PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RWK vs. VTWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWK vs. VTWO

Last updated Jun 24, 2026

RWK (Invesco S&P MidCap 400 Revenue ETF) and VTWO (Vanguard Russell 2000 ETF) are both Small Cap Blend Equities funds - RWK tracks the S&P MidCap 400 Revenue-Weighted Index while VTWO tracks the Russell 2000 Index. Both are passively managed. Over the past 10 years, RWK returned 13.12%/yr vs 11.73%/yr for VTWO. Their correlation of 0.91 suggests significant overlap in exposure. RWK charges 0.39%/yr vs 0.06%/yr for VTWO.

Performance

RWK vs. VTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400 Revenue ETF (RWK) and Vanguard Russell 2000 ETF (VTWO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RWK achieves a 13.93% return, which is significantly lower than VTWO's 20.53% return. Over the past 10 years, RWK has outperformed VTWO with an annualized return of 13.12%, while VTWO has yielded a comparatively lower 11.73% annualized 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%

VTWO

1D
-0.94%
1M
3.85%
YTD
20.53%
6M
17.73%
1Y
41.24%
3Y*
19.49%
5Y*
6.45%
10Y*
11.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RWK vs. VTWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RWK
Invesco S&P MidCap 400 Revenue ETF		13.93%10.27%11.94%23.76%-8.19%34.31%11.06%28.20%-14.65%13.39%
VTWO
Vanguard Russell 2000 ETF		20.53%12.90%11.55%17.08%-20.49%14.79%20.22%25.81%-11.15%14.69%

Correlation

The correlation between RWK and VTWO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

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

0.90

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

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.91

The correlation between RWK and VTWO has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

RWK vs. VTWO - Sectors Allocation Comparison

Sectors
RWK
VTWO

Industrials

22.1%
17.9%

Consumer Cyclical

20.4%
7.9%

Technology

16.1%
19.1%

Financial Services

12.1%
15.5%

Consumer Defensive

10.4%
2.2%

Energy

5.0%
5.3%

Basic Materials

4.9%
4.7%

Healthcare

4.2%
16.3%

Real Estate

2.6%
5.9%

Utilities

1.6%
2.8%

Communication Services

0.7%
2.5%

Industrials

RWK
22.1%
VTWO
17.9%

Consumer Cyclical

RWK
20.4%
VTWO
7.9%

Technology

RWK
16.1%
VTWO
19.1%

Financial Services

RWK
12.1%
VTWO
15.5%

Consumer Defensive

RWK
10.4%
VTWO
2.2%

Energy

RWK
5.0%
VTWO
5.3%

Basic Materials

RWK
4.9%
VTWO
4.7%

Healthcare

RWK
4.2%
VTWO
16.3%

Real Estate

RWK
2.6%
VTWO
5.9%

Utilities

RWK
1.6%
VTWO
2.8%

Communication Services

RWK
0.7%
VTWO
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P MidCap 400 Revenue ETF

Vanguard Russell 2000 ETF

Often compared with RWK:
RWK vs. RWJRWK vs. RFVRWK vs. XMHQRWK vs. XMVMRWK vs. PRNRWK vs. ONEYRWK vs. PRFZ
Often compared with VTWO:
VTWO vs. IWMVTWO vs. VBVTWO vs. VOOVTWO vs. VTWVVTWO vs. VTWGVTWO vs. FSSNXVTWO vs. VIOO

Return for Risk

RWK vs. VTWO — 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
VTWO
VTWO Risk / Return Rank: 6868
Overall Rank
VTWO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VTWO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VTWO Omega Ratio Rank: 5858
Omega Ratio Rank
VTWO Calmar Ratio Rank: 7676
Calmar Ratio Rank
VTWO Martin Ratio Rank: 7373
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. VTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and Vanguard Russell 2000 ETF (VTWO). 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.

RWKVTWODifference
Sharpe ratioReturn per unit of total volatility
1.58
2.11

-0.53

Sortino ratioReturn per unit of downside risk
2.39
2.89

-0.50

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.07

Calmar ratioReturn relative to maximum drawdown

2.38

3.77

-1.39

Martin ratioReturn relative to average drawdown

7.64

13.36

-5.72

RWK vs. VTWO - Sharpe Ratio Comparison

The current RWK Sharpe Ratio is 1.58, which is comparable to the VTWO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of RWK and VTWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

RWK vs. VTWO - Drawdown Comparison

The maximum RWK drawdown since its inception was -56.49%, which is greater than VTWO's maximum drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for RWK and VTWO.

Loading charts...

Drawdown Indicators

RWKVTWODifference

Max Drawdown

Largest peak-to-trough decline

-56.49%

-41.19%

-15.30%

Max Drawdown (1Y)

Largest decline over 1 year

-11.14%

-10.99%

-0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-24.58%

-27.57%

+2.99%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-31.88%

+7.30%

Max Drawdown (10Y)

Largest decline over 10 years

-46.20%

-41.19%

-5.01%

Current Drawdown

Current decline from peak

-1.79%

-0.94%

-0.85%

Average Drawdown

Average peak-to-trough decline

-7.53%

-8.36%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

3.10%

+0.36%

Volatility

RWK vs. VTWO - Volatility Comparison

The current volatility for Invesco S&P MidCap 400 Revenue ETF (RWK) is 4.36%, while Vanguard Russell 2000 ETF (VTWO) has a volatility of 6.57%. This indicates that RWK experiences smaller price fluctuations and is considered to be less risky than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

RWKVTWODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

6.57%

-2.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.12%

14.28%

-2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

19.68%

-2.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

22.56%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

23.11%

-0.18%

RWK vs. VTWO - Expense Ratio Comparison

RWK has a 0.39% expense ratio, which is higher than VTWO's 0.06% expense ratio.

Dividends

RWK vs. VTWO - Dividend Comparison

RWK's dividend yield for the trailing twelve months is around 1.04%, less than VTWO's 1.10% 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%
VTWO
Vanguard Russell 2000 ETF		1.10%1.25%1.21%1.45%1.48%1.13%0.92%1.36%1.41%1.18%1.27%1.23%

Frequently Asked Questions

RWK and VTWO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VTWO has higher volatility (6.57%) compared to RWK (4.36%). In terms of maximum drawdown, RWK dropped -56.49% vs VTWO's -41.19%.

On 10-year performance, RWK leads with 13.12% vs 11.73% for VTWO. On fees, VTWO is cheaper at 0.06% per year. On volatility, RWK has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RWK has performed better with a 13.12% return vs 11.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTWO is cheaper with a 0.06% expense ratio, compared with 0.39% for RWK.

VTWO has the higher dividend yield at 1.10%, compared with 1.04% for RWK.

RWK tracks S&P MidCap 400 Revenue-Weighted Index, while VTWO tracks Russell 2000 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for RWK and 0.06% for VTWO.

VTWO currently has the higher Sharpe Ratio (2.11 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.

Portfolio Optimizer

Find the right allocation for RWK and VTWO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer