RSPM vs. ^GSPC
Compare and contrast key facts about Invesco S&P 500® Equal Weight Materials ETF (RSPM) and S&P 500 (^GSPC).
RSPM is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Materials Index. It was launched on Nov 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPM or ^GSPC.
Correlation
The correlation between RSPM and ^GSPC is 0.73, 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
RSPM vs. ^GSPC - Performance Comparison
Key characteristics
RSPM:
0.21
^GSPC:
1.74
RSPM:
0.41
^GSPC:
2.36
RSPM:
1.05
^GSPC:
1.32
RSPM:
0.23
^GSPC:
2.62
RSPM:
0.60
^GSPC:
10.69
RSPM:
5.36%
^GSPC:
2.08%
RSPM:
15.10%
^GSPC:
12.76%
RSPM:
-61.18%
^GSPC:
-56.78%
RSPM:
-10.39%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, RSPM achieves a 2.89% return, which is significantly lower than ^GSPC's 4.01% return. Over the past 10 years, RSPM has underperformed ^GSPC with an annualized return of 8.26%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
RSPM
2.89%
-3.21%
-4.50%
3.45%
10.45%
8.26%
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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Risk-Adjusted Performance
RSPM vs. ^GSPC — Risk-Adjusted Performance Rank
RSPM
^GSPC
RSPM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Materials ETF (RSPM) and S&P 500 (^GSPC). 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
RSPM vs. ^GSPC - Drawdown Comparison
The maximum RSPM drawdown since its inception was -61.18%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RSPM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
RSPM vs. ^GSPC - Volatility Comparison
Invesco S&P 500® Equal Weight Materials ETF (RSPM) has a higher volatility of 4.01% compared to S&P 500 (^GSPC) at 3.01%. This indicates that RSPM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.