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.
Correlation
The correlation between RSPT and NXT is 0.38, 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.
Performance
RSPT vs. NXT - Performance Comparison
Key characteristics
RSPT:
-0.62
NXT:
-0.45
RSPT:
-0.69
NXT:
-0.39
RSPT:
0.91
NXT:
0.96
RSPT:
-0.54
NXT:
-0.54
RSPT:
-2.31
NXT:
-0.88
RSPT:
6.28%
NXT:
29.94%
RSPT:
23.29%
NXT:
58.59%
RSPT:
-58.91%
NXT:
-48.61%
RSPT:
-26.62%
NXT:
-39.91%
Returns By Period
In the year-to-date period, RSPT achieves a -21.01% return, which is significantly lower than NXT's -0.30% return.
RSPT
-21.01%
-17.72%
-21.73%
-14.77%
12.45%
13.27%
NXT
-0.30%
-12.84%
4.15%
-28.24%
N/A
N/A
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Risk-Adjusted Performance
RSPT vs. NXT — Risk-Adjusted Performance Rank
RSPT
NXT
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 0.56%, while NXT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.56% | 0.44% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% | 1.16% |
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 12.18%, while Nextracker Inc (NXT) has a volatility of 13.89%. 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.