PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RWJ vs. RZV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RWJ vs. RZV

Last updated Apr 2, 2026

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.

Performance

RWJ vs. RZV - 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 S&P SmallCap 600® Pure Value ETF (RZV). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

RWJ vs. RZV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWJ
Invesco S&P SmallCap 600 Revenue ETF		4.08%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%
RZV
Invesco S&P SmallCap 600® Pure Value ETF		5.14%8.65%5.06%22.97%-6.80%45.95%-3.88%22.29%-19.66%1.25%

Returns By Period

In the year-to-date period, RWJ achieves a 4.08% return, which is significantly lower than RZV's 5.14% return. Over the past 10 years, RWJ has outperformed RZV with an annualized return of 12.14%, while RZV has yielded a comparatively lower 9.40% annualized return.

RWJ

1D
0.12%
1M
-3.36%
YTD
4.08%
6M
4.51%
1Y
25.44%
3Y*
11.97%
5Y*
6.89%
10Y*
12.14%

RZV

1D
0.08%
1M
-4.23%
YTD
5.14%
6M
5.87%
1Y
28.47%
3Y*
12.74%
5Y*
8.27%
10Y*
9.40%
*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 S&P SmallCap 600® Pure Value ETF

Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. XSVMRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMDRWJ vs. EWMC
Often compared with RZV:
RZV vs. AVUVRZV vs. RPVRZV vs. VBRRZV vs. IJRRZV vs. PSCCRZV vs. SPYRZV vs. VOO

RWJ vs. RZV - Expense Ratio Comparison

RWJ has a 0.39% expense ratio, which is higher than RZV's 0.35% expense ratio.

RWJ
Invesco S&P SmallCap 600 Revenue ETF
RZV
Invesco S&P SmallCap 600® Pure Value ETF

Return for Risk

RWJ vs. RZV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWJ
RWJ Risk / Return Rank: 5656
Overall Rank
RWJ Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 5959
Sortino Ratio Rank
RWJ Omega Ratio Rank: 5353
Omega Ratio Rank
RWJ Calmar Ratio Rank: 6060
Calmar Ratio Rank
RWJ Martin Ratio Rank: 5656
Martin Ratio Rank
RZV
RZV Risk / Return Rank: 5959
Overall Rank
RZV Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
RZV Sortino Ratio Rank: 6464
Sortino Ratio Rank
RZV Omega Ratio Rank: 5656
Omega Ratio Rank
RZV Calmar Ratio Rank: 6262
Calmar Ratio Rank
RZV Martin Ratio Rank: 5555
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. RZV - 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 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.

RWJRZVDifference

Sharpe ratio

Return per unit of total volatility

1.01

1.11

-0.10

Sortino ratio

Return per unit of downside risk

1.56

1.68

-0.12

Omega ratio

Gain probability vs. loss probability

1.21

1.22

-0.01

Calmar ratio

Return relative to maximum drawdown

1.59

1.65

-0.06

Martin ratio

Return relative to average drawdown

5.68

5.69

0.00

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. RZV - Sharpe Ratio Comparison

The current RWJ Sharpe Ratio is 1.01, which is comparable to the RZV Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of RWJ and RZV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

RWJRZVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

1.11

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.34

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.35

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.25

+0.19

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.

Dividends

RWJ vs. RZV - Dividend Comparison

RWJ's dividend yield for the trailing twelve months is around 1.13%, less than RZV's 1.51% 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%
RZV
Invesco S&P SmallCap 600® Pure Value ETF		1.51%1.59%1.14%1.13%1.43%0.86%0.63%1.03%2.03%1.02%0.46%1.24%

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.

Loading graphics...

Drawdown Indicators

RWJRZVDifference

Max Drawdown

Largest peak-to-trough decline

-55.97%

-77.11%

+21.14%

Max Drawdown (1Y)

Largest decline over 1 year

-16.11%

-16.95%

+0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-29.29%

-29.81%

+0.52%

Max Drawdown (10Y)

Largest decline over 10 years

-51.33%

-60.42%

+9.09%

Current Drawdown

Current decline from peak

-7.38%

-8.55%

+1.17%

Average Drawdown

Average peak-to-trough decline

-9.31%

-13.70%

+4.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.52%

4.93%

-0.41%

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 6.11% and 6.24%, 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.

Loading graphics...

Volatility by Period

RWJRZVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

6.24%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

13.97%

15.38%

-1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

25.39%

25.79%

-0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.88%

24.54%

-0.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.16%

27.12%

-0.96%