RGI vs. VAW
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RGI) and Vanguard Materials ETF (VAW).
RGI and VAW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RGI is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Industrials. It was launched on Nov 1, 2006. VAW is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Materials 25/50 Index. It was launched on Jan 26, 2004. Both RGI and VAW 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: RGI or VAW.
Key characteristics
| RGI | VAW | |
|---|---|---|
| YTD Return | 25.53% | 9.46% |
| 1Y Return | 37.21% | 19.08% |
| 3Y Return (Ann) | 11.57% | 3.41% |
| 5Y Return (Ann) | 16.11% | 11.38% |
| 10Y Return (Ann) | 12.47% | 8.63% |
| Sharpe Ratio | 2.69 | 1.38 |
| Sortino Ratio | 3.77 | 1.93 |
| Omega Ratio | 1.47 | 1.24 |
| Calmar Ratio | 0.74 | 2.09 |
| Martin Ratio | 15.96 | 6.53 |
| Ulcer Index | 2.34% | 2.99% |
| Daily Std Dev | 13.89% | 14.17% |
| Max Drawdown | -82.66% | -62.17% |
| Current Drawdown | -32.02% | -4.50% |
Correlation
The correlation between RGI and VAW is 0.79, 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
RGI vs. VAW - Performance Comparison
In the year-to-date period, RGI achieves a 25.53% return, which is significantly higher than VAW's 9.46% return. Over the past 10 years, RGI has outperformed VAW with an annualized return of 12.47%, while VAW has yielded a comparatively lower 8.63% annualized 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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RGI vs. VAW - Expense Ratio Comparison
RGI has a 0.40% expense ratio, which is higher than VAW's 0.10% expense ratio.
Risk-Adjusted Performance
RGI vs. VAW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RGI) and Vanguard Materials ETF (VAW). 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
RGI vs. VAW - Dividend Comparison
RGI's dividend yield for the trailing twelve months is around 0.87%, less than VAW's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGI Invesco S&P 500® Equal Weight Industrials ETF | 0.87% | 1.06% | 1.09% | 0.70% | 0.96% | 1.33% | 0.30% | 0.00% | 0.00% | 0.00% | 1.28% | 0.90% |
VAW Vanguard Materials ETF | 1.57% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.03% | 1.63% | 1.67% | 2.30% | 1.76% | 1.84% |
Drawdowns
RGI vs. VAW - Drawdown Comparison
The maximum RGI drawdown since its inception was -82.66%, which is greater than VAW's maximum drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for RGI and VAW. For additional features, visit the drawdowns tool.
Volatility
RGI vs. VAW - Volatility Comparison
Invesco S&P 500® Equal Weight Industrials ETF (RGI) has a higher volatility of 5.18% compared to Vanguard Materials ETF (VAW) at 3.92%. This indicates that RGI's price experiences larger fluctuations and is considered to be riskier than VAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.