RYE vs. IYE
Compare and contrast key facts about Invesco S&P 500® Equal Weight Energy ETF (RYE) and iShares U.S. Energy ETF (IYE).
RYE and IYE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Energy -SEC. It was launched on Nov 1, 2006. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. Both RYE and IYE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYE or IYE.
Correlation
The correlation between RYE and IYE is 0.90, 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.
Performance
RYE vs. IYE - Performance Comparison
Key characteristics
Returns By Period
RYE
N/A
N/A
N/A
N/A
N/A
N/A
IYE
3.22%
-11.52%
-3.25%
1.58%
10.77%
3.10%
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RYE vs. IYE - Expense Ratio Comparison
RYE has a 0.40% expense ratio, which is lower than IYE's 0.42% expense ratio.
Risk-Adjusted Performance
RYE vs. IYE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Energy ETF (RYE) and iShares U.S. Energy ETF (IYE). 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
RYE vs. IYE - Dividend Comparison
RYE has not paid dividends to shareholders, while IYE's dividend yield for the trailing twelve months is around 3.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYE Invesco S&P 500® Equal Weight Energy ETF | 1.21% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
IYE iShares U.S. Energy ETF | 3.63% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.15% | 2.66% | 2.11% | 3.39% | 2.05% | 1.54% |
Drawdowns
RYE vs. IYE - Drawdown Comparison
Volatility
RYE vs. IYE - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Energy ETF (RYE) is 0.00%, while iShares U.S. Energy ETF (IYE) has a volatility of 4.92%. This indicates that RYE experiences smaller price fluctuations and is considered to be less risky than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.