Correlation
The correlation between RSPS and NVDY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
RSPS vs. NVDY
Compare and contrast key facts about Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and YieldMax NVDA Option Income Strategy ETF (NVDY).
RSPS and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPS is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Consumer Staples -SEC. It was launched on Nov 1, 2006. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPS or NVDY.
Performance
RSPS vs. NVDY - Performance Comparison
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Key characteristics
RSPS:
0.07
NVDY:
0.35
RSPS:
0.08
NVDY:
0.70
RSPS:
1.01
NVDY:
1.10
RSPS:
-0.01
NVDY:
0.42
RSPS:
-0.03
NVDY:
1.04
RSPS:
4.89%
NVDY:
13.69%
RSPS:
14.02%
NVDY:
48.44%
RSPS:
-35.93%
NVDY:
-34.09%
RSPS:
-8.79%
NVDY:
-11.96%
Returns By Period
In the year-to-date period, RSPS achieves a 1.97% return, which is significantly higher than NVDY's -4.99% return.
RSPS
1.97%
1.36%
-2.78%
-1.10%
-0.92%
4.82%
5.93%
NVDY
-4.99%
16.75%
-7.98%
17.55%
N/A
N/A
N/A
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RSPS vs. NVDY - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
RSPS vs. NVDY — Risk-Adjusted Performance Rank
RSPS
NVDY
RSPS vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
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Dividends
RSPS vs. NVDY - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.82%, less than NVDY's 112.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.82% | 2.86% | 2.78% | 2.31% | 2.07% | 2.14% | 2.12% | 2.43% | 1.90% | 1.76% | 1.77% | 1.74% |
NVDY YieldMax NVDA Option Income Strategy ETF | 112.46% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RSPS vs. NVDY - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, which is greater than NVDY's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for RSPS and NVDY.
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Volatility
RSPS vs. NVDY - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is 4.04%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 8.15%. This indicates that RSPS experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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