RSPN vs. BALT
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Innovator Defined Wealth Shield ETF (BALT).
RSPN and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPN is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight Industrials Index. It was launched on Jan 11, 2006. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPN or BALT.
Key characteristics
| RSPN | BALT | |
|---|---|---|
| YTD Return | 7.81% | 5.29% |
| 1Y Return | 12.34% | 7.24% |
| 3Y Return (Ann) | 7.28% | 5.34% |
| Sharpe Ratio | 0.90 | 2.62 |
| Daily Std Dev | 13.55% | 2.79% |
| Max Drawdown | -61.64% | -2.16% |
| Current Drawdown | -4.02% | -0.79% |
Correlation
The correlation between RSPN and BALT is 0.63, 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 7.81% return, which is significantly higher than BALT's 5.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
RSPN vs. BALT - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.97%, while BALT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.97% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -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.
Volatility
RSPN vs. BALT - Volatility Comparison
Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.27% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.76%. 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.