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ETF Comparisons

RSP vs. SQQQ

Invesco S&P 500 Equal Weight ETF

RSP
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.82

Compare with

Top 10 comparisons with RSP:
Compare:
RSP
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.82
SwitchEUSABlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF0.99IWRBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF0.99IWSBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF0.99SIZEBlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF0.99VOVanguard Group, Inc. - Vanguard Mid-Cap ETF0.99JHMMJohn Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF0.99IMCBBlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF0.99IWDBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF0.99FEXFirst Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund0.99EQALInvesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF0.99

Top 10 shared holdings

The top 10 holdings shared by RSP and SQQQ:

There are no shared holdings.
Invest with RSP
Learn more about SQQQ
RSPInvesco S&P 500 Equal Weight ETF
SQQQProShares UltraPro Short QQQ

What is RSP?

The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

Snapshot
**

RSP Invesco S&P 500 Equal Weight ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Apr 24 2003
Feb 09 2010
Expense ratio
0.20%
0.95%
RSP has a lower expense ratio than SQQQ by 0.75%. This can indicate that it’s cheaper to invest in RSP than SQQQ.
Type
US Equities
US Equities
RSP targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Invesco
ProShares
RSP is managed by Invesco, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$616,655,599
$2,217,551,125
Both RSP and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$40,657,630,595
$4,455,851,279
RSP has more assets under management than SQQQ by $36,201,779,316. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Equal Weighted Index
Nasdaq 100 Index
RSP is based off of the S&P 500 Equal Weighted Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
RSP uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
RSP and SQQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
RSP and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither RSP nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe RSP is going to fall, it would make sense to invest in SQQQ, as based on historical data, when RSP decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toRSP

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
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Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.