SMIG vs. RWJ
Compare and contrast key facts about Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
SMIG and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMIG or RWJ.
Key characteristics
| SMIG | RWJ | |
|---|---|---|
| YTD Return | 15.89% | 9.59% |
| 1Y Return | 25.74% | 22.38% |
| 3Y Return (Ann) | 7.80% | 6.80% |
| Sharpe Ratio | 1.79 | 0.99 |
| Daily Std Dev | 14.18% | 22.52% |
| Max Drawdown | -19.65% | -55.97% |
| Current Drawdown | -0.55% | -0.84% |
Correlation
The correlation between SMIG and RWJ 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
SMIG vs. RWJ - Performance Comparison
In the year-to-date period, SMIG achieves a 15.89% return, which is significantly higher than RWJ's 9.59% 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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SMIG vs. RWJ - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
SMIG vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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
SMIG vs. RWJ - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.80%, more than RWJ's 0.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.80% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 0.95% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.61% | 0.74% | 0.57% | 1.27% |
Drawdowns
SMIG vs. RWJ - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for SMIG and RWJ. For additional features, visit the drawdowns tool.
Volatility
SMIG vs. RWJ - Volatility Comparison
The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.67%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 6.30%. This indicates that SMIG 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.