Correlation
The correlation between RSPE and EUSA is 0.89, 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.
RSPE vs. EUSA
Compare and contrast key facts about Invesco ESG S&P 500 Equal Weight ETF (RSPE) and iShares MSCI USA Equal Weighted ETF (EUSA).
RSPE and EUSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight ESG Leaders Select Index. It was launched on Nov 17, 2021. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. Both RSPE and EUSA 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: RSPE or EUSA.
Performance
RSPE vs. EUSA - Performance Comparison
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Key characteristics
RSPE:
0.44
EUSA:
0.62
RSPE:
0.68
EUSA:
0.93
RSPE:
1.09
EUSA:
1.13
RSPE:
0.37
EUSA:
0.56
RSPE:
1.32
EUSA:
2.01
RSPE:
5.23%
EUSA:
5.06%
RSPE:
17.83%
EUSA:
17.89%
RSPE:
-22.94%
EUSA:
-39.16%
RSPE:
-5.70%
EUSA:
-5.35%
Returns By Period
In the year-to-date period, RSPE achieves a 0.67% return, which is significantly lower than EUSA's 0.97% return.
RSPE
0.67%
4.93%
-5.66%
7.83%
7.34%
N/A
N/A
EUSA
0.97%
4.38%
-5.35%
11.03%
8.88%
12.90%
9.56%
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RSPE vs. EUSA - Expense Ratio Comparison
RSPE has a 0.20% expense ratio, which is higher than EUSA's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
RSPE vs. EUSA — Risk-Adjusted Performance Rank
RSPE
EUSA
RSPE vs. EUSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG S&P 500 Equal Weight ETF (RSPE) and iShares MSCI USA Equal Weighted ETF (EUSA). 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
RSPE vs. EUSA - Dividend Comparison
RSPE's dividend yield for the trailing twelve months is around 1.61%, more than EUSA's 1.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPE Invesco ESG S&P 500 Equal Weight ETF | 1.61% | 1.57% | 1.91% | 1.83% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUSA iShares MSCI USA Equal Weighted ETF | 1.48% | 1.47% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% | 1.91% |
Drawdowns
RSPE vs. EUSA - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.94%, smaller than the maximum EUSA drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for RSPE and EUSA.
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Volatility
RSPE vs. EUSA - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 5.25% compared to iShares MSCI USA Equal Weighted ETF (EUSA) at 4.79%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than EUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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