RSPN vs. PKB
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Invesco Dynamic Building & Construction ETF (PKB).
RSPN and PKB 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. PKB is a passively managed fund by Invesco that tracks the performance of the Dynamic Building & Construction Intellidex Index. It was launched on Oct 26, 2005. Both RSPN and PKB 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 PKB.
Performance
RSPN vs. PKB - Performance Comparison
Returns By Period
In the year-to-date period, RSPN achieves a 24.13% return, which is significantly lower than PKB's 32.85% return. Over the past 10 years, RSPN has underperformed PKB with an annualized return of 11.53%, while PKB has yielded a comparatively higher 14.67% annualized return.
RSPN
24.13%
1.68%
13.26%
34.82%
15.06%
11.53%
PKB
32.85%
2.46%
18.49%
53.01%
20.49%
14.67%
Key characteristics
| RSPN | PKB | |
|---|---|---|
| Sharpe Ratio | 2.48 | 2.22 |
| Sortino Ratio | 3.51 | 2.91 |
| Omega Ratio | 1.43 | 1.36 |
| Calmar Ratio | 5.99 | 4.50 |
| Martin Ratio | 14.52 | 11.07 |
| Ulcer Index | 2.38% | 4.71% |
| Daily Std Dev | 13.92% | 23.53% |
| Max Drawdown | -61.64% | -65.21% |
| Current Drawdown | -3.38% | -3.10% |
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RSPN vs. PKB - Expense Ratio Comparison
RSPN has a 0.40% expense ratio, which is lower than PKB's 0.60% expense ratio.
Correlation
The correlation between RSPN and PKB is 0.77, 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. PKB - 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 Invesco Dynamic Building & Construction ETF (PKB). 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. PKB - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.88%, more than PKB's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.88% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PKB Invesco Dynamic Building & Construction ETF | 0.22% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% |
Drawdowns
RSPN vs. PKB - Drawdown Comparison
The maximum RSPN drawdown since its inception was -61.64%, smaller than the maximum PKB drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for RSPN and PKB. For additional features, visit the drawdowns tool.
Volatility
RSPN vs. PKB - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) is 5.18%, while Invesco Dynamic Building & Construction ETF (PKB) has a volatility of 6.56%. This indicates that RSPN experiences smaller price fluctuations and is considered to be less risky than PKB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.