RSPM vs. QQQ
Compare and contrast key facts about Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco QQQ (QQQ).
RSPM and QQQ 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. 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 RSPM 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: RSPM or QQQ.
Correlation
The correlation between RSPM and QQQ is 0.59, 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
RSPM vs. QQQ - Performance Comparison
Key characteristics
RSPM:
-0.01
QQQ:
1.71
RSPM:
0.09
QQQ:
2.27
RSPM:
1.01
QQQ:
1.31
RSPM:
-0.01
QQQ:
2.26
RSPM:
-0.04
QQQ:
8.12
RSPM:
3.90%
QQQ:
3.77%
RSPM:
15.12%
QQQ:
17.88%
RSPM:
-61.18%
QQQ:
-82.98%
RSPM:
-11.67%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, RSPM achieves a 0.09% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, RSPM has underperformed QQQ with an annualized return of 8.85%, while QQQ has yielded a comparatively higher 18.54% annualized return.
RSPM
0.09%
-9.31%
-3.52%
-0.15%
9.46%
8.85%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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RSPM vs. QQQ - Expense Ratio Comparison
RSPM has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RSPM vs. QQQ - 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 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
RSPM vs. QQQ - Dividend Comparison
RSPM's dividend yield for the trailing twelve months is around 2.02%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPM Invesco S&P 500® Equal Weight Materials ETF | 2.02% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.29% | 1.57% | 1.45% | 1.36% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RSPM vs. QQQ - Drawdown Comparison
The maximum RSPM drawdown since its inception was -61.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RSPM and QQQ. For additional features, visit the drawdowns tool.
Volatility
RSPM vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Materials ETF (RSPM) is 4.36%, while Invesco QQQ (QQQ) has a volatility of 5.48%. This indicates that RSPM 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.