RSPH vs. QQQ
Compare and contrast key facts about Invesco S&P 500 Equal Weight Health Care ETF (RSPH) and Invesco QQQ (QQQ).
RSPH and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPH is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Health Care -SEC. It was launched on Nov 1, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RSPH and QQQ 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: RSPH or QQQ.
Correlation
The correlation between RSPH and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RSPH vs. QQQ - Performance Comparison
Key characteristics
RSPH:
0.07
QQQ:
1.54
RSPH:
0.18
QQQ:
2.06
RSPH:
1.02
QQQ:
1.28
RSPH:
0.09
QQQ:
2.03
RSPH:
0.23
QQQ:
7.34
RSPH:
3.71%
QQQ:
3.75%
RSPH:
12.24%
QQQ:
17.90%
RSPH:
-40.79%
QQQ:
-82.98%
RSPH:
-10.18%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, RSPH achieves a -1.57% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, RSPH has underperformed QQQ with an annualized return of 7.81%, while QQQ has yielded a comparatively higher 18.30% annualized return.
RSPH
-1.57%
-3.60%
-3.24%
-0.40%
6.30%
7.81%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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RSPH vs. QQQ - Expense Ratio Comparison
RSPH has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RSPH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) and Invesco QQQ (QQQ). 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
RSPH vs. QQQ - Dividend Comparison
RSPH's dividend yield for the trailing twelve months is around 0.52%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPH Invesco S&P 500 Equal Weight Health Care ETF | 0.52% | 0.66% | 0.64% | 0.50% | 0.51% | 0.54% | 0.53% | 0.47% | 0.48% | 0.49% | 0.43% | 0.42% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RSPH vs. QQQ - Drawdown Comparison
The maximum RSPH drawdown since its inception was -40.79%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RSPH and QQQ. For additional features, visit the drawdowns tool.
Volatility
RSPH vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is 3.54%, while Invesco QQQ (QQQ) has a volatility of 5.23%. This indicates that RSPH experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.