OUSM vs. RWJ
Compare and contrast key facts about OShares U.S. Small-Cap Quality Dividend ETF (OUSM) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
OUSM and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OUSM is a passively managed fund by O'Shares Investments that tracks the performance of the O'Shares US Small-Cap Quality Dividend Index. It was launched on Dec 30, 2016. 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 OUSM 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: OUSM or RWJ.
Key characteristics
| OUSM | RWJ | |
|---|---|---|
| YTD Return | 20.12% | 16.64% |
| 1Y Return | 35.49% | 39.50% |
| 3Y Return (Ann) | 9.31% | 4.77% |
| 5Y Return (Ann) | 12.04% | 18.44% |
| Sharpe Ratio | 2.41 | 1.73 |
| Sortino Ratio | 3.48 | 2.56 |
| Omega Ratio | 1.42 | 1.30 |
| Calmar Ratio | 5.00 | 2.18 |
| Martin Ratio | 14.94 | 9.82 |
| Ulcer Index | 2.37% | 3.98% |
| Daily Std Dev | 14.64% | 22.62% |
| Max Drawdown | -39.84% | -55.97% |
| Current Drawdown | -0.92% | -1.77% |
Correlation
The correlation between OUSM and RWJ is 0.87, 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
OUSM vs. RWJ - Performance Comparison
In the year-to-date period, OUSM achieves a 20.12% return, which is significantly higher than RWJ's 16.64% 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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OUSM vs. RWJ - Expense Ratio Comparison
OUSM has a 0.48% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
OUSM vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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
OUSM vs. RWJ - Dividend Comparison
OUSM's dividend yield for the trailing twelve months is around 1.25%, more than RWJ's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OUSM OShares U.S. Small-Cap Quality Dividend ETF | 1.25% | 1.64% | 1.99% | 1.55% | 2.02% | 1.99% | 2.62% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.21% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
Drawdowns
OUSM vs. RWJ - Drawdown Comparison
The maximum OUSM drawdown since its inception was -39.84%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for OUSM and RWJ. For additional features, visit the drawdowns tool.
Volatility
OUSM vs. RWJ - Volatility Comparison
The current volatility for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) is 5.12%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 7.94%. This indicates that OUSM 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.