RSPM vs. SPY
Compare and contrast key facts about Invesco S&P 500® Equal Weight Materials ETF (RSPM) and SPDR S&P 500 ETF (SPY).
RSPM and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RSPM and SPY 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 SPY.
Correlation
The correlation between RSPM and SPY 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. SPY - Performance Comparison
Key characteristics
RSPM:
-0.01
SPY:
2.29
RSPM:
0.09
SPY:
3.04
RSPM:
1.01
SPY:
1.43
RSPM:
-0.01
SPY:
3.40
RSPM:
-0.04
SPY:
15.01
RSPM:
3.90%
SPY:
1.90%
RSPM:
15.12%
SPY:
12.46%
RSPM:
-61.18%
SPY:
-55.19%
RSPM:
-11.67%
SPY:
-0.74%
Returns By Period
In the year-to-date period, RSPM achieves a 0.09% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, RSPM has underperformed SPY with an annualized return of 8.85%, while SPY has yielded a comparatively higher 13.16% annualized return.
RSPM
0.09%
-9.31%
-3.52%
-0.15%
9.46%
8.85%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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RSPM vs. SPY - Expense Ratio Comparison
RSPM has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RSPM vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RSPM's dividend yield for the trailing twelve months is around 2.02%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RSPM vs. SPY - Drawdown Comparison
The maximum RSPM drawdown since its inception was -61.18%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSPM and SPY. For additional features, visit the drawdowns tool.
Volatility
RSPM vs. SPY - Volatility Comparison
Invesco S&P 500® Equal Weight Materials ETF (RSPM) has a higher volatility of 4.36% compared to SPDR S&P 500 ETF (SPY) at 3.97%. This indicates that RSPM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.