RSPN vs. SPY
Compare and contrast key facts about Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and SPDR S&P 500 ETF (SPY).
RSPN and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RSPN and SPY 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 SPY.
Key characteristics
| RSPN | SPY | |
|---|---|---|
| YTD Return | 10.33% | 16.23% |
| 1Y Return | 14.85% | 23.11% |
| 3Y Return (Ann) | 8.12% | 10.03% |
| 5Y Return (Ann) | 13.36% | 14.88% |
| 10Y Return (Ann) | 10.75% | 12.74% |
| Sharpe Ratio | 1.11 | 1.98 |
| Daily Std Dev | 13.35% | 11.25% |
| Max Drawdown | -61.64% | -55.19% |
| Current Drawdown | -1.78% | -2.81% |
Correlation
The correlation between RSPN and SPY 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.
Performance
RSPN vs. SPY - Performance Comparison
In the year-to-date period, RSPN achieves a 10.33% return, which is significantly lower than SPY's 16.23% return. Over the past 10 years, RSPN has underperformed SPY with an annualized return of 10.75%, while SPY has yielded a comparatively higher 12.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RSPN vs. SPY - Expense Ratio Comparison
RSPN has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RSPN vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RSPN's dividend yield for the trailing twelve months is around 0.95%, less than SPY's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.95% | 0.55% | 0.00% | 0.03% | 0.03% | 0.01% | 0.04% | 0.03% | 0.03% | 0.06% | 0.03% | 0.04% |
SPY SPDR S&P 500 ETF | 1.25% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RSPN vs. SPY - Drawdown Comparison
The maximum RSPN drawdown since its inception was -61.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSPN and SPY. For additional features, visit the drawdowns tool.
Volatility
RSPN vs. SPY - Volatility Comparison
Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 4.69% compared to SPDR S&P 500 ETF (SPY) at 2.72%. This indicates that RSPN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.