EES vs. RWJ
Compare and contrast key facts about WisdomTree U.S. SmallCap Fund (EES) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
EES and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Small Cap Index. It was launched on Feb 23, 2007. 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 EES 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: EES or RWJ.
Key characteristics
| EES | RWJ | |
|---|---|---|
| YTD Return | -3.21% | -1.50% |
| 1Y Return | 21.30% | 18.71% |
| 3Y Return (Ann) | 0.98% | 2.35% |
| 5Y Return (Ann) | 6.36% | 13.96% |
| 10Y Return (Ann) | 7.79% | 10.03% |
| Sharpe Ratio | 0.93 | 0.76 |
| Daily Std Dev | 20.39% | 21.42% |
| Max Drawdown | -63.66% | -55.97% |
| Current Drawdown | -7.00% | -4.98% |
Correlation
The correlation between EES and RWJ is 0.92, 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
EES vs. RWJ - Performance Comparison
In the year-to-date period, EES achieves a -3.21% return, which is significantly lower than RWJ's -1.50% return. Over the past 10 years, EES has underperformed RWJ with an annualized return of 7.79%, while RWJ has yielded a comparatively higher 10.03% 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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EES vs. RWJ - Expense Ratio Comparison
EES has a 0.38% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
EES vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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
EES vs. RWJ - Dividend Comparison
EES's dividend yield for the trailing twelve months is around 1.28%, which matches RWJ's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EES WisdomTree U.S. SmallCap Fund | 1.28% | 1.18% | 1.12% | 1.69% | 1.29% | 1.31% | 1.81% | 0.93% | 1.02% | 1.38% | 0.99% | 0.78% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.29% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
EES vs. RWJ - Drawdown Comparison
The maximum EES drawdown since its inception was -63.66%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for EES and RWJ. For additional features, visit the drawdowns tool.
Volatility
EES vs. RWJ - Volatility Comparison
WisdomTree U.S. SmallCap Fund (EES) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 5.58% and 5.79%, 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.