Invesco S&P MidCap 400 Revenue ETF (RWK) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RWK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RWK
RWK charges 0.39% annually. There are 30 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 16.85B | Jul 2013 | RWK vs SPSM | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.90M | Jun 2004 | RWK vs ISCB | |
| Schwab U.S. Small-Cap ETF | 0.04% | 23.26B | Nov 2009 | RWK vs SCHA | |
| Vanguard Small-Cap ETF | 0.05% | 182.70B | Jan 2004 | RWK vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 109.39B | May 2000 | RWK vs IJR |
Best Risk-Adjusted Alternatives to RWK
RWK has a PortfoliosLab risk / return rank of 46. There are 53 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | RWK vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 90 | 1.36B | May 2007 | RWK vs FYX | |
| Fidelity Enhanced Small Cap Core ETF | 88 | 5.78B | Dec 2007 | RWK vs FESM | |
| Hartford Multifactor Small Cap ETF | 87 | 61.26M | Mar 2015 | RWK vs ROSC | |
| Invesco NASDAQ Future Gen 200 ETF | 85 | 21.99M | Oct 2022 | RWK vs QQQS |
Top Performing RWK Alternatives (YTD)
RWK is at 16.32% YTD. There are 45 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 53.33%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 53.33% | 1.43B | Nov 2008 | RWK vs TNA | |
| Invesco NASDAQ Future Gen 200 ETF | 28.18% | 21.99M | Oct 2022 | RWK vs QQQS | |
| Inspire Small/Mid Cap Impact ETF | 27.99% | 329.18M | Feb 2017 | RWK vs ISMD | |
| Allspring SMID Core ETF | 25.79% | 78.82M | Jul 2025 | RWK vs ASCE | |
| JPMorgan Fundamental Data Science Small Core ETF | 25.57% | 9.08M | Aug 2024 | RWK vs SCDS |
Lowest Volatility Alternatives to RWK
RWK has 16.55% 1-year volatility. There are 22 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.58% | — | Jun 2025 | RWK vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.56% | 34.63M | Apr 2020 | RWK vs HSMV | |
| Global X Russell 2000 Covered Call ETF | 10.68% | 1.36B | Apr 2019 | RWK vs RYLD | |
| CresAlta Small & Mid-Cap ETF | 11.19% | 88.99M | May 2026 | RWK vs CVSM | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.08% | 873.92M | Dec 2016 | RWK vs OUSM |
Lowest Drawdown Alternatives to RWK
RWK has a 1-year max drawdown of -11.14%. There are 53 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | RWK vs RB | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.36B | Apr 2019 | RWK vs RYLD | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | RWK vs WCEO | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | RWK vs SIXS | |
| VictoryShares US Small Cap High Dividend Volatilit... | -7.18% | 264.62M | Jul 2015 | RWK vs CSB |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | RWK vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | RWK vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | RWK vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | RWK vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | RWK vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | RWK vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | RWK vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | RWK vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | RWK vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | RWK vs PPA |
Often Compared With RWK
Investors most often compare RWK with RWJ, RFV, XMHQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare RWK with Any Fund or Stock
Compare RWK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RWK with funds that move differently
Invesco S&P MidCap 400 Revenue ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RWK.
Explore RWK Diversifiers