RSPN vs. NGD

Last updated Jun 9, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) is Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while NGD (New Gold Inc.) is a stock. At a 0.15 correlation, their price movements are largely independent.

Performance

RSPN vs. NGD - 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 New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RSPN

• 1D: -0.18%
• 1M: 0.51%
• YTD: 8.05%
• 6M: 8.82%
• 1Y: 16.31%
• 3Y*: 17.91%
• 5Y*: 11.25%
• 10Y*: 14.32%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSPN vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPN Invesco S&P 500® Equal Weight Industrials ETF	8.05%	13.84%	17.63%	22.32%	-8.79%	26.07%	18.07%	33.17%	-13.23%	23.22%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between RSPN and NGD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.15

The correlation between RSPN and NGD shifts across timeframes, from 0.13 (10 years) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RSPN vs. NGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSPN

RSPN Risk / Return Rank: 32
RSPN Sharpe Ratio Rank: 32
RSPN Sortino Ratio Rank: 33
RSPN Omega Ratio Rank: 30
RSPN Calmar Ratio Rank: 29
RSPN Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSPN vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	4.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSPN	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	—	—

Drawdowns

Drawdown Indicators

	RSPN	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	—	—
Current Drawdown Current decline from peak	-4.29%	—	—
Average Drawdown Average peak-to-trough decline	-7.67%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	RSPN	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	—	—

Dividends

RSPN vs. NGD - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.81%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPN Invesco S&P 500® Equal Weight Industrials ETF	0.81%	0.86%	0.98%	1.06%	1.09%	0.70%	0.96%	1.33%	1.49%	1.12%	1.31%	1.51%

Frequently Asked Questions

Can I hold both RSPN and NGD in my portfolio?

RSPN and NGD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.