RWJ vs. HSCSX

Last updated Jun 4, 2026

RWJ (Invesco S&P SmallCap 600 Revenue ETF) and HSCSX (Homestead Small Company Stock Fund) are both funds - RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted Index, while HSCSX is a Small Cap Blend Equities fund managed by Homestead. Over the past 10 years, RWJ returned 13.02%/yr vs 6.72%/yr for HSCSX. Their correlation of 0.88 suggests significant overlap in exposure. RWJ charges 0.39%/yr vs 1.06%/yr for HSCSX.

Performance

RWJ vs. HSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Homestead Small Company Stock Fund (HSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWJ achieves a 15.88% return, which is significantly higher than HSCSX's 7.78% return. Over the past 10 years, RWJ has outperformed HSCSX with an annualized return of 13.02%, while HSCSX has yielded a comparatively lower 6.72% annualized return.

RWJ

• 1D: -1.07%
• 1M: 1.90%
• YTD: 15.88%
• 6M: 14.97%
• 1Y: 36.55%
• 3Y*: 16.43%
• 5Y*: 7.73%
• 10Y*: 13.02%

HSCSX

• 1D: 0.82%
• 1M: 1.18%
• YTD: 7.78%
• 6M: 7.69%
• 1Y: 18.23%
• 3Y*: 10.06%
• 5Y*: 3.19%
• 10Y*: 6.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RWJ vs. HSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWJ Invesco S&P SmallCap 600 Revenue ETF	15.88%	7.75%	11.81%	16.21%	-10.97%	52.82%	20.83%	20.29%	-16.95%	5.30%
HSCSX Homestead Small Company Stock Fund	7.78%	0.54%	8.52%	17.21%	-16.97%	20.38%	22.25%	22.41%	-27.09%	12.03%

Correlation

The correlation between RWJ and HSCSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 25, 2008	0.88

The correlation between RWJ and HSCSX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

RWJ vs. HSCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWJ

RWJ Risk / Return Rank: 57
RWJ Sharpe Ratio Rank: 55
RWJ Sortino Ratio Rank: 57
RWJ Omega Ratio Rank: 52
RWJ Calmar Ratio Rank: 65
RWJ Martin Ratio Rank: 58

HSCSX

HSCSX Risk / Return Rank: 20
HSCSX Sharpe Ratio Rank: 15
HSCSX Sortino Ratio Rank: 17
HSCSX Omega Ratio Rank: 14
HSCSX Calmar Ratio Rank: 26
HSCSX Martin Ratio Rank: 26

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. HSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Homestead Small Company Stock Fund (HSCSX). 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.

	RWJ	HSCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.10	+0.79
Sortino ratio: Return per unit of downside risk	2.75	1.71	+1.04
Omega ratio: Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio: Return relative to maximum drawdown	3.25	1.90	+1.35
Martin ratio: Return relative to average drawdown	10.39	6.21	+4.18
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. HSCSX - Sharpe Ratio Comparison

The current RWJ Sharpe Ratio is 1.90, which is higher than the HSCSX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of RWJ and HSCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RWJ	HSCSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.10	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.15	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.30	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.39	+0.07

Drawdowns

RWJ vs. HSCSX - Drawdown Comparison

The maximum RWJ drawdown since its inception was -55.97%, roughly equal to the maximum HSCSX drawdown of -55.79%. Use the drawdown chart below to compare losses from any high point for RWJ and HSCSX.

Drawdown Indicators

	RWJ	HSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-55.97%	-55.79%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-10.95%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-29.42%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-29.29%	-29.42%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-51.33%	-44.64%	-6.69%
Current Drawdown Current decline from peak	-1.07%	-2.68%	+1.61%
Average Drawdown Average peak-to-trough decline	-9.24%	-9.31%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.34%	+0.19%

Volatility

RWJ vs. HSCSX - Volatility Comparison

The current volatility for Invesco S&P SmallCap 600 Revenue ETF (RWJ) is 4.64%, while Homestead Small Company Stock Fund (HSCSX) has a volatility of 5.72%. This indicates that RWJ experiences smaller price fluctuations and is considered to be less risky than HSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWJ	HSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	5.72%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	13.30%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	18.85%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	21.80%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.14%	22.42%	+3.72%

RWJ vs. HSCSX - Expense Ratio Comparison

RWJ has a 0.39% expense ratio, which is lower than HSCSX's 1.06% expense ratio.

Dividends

RWJ vs. HSCSX - Dividend Comparison

RWJ's dividend yield for the trailing twelve months is around 1.01%, less than HSCSX's 10.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSCSX Homestead Small Company Stock Fund	10.09%	10.88%	5.42%	3.87%	5.12%	18.41%	12.67%	18.73%	26.80%	4.45%	2.43%	5.07%
RWJ Invesco S&P SmallCap 600 Revenue ETF	1.01%	1.11%	1.15%	1.34%	1.02%	0.61%	0.89%	1.22%	1.44%	1.11%	0.60%	0.74%

Frequently Asked Questions

Can I hold both RWJ and HSCSX in my portfolio?

RWJ and HSCSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWJ or HSCSX?

HSCSX has higher volatility (5.72%) compared to RWJ (4.64%). In terms of maximum drawdown, RWJ dropped -55.97% vs HSCSX's -55.79%.

Which has better risk-adjusted returns?

RWJ currently has the higher Sharpe Ratio (1.90 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.