Correlation
The correlation between RYF and ^GSPC 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. ^GSPC
Compare and contrast key facts about Invesco S&P 500® Equal Weight Financials ETF (RYF) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYF or ^GSPC.
Performance
RYF vs. ^GSPC - Performance Comparison
Loading data...
Key characteristics
Returns By Period
RYF
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
RYF vs. ^GSPC — Risk-Adjusted Performance Rank
RYF
^GSPC
RYF vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Loading data...
Drawdowns
RYF vs. ^GSPC - Drawdown Comparison
Loading data...
Volatility
RYF vs. ^GSPC - Volatility Comparison
Loading data...