Correlation
The correlation between RSPM and PHO 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.
RSPM vs. PHO
Compare and contrast key facts about Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco Water Resources ETF (PHO).
RSPM and PHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PHO is a passively managed fund by Invesco that tracks the performance of the NASDAQ OMX US Water Index. It was launched on Dec 6, 2005. Both RSPM and PHO 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: RSPM or PHO.
Performance
RSPM vs. PHO - Performance Comparison
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Key characteristics
RSPM:
-0.45
PHO:
0.25
RSPM:
-0.58
PHO:
0.42
RSPM:
0.93
PHO:
1.05
RSPM:
-0.38
PHO:
0.19
RSPM:
-1.03
PHO:
0.58
RSPM:
9.99%
PHO:
6.15%
RSPM:
21.45%
PHO:
18.92%
RSPM:
-61.18%
PHO:
-55.63%
RSPM:
-14.54%
PHO:
-5.39%
Returns By Period
In the year-to-date period, RSPM achieves a -1.87% return, which is significantly lower than PHO's 3.59% return. Over the past 10 years, RSPM has underperformed PHO with an annualized return of 7.87%, while PHO has yielded a comparatively higher 10.70% annualized return.
RSPM
-1.87%
3.65%
-12.65%
-10.67%
-2.32%
11.79%
7.87%
PHO
3.59%
4.13%
-4.89%
3.30%
12.17%
13.65%
10.70%
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RSPM vs. PHO - Expense Ratio Comparison
RSPM has a 0.40% expense ratio, which is lower than PHO's 0.60% expense ratio.
Risk-Adjusted Performance
RSPM vs. PHO — Risk-Adjusted Performance Rank
RSPM
PHO
RSPM vs. PHO - 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 Invesco Water Resources ETF (PHO). 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
RSPM vs. PHO - Dividend Comparison
RSPM's dividend yield for the trailing twelve months is around 2.15%, more than PHO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPM Invesco S&P 500® Equal Weight Materials ETF | 2.15% | 2.04% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.28% | 1.57% | 1.45% |
PHO Invesco Water Resources ETF | 0.49% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% |
Drawdowns
RSPM vs. PHO - Drawdown Comparison
The maximum RSPM drawdown since its inception was -61.18%, which is greater than PHO's maximum drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for RSPM and PHO.
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Volatility
RSPM vs. PHO - Volatility Comparison
Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco Water Resources ETF (PHO) have volatilities of 5.31% and 5.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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