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RSPT vs. QTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RSPT vs. QTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Technology ETF (RSPT) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.47%
-0.61%
RSPT
QTEC

Returns By Period

In the year-to-date period, RSPT achieves a 15.63% return, which is significantly higher than QTEC's 9.68% return. Both investments have delivered pretty close results over the past 10 years, with RSPT having a 16.60% annualized return and QTEC not far ahead at 16.83%.


RSPT

YTD

15.63%

1M

-0.63%

6M

5.47%

1Y

27.18%

5Y (annualized)

15.66%

10Y (annualized)

16.60%

QTEC

YTD

9.68%

1M

-0.30%

6M

-0.61%

1Y

21.21%

5Y (annualized)

15.84%

10Y (annualized)

16.83%

Key characteristics


RSPTQTEC
Sharpe Ratio1.370.87
Sortino Ratio1.881.28
Omega Ratio1.241.16
Calmar Ratio2.051.16
Martin Ratio6.563.42
Ulcer Index4.02%5.87%
Daily Std Dev19.25%23.09%
Max Drawdown-58.91%-58.86%
Current Drawdown-3.51%-6.32%

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RSPT vs. QTEC - Expense Ratio Comparison

RSPT has a 0.40% expense ratio, which is lower than QTEC's 0.57% expense ratio.


QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
Expense ratio chart for QTEC: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for RSPT: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.9

The correlation between RSPT and QTEC is 0.92, 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.

Risk-Adjusted Performance

RSPT vs. QTEC - 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 First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.


Sharpe ratio
The chart of Sharpe ratio for RSPT, currently valued at 1.37, compared to the broader market0.002.004.001.370.87
The chart of Sortino ratio for RSPT, currently valued at 1.88, compared to the broader market-2.000.002.004.006.008.0010.0012.001.881.28
The chart of Omega ratio for RSPT, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.241.16
The chart of Calmar ratio for RSPT, currently valued at 2.05, compared to the broader market0.005.0010.0015.002.051.16
The chart of Martin ratio for RSPT, currently valued at 6.56, compared to the broader market0.0020.0040.0060.0080.00100.006.563.42
RSPT
QTEC

The current RSPT Sharpe Ratio is 1.37, which is higher than the QTEC Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of RSPT and QTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.37
0.87
RSPT
QTEC

Dividends

RSPT vs. QTEC - Dividend Comparison

RSPT's dividend yield for the trailing twelve months is around 0.46%, more than QTEC's 0.04% yield.


TTM20232022202120202019201820172016201520142013
RSPT
Invesco S&P 500 Equal Weight Technology ETF
0.46%0.56%0.71%0.50%1.29%0.92%0.98%0.84%1.16%1.18%1.16%0.80%
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
0.04%0.14%0.15%0.02%0.44%0.68%0.91%0.80%1.29%0.99%1.22%0.72%

Drawdowns

RSPT vs. QTEC - Drawdown Comparison

The maximum RSPT drawdown since its inception was -58.91%, roughly equal to the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for RSPT and QTEC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.51%
-6.32%
RSPT
QTEC

Volatility

RSPT vs. QTEC - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Technology ETF (RSPT) is 6.17%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 7.56%. This indicates that RSPT experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
6.17%
7.56%
RSPT
QTEC