RECS vs. SPGP
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RECS or SPGP.
Key characteristics
| RECS | SPGP | |
|---|---|---|
| YTD Return | 13.46% | 7.07% |
| 1Y Return | 28.57% | 23.24% |
| 3Y Return (Ann) | 11.62% | 8.26% |
| Sharpe Ratio | 2.61 | 1.84 |
| Daily Std Dev | 11.40% | 13.37% |
| Max Drawdown | -34.29% | -42.08% |
| Current Drawdown | -0.19% | -2.01% |
Correlation
The correlation between RECS and SPGP is 0.86, 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.
Performance
RECS vs. SPGP - Performance Comparison
In the year-to-date period, RECS achieves a 13.46% return, which is significantly higher than SPGP's 7.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RECS vs. SPGP - Expense Ratio Comparison
RECS has a 0.15% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
RECS vs. SPGP - Risk-Adjusted Performance 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.
Dividends
RECS vs. SPGP - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 0.88%, less than SPGP's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 0.88% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.28% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
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. For additional features, visit the drawdowns tool.
Volatility
RECS vs. SPGP - Volatility Comparison
The current volatility for Columbia Research Enhanced Core ETF (RECS) is 3.59%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 3.82%. 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.