RFV vs. RWJ
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Value ETF (RFV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
RFV and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFV is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Value. It was launched on Mar 1, 2006. 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 RFV 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: RFV or RWJ.
Key characteristics
| RFV | RWJ | |
|---|---|---|
| YTD Return | -4.03% | -2.68% |
| 1Y Return | 24.65% | 15.14% |
| 3Y Return (Ann) | 7.78% | 2.61% |
| 5Y Return (Ann) | 11.89% | 13.79% |
| 10Y Return (Ann) | 9.93% | 9.78% |
| Sharpe Ratio | 1.19 | 0.63 |
| Daily Std Dev | 20.12% | 21.48% |
| Max Drawdown | -71.82% | -55.97% |
| Current Drawdown | -6.63% | -6.12% |
Correlation
The correlation between RFV 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
RFV vs. RWJ - Performance Comparison
In the year-to-date period, RFV achieves a -4.03% return, which is significantly lower than RWJ's -2.68% return. Both investments have delivered pretty close results over the past 10 years, with RFV having a 9.93% annualized return and RWJ not far behind at 9.78%. 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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RFV vs. RWJ - Expense Ratio Comparison
RFV has a 0.35% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
RFV vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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
RFV vs. RWJ - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 1.30%, which matches RWJ's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.30% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% | 1.19% | 0.80% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.31% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
RFV vs. RWJ - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for RFV and RWJ. For additional features, visit the drawdowns tool.
Volatility
RFV vs. RWJ - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® Pure Value ETF (RFV) is 5.41%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 6.13%. This indicates that RFV 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.