhanced Core ETF

Return for Risk

RECS vs. SPGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RECS

RECS Risk / Return Rank: 65
RECS Sharpe Ratio Rank: 60
RECS Sortino Ratio Rank: 63
RECS Omega Ratio Rank: 66
RECS Calmar Ratio Rank: 63
RECS Martin Ratio Rank: 72

SPGP

SPGP Risk / Return Rank: 28
SPGP Sharpe Ratio Rank: 26
SPGP Sortino Ratio Rank: 27
SPGP Omega Ratio Rank: 27
SPGP Calmar Ratio Rank: 29
SPGP Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RECS vs. SPGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) and Invesco S&P 500 GARP ETF (SPGP). 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.

	RECS	SPGP	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.41	+0.63
Sortino ratio Return per unit of downside risk	1.56	0.74	+0.83
Omega ratio Gain probability vs. loss probability	1.24	1.10	+0.13
Calmar ratio Return relative to maximum drawdown	1.56	0.65	+0.91
Martin ratio Return relative to average drawdown	7.20	2.64	+4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RECS vs. SPGP - Sharpe Ratio Comparison

The current RECS Sharpe Ratio is 1.03, which is higher than the SPGP Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of RECS and SPGP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RECS	SPGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.41	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.37	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.65	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.70	-0.36

Correlation

The correlation between RECS and SPGP is 0.56, 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.

Dividends

RECS vs. SPGP - Dividend Comparison

RECS's dividend yield for the trailing twelve months is around 1.16%, more than SPGP's 0.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RECS Columbia Research Enhanced Core ETF	1.16%	1.11%	1.09%	1.00%	1.41%	20.64%	1.09%	0.49%	0.00%	0.00%	0.00%	0.00%
SPGP Invesco S&P 500 GARP ETF	0.98%	1.04%	1.38%	1.24%	1.22%	0.69%	1.10%	0.86%	0.95%	0.68%	0.89%	1.12%

Drawdowns

RECS vs. SPGP - Drawdown Comparison

The maximum RECS drawdown since its inception was -34.29%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for RECS and SPGP.

Drawdown Indicators

	RECS	SPGP	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-42.08%	+7.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.45%	-15.00%	+2.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.08%	-22.87%	+0.79%
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	-42.08%	+7.79%
Current Drawdown Current decline from peak	-6.34%	-8.27%	+1.93%
Average Drawdown Average peak-to-trough decline	-1.29%	-4.39%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.68%	-0.98%

Volatility

RECS vs. SPGP - Volatility Comparison

The current volatility for Columbia Research Enhanced Core ETF (RECS) is 5.03%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.32%. This indicates that RECS experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RECS	SPGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	6.32%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	11.82%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	21.82%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	18.49%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	21.17%	-5.03%