RZG vs. SPSM
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
RZG and SPSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. Both RZG and SPSM 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: RZG or SPSM.
Key characteristics
| RZG | SPSM | |
|---|---|---|
| YTD Return | 5.03% | 1.02% |
| 1Y Return | 26.61% | 20.14% |
| 3Y Return (Ann) | -1.33% | 1.34% |
| 5Y Return (Ann) | 5.90% | 8.28% |
| 10Y Return (Ann) | 7.42% | 8.45% |
| Sharpe Ratio | 1.42 | 1.00 |
| Daily Std Dev | 17.97% | 19.29% |
| Max Drawdown | -58.52% | -42.89% |
| Current Drawdown | -16.39% | -5.75% |
Correlation
The correlation between RZG and SPSM is 0.92, 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. SPSM - Performance Comparison
In the year-to-date period, RZG achieves a 5.03% return, which is significantly higher than SPSM's 1.02% return. Over the past 10 years, RZG has underperformed SPSM with an annualized return of 7.42%, while SPSM has yielded a comparatively higher 8.45% annualized return. 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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RZG vs. SPSM - Expense Ratio Comparison
RZG has a 0.35% expense ratio, which is higher than SPSM's 0.05% expense ratio.
Risk-Adjusted Performance
RZG vs. SPSM - 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 SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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
RZG vs. SPSM - Dividend Comparison
RZG's dividend yield for the trailing twelve months is around 1.28%, less than SPSM's 1.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 1.28% | 1.43% | 1.59% | 0.22% | 0.49% | 0.70% | 0.45% | 0.44% | 0.65% | 0.70% | 0.36% | 0.34% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.62% | 1.61% | 1.38% | 1.40% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
Drawdowns
RZG vs. SPSM - Drawdown Comparison
The maximum RZG drawdown since its inception was -58.52%, which is greater than SPSM's maximum drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for RZG and SPSM. For additional features, visit the drawdowns tool.
Volatility
RZG vs. SPSM - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 4.93% compared to SPDR Portfolio S&P 600 Small Cap ETF (SPSM) at 4.53%. This indicates that RZG's price experiences larger fluctuations and is considered to be riskier than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.