Correlation
The correlation between RYF and IAI is 0.74, 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.
RYF vs. IAI
Compare and contrast key facts about Invesco S&P 500® Equal Weight Financials ETF (RYF) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
RYF and IAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYF is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Financials -SEC. It was launched on Nov 1, 2006. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both RYF and IAI 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: RYF or IAI.
Performance
RYF vs. IAI - Performance Comparison
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Key characteristics
Returns By Period
RYF
N/A
N/A
N/A
N/A
N/A
N/A
N/A
IAI
7.62%
10.08%
1.27%
34.38%
20.57%
22.41%
15.38%
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RYF vs. IAI - Expense Ratio Comparison
RYF has a 0.40% expense ratio, which is lower than IAI's 0.41% expense ratio.
Risk-Adjusted Performance
RYF vs. IAI — Risk-Adjusted Performance Rank
RYF
IAI
RYF vs. IAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Financials ETF (RYF) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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
RYF vs. IAI - Dividend Comparison
RYF has not paid dividends to shareholders, while IAI's dividend yield for the trailing twelve months is around 1.05%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYF Invesco S&P 500® Equal Weight Financials ETF | 0.00% | 0.98% | 2.16% | 1.95% | 1.56% | 2.24% | 1.85% | 2.51% | 1.28% | 36.62% | 1.87% | 1.61% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% |
Drawdowns
RYF vs. IAI - Drawdown Comparison
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Volatility
RYF vs. IAI - Volatility Comparison
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