RSPE vs. ^SPXEW
Compare and contrast key facts about Invesco ESG S&P 500 Equal Weight ETF (RSPE) and S&P 500 Equal Weighted Index (^SPXEW).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPE or ^SPXEW.
Correlation
The correlation between RSPE and ^SPXEW is 0.98, 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
RSPE vs. ^SPXEW - Performance Comparison
Key characteristics
RSPE:
1.31
^SPXEW:
1.22
RSPE:
1.85
^SPXEW:
1.74
RSPE:
1.23
^SPXEW:
1.22
RSPE:
2.03
^SPXEW:
1.85
RSPE:
5.40
^SPXEW:
4.83
RSPE:
2.83%
^SPXEW:
2.87%
RSPE:
11.68%
^SPXEW:
11.38%
RSPE:
-22.94%
^SPXEW:
-60.83%
RSPE:
-2.10%
^SPXEW:
-3.43%
Returns By Period
In the year-to-date period, RSPE achieves a 4.50% return, which is significantly higher than ^SPXEW's 3.22% return.
RSPE
4.50%
2.02%
6.35%
14.65%
N/A
N/A
^SPXEW
3.22%
0.47%
5.61%
13.06%
8.89%
8.18%
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Risk-Adjusted Performance
RSPE vs. ^SPXEW — Risk-Adjusted Performance Rank
RSPE
^SPXEW
RSPE vs. ^SPXEW - 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 S&P 500 Equal Weighted Index (^SPXEW). 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.
Drawdowns
RSPE vs. ^SPXEW - Drawdown Comparison
The maximum RSPE drawdown since its inception was -22.94%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for RSPE and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
RSPE vs. ^SPXEW - Volatility Comparison
Invesco ESG S&P 500 Equal Weight ETF (RSPE) has a higher volatility of 2.78% compared to S&P 500 Equal Weighted Index (^SPXEW) at 2.50%. This indicates that RSPE's price experiences larger fluctuations and is considered to be riskier than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.