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RWK vs. SIXS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWK vs. SIXS

Last updated Jun 24, 2026

RWK (Invesco S&P MidCap 400 Revenue ETF) and SIXS (6 Meridian Small Cap Equity ETF) are both Small Cap Blend Equities funds. RWK is passively managed, while SIXS is actively managed. Over the past 5 years, RWK returned 11.36%/yr vs 4.69%/yr for SIXS. Their correlation of 0.87 suggests significant overlap in exposure. RWK charges 0.39%/yr vs 1.00%/yr for SIXS.

Performance

RWK vs. SIXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400 Revenue ETF (RWK) and 6 Meridian Small Cap Equity ETF (SIXS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RWK achieves a 13.93% return, which is significantly higher than SIXS's 12.13% return.

RWK

1D
-0.34%
1M
3.57%
YTD
13.93%
6M
12.02%
1Y
26.41%
3Y*
17.49%
5Y*
11.36%
10Y*
13.12%

SIXS

1D
1.61%
1M
4.24%
YTD
12.13%
6M
11.48%
1Y
23.12%
3Y*
13.07%
5Y*
4.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RWK vs. SIXS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
RWK
Invesco S&P MidCap 400 Revenue ETF		13.93%10.27%11.94%23.76%-8.19%34.31%48.10%
SIXS
6 Meridian Small Cap Equity ETF		12.13%4.59%5.85%14.92%-18.52%40.74%44.24%

Correlation

The correlation between RWK and SIXS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.71

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

0.81

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

0.86

Correlation (All Time)
Calculated using the full available price history since May 11, 2020

0.87

The correlation between RWK and SIXS shifts across timeframes, from 0.71 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

RWK vs. SIXS - Sectors Allocation Comparison

Sectors
RWK
SIXS

Industrials

22.1%
8.7%

Consumer Cyclical

20.4%
17.0%

Technology

16.1%
7.6%

Financial Services

12.1%
12.9%

Consumer Defensive

10.4%
13.0%

Energy

5.0%
1.3%

Basic Materials

4.9%
4.7%

Healthcare

4.2%
10.2%

Real Estate

2.6%
11.7%

Utilities

1.6%
10.1%

Communication Services

0.7%
2.3%

Industrials

RWK
22.1%
SIXS
8.7%

Consumer Cyclical

RWK
20.4%
SIXS
17.0%

Technology

RWK
16.1%
SIXS
7.6%

Financial Services

RWK
12.1%
SIXS
12.9%

Consumer Defensive

RWK
10.4%
SIXS
13.0%

Energy

RWK
5.0%
SIXS
1.3%

Basic Materials

RWK
4.9%
SIXS
4.7%

Healthcare

RWK
4.2%
SIXS
10.2%

Real Estate

RWK
2.6%
SIXS
11.7%

Utilities

RWK
1.6%
SIXS
10.1%

Communication Services

RWK
0.7%
SIXS
2.3%

Compare stocks, funds, or ETFs

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Invesco S&P MidCap 400 Revenue ETF

6 Meridian Small Cap Equity ETF

Often compared with RWK:
RWK vs. RWJRWK vs. RFVRWK vs. XMHQRWK vs. XMVMRWK vs. PRNRWK vs. ONEYRWK vs. PRFZ
Often compared with SIXS:
SIXS vs. QQQSIXS vs. IWMSIXS vs. SLXSIXS vs. IFRASIXS vs. ABLSSIXS vs. OMFLSIXS vs. SMDV

Return for Risk

RWK vs. SIXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWK
RWK Risk / Return Rank: 4848
Overall Rank
RWK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
RWK Sortino Ratio Rank: 5151
Sortino Ratio Rank
RWK Omega Ratio Rank: 4444
Omega Ratio Rank
RWK Calmar Ratio Rank: 5151
Calmar Ratio Rank
RWK Martin Ratio Rank: 4848
Martin Ratio Rank
SIXS
SIXS Risk / Return Rank: 5858
Overall Rank
SIXS Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
SIXS Sortino Ratio Rank: 5959
Sortino Ratio Rank
SIXS Omega Ratio Rank: 5050
Omega Ratio Rank
SIXS Calmar Ratio Rank: 7070
Calmar Ratio Rank
SIXS Martin Ratio Rank: 5959
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.

