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.
Performance
DES vs. RWJ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with DES having a 18.62% return and RWJ slightly lower at 17.71%. Over the past 10 years, DES has underperformed RWJ with an annualized return of 7.91%, while RWJ has yielded a comparatively higher 11.17% annualized return.
DES
18.62%
9.25%
19.26%
32.41%
9.25%
7.91%
RWJ
17.71%
7.91%
17.31%
33.53%
18.81%
11.17%
Key characteristics
| DES | RWJ | |
|---|---|---|
| Sharpe Ratio | 1.64 | 1.53 |
| Sortino Ratio | 2.44 | 2.28 |
| Omega Ratio | 1.30 | 1.27 |
| Calmar Ratio | 3.61 | 2.41 |
| Martin Ratio | 8.56 | 8.35 |
| Ulcer Index | 3.79% | 4.02% |
| Daily Std Dev | 19.81% | 21.85% |
| Max Drawdown | -65.49% | -55.97% |
| Current Drawdown | 0.00% | -0.86% |
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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.
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.
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 2.70%, more than RWJ's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.54% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.55% | 2.68% | 2.44% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.20% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 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
WisdomTree U.S. SmallCap Dividend Fund (DES) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 8.12% and 7.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.