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RWJ vs. DGRS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RWJ vs. DGRS

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

RWJ and DGRS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. SmallCap Quality Dividend Growth Index. It was launched on Jul 25, 2013. Both RWJ and DGRS 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

RWJ vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). The values are adjusted to include any dividend payments, if applicable.

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RWJ vs. DGRS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWJ
Invesco S&P SmallCap 600 Revenue ETF		4.08%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund		7.71%-0.43%10.40%21.16%-13.11%23.11%7.86%24.20%-10.75%7.25%

Returns By Period

In the year-to-date period, RWJ achieves a 4.08% return, which is significantly lower than DGRS's 7.71% return. Over the past 10 years, RWJ has outperformed DGRS with an annualized return of 12.14%, while DGRS has yielded a comparatively lower 9.19% annualized return.

RWJ

1D
0.12%
1M
-3.36%
YTD
4.08%
6M
4.51%
1Y
25.44%
3Y*
11.97%
5Y*
6.89%
10Y*
12.14%

DGRS

1D
0.55%
1M
-3.85%
YTD
7.71%
6M
7.61%
1Y
16.95%
3Y*
11.33%
5Y*
5.47%
10Y*
9.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap 600 Revenue ETF

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. RZVRWJ vs. XSVMRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMD
Often compared with DGRS:
DGRS vs. DGRWDGRS vs. RMTDGRS vs. XSVMDGRS vs. SCHDDGRS vs. SPYDGRS vs. VBDGRS vs. VBR

RWJ vs. DGRS - Expense Ratio Comparison

RWJ has a 0.39% expense ratio, which is higher than DGRS's 0.38% expense ratio.

RWJ
Invesco S&P SmallCap 600 Revenue ETF
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund

Return for Risk

RWJ vs. DGRS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWJ
RWJ Risk / Return Rank: 5656
Overall Rank
RWJ Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 5959
Sortino Ratio Rank
RWJ Omega Ratio Rank: 5353
Omega Ratio Rank
RWJ Calmar Ratio Rank: 6060
Calmar Ratio Rank
RWJ Martin Ratio Rank: 5656
Martin Ratio Rank
DGRS
DGRS Risk / Return Rank: 4141
Overall Rank
DGRS Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
DGRS Sortino Ratio Rank: 4242
Sortino Ratio Rank
DGRS Omega Ratio Rank: 3737
Omega Ratio Rank
DGRS Calmar Ratio Rank: 4545
Calmar Ratio Rank
DGRS Martin Ratio Rank: 4242
Martin Ratio Rank
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.

RWJ vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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.

RWJDGRSDifference

Sharpe ratio

Return per unit of total volatility

1.01

0.77

+0.24

Sortino ratio

Return per unit of downside risk

1.56

1.25

+0.31

Omega ratio

Gain probability vs. loss probability

1.21

1.16

+0.05

Calmar ratio

Return relative to maximum drawdown

1.59

1.25

+0.34

Martin ratio

Return relative to average drawdown

5.68

4.18

+1.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWJ vs. DGRS - Sharpe Ratio Comparison

The current RWJ Sharpe Ratio is 1.01, which is higher than the DGRS Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of RWJ and DGRS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RWJDGRSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

0.77

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.27

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.39

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.39

+0.05

Correlation

The correlation between RWJ and DGRS is 0.92, 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

RWJ vs. DGRS - Dividend Comparison

RWJ's dividend yield for the trailing twelve months is around 1.13%, less than DGRS's 2.39% yield.

TTM20252024202320222021202020192018201720162015
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%
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund		2.39%2.68%2.15%2.36%2.88%2.19%2.32%2.39%2.64%1.90%1.82%2.55%

Drawdowns

RWJ vs. DGRS - Drawdown Comparison

The maximum RWJ drawdown since its inception was -55.97%, which is greater than DGRS's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for RWJ and DGRS.

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Drawdown Indicators

RWJDGRSDifference

Max Drawdown

Largest peak-to-trough decline

-55.97%

-44.83%

-11.14%

Max Drawdown (1Y)

Largest decline over 1 year

-16.11%

-14.03%

-2.08%

Max Drawdown (5Y)

Largest decline over 5 years

-29.29%

-27.57%

-1.72%

Max Drawdown (10Y)

Largest decline over 10 years

-51.33%

-44.83%

-6.50%

Current Drawdown

Current decline from peak

-7.38%

-5.39%

-1.99%

Average Drawdown

Average peak-to-trough decline

-9.31%

-6.80%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.52%

4.19%

+0.33%

Volatility

RWJ vs. DGRS - Volatility Comparison

Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 6.11% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 4.78%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RWJDGRSDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

4.78%

+1.33%

Volatility (6M)

Calculated over the trailing 6-month period

13.97%

12.48%

+1.49%

Volatility (1Y)

Calculated over the trailing 1-year period

25.39%

22.24%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.88%

20.51%

+3.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.16%

23.63%

+2.53%