RWK vs. IJR
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and iShares Core S&P Small-Cap ETF (IJR).
RWK and IJR 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. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both RWK and IJR 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 IJR.
Performance
RWK vs. IJR - Performance Comparison
Returns By Period
In the year-to-date period, RWK achieves a 17.35% return, which is significantly higher than IJR's 14.87% return. Over the past 10 years, RWK has outperformed IJR with an annualized return of 11.02%, while IJR has yielded a comparatively lower 9.72% annualized return.
RWK
17.35%
4.67%
9.69%
28.85%
15.75%
11.02%
IJR
14.87%
6.58%
14.99%
29.99%
10.65%
9.72%
Key characteristics
| RWK | IJR | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.54 |
| Sortino Ratio | 2.50 | 2.28 |
| Omega Ratio | 1.31 | 1.27 |
| Calmar Ratio | 3.67 | 1.71 |
| Martin Ratio | 9.79 | 8.58 |
| Ulcer Index | 3.03% | 3.58% |
| Daily Std Dev | 16.94% | 19.94% |
| Max Drawdown | -56.49% | -58.15% |
| Current Drawdown | -0.80% | -2.60% |
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RWK vs. IJR - Expense Ratio Comparison
RWK has a 0.39% expense ratio, which is higher than IJR's 0.07% expense ratio.
Correlation
The correlation between RWK and IJR is 0.91, 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
RWK vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and iShares Core S&P Small-Cap ETF (IJR). 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. IJR - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.03%, less than IJR's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWK Invesco S&P MidCap 400 Revenue ETF | 1.03% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.03% | 1.29% |
IJR iShares Core S&P Small-Cap ETF | 1.23% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
RWK vs. IJR - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, roughly equal to the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for RWK and IJR. For additional features, visit the drawdowns tool.
Volatility
RWK vs. IJR - Volatility Comparison
The current volatility for Invesco S&P MidCap 400 Revenue ETF (RWK) is 5.87%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.49%. This indicates that RWK experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.