DES vs. RWJ
Compare and contrast key facts about WisdomTree U.S. SmallCap Dividend Fund (DES) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
DES and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both DES and RWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DES or RWJ.
Key characteristics
| DES | RWJ | |
|---|---|---|
| YTD Return | -2.20% | -2.13% |
| 1Y Return | 16.53% | 13.70% |
| 3Y Return (Ann) | 2.00% | 2.64% |
| 5Y Return (Ann) | 5.08% | 13.91% |
| 10Y Return (Ann) | 6.48% | 9.86% |
| Sharpe Ratio | 0.97 | 0.74 |
| Daily Std Dev | 19.22% | 21.44% |
| Max Drawdown | -65.49% | -55.97% |
| Current Drawdown | -4.13% | -5.58% |
Correlation
The correlation between DES and RWJ is 0.90, 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.
Performance
DES vs. RWJ - Performance Comparison
The year-to-date returns for both investments are quite close, with DES having a -2.20% return and RWJ slightly higher at -2.13%. Over the past 10 years, DES has underperformed RWJ with an annualized return of 6.48%, while RWJ has yielded a comparatively higher 9.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DES vs. RWJ - Expense Ratio Comparison
DES has a 0.38% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
DES vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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.
Dividends
DES vs. RWJ - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.84%, more than RWJ's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.84% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 2.94% | 2.68% | 2.45% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.30% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
DES vs. RWJ - Drawdown Comparison
The maximum DES drawdown since its inception was -65.49%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for DES and RWJ. For additional features, visit the drawdowns tool.
Volatility
DES vs. RWJ - Volatility Comparison
The current volatility for WisdomTree U.S. SmallCap Dividend Fund (DES) is 4.96%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 5.33%. This indicates that DES experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.