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RSPN vs. BALT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RSPN and BALT is 0.64, 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.


-0.50.00.51.00.6

Performance

RSPN vs. BALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Innovator Defined Wealth Shield ETF (BALT). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
37.50%
21.85%
RSPN
BALT

Key characteristics

Sharpe Ratio

RSPN:

1.52

BALT:

3.30

Sortino Ratio

RSPN:

2.20

BALT:

4.83

Omega Ratio

RSPN:

1.27

BALT:

1.76

Calmar Ratio

RSPN:

2.57

BALT:

5.48

Martin Ratio

RSPN:

8.27

BALT:

28.96

Ulcer Index

RSPN:

2.62%

BALT:

0.35%

Daily Std Dev

RSPN:

14.23%

BALT:

3.06%

Max Drawdown

RSPN:

-61.64%

BALT:

-2.16%

Current Drawdown

RSPN:

-7.52%

BALT:

-0.48%

Returns By Period

In the year-to-date period, RSPN achieves a 18.99% return, which is significantly higher than BALT's 9.70% return.


RSPN

YTD

18.99%

1M

-4.14%

6M

11.62%

1Y

20.30%

5Y*

13.65%

10Y*

10.94%

BALT

YTD

9.70%

1M

0.46%

6M

4.54%

1Y

10.01%

5Y*

N/A

10Y*

N/A

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RSPN vs. BALT - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is lower than BALT's 0.69% expense ratio.


BALT
Innovator Defined Wealth Shield ETF
Expense ratio chart for BALT: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for RSPN: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

RSPN vs. BALT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Innovator Defined Wealth Shield ETF (BALT). 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.


Sharpe ratio
The chart of Sharpe ratio for RSPN, currently valued at 1.52, compared to the broader market0.002.004.001.523.30
The chart of Sortino ratio for RSPN, currently valued at 2.20, compared to the broader market-2.000.002.004.006.008.0010.002.204.83
The chart of Omega ratio for RSPN, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.76
The chart of Calmar ratio for RSPN, currently valued at 2.57, compared to the broader market0.005.0010.0015.002.575.48
The chart of Martin ratio for RSPN, currently valued at 8.27, compared to the broader market0.0020.0040.0060.0080.00100.008.2728.96
RSPN
BALT

The current RSPN Sharpe Ratio is 1.52, which is lower than the BALT Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of RSPN and BALT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.52
3.30
RSPN
BALT

Dividends

RSPN vs. BALT - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.65%, while BALT has not paid dividends to shareholders.


TTM2023
RSPN
Invesco S&P 500® Equal Weight Industrials ETF
0.65%0.55%
BALT
Innovator Defined Wealth Shield ETF
0.00%0.00%

Drawdowns

RSPN vs. BALT - Drawdown Comparison

The maximum RSPN drawdown since its inception was -61.64%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for RSPN and BALT. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.52%
-0.48%
RSPN
BALT

Volatility

RSPN vs. BALT - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 4.60% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.87%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.60%
0.87%
RSPN
BALT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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