RWJ vs. SPY
Compare and contrast key facts about Invesco S&P SmallCap 600 Revenue ETF (RWJ) and SPDR S&P 500 ETF (SPY).
RWJ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RWJ and SPY 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 SPY.
Performance
RWJ vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RWJ achieves a 15.67% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, RWJ has underperformed SPY with an annualized return of 10.95%, while SPY has yielded a comparatively higher 13.10% annualized return.
RWJ
15.67%
5.12%
16.05%
31.21%
18.41%
10.95%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| RWJ | SPY | |
|---|---|---|
| Sharpe Ratio | 1.44 | 2.70 |
| Sortino Ratio | 2.17 | 3.60 |
| Omega Ratio | 1.26 | 1.50 |
| Calmar Ratio | 2.26 | 3.90 |
| Martin Ratio | 7.83 | 17.52 |
| Ulcer Index | 4.02% | 1.87% |
| Daily Std Dev | 21.79% | 12.14% |
| Max Drawdown | -55.97% | -55.19% |
| Current Drawdown | -2.59% | -0.85% |
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RWJ vs. SPY - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between RWJ and SPY is 0.75, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 1.22%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RWJ vs. SPY - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RWJ and SPY. For additional features, visit the drawdowns tool.
Volatility
RWJ vs. SPY - Volatility Comparison
Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a higher volatility of 7.62% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that RWJ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.