RSPN vs. BNGE
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and First Trust S-Network Streaming and Gaming ETF (BNGE).
RSPN and BNGE 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. BNGE is a passively managed fund by First Trust that tracks the performance of the S-Network Streaming & Gaming Index. It was launched on Jan 25, 2022. Both RSPN and BNGE 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: RSPN or BNGE.
Performance
RSPN vs. BNGE - Performance Comparison
Returns By Period
In the year-to-date period, RSPN achieves a 25.84% return, which is significantly higher than BNGE's 19.27% return.
RSPN
25.84%
3.90%
16.34%
36.40%
15.36%
11.63%
BNGE
19.27%
8.37%
14.12%
23.45%
N/A
N/A
Key characteristics
| RSPN | BNGE | |
|---|---|---|
| Sharpe Ratio | 2.62 | 1.39 |
| Sortino Ratio | 3.69 | 1.92 |
| Omega Ratio | 1.45 | 1.24 |
| Calmar Ratio | 6.35 | 1.62 |
| Martin Ratio | 15.38 | 6.60 |
| Ulcer Index | 2.39% | 3.68% |
| Daily Std Dev | 13.97% | 17.49% |
| Max Drawdown | -61.64% | -40.54% |
| Current Drawdown | -2.05% | 0.00% |
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RSPN vs. BNGE - Expense Ratio Comparison
RSPN has a 0.40% expense ratio, which is lower than BNGE's 0.70% expense ratio.
Correlation
The correlation between RSPN and BNGE is 0.71, 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.
Risk-Adjusted Performance
RSPN vs. BNGE - 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 First Trust S-Network Streaming and Gaming ETF (BNGE). 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. BNGE - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.87%, more than BNGE's 0.55% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.87% | 0.55% | 0.00% |
BNGE First Trust S-Network Streaming and Gaming ETF | 0.55% | 0.81% | 0.60% |
Drawdowns
RSPN vs. BNGE - Drawdown Comparison
The maximum RSPN drawdown since its inception was -61.64%, which is greater than BNGE's maximum drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for RSPN and BNGE. For additional features, visit the drawdowns tool.
Volatility
RSPN vs. BNGE - Volatility Comparison
Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.27% compared to First Trust S-Network Streaming and Gaming ETF (BNGE) at 3.90%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier than BNGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.