PID vs. RWJ

Last updated Apr 1, 2026

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.

Performance

PID vs. RWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Dividend Achievers™ ETF (PID) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

PID vs. RWJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PID Invesco International Dividend Achievers™ ETF	2.04%	24.45%	3.08%	14.28%	-6.48%	24.49%	-6.56%	25.87%	-11.46%	19.05%
RWJ Invesco S&P SmallCap 600 Revenue ETF	3.96%	7.75%	11.81%	16.21%	-10.97%	52.82%	20.83%	20.29%	-16.95%	5.30%

Returns By Period

In the year-to-date period, PID achieves a 2.04% return, which is significantly lower than RWJ's 3.96% return. Over the past 10 years, PID has underperformed RWJ with an annualized return of 8.98%, while RWJ has yielded a comparatively higher 12.12% annualized return.

PID

• 1D: 2.07%
• 1M: -5.36%
• YTD: 2.04%
• 6M: 6.12%
• 1Y: 20.87%
• 3Y*: 11.55%
• 5Y*: 9.53%
• 10Y*: 8.98%

RWJ

• 1D: 2.60%
• 1M: -3.49%
• YTD: 3.96%
• 6M: 5.17%
• 1Y: 25.54%
• 3Y*: 11.93%
• 5Y*: 6.87%
• 10Y*: 12.12%

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

PID vs. RWJ - Expense Ratio Comparison

PID has a 0.56% expense ratio, which is higher than RWJ's 0.39% expense ratio.

PID

Invesco International Dividend Achievers™ ETF

RWJ

Invesco S&P SmallCap 600 Revenue ETF

Return for Risk

PID vs. RWJ — Risk / Return Rank

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

PID

PID Risk / Return Rank: 86
PID Sharpe Ratio Rank: 84
PID Sortino Ratio Rank: 88
PID Omega Ratio Rank: 86
PID Calmar Ratio Rank: 83
PID Martin Ratio Rank: 87

RWJ

RWJ Risk / Return Rank: 62
RWJ Sharpe Ratio Rank: 60
RWJ Sortino Ratio Rank: 64
RWJ Omega Ratio Rank: 59
RWJ Calmar Ratio Rank: 66
RWJ Martin Ratio Rank: 61

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.

PID vs. RWJ - Risk-Adjusted Trends 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.

	PID	RWJ	Difference
Sharpe ratio Return per unit of total volatility	1.64	1.01	+0.63
Sortino ratio Return per unit of downside risk	2.39	1.57	+0.83
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.36	1.59	+0.78
Martin ratio Return relative to average drawdown	10.33	5.69	+4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PID vs. RWJ - Sharpe Ratio Comparison

The current PID Sharpe Ratio is 1.64, which is higher than the RWJ Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of PID and RWJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PID	RWJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.01	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.29	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.46	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.44	-0.17

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.

Dividends

PID vs. RWJ - Dividend Comparison

PID's dividend yield for the trailing twelve months is around 3.38%, more than RWJ's 1.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PID Invesco International Dividend Achievers™ ETF	3.38%	3.28%	3.88%	3.31%	3.30%	3.30%	3.16%	3.99%	3.87%	3.46%	3.90%	4.48%
RWJ Invesco S&P SmallCap 600 Revenue ETF	1.13%	1.11%	1.15%	1.34%	1.02%	0.61%	0.89%	1.22%	1.44%	1.11%	0.60%	0.74%

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.

Drawdown Indicators

	PID	RWJ	Difference
Max Drawdown Largest peak-to-trough decline	-66.34%	-55.97%	-10.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-16.11%	+7.28%
Max Drawdown (5Y) Largest decline over 5 years	-22.97%	-29.29%	+6.32%
Max Drawdown (10Y) Largest decline over 10 years	-46.07%	-51.33%	+5.26%
Current Drawdown Current decline from peak	-5.36%	-7.49%	+2.13%
Average Drawdown Average peak-to-trough decline	-13.12%	-9.31%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	4.50%	-2.48%

Volatility

PID vs. RWJ - Volatility Comparison

The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 3.80%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 6.15%. 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.

Volatility by Period

	PID	RWJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	6.15%	-2.35%
Volatility (6M) Calculated over the trailing 6-month period	7.11%	13.97%	-6.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	25.39%	-12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	23.88%	-9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	26.16%	-8.17%