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

Key characteristics


RSPNBALT
YTD Return8.91%3.40%
1Y Return29.44%7.61%
Sharpe Ratio2.242.86
Daily Std Dev13.34%2.70%
Max Drawdown-59.17%-2.16%
Current Drawdown-1.82%-0.03%

Correlation

-0.50.00.51.00.6

The correlation between RSPN and BALT is 0.65, 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

RSPN vs. BALT - Performance Comparison

In the year-to-date period, RSPN achieves a 8.91% return, which is significantly higher than BALT's 3.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


10.00%15.00%20.00%25.00%30.00%December2024FebruaryMarchAprilMay
29.03%
14.85%
RSPN
BALT

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco S&P 500® Equal Weight Industrials ETF

Innovator Defined Wealth Shield ETF

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.


RSPN
Sharpe ratio
The chart of Sharpe ratio for RSPN, currently valued at 2.24, compared to the broader market0.002.004.006.002.24
Sortino ratio
The chart of Sortino ratio for RSPN, currently valued at 3.19, compared to the broader market0.005.0010.003.19
Omega ratio
The chart of Omega ratio for RSPN, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.39
Calmar ratio
The chart of Calmar ratio for RSPN, currently valued at 2.19, compared to the broader market0.005.0010.0015.002.19
Martin ratio
The chart of Martin ratio for RSPN, currently valued at 6.79, compared to the broader market0.0020.0040.0060.0080.00100.006.79
BALT
Sharpe ratio
The chart of Sharpe ratio for BALT, currently valued at 2.86, compared to the broader market0.002.004.006.002.86
Sortino ratio
The chart of Sortino ratio for BALT, currently valued at 4.44, compared to the broader market0.005.0010.004.44
Omega ratio
The chart of Omega ratio for BALT, currently valued at 1.60, compared to the broader market0.501.001.502.002.503.003.501.60
Calmar ratio
The chart of Calmar ratio for BALT, currently valued at 4.19, compared to the broader market0.005.0010.0015.004.19
Martin ratio
The chart of Martin ratio for BALT, currently valued at 14.39, compared to the broader market0.0020.0040.0060.0080.00100.0014.39

RSPN vs. BALT - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 2.24, which roughly equals the BALT Sharpe Ratio of 2.86. The chart below compares the 12-month rolling Sharpe Ratio of RSPN and BALT.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2024FebruaryMarchAprilMay
2.24
2.86
RSPN
BALT

Dividends

RSPN vs. BALT - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.98%, while BALT has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
RSPN
Invesco S&P 500® Equal Weight Industrials ETF
0.98%1.06%1.09%0.70%0.96%1.33%1.49%1.12%1.31%1.51%1.27%0.90%
BALT
Innovator Defined Wealth Shield ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RSPN vs. BALT - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.17%, 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.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay
-1.82%
-0.03%
RSPN
BALT

Volatility

RSPN vs. BALT - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 3.19% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.89%. 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%December2024FebruaryMarchAprilMay
3.19%
0.89%
RSPN
BALT