RYT vs. QQQ
Compare and contrast key facts about Invesco S&P 500® Equal Weight Technology ETF (RYT) and Invesco QQQ (QQQ).
RYT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYT is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Information Technology. It was launched on Nov 7, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RYT and QQQ 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: RYT or QQQ.
Key characteristics
| RYT | QQQ |
|---|
Correlation
The correlation between RYT and QQQ is 0.82, 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
RYT vs. QQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYT vs. QQQ - Expense Ratio Comparison
RYT has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Technology ETF (RYT) and Invesco QQQ (QQQ). 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
RYT vs. QQQ - Dividend Comparison
RYT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYT Invesco S&P 500® Equal Weight Technology ETF | 0.00% | 0.97% | 0.72% | 0.51% | 1.30% | 0.93% | 0.98% | 0.85% | 1.17% | 1.18% | 1.18% | 0.82% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
RYT vs. QQQ - Drawdown Comparison
Volatility
RYT vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Technology ETF (RYT) is 0.00%, while Invesco QQQ (QQQ) has a volatility of 5.97%. This indicates that RYT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.