PID vs. RWJ
Compare and contrast key facts about Invesco International Dividend Achievers™ ETF (PID) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
PID and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. 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 PID 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: PID or RWJ.
Key characteristics
| PID | RWJ | |
|---|---|---|
| YTD Return | 6.09% | 15.81% |
| 1Y Return | 15.06% | 30.87% |
| 3Y Return (Ann) | 4.79% | 4.51% |
| 5Y Return (Ann) | 6.65% | 18.12% |
| 10Y Return (Ann) | 4.18% | 11.12% |
| Sharpe Ratio | 1.50 | 1.70 |
| Sortino Ratio | 2.15 | 2.53 |
| Omega Ratio | 1.27 | 1.30 |
| Calmar Ratio | 2.07 | 2.65 |
| Martin Ratio | 8.03 | 9.68 |
| Ulcer Index | 2.30% | 3.98% |
| Daily Std Dev | 12.32% | 22.63% |
| Max Drawdown | -66.34% | -55.97% |
| Current Drawdown | -5.16% | -2.46% |
Correlation
The correlation between PID and RWJ is 0.72, 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
PID vs. RWJ - Performance Comparison
In the year-to-date period, PID achieves a 6.09% return, which is significantly lower than RWJ's 15.81% return. Over the past 10 years, PID has underperformed RWJ with an annualized return of 4.18%, while RWJ has yielded a comparatively higher 11.12% 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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PID vs. RWJ - Expense Ratio Comparison
PID has a 0.56% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
PID vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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
PID vs. RWJ - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.78%, more than RWJ's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.78% | 3.31% | 3.29% | 3.29% | 3.17% | 4.00% | 3.86% | 3.46% | 3.91% | 4.48% | 3.92% | 2.17% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.22% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
Drawdowns
PID vs. RWJ - Drawdown Comparison
The maximum PID drawdown since its inception was -66.34%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for PID and RWJ. For additional features, visit the drawdowns tool.
Volatility
PID vs. RWJ - Volatility Comparison
The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 2.99%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 8.00%. This indicates that PID 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.