RSPN vs. RSP
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Invesco S&P 500® Equal Weight ETF (RSP).
RSPN and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003. Both RSPN and RSP 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 RSP.
Performance
RSPN vs. RSP - Performance Comparison
Returns By Period
In the year-to-date period, RSPN achieves a 25.84% return, which is significantly higher than RSP's 18.07% return. Over the past 10 years, RSPN has outperformed RSP with an annualized return of 11.63%, while RSP has yielded a comparatively lower 10.53% annualized return.
RSPN
25.84%
3.90%
16.34%
36.40%
15.36%
11.63%
RSP
18.07%
2.55%
12.56%
27.69%
12.44%
10.53%
Key characteristics
| RSPN | RSP | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.47 |
| Sortino Ratio | 3.69 | 3.42 |
| Omega Ratio | 1.45 | 1.44 |
| Calmar Ratio | 6.35 | 3.58 |
| Martin Ratio | 15.38 | 14.19 |
| Ulcer Index | 2.39% | 1.99% |
| Daily Std Dev | 13.97% | 11.47% |
| Max Drawdown | -61.64% | -59.92% |
| Current Drawdown | -2.05% | -0.51% |
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RSPN vs. RSP - Expense Ratio Comparison
RSPN has a 0.40% expense ratio, which is higher than RSP's 0.20% expense ratio.
Correlation
The correlation between RSPN and RSP is 0.83, 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. RSP - 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 S&P 500® Equal Weight ETF (RSP). 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. RSP - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.87%, less than RSP's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.44% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
RSPN vs. RSP - Drawdown Comparison
The maximum RSPN drawdown since its inception was -61.64%, roughly equal to the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for RSPN and RSP. For additional features, visit the drawdowns tool.
Volatility
RSPN vs. RSP - Volatility Comparison
Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.27% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 3.63%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.