ABEQ vs. RSPM ETF Comparison
Comparison of Absolute Core Strategy ETF (ABEQ) to Invesco S&P 500 Equal Weight Materials ETF (RSPM)
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$32.85
Average Daily Volume
5,950
19
RSPM
Invesco S&P 500 Equal Weight Materials ETF
RSPM Description
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Materials Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the materials sector, as defined according to the Global Industry Classification Standard (GICS).Grade (RS Rating)
Last Trade
$36.39
Average Daily Volume
17,663
28
Performance
| Period | ABEQ | RSPM |
|---|---|---|
| 30 Days | -0.61% | -1.31% |
| 60 Days | 0.76% | 1.00% |
| 90 Days | 1.75% | 1.44% |
| 12 Months | 19.75% | 18.24% |
ABEQ Underweight 25 Positions Relative to RSPM
| Symbol | Grade | Weight | |
|---|---|---|---|
| STLD | B | -4.36% | |
| VMC | B | -4.25% | |
| IP | A | -4.18% | |
| ALB | B | -4.17% | |
| MLM | C | -4.04% | |
| PKG | A | -4.0% | |
| SW | A | -4.0% | |
| APD | A | -3.97% | |
| CF | A | -3.87% | |
| SHW | B | -3.69% | |
| NUE | C | -3.64% | |
| FCX | F | -3.62% | |
| MOS | F | -3.56% | |
| ECL | D | -3.53% | |
| EMN | C | -3.49% | |
| PPG | F | -3.47% | |
| LIN | C | -3.45% | |
| BALL | F | -3.35% | |
| AMCR | C | -3.31% | |
| AVY | F | -3.25% | |
| DOW | F | -3.18% | |
| LYB | F | -3.16% | |
| FMC | D | -3.12% | |
| NEM | D | -2.7% | |
| CE | F | -2.14% |
ABEQ: Top Represented Industries & Keywords
RSPM: Top Represented Industries & Keywords
Compare ETFs
