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^SPXEW vs. RSP
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^SPXEW and RSP is 0.99, 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.


-0.50.00.51.01.0

Performance

^SPXEW vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500® Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

500.00%600.00%700.00%800.00%900.00%JulyAugustSeptemberOctoberNovemberDecember
598.76%
859.28%
^SPXEW
RSP

Key characteristics

Sharpe Ratio

^SPXEW:

1.19

RSP:

1.36

Sortino Ratio

^SPXEW:

1.69

RSP:

1.92

Omega Ratio

^SPXEW:

1.21

RSP:

1.24

Calmar Ratio

^SPXEW:

1.90

RSP:

2.19

Martin Ratio

^SPXEW:

6.06

RSP:

7.22

Ulcer Index

^SPXEW:

2.27%

RSP:

2.17%

Daily Std Dev

^SPXEW:

11.57%

RSP:

11.49%

Max Drawdown

^SPXEW:

-60.83%

RSP:

-59.92%

Current Drawdown

^SPXEW:

-5.96%

RSP:

-5.84%

Returns By Period

In the year-to-date period, ^SPXEW achieves a 11.47% return, which is significantly lower than RSP's 13.31% return. Over the past 10 years, ^SPXEW has underperformed RSP with an annualized return of 8.09%, while RSP has yielded a comparatively higher 9.96% annualized return.


^SPXEW

YTD

11.47%

1M

-3.00%

6M

6.66%

1Y

12.37%

5Y*

8.82%

10Y*

8.09%

RSP

YTD

13.31%

1M

-2.82%

6M

7.54%

1Y

14.27%

5Y*

10.74%

10Y*

9.96%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

^SPXEW vs. RSP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500® Equal Weight ETF (RSP). 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.


Sharpe ratio
The chart of Sharpe ratio for ^SPXEW, currently valued at 1.19, compared to the broader market0.001.002.001.191.36
The chart of Sortino ratio for ^SPXEW, currently valued at 1.69, compared to the broader market-1.000.001.002.003.001.691.92
The chart of Omega ratio for ^SPXEW, currently valued at 1.21, compared to the broader market0.901.001.101.201.301.401.211.24
The chart of Calmar ratio for ^SPXEW, currently valued at 1.90, compared to the broader market0.001.002.003.001.902.19
The chart of Martin ratio for ^SPXEW, currently valued at 6.06, compared to the broader market0.005.0010.0015.0020.006.067.22
^SPXEW
RSP

The current ^SPXEW Sharpe Ratio is 1.19, which is comparable to the RSP Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of ^SPXEW and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.19
1.36
^SPXEW
RSP

Drawdowns

^SPXEW vs. RSP - Drawdown Comparison

The maximum ^SPXEW drawdown since its inception was -60.83%, roughly equal to the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and RSP. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.96%
-5.84%
^SPXEW
RSP

Volatility

^SPXEW vs. RSP - Volatility Comparison

S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500® Equal Weight ETF (RSP) have volatilities of 4.09% and 4.08%, 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.


2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
4.09%
4.08%
^SPXEW
RSP
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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