RWJ vs. RZV
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco S&P SmallCap 600® Pure Value ETF (RZV).
RWJ and RZV 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. RZV is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Value. It was launched on Mar 1, 2006. Both RWJ and RZV 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 RZV.
Key characteristics
| RWJ | RZV | |
|---|---|---|
| YTD Return | -2.68% | -6.50% |
| 1Y Return | 15.14% | 18.09% |
| 3Y Return (Ann) | 2.61% | 5.33% |
| 5Y Return (Ann) | 13.79% | 9.42% |
| 10Y Return (Ann) | 9.78% | 6.20% |
| Sharpe Ratio | 0.63 | 0.71 |
| Daily Std Dev | 21.48% | 23.69% |
| Max Drawdown | -55.97% | -77.11% |
| Current Drawdown | -6.12% | -7.70% |
Correlation
The correlation between RWJ and RZV 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.
Performance
RWJ vs. RZV - Performance Comparison
In the year-to-date period, RWJ achieves a -2.68% return, which is significantly higher than RZV's -6.50% return. Over the past 10 years, RWJ has outperformed RZV with an annualized return of 9.78%, while RZV has yielded a comparatively lower 6.20% annualized return. 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. RZV - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is higher than RZV's 0.35% expense ratio.
Risk-Adjusted Performance
RWJ vs. RZV - 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 SmallCap 600® Pure Value ETF (RZV). 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. RZV - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.31%, more than RZV's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.31% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.22% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% | 0.68% | 0.64% |
Drawdowns
RWJ vs. RZV - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, smaller than the maximum RZV drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for RWJ and RZV. For additional features, visit the drawdowns tool.
Volatility
RWJ vs. RZV - Volatility Comparison
Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco S&P SmallCap 600® Pure Value ETF (RZV) have volatilities of 6.13% and 6.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.