Correlation
The correlation between RECS and ^GSPC is 0.93, 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. ^GSPC
Compare and contrast key facts about Columbia Research Enhanced Core ETF (RECS) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RECS or ^GSPC.
Performance
RECS vs. ^GSPC - Performance Comparison
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Key characteristics
RECS:
0.72
^GSPC:
0.66
RECS:
1.03
^GSPC:
0.94
RECS:
1.15
^GSPC:
1.14
RECS:
0.67
^GSPC:
0.60
RECS:
2.58
^GSPC:
2.28
RECS:
4.84%
^GSPC:
5.01%
RECS:
19.33%
^GSPC:
19.77%
RECS:
-34.29%
^GSPC:
-56.78%
RECS:
-3.38%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, RECS achieves a 0.81% return, which is significantly higher than ^GSPC's 0.51% return.
RECS
0.81%
6.34%
-2.08%
13.82%
14.04%
16.74%
N/A
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
RECS vs. ^GSPC — Risk-Adjusted Performance Rank
RECS
^GSPC
RECS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) and S&P 500 (^GSPC). 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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Drawdowns
RECS vs. ^GSPC - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RECS and ^GSPC.
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Volatility
RECS vs. ^GSPC - Volatility Comparison
Columbia Research Enhanced Core ETF (RECS) and S&P 500 (^GSPC) have volatilities of 4.94% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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