RWJ vs. SMDV
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and ProShares Russell 2000 Dividend Growers ETF (SMDV).
RWJ and SMDV 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. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. Both RWJ and SMDV 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 SMDV.
Performance
RWJ vs. SMDV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with RWJ having a 15.67% return and SMDV slightly lower at 15.65%.
RWJ
15.67%
5.12%
16.05%
31.21%
18.41%
10.95%
SMDV
15.65%
7.47%
18.38%
30.08%
6.90%
N/A
Key characteristics
| RWJ | SMDV | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.49 |
| Sortino Ratio | 2.17 | 2.26 |
| Omega Ratio | 1.26 | 1.27 |
| Calmar Ratio | 2.26 | 2.59 |
| Martin Ratio | 7.83 | 6.24 |
| Ulcer Index | 4.02% | 4.90% |
| Daily Std Dev | 21.79% | 20.54% |
| Max Drawdown | -55.97% | -34.12% |
| Current Drawdown | -2.59% | -1.51% |
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RWJ vs. SMDV - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is lower than SMDV's 0.40% expense ratio.
Correlation
The correlation between RWJ and SMDV is 0.82, 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. SMDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and ProShares Russell 2000 Dividend Growers ETF (SMDV). 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. SMDV - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.22%, less than SMDV's 2.60% 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% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.60% | 2.69% | 2.51% | 2.03% | 2.12% | 2.03% | 1.97% | 1.84% | 1.08% | 1.47% | 0.00% | 0.00% |
Drawdowns
RWJ vs. SMDV - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, which is greater than SMDV's maximum drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for RWJ and SMDV. For additional features, visit the drawdowns tool.
Volatility
RWJ vs. SMDV - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 Revenue ETF (RWJ) is 7.62%, while ProShares Russell 2000 Dividend Growers ETF (SMDV) has a volatility of 8.39%. This indicates that RWJ experiences smaller price fluctuations and is considered to be less risky than SMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.