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EZM vs. RFV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZM vs. RFV

Last updated Jun 23, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and RFV (Invesco S&P MidCap 400® Pure Value ETF) are both exchange-traded funds - EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap Index, while RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value. Both are passively managed. Over the past 10 years, EZM returned 11.24%/yr vs 12.75%/yr for RFV. Their correlation of 0.89 suggests significant overlap in exposure. EZM charges 0.38%/yr vs 0.35%/yr for RFV.

Performance

EZM vs. RFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) and Invesco S&P MidCap 400® Pure Value ETF (RFV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with EZM having a 12.38% return and RFV slightly higher at 12.44%. Over the past 10 years, EZM has underperformed RFV with an annualized return of 11.24%, while RFV has yielded a comparatively higher 12.75% annualized return.

EZM

1D
0.21%
1M
3.10%
YTD
12.38%
6M
10.19%
1Y
25.48%
3Y*
15.48%
5Y*
9.03%
10Y*
11.24%

RFV

1D
0.15%
1M
3.08%
YTD
12.44%
6M
10.55%
1Y
22.29%
3Y*
15.14%
5Y*
11.17%
10Y*
12.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZM vs. RFV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZM
WisdomTree U.S. MidCap Earnings Fund		12.38%8.42%10.29%19.69%-12.22%31.00%5.57%24.48%-12.36%17.37%
RFV
Invesco S&P MidCap 400® Pure Value ETF		12.44%7.66%5.63%30.26%-3.99%33.02%9.61%24.98%-18.56%14.74%

Correlation

The correlation between EZM and RFV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2007

0.89

The correlation between EZM and RFV has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

EZM vs. RFV - Sectors Allocation Comparison

Sectors
EZM
RFV

Financial Services

19.0%
17.4%

Industrials

16.4%
11.7%

Consumer Cyclical

15.2%
25.5%

Technology

13.6%
14.2%

Healthcare

9.9%
0.6%

Energy

6.4%
12.1%

Consumer Defensive

5.1%
7.4%

Real Estate

5.0%
3.5%

Basic Materials

4.4%
7.6%

Utilities

3.2%

-

Communication Services

1.9%

-

Financial Services

EZM
19.0%
RFV
17.4%

Industrials

EZM
16.4%
RFV
11.7%

Consumer Cyclical

EZM
15.2%
RFV
25.5%

Technology

EZM
13.6%
RFV
14.2%

Healthcare

EZM
9.9%
RFV
0.6%

Energy

EZM
6.4%
RFV
12.1%

Consumer Defensive

EZM
5.1%
RFV
7.4%

Real Estate

EZM
5.0%
RFV
3.5%

Basic Materials

EZM
4.4%
RFV
7.6%

Utilities

EZM
3.2%
RFV

-

Communication Services

EZM
1.9%
RFV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. MidCap Earnings Fund

Invesco S&P MidCap 400® Pure Value ETF

Often compared with EZM:
EZM vs. JHQAXEZM vs. IQDGEZM vs. REGLEZM vs. SPMDEZM vs. IMCGEZM vs. FLQMEZM vs. MDYV
Often compared with RFV:
RFV vs. XMMORFV vs. RPVRFV vs. RFGRFV vs. XMHQRFV vs. RWKRFV vs. XMVMRFV vs. RWJ

Return for Risk

EZM vs. RFV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZM
EZM Risk / Return Rank: 5555
Overall Rank
EZM Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
EZM Sortino Ratio Rank: 5555
Sortino Ratio Rank
EZM Omega Ratio Rank: 4848
Omega Ratio Rank
EZM Calmar Ratio Rank: 6161
Calmar Ratio Rank
EZM Martin Ratio Rank: 5858
Martin Ratio Rank
RFV
RFV Risk / Return Rank: 3636
Overall Rank
RFV Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
RFV Sortino Ratio Rank: 3838
Sortino Ratio Rank
RFV Omega Ratio Rank: 3434
Omega Ratio Rank
RFV Calmar Ratio Rank: 3737
Calmar Ratio Rank
RFV Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZM vs. RFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) and Invesco S&P MidCap 400® Pure Value ETF (RFV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EZMRFVDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.24

+0.46

Sortino ratioReturn per unit of downside risk
2.58
1.92

+0.66

Omega ratioGain probability vs. loss probability

1.30

1.22

+0.08

Calmar ratioReturn relative to maximum drawdown

2.94

1.79

+1.15

Martin ratioReturn relative to average drawdown

9.98

5.27

+4.71

EZM vs. RFV - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.70, which is higher than the RFV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of EZM and RFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EZM vs. RFV - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for EZM and RFV.

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Drawdown Indicators

EZMRFVDifference

Max Drawdown

Largest peak-to-trough decline

-59.58%

-71.82%

+12.24%

Max Drawdown (1Y)

Largest decline over 1 year

-8.70%

-12.51%

+3.81%

Max Drawdown (3Y)

Largest decline over 3 years

-23.53%

-24.65%

+1.12%

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

-24.65%

+1.12%

Max Drawdown (10Y)

Largest decline over 10 years

-47.26%

-52.24%

+4.98%

Current Drawdown

Current decline from peak

-0.57%

-2.61%

+2.04%

Average Drawdown

Average peak-to-trough decline

-8.25%

-9.77%

+1.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

4.24%

-1.68%

Volatility

EZM vs. RFV - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Earnings Fund (EZM) is 4.00%, while Invesco S&P MidCap 400® Pure Value ETF (RFV) has a volatility of 4.26%. This indicates that EZM experiences smaller price fluctuations and is considered to be less risky than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EZMRFVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

4.26%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

10.53%

11.90%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

18.05%

-2.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.40%

21.98%

-1.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.37%

24.99%

-2.62%

EZM vs. RFV - Expense Ratio Comparison

EZM has a 0.38% expense ratio, which is higher than RFV's 0.35% expense ratio.

Dividends

EZM vs. RFV - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.24%, less than RFV's 2.24% yield.

PositionTTM20252024202320222021202020192018201720162015
EZM
WisdomTree U.S. MidCap Earnings Fund		1.24%1.39%1.22%1.25%1.57%1.08%1.67%1.34%1.57%1.14%1.55%1.30%
RFV
Invesco S&P MidCap 400® Pure Value ETF		2.24%2.07%1.31%1.27%2.05%1.60%1.52%1.71%1.39%1.36%0.88%1.79%

Frequently Asked Questions

EZM and RFV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RFV has higher volatility (4.26%) compared to EZM (4.00%). In terms of maximum drawdown, EZM dropped -59.58% vs RFV's -71.82%.

On 10-year performance, RFV leads with 12.75% vs 11.24% for EZM. On fees, RFV is cheaper at 0.35% per year. On volatility, EZM has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RFV has performed better with a 12.75% return vs 11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RFV is cheaper with a 0.35% expense ratio, compared with 0.38% for EZM.

RFV has the higher dividend yield at 2.24%, compared with 1.24% for EZM.

EZM is categorized as Mid Cap Blend Equities, while RFV is Small Cap Value Equities. EZM tracks WisdomTree U.S. MidCap Index, while RFV tracks S&P Mid Cap 400 Pure Value. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for EZM and 0.35% for RFV.

EZM currently has the higher Sharpe Ratio (1.70 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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