RWK vs. CALF
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and Pacer US Small Cap Cash Cows 100 ETF (CALF).
RWK and CALF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008. CALF is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Small Cap Cash Cows Index. It was launched on Jun 16, 2017. Both RWK and CALF 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: RWK or CALF.
Key characteristics
| RWK | CALF | |
|---|---|---|
| YTD Return | 3.71% | -3.15% |
| 1Y Return | 27.10% | 30.21% |
| 3Y Return (Ann) | 7.68% | 5.34% |
| 5Y Return (Ann) | 13.04% | 14.09% |
| Sharpe Ratio | 1.56 | 1.43 |
| Daily Std Dev | 16.73% | 19.82% |
| Max Drawdown | -56.49% | -47.58% |
| Current Drawdown | -5.64% | -5.53% |
Correlation
The correlation between RWK and CALF is 0.90, 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.
Performance
RWK vs. CALF - Performance Comparison
In the year-to-date period, RWK achieves a 3.71% return, which is significantly higher than CALF's -3.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RWK vs. CALF - Expense Ratio Comparison
RWK has a 0.39% expense ratio, which is lower than CALF's 0.59% expense ratio.
Risk-Adjusted Performance
RWK vs. CALF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and Pacer US Small Cap Cash Cows 100 ETF (CALF). 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
RWK vs. CALF - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.07%, less than CALF's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWK Invesco S&P MidCap 400 Revenue ETF | 1.07% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
CALF Pacer US Small Cap Cash Cows 100 ETF | 1.12% | 1.18% | 0.85% | 2.63% | 0.82% | 0.99% | 1.39% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RWK vs. CALF - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, which is greater than CALF's maximum drawdown of -47.58%. Use the drawdown chart below to compare losses from any high point for RWK and CALF. For additional features, visit the drawdowns tool.
Volatility
RWK vs. CALF - Volatility Comparison
The current volatility for Invesco S&P MidCap 400 Revenue ETF (RWK) is 4.53%, while Pacer US Small Cap Cash Cows 100 ETF (CALF) has a volatility of 5.80%. This indicates that RWK experiences smaller price fluctuations and is considered to be less risky than CALF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.