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RWJ vs. PID
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RWJ vs. PID

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco International Dividend Achievers™ ETF (PID).

RWJ and PID 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. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. Both RWJ and PID 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. PID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco International Dividend Achievers™ ETF (PID). The values are adjusted to include any dividend payments, if applicable.

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RWJ vs. PID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWJ
Invesco S&P SmallCap 600 Revenue ETF		3.96%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%
PID
Invesco International Dividend Achievers™ ETF		2.04%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%

Returns By Period

In the year-to-date period, RWJ achieves a 3.96% return, which is significantly higher than PID's 2.04% return. Over the past 10 years, RWJ has outperformed PID with an annualized return of 12.12%, while PID has yielded a comparatively lower 8.98% annualized return.

RWJ

1D
2.60%
1M
-3.49%
YTD
3.96%
6M
5.17%
1Y
25.54%
3Y*
11.93%
5Y*
6.87%
10Y*
12.12%

PID

1D
2.07%
1M
-5.36%
YTD
2.04%
6M
6.12%
1Y
20.87%
3Y*
11.55%
5Y*
9.53%
10Y*
8.98%
*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

Invesco International Dividend Achievers™ ETF

Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. RZVRWJ vs. XSVMRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMD
Often compared with PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. PSQPID vs. DWXPID vs. DIMPID vs. VYMI

RWJ vs. PID - Expense Ratio Comparison

RWJ has a 0.39% expense ratio, which is lower than PID's 0.56% expense ratio.

PID
Invesco International Dividend Achievers™ ETF
RWJ
Invesco S&P SmallCap 600 Revenue ETF

Return for Risk

RWJ vs. PID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWJ
RWJ Risk / Return Rank: 6262
Overall Rank
RWJ Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 6464
Sortino Ratio Rank
RWJ Omega Ratio Rank: 5959
Omega Ratio Rank
RWJ Calmar Ratio Rank: 6666
Calmar Ratio Rank
RWJ Martin Ratio Rank: 6161
Martin Ratio Rank
PID
PID Risk / Return Rank: 8686
Overall Rank
PID Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PID Sortino Ratio Rank: 8888
Sortino Ratio Rank
PID Omega Ratio Rank: 8686
Omega Ratio Rank
PID Calmar Ratio Rank: 8383
Calmar Ratio Rank
PID Martin Ratio Rank: 8787
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. PID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco International Dividend Achievers™ ETF (PID). 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.

RWJPIDDifference

Sharpe ratio

Return per unit of total volatility

1.01

1.64

-0.63

Sortino ratio

Return per unit of downside risk

1.57

2.39

-0.83

Omega ratio

Gain probability vs. loss probability

1.21

1.34

-0.13

Calmar ratio

Return relative to maximum drawdown

1.59

2.36

-0.78

Martin ratio

Return relative to average drawdown

5.69

10.33

-4.64

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. PID - Sharpe Ratio Comparison

The current RWJ Sharpe Ratio is 1.01, which is lower than the PID Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of RWJ and PID, 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

RWJPIDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

1.64

-0.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.69

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.50

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.26

+0.17

Correlation

The correlation between RWJ and PID is 0.72, 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. PID - Dividend Comparison

RWJ's dividend yield for the trailing twelve months is around 1.13%, less than PID's 3.38% 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%
PID
Invesco International Dividend Achievers™ ETF		3.38%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%

Drawdowns

RWJ vs. PID - Drawdown Comparison

The maximum RWJ drawdown since its inception was -55.97%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for RWJ and PID.

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Drawdown Indicators

RWJPIDDifference

Max Drawdown

Largest peak-to-trough decline

-55.97%

-66.34%

+10.37%

Max Drawdown (1Y)

Largest decline over 1 year

-16.11%

-8.83%

-7.28%

Max Drawdown (5Y)

Largest decline over 5 years

-29.29%

-22.97%

-6.32%

Max Drawdown (10Y)

Largest decline over 10 years

-51.33%

-46.07%

-5.26%

Current Drawdown

Current decline from peak

-7.49%

-5.36%

-2.13%

Average Drawdown

Average peak-to-trough decline

-9.31%

-13.12%

+3.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.50%

2.02%

+2.48%

Volatility

RWJ vs. PID - Volatility Comparison

Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 6.15% compared to Invesco International Dividend Achievers™ ETF (PID) at 3.80%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RWJPIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.15%

3.80%

+2.35%

Volatility (6M)

Calculated over the trailing 6-month period

13.97%

7.11%

+6.86%

Volatility (1Y)

Calculated over the trailing 1-year period

25.39%

12.81%

+12.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.88%

13.96%

+9.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.16%

17.99%

+8.17%