RWK vs. SIXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and 6 Meridian Small Cap Equity ETF (SIXS). 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.

RWKSIXSDifference
Sharpe ratioReturn per unit of total volatility
1.58
1.71

-0.13

Sortino ratioReturn per unit of downside risk
2.39
2.54

-0.15

Omega ratioGain probability vs. loss probability

1.28

1.30

-0.02

Calmar ratioReturn relative to maximum drawdown

2.38

3.24

-0.86

Martin ratioReturn relative to average drawdown

7.64

9.73

-2.08

RWK vs. SIXS - Sharpe Ratio Comparison

The current RWK Sharpe Ratio is 1.58, which is comparable to the SIXS Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RWK and SIXS, 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

RWK vs. SIXS - Drawdown Comparison

The maximum RWK drawdown since its inception was -56.49%, which is greater than SIXS's maximum drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for RWK and SIXS.

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Drawdown Indicators

RWKSIXSDifference

Max Drawdown

Largest peak-to-trough decline

-56.49%

-27.68%

-28.81%

Max Drawdown (1Y)

Largest decline over 1 year

-11.14%

-7.16%

-3.98%

Max Drawdown (3Y)

Largest decline over 3 years

-24.58%

-19.95%

-4.63%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-27.68%

+3.10%

Max Drawdown (10Y)

Largest decline over 10 years

-46.20%

—

—

Current Drawdown

Current decline from peak

-1.79%

0.00%

-1.79%

Average Drawdown

Average peak-to-trough decline

-7.53%

-8.87%

+1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

2.38%

+1.08%

Volatility

RWK vs. SIXS - Volatility Comparison

Invesco S&P MidCap 400 Revenue ETF (RWK) has a higher volatility of 4.36% compared to 6 Meridian Small Cap Equity ETF (SIXS) at 3.81%. This indicates that RWK's price experiences larger fluctuations and is considered to be riskier than SIXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RWKSIXSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

3.81%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

12.12%

9.12%

+3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

13.59%

+3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

17.60%

+3.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

19.62%

+3.31%

RWK vs. SIXS - Expense Ratio Comparison

RWK has a 0.39% expense ratio, which is lower than SIXS's 1.00% expense ratio.

Dividends

RWK vs. SIXS - Dividend Comparison

RWK's dividend yield for the trailing twelve months is around 1.04%, less than SIXS's 1.70% yield.

PositionTTM20252024202320222021202020192018201720162015
RWK
Invesco S&P MidCap 400 Revenue ETF		1.04%1.25%1.11%1.05%1.18%0.85%0.96%1.09%1.22%0.99%1.30%0.92%
SIXS
6 Meridian Small Cap Equity ETF		1.70%1.62%1.09%1.60%1.37%0.94%0.45%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RWK and SIXS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RWK has higher volatility (4.36%) compared to SIXS (3.81%). In terms of maximum drawdown, RWK dropped -56.49% vs SIXS's -27.68%.

On 5-year performance, RWK leads with 11.36% vs 4.69% for SIXS. On fees, RWK is cheaper at 0.39% per year. On volatility, SIXS has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, RWK has performed better with a 11.36% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RWK is cheaper with a 0.39% expense ratio, compared with 1.00% for SIXS.

SIXS has the higher dividend yield at 1.70%, compared with 1.04% for RWK.

They also come from different issuers: Invesco and Exchange Traded Concepts. Their fees differ too: 0.39% for RWK and 1.00% for SIXS.

SIXS currently has the higher Sharpe Ratio (1.71 vs 1.58), 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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