RWJ vs. SMIG
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).
RWJ and SMIG 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. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021.
Performance
RWJ vs. SMIG - Performance Comparison
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RWJ vs. SMIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 4.08% | 7.75% | 11.81% | 16.21% | -10.97% | 6.57% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 2.39% | 0.78% | 17.63% | 13.62% | -11.83% | 5.51% |
Returns By Period
In the year-to-date period, RWJ achieves a 4.08% return, which is significantly higher than SMIG's 2.39% 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%
SMIG
- 1D
- 1.38%
- 1M
- -6.05%
- YTD
- 2.39%
- 6M
- 0.02%
- 1Y
- 4.80%
- 3Y*
- 10.18%
- 5Y*
- —
- 10Y*
- —
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RWJ vs. SMIG - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is lower than SMIG's 0.60% expense ratio.
Return for Risk
RWJ vs. SMIG — Risk / Return Rank
RWJ
SMIG
RWJ vs. SMIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). 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 | SMIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.30 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.56 | 0.54 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.44 | +1.15 |
Martin ratioReturn relative to average drawdown | 5.68 | 1.44 | +4.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RWJ | SMIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.30 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.09 |
Correlation
The correlation between RWJ and SMIG is 0.87, 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. SMIG - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.13%, less than SMIG's 1.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.85% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RWJ vs. SMIG - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, which is greater than SMIG's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for RWJ and SMIG.
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Drawdown Indicators
| RWJ | SMIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.97% | -19.65% | -36.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -11.92% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | — | — |
Current DrawdownCurrent decline from peak | -7.38% | -7.01% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -6.72% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 3.67% | +0.85% |
Volatility
RWJ vs. SMIG - Volatility Comparison
Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 6.11% compared to Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) at 4.02%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than SMIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWJ | SMIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 4.02% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 8.36% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 15.98% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 16.33% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 16.33% | +9.83% |