RWK vs. RWJ
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
RWK and RWJ 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. 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. Both RWK and RWJ 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 RWJ.
Performance
RWK vs. RWJ - Performance Comparison
Returns By Period
In the year-to-date period, RWK achieves a 17.35% return, which is significantly higher than RWJ's 15.67% return. Both investments have delivered pretty close results over the past 10 years, with RWK having a 11.02% annualized return and RWJ not far behind at 10.95%.
RWK
17.35%
4.67%
9.69%
28.85%
15.75%
11.02%
RWJ
15.67%
5.12%
16.05%
31.21%
18.41%
10.95%
Key characteristics
| RWK | RWJ | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.44 |
| Sortino Ratio | 2.50 | 2.17 |
| Omega Ratio | 1.31 | 1.26 |
| Calmar Ratio | 3.67 | 2.26 |
| Martin Ratio | 9.79 | 7.83 |
| Ulcer Index | 3.03% | 4.02% |
| Daily Std Dev | 16.94% | 21.79% |
| Max Drawdown | -56.49% | -55.97% |
| Current Drawdown | -0.80% | -2.59% |
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RWK vs. RWJ - Expense Ratio Comparison
Both RWK and RWJ have an expense ratio of 0.39%.
Correlation
The correlation between RWK and RWJ 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. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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. RWJ - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.03%, less than RWJ's 1.22% 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% |
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% |
Drawdowns
RWK vs. RWJ - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, roughly equal to the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for RWK and RWJ. For additional features, visit the drawdowns tool.
Volatility
RWK vs. RWJ - Volatility Comparison
The current volatility for Invesco S&P MidCap 400 Revenue ETF (RWK) is 5.87%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 7.62%. This indicates that RWK experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.