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.
Correlation
The correlation between RYF and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
Returns By Period
RYF
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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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.
Drawdowns
RYF vs. ^GSPC - Drawdown Comparison
Volatility
RYF vs. ^GSPC - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Financials ETF (RYF) is 0.00%, while S&P 500 (^GSPC) has a volatility of 3.19%. This indicates that RYF experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.