MIDE vs. RWJ

Last updated Jun 23, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and RWJ (Invesco S&P SmallCap 600 Revenue ETF) are both exchange-traded funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, while RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted Index. Both are passively managed. Over the past 5 years, MIDE returned 8.90%/yr vs 8.90%/yr for RWJ. Their correlation of 0.92 suggests significant overlap in exposure. MIDE charges 0.15%/yr vs 0.39%/yr for RWJ.

Performance

MIDE vs. RWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 15.21% return, which is significantly lower than RWJ's 19.22% return.

MIDE

• 1D: 0.38%
• 1M: 3.39%
• YTD: 15.21%
• 6M: 13.01%
• 1Y: 29.37%
• 3Y*: 16.41%
• 5Y*: 8.90%
• 10Y*: —

RWJ

• 1D: -0.70%
• 1M: 4.86%
• YTD: 19.22%
• 6M: 17.01%
• 1Y: 39.78%
• 3Y*: 18.22%
• 5Y*: 8.90%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIDE vs. RWJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MIDE Xtrackers S&P MidCap 400 ESG ETF	15.21%	9.81%	11.21%	15.20%	-11.63%	11.80%
RWJ Invesco S&P SmallCap 600 Revenue ETF	19.22%	7.75%	11.81%	16.21%	-10.97%	23.72%

Correlation

The correlation between MIDE and RWJ 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	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.92

The correlation between MIDE and RWJ has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

MIDE vs. RWJ - Sectors Allocation Comparison

Sectors	MIDE	RWJ
Industrials	21.9%	16.0%
Technology	18.6%	11.2%
Financial Services	15.1%	10.7%
Consumer Cyclical	10.9%	23.9%
Healthcare	9.0%	11.0%
Real Estate	8.4%	3.9%
Energy	5.4%	7.2%
Basic Materials	4.5%	5.0%
Consumer Defensive	3.3%	6.8%
Utilities	1.7%	0.8%
Communication Services	1.2%	3.5%

Return for Risk

MIDE vs. RWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIDE

MIDE Risk / Return Rank: 59
MIDE Sharpe Ratio Rank: 56
MIDE Sortino Ratio Rank: 57
MIDE Omega Ratio Rank: 53
MIDE Calmar Ratio Rank: 65
MIDE Martin Ratio Rank: 64

RWJ

RWJ Risk / Return Rank: 66
RWJ Sharpe Ratio Rank: 65
RWJ Sortino Ratio Rank: 67
RWJ Omega Ratio Rank: 59
RWJ Calmar Ratio Rank: 72
RWJ Martin Ratio Rank: 64

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.

MIDE vs. RWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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.

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.

	MIDE	RWJ	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.06	-0.22
Sortino ratio: Return per unit of downside risk	2.63	2.96	-0.33
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	3.15	3.53	-0.38
Martin ratio: Return relative to average drawdown	11.21	11.35	-0.14

MIDE vs. RWJ - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.84, which is comparable to the RWJ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MIDE and RWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIDE vs. RWJ - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for MIDE and RWJ.

Drawdown Indicators

	MIDE	RWJ	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-55.97%	+31.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-11.31%	+1.95%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-29.29%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	-29.29%	+4.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.33%	—
Current Drawdown Current decline from peak	-0.14%	-1.51%	+1.37%
Average Drawdown Average peak-to-trough decline	-6.44%	-9.21%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.52%	-0.89%

Volatility

MIDE vs. RWJ - Volatility Comparison

Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 4.45% and 4.66%, 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.

Volatility by Period

	MIDE	RWJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.66%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	12.61%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	19.43%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	23.66%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	26.16%	-6.51%

MIDE vs. RWJ - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than RWJ's 0.39% expense ratio.

Dividends

MIDE vs. RWJ - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.26%, which matches RWJ's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.26%	1.52%	1.45%	1.36%	1.33%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWJ Invesco S&P SmallCap 600 Revenue ETF	1.25%	1.11%	1.15%	1.34%	1.02%	0.61%	0.89%	1.22%	1.44%	1.11%	0.60%	0.74%

Frequently Asked Questions

Can I hold both MIDE and RWJ in my portfolio?

MIDE and RWJ 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.

Which is riskier, MIDE or RWJ?

RWJ has higher volatility (4.66%) compared to MIDE (4.45%). In terms of maximum drawdown, MIDE dropped -24.59% vs RWJ's -55.97%.

Which ETF is better, MIDE or RWJ?

On 5-year performance, RWJ leads with 8.90% vs 8.90% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or RWJ?

Over the 5-year period, RWJ has performed better with a 8.90% return vs 8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or RWJ?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.39% for RWJ.

Which ETF pays a higher dividend yield, MIDE or RWJ?

MIDE and RWJ have nearly identical dividend yields, around 1.26%.

What is the main difference between MIDE and RWJ?

MIDE is categorized as Mid Cap Blend Equities, while RWJ is Small Cap Value Equities. MIDE tracks S&P MidCap 400 ESG Index, while RWJ tracks S&P SmallCap 600 Revenue-Weighted Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.15% for MIDE and 0.39% for RWJ.

Which has better risk-adjusted returns?

RWJ currently has the higher Sharpe Ratio (2.06 vs 1.84), 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.