Find Comparable ETFs for Invesco S&P 500 Equal Weight Technology ETF
Invesco S&P 500 Equal Weight Technology ETF
RYT - PCXFirst Trust Dow Jones Internet Index Fund
FDN - PCXThe First Trust Dow Jones Internet Index Fund concentrates on internet-based companies, representing a subset of the technology sector that RYT covers.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 81%
R-squared: 66%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 6
- FDN in RYT's comparables: Yes
- RYT in FDN's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 31.05 vs 25.56
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FDN Price vs 200-day MA: 111%
- RYT Price vs 200-day MA: 109%
Performance Comparison:
| Period | FDN | RYT |
|---|---|---|
| Year_1 | 14% | 0% |
| Year_3 | -8% | 0% |
| Year_5 | 5% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
Vanguard Information Technology Index Fund ETF Shares
VGT - PCXThe Vanguard Information Technology ETF focuses on U.S. technology stocks and provides a different weighting approach, making it comparable to RYT's equal-weight strategy.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 91%
R-squared: 83%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- RYT in VGT's comparables: No
- VGT in RYT's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 25.56 vs 27.40
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- RYT Price vs 200-day MA: 109%
- VGT Price vs 200-day MA: 101%
Performance Comparison:
| Period | RYT | VGT |
|---|---|---|
| Year_1 | 0% | 22% |
| Year_3 | 0% | 10% |
| Year_5 | 0% | 21% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
iShares Expanded Tech-Software Sector ETF
IGV - BTSRYT is a technology ETF that tracks the performance of software and tech stocks, similar to IGV's holdings and sector focus.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 82%
R-squared: 68%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 3
- IGV in RYT's comparables: Yes
- RYT in IGV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- IGV Price vs 200-day MA: 105%
- RYT Price vs 200-day MA: 109%
Performance Comparison:
| Period | IGV | RYT |
|---|---|---|
| Year_1 | 14% | 0% |
| Year_3 | 0% | 0% |
| Year_5 | 13% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: BTS vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
Nuveen ESG Large-Cap Growth ETF
NULG - BTS
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 88%
R-squared: 78%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- NULG in RYT's comparables: No
- RYT in NULG's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 33.94 vs 25.56
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- NULG Price vs 200-day MA: 100%
- RYT Price vs 200-day MA: 109%
Performance Comparison:
| Period | NULG | RYT |
|---|---|---|
| Year_1 | 22% | 0% |
| Year_3 | 7% | 0% |
| Year_5 | 17% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: BTS vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
SPDR S&P 500 ETF Trust
SPY - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 88%
R-squared: 77%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 3
- RYT in SPY's comparables: No
- SPY in RYT's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 25.56 vs 17.86
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- RYT Price vs 200-day MA: 109%
- SPY Price vs 200-day MA: 104%
Performance Comparison:
| Period | RYT | SPY |
|---|---|---|
| Year_1 | 0% | 20% |
| Year_3 | 0% | 8% |
| Year_5 | 0% | 14% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
The Communication Services Select Sector SPDR ETF Fund
XLC - PCXThe Communication Services ETF includes major tech-related companies and offers a broader view of the technology influence in communication, relevant for tech investors.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 57%
R-squared: 32%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- RYT in XLC's comparables: No
- XLC in RYT's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 25.56 vs 15.99
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- RYT Price vs 200-day MA: 109%
- XLC Price vs 200-day MA: 111%
Performance Comparison:
| Period | RYT | XLC |
|---|---|---|
| Year_1 | 0% | 27% |
| Year_3 | 0% | 2% |
| Year_5 | 0% | 12% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
Global X Lithium & Battery Tech ETF
LIT - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 27%
R-squared: 7%
This indicates a negligible relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- LIT in RYT's comparables: No
- RYT in LIT's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 12.77 vs 25.56
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- LIT Price vs 200-day MA: 98%
- RYT Price vs 200-day MA: 109%
Performance Comparison:
| Period | LIT | RYT |
|---|---|---|
| Year_1 | -41% | 0% |
| Year_3 | -23% | 0% |
| Year_5 | 9% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
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