RSPS vs. SPYI
Compare and contrast key facts about Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and NEOS S&P 500 High Income ETF (SPYI).
RSPS and SPYI 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. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPS or SPYI.
Correlation
The correlation between RSPS and SPYI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RSPS vs. SPYI - Performance Comparison
Key characteristics
RSPS:
-0.03
SPYI:
2.14
RSPS:
0.04
SPYI:
2.82
RSPS:
1.00
SPYI:
1.45
RSPS:
-0.02
SPYI:
3.14
RSPS:
-0.08
SPYI:
15.32
RSPS:
3.44%
SPYI:
1.35%
RSPS:
10.98%
SPYI:
9.71%
RSPS:
-35.93%
SPYI:
-10.19%
RSPS:
-9.84%
SPYI:
-1.16%
Returns By Period
In the year-to-date period, RSPS achieves a -0.68% return, which is significantly lower than SPYI's 20.74% return.
RSPS
-0.68%
-3.42%
0.53%
-0.63%
3.31%
6.02%
SPYI
20.74%
-0.16%
9.27%
20.66%
N/A
N/A
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RSPS vs. SPYI - Expense Ratio Comparison
RSPS has a 0.40% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
RSPS vs. SPYI - 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 NEOS S&P 500 High Income ETF (SPYI). 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
RSPS vs. SPYI - Dividend Comparison
RSPS's dividend yield for the trailing twelve months is around 2.84%, less than SPYI's 11.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF | 2.84% | 2.78% | 2.31% | 2.07% | 2.14% | 2.12% | 2.43% | 1.90% | 1.76% | 1.77% | 1.74% | 1.54% |
SPYI NEOS S&P 500 High Income ETF | 11.87% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RSPS vs. SPYI - Drawdown Comparison
The maximum RSPS drawdown since its inception was -35.93%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for RSPS and SPYI. For additional features, visit the drawdowns tool.
Volatility
RSPS vs. SPYI - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is 3.18%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 3.45%. This indicates that RSPS experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.