Correlation
The correlation between RSPU and ES is 0.40, 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.
RSPU vs. ES
Compare and contrast key facts about Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and Eversource Energy (ES).
RSPU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Utilities Plus. It was launched on Nov 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPU or ES.
Performance
RSPU vs. ES - Performance Comparison
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Key characteristics
RSPU:
1.33
ES:
0.74
RSPU:
1.82
ES:
1.22
RSPU:
1.24
ES:
1.16
RSPU:
2.39
ES:
0.56
RSPU:
6.17
ES:
2.29
RSPU:
3.60%
ES:
8.56%
RSPU:
16.70%
ES:
24.59%
RSPU:
-48.08%
ES:
-65.47%
RSPU:
-1.40%
ES:
-21.79%
Returns By Period
In the year-to-date period, RSPU achieves a 9.86% return, which is significantly lower than ES's 15.63% return. Over the past 10 years, RSPU has outperformed ES with an annualized return of 10.10%, while ES has yielded a comparatively lower 6.48% annualized return.
RSPU
9.86%
2.82%
1.67%
19.93%
8.18%
11.47%
10.10%
ES
15.63%
11.06%
4.25%
14.73%
-7.32%
-1.46%
6.48%
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Risk-Adjusted Performance
RSPU vs. ES — Risk-Adjusted Performance Rank
RSPU
ES
RSPU vs. ES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and Eversource Energy (ES). 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
RSPU vs. ES - Dividend Comparison
RSPU's dividend yield for the trailing twelve months is around 2.38%, less than ES's 4.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 2.38% | 2.39% | 2.92% | 2.35% | 2.41% | 2.94% | 2.54% | 3.11% | 3.08% | 2.98% | 4.15% | 2.91% |
ES Eversource Energy | 4.53% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% | 2.93% |
Drawdowns
RSPU vs. ES - Drawdown Comparison
The maximum RSPU drawdown since its inception was -48.08%, smaller than the maximum ES drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for RSPU and ES.
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Volatility
RSPU vs. ES - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is 4.44%, while Eversource Energy (ES) has a volatility of 8.53%. This indicates that RSPU experiences smaller price fluctuations and is considered to be less risky than ES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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