Correlation
The correlation between RFDI and RSP is 0.74, 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.
RFDI vs. RSP
Compare and contrast key facts about First Trust RiverFront Dynamic Developed International ETF (RFDI) and Invesco S&P 500® Equal Weight ETF (RSP).
RFDI and RSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFDI is an actively managed fund by First Trust. It was launched on Apr 13, 2016. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RFDI or RSP.
Performance
RFDI vs. RSP - Performance Comparison
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Key characteristics
RFDI:
0.86
RSP:
0.55
RFDI:
1.27
RSP:
0.84
RFDI:
1.18
RSP:
1.12
RFDI:
1.11
RSP:
0.50
RFDI:
3.54
RSP:
1.79
RFDI:
4.22%
RSP:
4.93%
RFDI:
18.29%
RSP:
17.50%
RFDI:
-39.40%
RSP:
-59.92%
RFDI:
-0.24%
RSP:
-5.18%
Returns By Period
In the year-to-date period, RFDI achieves a 17.29% return, which is significantly higher than RSP's 1.17% return.
RFDI
17.29%
4.04%
14.75%
14.60%
10.18%
10.58%
N/A
RSP
1.17%
4.45%
-5.18%
8.17%
7.66%
13.72%
9.80%
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RFDI vs. RSP - Expense Ratio Comparison
RFDI has a 0.83% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
RFDI vs. RSP — Risk-Adjusted Performance Rank
RFDI
RSP
RFDI vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Developed International ETF (RFDI) and Invesco S&P 500® Equal Weight ETF (RSP). 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
RFDI vs. RSP - Dividend Comparison
RFDI's dividend yield for the trailing twelve months is around 4.52%, more than RSP's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFDI First Trust RiverFront Dynamic Developed International ETF | 4.52% | 5.21% | 2.43% | 5.00% | 3.22% | 1.34% | 2.72% | 2.59% | 1.63% | 1.85% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.59% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
RFDI vs. RSP - Drawdown Comparison
The maximum RFDI drawdown since its inception was -39.40%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for RFDI and RSP.
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Volatility
RFDI vs. RSP - Volatility Comparison
The current volatility for First Trust RiverFront Dynamic Developed International ETF (RFDI) is 2.47%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 4.91%. This indicates that RFDI experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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