RSPG vs. CNRG
Compare and contrast key facts about Invesco S&P 500 Equal Weight Energy ETF (RSPG) and SPDR S&P Kensho Clean Power ETF (CNRG).
RSPG and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Energy Plus Index. It was launched on Nov 1, 2006. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. Both RSPG and CNRG 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: RSPG or CNRG.
Key characteristics
| RSPG | CNRG | |
|---|---|---|
| YTD Return | 13.35% | -13.37% |
| 1Y Return | 16.17% | 2.72% |
| 3Y Return (Ann) | 20.52% | -16.43% |
| 5Y Return (Ann) | 16.21% | 11.25% |
| Sharpe Ratio | 0.85 | 0.05 |
| Sortino Ratio | 1.24 | 0.31 |
| Omega Ratio | 1.16 | 1.03 |
| Calmar Ratio | 1.16 | 0.02 |
| Martin Ratio | 2.67 | 0.11 |
| Ulcer Index | 5.90% | 13.05% |
| Daily Std Dev | 18.62% | 32.14% |
| Max Drawdown | -79.98% | -59.60% |
| Current Drawdown | -3.44% | -56.15% |
Correlation
The correlation between RSPG and CNRG is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RSPG vs. CNRG - Performance Comparison
In the year-to-date period, RSPG achieves a 13.35% return, which is significantly higher than CNRG's -13.37% 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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RSPG vs. CNRG - Expense Ratio Comparison
RSPG has a 0.40% expense ratio, which is lower than CNRG's 0.45% expense ratio.
Risk-Adjusted Performance
RSPG vs. CNRG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Energy ETF (RSPG) and SPDR S&P Kensho Clean Power ETF (CNRG). 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
RSPG vs. CNRG - Dividend Comparison
RSPG's dividend yield for the trailing twelve months is around 2.52%, more than CNRG's 1.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPG Invesco S&P 500 Equal Weight Energy ETF | 2.52% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.72% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RSPG vs. CNRG - Drawdown Comparison
The maximum RSPG drawdown since its inception was -79.98%, which is greater than CNRG's maximum drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for RSPG and CNRG. For additional features, visit the drawdowns tool.
Volatility
RSPG vs. CNRG - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Energy ETF (RSPG) is 6.82%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 10.10%. This indicates that RSPG experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.