Correlation
The correlation between RYF and RSP 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. RSP
Compare and contrast key facts about Invesco S&P 500® Equal Weight Financials ETF (RYF) and Invesco S&P 500® Equal Weight ETF (RSP).
RYF and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003. Both RYF and RSP 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 RSP.
Performance
RYF vs. RSP - 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
RSP
1.17%
4.45%
-5.18%
8.17%
7.66%
13.72%
9.80%
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RYF vs. RSP - Expense Ratio Comparison
RYF has a 0.40% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
RYF vs. RSP — Risk-Adjusted Performance Rank
RYF
RSP
RYF vs. RSP - 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 Invesco S&P 500® Equal Weight ETF (RSP). 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. RSP - Dividend Comparison
RYF has not paid dividends to shareholders, while RSP's dividend yield for the trailing twelve months is around 1.59%.
| 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% |
RSP Invesco S&P 500® Equal Weight ETF | 1.59% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
RYF vs. RSP - Drawdown Comparison
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Volatility
RYF vs. RSP - Volatility Comparison
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