RYF vs. SPY
Compare and contrast key facts about Invesco S&P 500® Equal Weight Financials ETF (RYF) and SPDR S&P 500 ETF (SPY).
RYF and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RYF and SPY 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 SPY.
Correlation
The correlation between RYF and SPY is 0.75, 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
RYF vs. SPY - Performance Comparison
Key characteristics
Returns By Period
RYF
N/A
N/A
N/A
N/A
N/A
N/A
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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RYF vs. SPY - Expense Ratio Comparison
RYF has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RYF vs. SPY — Risk-Adjusted Performance Rank
RYF
SPY
RYF vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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
RYF vs. SPY - Dividend Comparison
RYF has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| 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% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RYF vs. SPY - Drawdown Comparison
Volatility
RYF vs. SPY - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Financials ETF (RYF) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that RYF experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.