RZV vs. RWJ
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
RZV and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RZV is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Value. It was launched on Mar 1, 2006. 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 RZV 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: RZV or RWJ.
Key characteristics
| RZV | RWJ | |
|---|---|---|
| YTD Return | -7.00% | -3.80% |
| 1Y Return | 17.08% | 13.20% |
| 3Y Return (Ann) | 5.17% | 2.25% |
| 5Y Return (Ann) | 9.04% | 13.45% |
| 10Y Return (Ann) | 6.10% | 9.56% |
| Sharpe Ratio | 0.60 | 0.49 |
| Daily Std Dev | 23.71% | 21.49% |
| Max Drawdown | -77.11% | -55.97% |
| Current Drawdown | -8.19% | -7.19% |
Correlation
The correlation between RZV and RWJ is 0.92, 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
RZV vs. RWJ - Performance Comparison
In the year-to-date period, RZV achieves a -7.00% return, which is significantly lower than RWJ's -3.80% return. Over the past 10 years, RZV has underperformed RWJ with an annualized return of 6.10%, while RWJ has yielded a comparatively higher 9.56% 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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RZV vs. RWJ - Expense Ratio Comparison
RZV has a 0.35% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
RZV vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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
RZV vs. RWJ - Dividend Comparison
RZV's dividend yield for the trailing twelve months is around 1.23%, less than RWJ's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.23% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% | 0.68% | 0.64% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.33% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
RZV vs. RWJ - Drawdown Comparison
The maximum RZV drawdown since its inception was -77.11%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for RZV and RWJ. For additional features, visit the drawdowns tool.
Volatility
RZV vs. RWJ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 5.68% and 5.50%, 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.