RWL vs. RWJ
Compare and contrast key facts about Invesco S&P 500 Revenue ETF (RWL) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
RWL and RWJ 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. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both RWL and RWJ 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 RWJ.
Key characteristics
| RWL | RWJ | |
|---|---|---|
| YTD Return | 20.83% | 16.64% |
| 1Y Return | 31.45% | 39.50% |
| 3Y Return (Ann) | 10.84% | 4.77% |
| 5Y Return (Ann) | 14.40% | 18.44% |
| 10Y Return (Ann) | 11.83% | 11.20% |
| Sharpe Ratio | 3.05 | 1.73 |
| Sortino Ratio | 4.24 | 2.56 |
| Omega Ratio | 1.57 | 1.30 |
| Calmar Ratio | 5.16 | 2.18 |
| Martin Ratio | 18.88 | 9.82 |
| Ulcer Index | 1.67% | 3.98% |
| Daily Std Dev | 10.30% | 22.62% |
| Max Drawdown | -54.83% | -55.97% |
| Current Drawdown | -0.69% | -1.77% |
Correlation
The correlation between RWL and RWJ is 0.82, 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. RWJ - Performance Comparison
In the year-to-date period, RWL achieves a 20.83% return, which is significantly higher than RWJ's 16.64% return. Over the past 10 years, RWL has outperformed RWJ with an annualized return of 11.83%, while RWJ has yielded a comparatively lower 11.20% annualized return. 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. RWJ - Expense Ratio Comparison
Both RWL and RWJ have an expense ratio of 0.39%.
Risk-Adjusted Performance
RWL vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Revenue ETF (RWL) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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. RWJ - Dividend Comparison
RWL's dividend yield for the trailing twelve months is around 1.39%, more than RWJ's 1.21% 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% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.21% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
Drawdowns
RWL vs. RWJ - Drawdown Comparison
The maximum RWL drawdown since its inception was -54.83%, roughly equal to the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for RWL and RWJ. For additional features, visit the drawdowns tool.
Volatility
RWL vs. RWJ - Volatility Comparison
The current volatility for Invesco S&P 500 Revenue ETF (RWL) is 3.95%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 7.94%. This indicates that RWL experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.