RWK vs. XMVM
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco S&P MidCap Value with Momentum ETF (XMVM).
RWK and XMVM 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. XMVM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 High Momentum Value Index. It was launched on Mar 3, 2005. Both RWK and XMVM 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 XMVM.
Key characteristics
| RWK | XMVM | |
|---|---|---|
| YTD Return | 4.30% | 3.04% |
| 1Y Return | 24.15% | 22.60% |
| 3Y Return (Ann) | 7.94% | 5.21% |
| 5Y Return (Ann) | 13.42% | 11.97% |
| 10Y Return (Ann) | 10.58% | 9.43% |
| Sharpe Ratio | 1.44 | 1.30 |
| Daily Std Dev | 16.86% | 17.57% |
| Max Drawdown | -56.49% | -62.83% |
| Current Drawdown | -5.10% | -4.78% |
Correlation
The correlation between RWK and XMVM is 0.89, 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.
Performance
RWK vs. XMVM - Performance Comparison
In the year-to-date period, RWK achieves a 4.30% return, which is significantly higher than XMVM's 3.04% return. Over the past 10 years, RWK has outperformed XMVM with an annualized return of 10.58%, while XMVM has yielded a comparatively lower 9.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RWK vs. XMVM - Expense Ratio Comparison
Both RWK and XMVM have an expense ratio of 0.39%.
Risk-Adjusted Performance
RWK vs. XMVM - 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 MidCap Value with Momentum ETF (XMVM). 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. XMVM - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.06%, less than XMVM's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWK Invesco S&P MidCap 400 Revenue ETF | 1.06% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.45% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.53% | 1.39% |
Drawdowns
RWK vs. XMVM - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, smaller than the maximum XMVM drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for RWK and XMVM. For additional features, visit the drawdowns tool.
Volatility
RWK vs. XMVM - Volatility Comparison
Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco S&P MidCap Value with Momentum ETF (XMVM) have volatilities of 4.48% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.