RFV vs. SMIG
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Value ETF (RFV) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).
RFV and SMIG 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. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021.
Performance
RFV vs. SMIG - Performance Comparison
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RFV vs. SMIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 2.24% | 7.66% | 5.63% | 30.26% | -3.99% | 3.91% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 2.39% | 0.78% | 17.63% | 13.62% | -11.83% | 5.51% |
Returns By Period
In the year-to-date period, RFV achieves a 2.24% return, which is significantly lower than SMIG's 2.39% return.
RFV
- 1D
- 1.99%
- 1M
- -3.38%
- YTD
- 2.24%
- 6M
- 2.35%
- 1Y
- 16.32%
- 3Y*
- 13.21%
- 5Y*
- 9.38%
- 10Y*
- 11.65%
SMIG
- 1D
- 1.38%
- 1M
- -6.05%
- YTD
- 2.39%
- 6M
- 0.02%
- 1Y
- 4.80%
- 3Y*
- 10.18%
- 5Y*
- —
- 10Y*
- —
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RFV vs. SMIG - Expense Ratio Comparison
RFV has a 0.35% expense ratio, which is lower than SMIG's 0.60% expense ratio.
Return for Risk
RFV vs. SMIG — Risk / Return Rank
RFV
SMIG
RFV vs. SMIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). 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.
| RFV | SMIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.30 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.14 | 0.54 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.44 | +0.62 |
Martin ratioReturn relative to average drawdown | 3.47 | 1.44 | +2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFV | SMIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.30 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.34 | +0.02 |
Correlation
The correlation between RFV and SMIG 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.
Dividends
RFV vs. SMIG - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 2.04%, more than SMIG's 1.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 2.04% | 2.07% | 1.31% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.85% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RFV vs. SMIG - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, which is greater than SMIG's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for RFV and SMIG.
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Drawdown Indicators
| RFV | SMIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.82% | -19.65% | -52.17% |
Max Drawdown (1Y)Largest decline over 1 year | -15.62% | -11.92% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | — | — |
Current DrawdownCurrent decline from peak | -8.48% | -7.01% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -6.72% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 3.67% | +1.11% |
Volatility
RFV vs. SMIG - Volatility Comparison
Invesco S&P MidCap 400® Pure Value ETF (RFV) has a higher volatility of 5.23% compared to Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) at 4.02%. This indicates that RFV's price experiences larger fluctuations and is considered to be riskier than SMIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFV | SMIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.02% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 8.36% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 15.98% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 16.33% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 16.33% | +8.72% |