REBYX vs. EDOW

Last updated Aug 1, 2026

REBYX (Russell Investments U.S. Small Cap Equity Fund) and EDOW (First Trust Dow 30 Equal Weight ETF) are both funds - REBYX is a Small Cap Blend Equities fund managed by Russell, while EDOW is a Large Cap Blend Equities fund tracking the Dow Jones Industrail Average Equal Weight TR. Over the past 5 years, REBYX returned 7.26%/yr vs 9.82%/yr for EDOW. Their 0.76 correlation means they have sometimes moved together and sometimes differently. REBYX charges 0.90%/yr vs 0.50%/yr for EDOW.

Performance

REBYX vs. EDOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments U.S. Small Cap Equity Fund (REBYX) and First Trust Dow 30 Equal Weight ETF (EDOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REBYX achieves a 20.86% return, which is significantly higher than EDOW's 10.49% return.

REBYX

• 1D: 0.91%
• 1M: -1.53%
• 6M: 15.28%
• YTD: 20.86%
• 1Y: 37.68%
• 3Y*: 13.16%
• 5Y*: 7.26%
• 10Y*: 9.23%
• ALL TIME*: 7.97%

EDOW

• 1D: 0.78%
• 1M: 0.84%
• 6M: 7.82%
• YTD: 10.49%
• 1Y: 21.11%
• 3Y*: 15.32%
• 5Y*: 9.82%
• 10Y*: —
• ALL TIME*: 11.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDOW First Trust Dow 30 Equal Weight ETF	$755.60K	$679.73K	$683.44K
REBYX Russell Investments U.S. Small Cap Equity Fund	$0.00	$0.00	$0.00

REBYX vs. EDOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REBYX Russell Investments U.S. Small Cap Equity Fund	20.86%	8.86%	8.16%	13.81%	-16.14%	26.28%	13.04%	23.74%	-12.22%	-1.86%
EDOW First Trust Dow 30 Equal Weight ETF	10.49%	15.46%	13.17%	15.47%	-7.45%	18.82%	6.64%	24.69%	-2.04%	11.90%

Correlation

The correlation between REBYX and EDOW is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017	0.76

The correlation between REBYX and EDOW shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

REBYX vs. EDOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

REBYX

REBYX Risk / Return Rank: 84
REBYX Sharpe Ratio Rank: 81
REBYX Sortino Ratio Rank: 80
REBYX Omega Ratio Rank: 75
REBYX Calmar Ratio Rank: 93
REBYX Martin Ratio Rank: 92

EDOW

EDOW Risk / Return Rank: 76
EDOW Sharpe Ratio Rank: 81
EDOW Sortino Ratio Rank: 83
EDOW Omega Ratio Rank: 78
EDOW Calmar Ratio Rank: 66
EDOW Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

REBYX vs. EDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments U.S. Small Cap Equity Fund (REBYX) and First Trust Dow 30 Equal Weight ETF (EDOW). 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.

	REBYX	EDOW	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.85	+0.05
Sortino ratio: Return per unit of downside risk	2.78	2.72	+0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	3.72	2.30	+1.42
Martin ratio: Return relative to average drawdown	13.07	8.62	+4.45

REBYX vs. EDOW - Sharpe Ratio Comparison

The current REBYX Sharpe Ratio is 1.90, which is comparable to the EDOW Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of REBYX and EDOW, 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

REBYX vs. EDOW - Drawdown Comparison

The maximum REBYX drawdown since its inception was -62.03%, which is greater than EDOW's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for REBYX and EDOW.

Drawdown Indicators

	REBYX	EDOW	Difference
Max Drawdown Largest peak-to-trough decline	-62.03%	-33.72%	-28.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-8.73%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-32.68%	-15.51%	-17.17%
Max Drawdown (5Y) Largest decline over 5 years	-32.68%	-21.98%	-10.70%
Max Drawdown (10Y) Largest decline over 10 years	-44.79%	—	—
Current Drawdown Current decline from peak	-2.92%	-0.42%	-2.50%
Average Drawdown Average peak-to-trough decline	-11.11%	-4.02%	-7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.33%	+0.28%

Volatility

REBYX vs. EDOW - Volatility Comparison

Russell Investments U.S. Small Cap Equity Fund (REBYX) and First Trust Dow 30 Equal Weight ETF (EDOW) have volatilities of 3.86% and 3.75%, 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

	REBYX	EDOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.75%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	8.52%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	10.93%	+6.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.73%	14.23%	+8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.48%	17.65%	+5.83%

REBYX vs. EDOW - Expense Ratio Comparison

REBYX has a 0.90% expense ratio, which is higher than EDOW's 0.50% expense ratio.

Dividends

REBYX vs. EDOW - Dividend Comparison

REBYX's dividend yield for the trailing twelve months is around 6.85%, more than EDOW's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDOW First Trust Dow 30 Equal Weight ETF	1.24%	1.31%	1.65%	1.93%	1.91%	1.52%	1.84%	1.88%	1.82%	0.75%	0.00%	0.00%
REBYX Russell Investments U.S. Small Cap Equity Fund	6.85%	8.28%	13.03%	2.64%	5.30%	31.12%	0.64%	4.46%	18.61%	0.33%	0.88%	8.23%

Frequently Asked Questions

Can I hold both REBYX and EDOW in my portfolio?

REBYX and EDOW have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REBYX or EDOW?

REBYX has higher volatility (3.86%) compared to EDOW (3.75%). In terms of maximum drawdown, REBYX dropped -62.03% vs EDOW's -33.72%.

Which has better risk-adjusted returns?

REBYX currently has the higher Sharpe Ratio (1.90 vs 1.85), 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.