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.
Key characteristics
RZG | ^GSPC | |
---|---|---|
YTD Return | 5.87% | 9.31% |
1Y Return | 26.61% | 26.02% |
3Y Return (Ann) | -1.17% | 7.58% |
5Y Return (Ann) | 6.08% | 12.62% |
10Y Return (Ann) | 7.38% | 10.66% |
Sharpe Ratio | 1.54 | 2.30 |
Daily Std Dev | 17.96% | 11.57% |
Max Drawdown | -58.52% | -56.78% |
Current Drawdown | -15.72% | -0.77% |
Correlation
The correlation between RZG and ^GSPC is 0.77, 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
In the year-to-date period, RZG achieves a 5.87% return, which is significantly lower than ^GSPC's 9.31% return. Over the past 10 years, RZG has underperformed ^GSPC with an annualized return of 7.38%, while ^GSPC has yielded a comparatively higher 10.66% 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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Risk-Adjusted Performance
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 4.86% compared to S&P 500 (^GSPC) at 3.99%. 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.