RWJ vs. FSMD
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Fidelity Small-Mid Multifactor ETF (FSMD).
RWJ and FSMD 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. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019. Both RWJ and FSMD 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 FSMD.
Performance
RWJ vs. FSMD - Performance Comparison
Returns By Period
In the year-to-date period, RWJ achieves a 15.67% return, which is significantly lower than FSMD's 22.03% return.
RWJ
15.67%
5.12%
16.05%
31.21%
18.41%
10.95%
FSMD
22.03%
5.70%
16.08%
33.81%
12.62%
N/A
Key characteristics
| RWJ | FSMD | |
|---|---|---|
| Sharpe Ratio | 1.44 | 2.16 |
| Sortino Ratio | 2.17 | 3.05 |
| Omega Ratio | 1.26 | 1.38 |
| Calmar Ratio | 2.26 | 4.72 |
| Martin Ratio | 7.83 | 13.31 |
| Ulcer Index | 4.02% | 2.60% |
| Daily Std Dev | 21.79% | 15.98% |
| Max Drawdown | -55.97% | -40.67% |
| Current Drawdown | -2.59% | -1.40% |
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RWJ vs. FSMD - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Correlation
The correlation between RWJ and FSMD 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.
Risk-Adjusted Performance
RWJ vs. FSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Fidelity Small-Mid Multifactor ETF (FSMD). 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. FSMD - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.22%, more than FSMD's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.22% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.18% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RWJ vs. FSMD - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for RWJ and FSMD. For additional features, visit the drawdowns tool.
Volatility
RWJ vs. FSMD - Volatility Comparison
Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 7.62% compared to Fidelity Small-Mid Multifactor ETF (FSMD) at 6.12%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.