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:
-0.14
^GSPC:
0.28
RZG:
-0.04
^GSPC:
0.53
RZG:
1.00
^GSPC:
1.08
RZG:
-0.13
^GSPC:
0.28
RZG:
-0.45
^GSPC:
1.31
RZG:
7.90%
^GSPC:
4.06%
RZG:
24.70%
^GSPC:
18.90%
RZG:
-58.52%
^GSPC:
-56.78%
RZG:
-21.29%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, RZG achieves a -9.99% return, which is significantly lower than ^GSPC's -8.25% return. Over the past 10 years, RZG has underperformed ^GSPC with an annualized return of 5.09%, while ^GSPC has yielded a comparatively higher 10.02% annualized return.
RZG
-9.99%
-3.62%
-13.18%
-2.56%
12.56%
5.09%
^GSPC
-8.25%
-4.30%
-7.20%
6.61%
14.07%
10.02%
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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) and S&P 500 (^GSPC) have volatilities of 14.10% and 13.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.