RSPN vs. IVES
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Wedbush ETFMG Global Cloud Technology ETF (IVES).
RSPN and IVES 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. IVES is a passively managed fund by ETFMG that tracks the performance of the Dan Ives Global Cloud Technology Prime Index. It was launched on Mar 8, 2016. Both RSPN and IVES 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 IVES.
Performance
RSPN vs. IVES - Performance Comparison
Returns By Period
In the year-to-date period, RSPN achieves a 25.84% return, which is significantly higher than IVES's 18.01% return.
RSPN
25.84%
3.90%
16.34%
36.40%
15.36%
11.63%
IVES
18.01%
-1.52%
6.33%
30.19%
6.28%
N/A
Key characteristics
| RSPN | IVES | |
|---|---|---|
| Sharpe Ratio | 2.62 | 1.37 |
| Sortino Ratio | 3.69 | 1.97 |
| Omega Ratio | 1.45 | 1.24 |
| Calmar Ratio | 6.35 | 0.79 |
| Martin Ratio | 15.38 | 6.22 |
| Ulcer Index | 2.39% | 4.78% |
| Daily Std Dev | 13.97% | 21.68% |
| Max Drawdown | -61.64% | -56.11% |
| Current Drawdown | -2.05% | -18.58% |
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RSPN vs. IVES - Expense Ratio Comparison
RSPN has a 0.40% expense ratio, which is lower than IVES's 0.68% expense ratio.
Correlation
The correlation between RSPN and IVES is 0.57, 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.
Risk-Adjusted Performance
RSPN vs. IVES - 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 Wedbush ETFMG Global Cloud Technology ETF (IVES). 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. IVES - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.87%, more than IVES's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.87% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVES Wedbush ETFMG Global Cloud Technology ETF | 0.02% | 0.00% | 0.00% | 0.00% | 0.39% | 1.16% | 0.38% | 1.02% | 0.64% |
Drawdowns
RSPN vs. IVES - Drawdown Comparison
The maximum RSPN drawdown since its inception was -61.64%, which is greater than IVES's maximum drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for RSPN and IVES. For additional features, visit the drawdowns tool.
Volatility
RSPN vs. IVES - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) is 5.27%, while Wedbush ETFMG Global Cloud Technology ETF (IVES) has a volatility of 6.26%. This indicates that RSPN experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.