RWL vs. DVY
Compare and contrast key facts about Invesco S&P 500 Revenue ETF (RWL) and iShares Select Dividend ETF (DVY).
RWL and DVY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWL is a passively managed fund by Invesco that tracks the performance of the S&P 500 Revenue-Weighted Index. It was launched on Feb 22, 2008. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. Both RWL and DVY 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: RWL or DVY.
Key characteristics
| RWL | DVY | |
|---|---|---|
| YTD Return | 20.83% | 21.13% |
| 1Y Return | 31.45% | 35.36% |
| 3Y Return (Ann) | 10.84% | 8.48% |
| 5Y Return (Ann) | 14.40% | 9.99% |
| 10Y Return (Ann) | 11.83% | 9.71% |
| Sharpe Ratio | 3.05 | 2.68 |
| Sortino Ratio | 4.24 | 3.75 |
| Omega Ratio | 1.57 | 1.48 |
| Calmar Ratio | 5.16 | 2.29 |
| Martin Ratio | 18.88 | 16.50 |
| Ulcer Index | 1.67% | 2.10% |
| Daily Std Dev | 10.30% | 12.91% |
| Max Drawdown | -54.83% | -62.59% |
| Current Drawdown | -0.69% | -0.68% |
Correlation
The correlation between RWL and DVY is 0.88, 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
RWL vs. DVY - Performance Comparison
The year-to-date returns for both investments are quite close, with RWL having a 20.83% return and DVY slightly higher at 21.13%. Over the past 10 years, RWL has outperformed DVY with an annualized return of 11.83%, while DVY has yielded a comparatively lower 9.71% 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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RWL vs. DVY - Expense Ratio Comparison
Both RWL and DVY have an expense ratio of 0.39%.
Risk-Adjusted Performance
RWL vs. DVY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Revenue ETF (RWL) and iShares Select Dividend ETF (DVY). 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
RWL vs. DVY - Dividend Comparison
RWL's dividend yield for the trailing twelve months is around 1.39%, less than DVY's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWL Invesco S&P 500 Revenue ETF | 1.39% | 1.60% | 1.62% | 1.35% | 1.75% | 1.87% | 1.99% | 1.61% | 1.71% | 1.97% | 1.43% | 1.61% |
DVY iShares Select Dividend ETF | 3.38% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% | 3.03% | 3.06% |
Drawdowns
RWL vs. DVY - Drawdown Comparison
The maximum RWL drawdown since its inception was -54.83%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for RWL and DVY. For additional features, visit the drawdowns tool.
Volatility
RWL vs. DVY - Volatility Comparison
The current volatility for Invesco S&P 500 Revenue ETF (RWL) is 3.95%, while iShares Select Dividend ETF (DVY) has a volatility of 4.26%. This indicates that RWL experiences smaller price fluctuations and is considered to be less risky than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.