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:
0.56
^GSPC:
1.74
RZG:
0.96
^GSPC:
2.36
RZG:
1.11
^GSPC:
1.32
RZG:
0.54
^GSPC:
2.62
RZG:
2.41
^GSPC:
10.69
RZG:
4.64%
^GSPC:
2.08%
RZG:
20.06%
^GSPC:
12.76%
RZG:
-58.52%
^GSPC:
-56.78%
RZG:
-8.44%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, RZG achieves a 4.72% return, which is significantly higher than ^GSPC's 4.01% return. Over the past 10 years, RZG has underperformed ^GSPC with an annualized return of 7.01%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
RZG
4.72%
1.53%
3.40%
13.74%
6.66%
7.01%
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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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 6.14% compared to S&P 500 (^GSPC) at 3.01%. 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.