Correlation
The correlation between RSPE and RSP 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. RSP
Compare and contrast key facts about Invesco ESG S&P 500 Equal Weight ETF (RSPE) and Invesco S&P 500® Equal Weight ETF (RSP).
RSPE and RSP 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. 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. Both RSPE and RSP 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 RSP.
Performance
RSPE vs. RSP - Performance Comparison
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Key characteristics
RSPE:
0.44
RSP:
0.55
RSPE:
0.68
RSP:
0.84
RSPE:
1.09
RSP:
1.12
RSPE:
0.37
RSP:
0.50
RSPE:
1.32
RSP:
1.79
RSPE:
5.23%
RSP:
4.93%
RSPE:
17.83%
RSP:
17.50%
RSPE:
-22.94%
RSP:
-59.92%
RSPE:
-5.70%
RSP:
-5.18%
Returns By Period
In the year-to-date period, RSPE achieves a 0.67% return, which is significantly lower than RSP's 1.17% return.
RSPE
0.67%
4.93%
-5.66%
7.83%
7.34%
N/A
N/A
RSP
1.17%
4.45%
-5.18%
8.17%
7.66%
13.72%
9.80%
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RSPE vs. RSP - Expense Ratio Comparison
Both RSPE and RSP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
RSPE vs. RSP — Risk-Adjusted Performance Rank
RSPE
RSP
RSPE vs. RSP - 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 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
RSPE vs. RSP - Dividend Comparison
RSPE's dividend yield for the trailing twelve months is around 1.61%, more than RSP's 1.59% 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% |
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
RSPE vs. RSP - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.94%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for RSPE and RSP.
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Volatility
RSPE vs. RSP - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 5.25% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 4.91%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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