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RWJ vs. VTWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWJ vs. VTWV

Last updated Jun 26, 2026

RWJ (Invesco S&P SmallCap 600 Revenue ETF) and VTWV (Vanguard Russell 2000 Value ETF) are both Small Cap Value Equities funds - RWJ tracks the S&P SmallCap 600 Revenue-Weighted Index while VTWV tracks the Russell 2000 Value Index. Both are passively managed. Over the past 10 years, RWJ returned 14.34%/yr vs 11.39%/yr for VTWV. Their correlation of 0.91 suggests significant overlap in exposure. RWJ charges 0.39%/yr vs 0.10%/yr for VTWV.

Performance

RWJ vs. VTWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Vanguard Russell 2000 Value ETF (VTWV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with RWJ having a 21.90% return and VTWV slightly higher at 22.28%. Over the past 10 years, RWJ has outperformed VTWV with an annualized return of 14.34%, while VTWV has yielded a comparatively lower 11.39% annualized return.

RWJ

1D
1.06%
1M
5.87%
YTD
21.90%
6M
19.83%
1Y
40.49%
3Y*
18.92%
5Y*
9.06%
10Y*
14.34%

VTWV

1D
0.79%
1M
3.02%
YTD
22.28%
6M
19.68%
1Y
44.70%
3Y*
19.71%
5Y*
7.65%
10Y*
11.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RWJ vs. VTWV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWJ
Invesco S&P SmallCap 600 Revenue ETF		21.90%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%
VTWV
Vanguard Russell 2000 Value ETF		22.28%12.72%7.83%14.67%-14.46%27.90%4.88%22.44%-13.34%8.06%

Correlation

The correlation between RWJ and VTWV is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.91

The correlation between RWJ and VTWV has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

RWJ vs. VTWV - Sectors Allocation Comparison

Sectors
RWJ
VTWV

Consumer Cyclical

23.9%
8.9%

Industrials

16.0%
12.2%

Technology

11.2%
11.6%

Healthcare

11.0%
10.1%

Financial Services

10.7%
24.0%

Energy

7.2%
7.8%

Consumer Defensive

6.8%
2.1%

Basic Materials

5.0%
5.4%

Real Estate

3.9%
10.2%

Communication Services

3.5%
2.7%

Utilities

0.8%
5.0%

Consumer Cyclical

RWJ
23.9%
VTWV
8.9%

Industrials

RWJ
16.0%
VTWV
12.2%

Technology

RWJ
11.2%
VTWV
11.6%

Healthcare

RWJ
11.0%
VTWV
10.1%

Financial Services

RWJ
10.7%
VTWV
24.0%

Energy

RWJ
7.2%
VTWV
7.8%

Consumer Defensive

RWJ
6.8%
VTWV
2.1%

Basic Materials

RWJ
5.0%
VTWV
5.4%

Real Estate

RWJ
3.9%
VTWV
10.2%

Communication Services

RWJ
3.5%
VTWV
2.7%

Utilities

RWJ
0.8%
VTWV
5.0%

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

Vanguard Russell 2000 Value ETF

Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. XSVMRWJ vs. RZVRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMD
Often compared with VTWV:
VTWV vs. VTWOVTWV vs. VBRVTWV vs. VTWGVTWV vs. VIOVVTWV vs. VONGVTWV vs. VTCVTWV vs. VB

Return for Risk

RWJ vs. VTWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWJ
RWJ Risk / Return Rank: 7575
Overall Rank
RWJ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 7878
Sortino Ratio Rank
RWJ Omega Ratio Rank: 7070
Omega Ratio Rank
RWJ Calmar Ratio Rank: 7979
Calmar Ratio Rank
RWJ Martin Ratio Rank: 7272
Martin Ratio Rank
VTWV
VTWV Risk / Return Rank: 8787
Overall Rank
VTWV Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VTWV Sortino Ratio Rank: 8787
Sortino Ratio Rank
VTWV Omega Ratio Rank: 8080
Omega Ratio Rank
VTWV Calmar Ratio Rank: 9292
Calmar Ratio Rank
VTWV Martin Ratio Rank: 9090
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. VTWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Vanguard Russell 2000 Value ETF (VTWV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

RWJVTWVDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.45

-0.35

Sortino ratioReturn per unit of downside risk
3.01
3.40

-0.39

Omega ratioGain probability vs. loss probability

1.36

1.41

-0.05

Calmar ratioReturn relative to maximum drawdown

3.60

5.20

-1.60

Martin ratioReturn relative to average drawdown

11.54

17.77

-6.23

RWJ vs. VTWV - Sharpe Ratio Comparison

The current RWJ Sharpe Ratio is 2.10, which is comparable to the VTWV Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of RWJ and VTWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RWJ vs. VTWV - Drawdown Comparison

The maximum RWJ drawdown since its inception was -55.97%, which is greater than VTWV's maximum drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for RWJ and VTWV.

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Drawdown Indicators

RWJVTWVDifference

Max Drawdown

Largest peak-to-trough decline

-55.97%

-45.73%

-10.24%

Max Drawdown (1Y)

Largest decline over 1 year

-11.31%

-8.64%

-2.67%

Max Drawdown (3Y)

Largest decline over 3 years

-29.29%

-26.72%

-2.57%

Max Drawdown (5Y)

Largest decline over 5 years

-29.29%

-26.72%

-2.57%

Max Drawdown (10Y)

Largest decline over 10 years

-51.33%

-45.73%

-5.60%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-9.21%

-7.79%

-1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.52%

2.52%

+1.00%

Volatility

RWJ vs. VTWV - Volatility Comparison

The current volatility for Invesco S&P SmallCap 600 Revenue ETF (RWJ) is 4.69%, while Vanguard Russell 2000 Value ETF (VTWV) has a volatility of 5.17%. This indicates that RWJ experiences smaller price fluctuations and is considered to be less risky than VTWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RWJVTWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

5.17%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.70%

12.61%

+0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

19.39%

18.38%

+1.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.67%

21.71%

+1.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.12%

23.54%

+2.58%

RWJ vs. VTWV - Expense Ratio Comparison

RWJ has a 0.39% expense ratio, which is higher than VTWV's 0.10% expense ratio.

Dividends

RWJ vs. VTWV - Dividend Comparison

RWJ's dividend yield for the trailing twelve months is around 1.03%, less than VTWV's 1.61% yield.

PositionTTM20252024202320222021202020192018201720162015
RWJ
Invesco S&P SmallCap 600 Revenue ETF		1.03%1.11%1.15%1.34%1.02%0.61%0.89%1.22%1.44%1.11%0.60%0.74%
VTWV
Vanguard Russell 2000 Value ETF		1.61%1.79%1.78%2.02%2.07%1.60%1.49%1.82%2.04%1.63%1.57%2.03%

Frequently Asked Questions

With a correlation of 0.92, RWJ and VTWV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VTWV has higher volatility (5.17%) compared to RWJ (4.69%). In terms of maximum drawdown, RWJ dropped -55.97% vs VTWV's -45.73%.

On 10-year performance, RWJ leads with 14.34% vs 11.39% for VTWV. On fees, VTWV is cheaper at 0.10% per year. On volatility, RWJ has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RWJ has performed better with a 14.34% return vs 11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTWV is cheaper with a 0.10% expense ratio, compared with 0.39% for RWJ.

VTWV has the higher dividend yield at 1.61%, compared with 1.03% for RWJ.

RWJ tracks S&P SmallCap 600 Revenue-Weighted Index, while VTWV tracks Russell 2000 Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for RWJ and 0.10% for VTWV.

VTWV currently has the higher Sharpe Ratio (2.45 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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