SMDV vs. RWJ
Compare and contrast key facts about ProShares Russell 2000 Dividend Growers ETF (SMDV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
SMDV and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. 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 SMDV 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: SMDV or RWJ.
Key characteristics
| SMDV | RWJ | |
|---|---|---|
| YTD Return | 15.95% | 16.64% |
| 1Y Return | 35.89% | 39.50% |
| 3Y Return (Ann) | 5.89% | 4.77% |
| 5Y Return (Ann) | 6.90% | 18.44% |
| Sharpe Ratio | 1.70 | 1.73 |
| Sortino Ratio | 2.59 | 2.56 |
| Omega Ratio | 1.31 | 1.30 |
| Calmar Ratio | 2.45 | 2.18 |
| Martin Ratio | 7.39 | 9.82 |
| Ulcer Index | 4.89% | 3.98% |
| Daily Std Dev | 21.30% | 22.62% |
| Max Drawdown | -34.12% | -55.97% |
| Current Drawdown | -1.26% | -1.77% |
Correlation
The correlation between SMDV 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
SMDV vs. RWJ - Performance Comparison
The year-to-date returns for both investments are quite close, with SMDV having a 15.95% return and RWJ slightly higher at 16.64%. 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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SMDV vs. RWJ - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
SMDV vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) 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
SMDV vs. RWJ - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.59%, more than RWJ's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.59% | 2.69% | 2.51% | 2.03% | 2.12% | 2.03% | 1.97% | 1.84% | 1.08% | 1.47% | 0.00% | 0.00% |
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
SMDV vs. RWJ - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for SMDV and RWJ. For additional features, visit the drawdowns tool.
Volatility
SMDV vs. RWJ - Volatility Comparison
ProShares Russell 2000 Dividend Growers ETF (SMDV) has a higher volatility of 8.66% compared to Invesco S&P SmallCap 600 Revenue ETF (RWJ) at 7.94%. This indicates that SMDV's price experiences larger fluctuations and is considered to be riskier than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.