RZG vs. ^GSPC
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and S&P 500 (^GSPC).
RZG is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Growth. It was launched on Mar 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RZG or ^GSPC.
Correlation
The correlation between RZG and ^GSPC is 0.76, 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
RZG vs. ^GSPC - Performance Comparison
Key characteristics
RZG:
0.37
^GSPC:
1.62
RZG:
0.68
^GSPC:
2.20
RZG:
1.08
^GSPC:
1.30
RZG:
0.37
^GSPC:
2.46
RZG:
1.60
^GSPC:
10.01
RZG:
4.72%
^GSPC:
2.08%
RZG:
20.45%
^GSPC:
12.88%
RZG:
-58.52%
^GSPC:
-56.78%
RZG:
-13.42%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, RZG achieves a -0.97% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, RZG has underperformed ^GSPC with an annualized return of 6.41%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
RZG
-0.97%
-5.20%
-4.22%
7.06%
5.47%
6.41%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
RZG vs. ^GSPC — Risk-Adjusted Performance Rank
RZG
^GSPC
RZG vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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
RZG vs. ^GSPC - Drawdown Comparison
The maximum RZG drawdown since its inception was -58.52%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RZG and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
RZG vs. ^GSPC - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 7.38% compared to S&P 500 (^GSPC) at 3.43%. This indicates that RZG's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.