RNMC vs. CZA
Compare and contrast key facts about First Trust Mid Cap US Equity Select ETF (RNMC) and Invesco Zacks Mid-Cap ETF (CZA).
RNMC and CZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNMC is a passively managed fund by First Trust that tracks the performance of the Nasdaq Riskalyze Mid Cap US Equity Select Index. It was launched on Jun 20, 2017. CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. Both RNMC and CZA 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: RNMC or CZA.
Performance
RNMC vs. CZA - Performance Comparison
Returns By Period
In the year-to-date period, RNMC achieves a 20.02% return, which is significantly higher than CZA's 16.70% return.
RNMC
20.02%
4.30%
13.47%
34.75%
11.72%
N/A
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
Key characteristics
| RNMC | CZA | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.29 |
| Sortino Ratio | 3.72 | 3.20 |
| Omega Ratio | 1.45 | 1.40 |
| Calmar Ratio | 5.76 | 3.15 |
| Martin Ratio | 16.24 | 12.31 |
| Ulcer Index | 2.46% | 2.25% |
| Daily Std Dev | 15.14% | 12.09% |
| Max Drawdown | -43.57% | -53.20% |
| Current Drawdown | -1.31% | -2.68% |
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RNMC vs. CZA - Expense Ratio Comparison
RNMC has a 0.60% expense ratio, which is lower than CZA's 0.69% expense ratio.
Correlation
The correlation between RNMC and CZA is 0.85, 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.
Risk-Adjusted Performance
RNMC vs. CZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap US Equity Select ETF (RNMC) and Invesco Zacks Mid-Cap ETF (CZA). 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
RNMC vs. CZA - Dividend Comparison
RNMC's dividend yield for the trailing twelve months is around 0.77%, less than CZA's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNMC First Trust Mid Cap US Equity Select ETF | 0.77% | 0.00% | 1.71% | 1.21% | 1.33% | 1.68% | 0.00% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
Drawdowns
RNMC vs. CZA - Drawdown Comparison
The maximum RNMC drawdown since its inception was -43.57%, smaller than the maximum CZA drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for RNMC and CZA. For additional features, visit the drawdowns tool.
Volatility
RNMC vs. CZA - Volatility Comparison
First Trust Mid Cap US Equity Select ETF (RNMC) has a higher volatility of 5.54% compared to Invesco Zacks Mid-Cap ETF (CZA) at 4.12%. This indicates that RNMC's price experiences larger fluctuations and is considered to be riskier than CZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.