RWJ vs. EWMC
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco S&P MidCap 400® Equal Weight ETF (EWMC).
RWJ and EWMC 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. EWMC is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Equal Weight Index. It was launched on Dec 8, 2010. Both RWJ and EWMC 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: RWJ or EWMC.
Key characteristics
| RWJ | EWMC |
|---|
Correlation
The correlation between RWJ and EWMC is 0.88, 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
RWJ vs. EWMC - Performance Comparison
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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RWJ vs. EWMC - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is lower than EWMC's 0.40% expense ratio.
Risk-Adjusted Performance
RWJ vs. EWMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco S&P MidCap 400® Equal Weight ETF (EWMC). 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
RWJ vs. EWMC - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.30%, while EWMC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.30% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
EWMC Invesco S&P MidCap 400® Equal Weight ETF | 0.92% | 0.96% | 0.11% | 0.92% | 1.16% | 1.25% | 0.75% | 1.14% | 0.03% | 1.43% | 1.28% | 1.01% |
Drawdowns
RWJ vs. EWMC - Drawdown Comparison
Volatility
RWJ vs. EWMC - Volatility Comparison
Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 5.33% compared to Invesco S&P MidCap 400® Equal Weight ETF (EWMC) at 0.00%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than EWMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.