RWK vs. ONEY
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and SPDR Russell 1000 Yield Focus ETF (ONEY).
RWK and ONEY 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. ONEY is a passively managed fund by State Street that tracks the performance of the Russell 1000 Yield Focused Factor (TR). It was launched on Dec 2, 2015. Both RWK and ONEY 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 ONEY.
Performance
RWK vs. ONEY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with RWK having a 17.35% return and ONEY slightly lower at 17.23%.
RWK
17.35%
4.67%
9.69%
28.85%
15.75%
11.02%
ONEY
17.23%
3.29%
11.59%
28.18%
12.92%
N/A
Key characteristics
| RWK | ONEY | |
|---|---|---|
| Sharpe Ratio | 1.75 | 2.27 |
| Sortino Ratio | 2.50 | 3.22 |
| Omega Ratio | 1.31 | 1.39 |
| Calmar Ratio | 3.67 | 4.11 |
| Martin Ratio | 9.79 | 12.53 |
| Ulcer Index | 3.03% | 2.30% |
| Daily Std Dev | 16.94% | 12.68% |
| Max Drawdown | -56.49% | -46.80% |
| Current Drawdown | -0.80% | 0.00% |
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RWK vs. ONEY - Expense Ratio Comparison
RWK has a 0.39% expense ratio, which is higher than ONEY's 0.20% expense ratio.
Correlation
The correlation between RWK and ONEY is 0.81, 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. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and SPDR Russell 1000 Yield Focus ETF (ONEY). 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. ONEY - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.03%, less than ONEY's 2.97% 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% |
ONEY SPDR Russell 1000 Yield Focus ETF | 2.97% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.29% | 0.00% | 0.00% |
Drawdowns
RWK vs. ONEY - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, which is greater than ONEY's maximum drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for RWK and ONEY. For additional features, visit the drawdowns tool.
Volatility
RWK vs. ONEY - Volatility Comparison
Invesco S&P MidCap 400 Revenue ETF (RWK) has a higher volatility of 5.87% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 3.62%. This indicates that RWK's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.