RWL vs. FVAL
Compare and contrast key facts about Invesco S&P 500 Revenue ETF (RWL) and Fidelity Value Factor ETF (FVAL).
RWL and FVAL 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. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. Both RWL and FVAL 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 FVAL.
Key characteristics
| RWL | FVAL | |
|---|---|---|
| YTD Return | 20.83% | 20.93% |
| 1Y Return | 31.45% | 32.82% |
| 3Y Return (Ann) | 10.84% | 9.15% |
| 5Y Return (Ann) | 14.40% | 13.55% |
| Sharpe Ratio | 3.05 | 2.81 |
| Sortino Ratio | 4.24 | 3.75 |
| Omega Ratio | 1.57 | 1.53 |
| Calmar Ratio | 5.16 | 4.19 |
| Martin Ratio | 18.88 | 17.98 |
| Ulcer Index | 1.67% | 1.81% |
| Daily Std Dev | 10.30% | 11.58% |
| Max Drawdown | -54.83% | -37.26% |
| Current Drawdown | -0.69% | -0.46% |
Correlation
The correlation between RWL and FVAL is 0.94, 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. FVAL - Performance Comparison
The year-to-date returns for both investments are quite close, with RWL having a 20.83% return and FVAL slightly higher at 20.93%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RWL vs. FVAL - Expense Ratio Comparison
RWL has a 0.39% expense ratio, which is higher than FVAL's 0.29% expense ratio.
Risk-Adjusted Performance
RWL vs. FVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Revenue ETF (RWL) and Fidelity Value Factor ETF (FVAL). 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. FVAL - Dividend Comparison
RWL's dividend yield for the trailing twelve months is around 1.39%, less than FVAL's 1.57% 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% |
FVAL Fidelity Value Factor ETF | 1.57% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% | 0.00% | 0.00% | 0.00% |
Drawdowns
RWL vs. FVAL - Drawdown Comparison
The maximum RWL drawdown since its inception was -54.83%, which is greater than FVAL's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for RWL and FVAL. For additional features, visit the drawdowns tool.
Volatility
RWL vs. FVAL - Volatility Comparison
Invesco S&P 500 Revenue ETF (RWL) and Fidelity Value Factor ETF (FVAL) have volatilities of 3.95% and 4.11%, 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.