RSPT vs. NXT
Compare and contrast key facts about Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Nextracker Inc (NXT).
RSPT is a passively managed fund by Invesco that tracks the performance of the S&P 500® Information Technology Index. It was launched on Jan 11, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPT or NXT.
Key characteristics
| RSPT | NXT | |
|---|---|---|
| YTD Return | 18.12% | -20.38% |
| 1Y Return | 31.28% | -3.04% |
| Sharpe Ratio | 1.83 | 0.14 |
| Sortino Ratio | 2.44 | 0.76 |
| Omega Ratio | 1.31 | 1.09 |
| Calmar Ratio | 2.76 | 0.18 |
| Martin Ratio | 8.91 | 0.35 |
| Ulcer Index | 3.98% | 24.62% |
| Daily Std Dev | 19.37% | 61.92% |
| Max Drawdown | -58.91% | -48.61% |
| Current Drawdown | -1.44% | -38.74% |
Correlation
The correlation between RSPT and NXT is 0.42, 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
RSPT vs. NXT - Performance Comparison
In the year-to-date period, RSPT achieves a 18.12% return, which is significantly higher than NXT's -20.38% 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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Risk-Adjusted Performance
RSPT vs. NXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Nextracker Inc (NXT). 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
RSPT vs. NXT - Dividend Comparison
RSPT's dividend yield for the trailing twelve months is around 0.45%, while NXT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.45% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% | 1.16% | 0.80% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RSPT vs. NXT - Drawdown Comparison
The maximum RSPT drawdown since its inception was -58.91%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for RSPT and NXT. For additional features, visit the drawdowns tool.
Volatility
RSPT vs. NXT - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Technology ETF (RSPT) is 5.70%, while Nextracker Inc (NXT) has a volatility of 26.17%. This indicates that RSPT experiences smaller price fluctuations and is considered to be less risky than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.