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.
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
Key characteristics
SMIG:
1.53
RWJ:
0.63
SMIG:
2.24
RWJ:
1.05
SMIG:
1.27
RWJ:
1.12
SMIG:
2.27
RWJ:
1.33
SMIG:
9.54
RWJ:
3.28
SMIG:
2.15%
RWJ:
4.12%
SMIG:
13.39%
RWJ:
21.39%
SMIG:
-19.65%
RWJ:
-55.97%
SMIG:
-8.06%
RWJ:
-7.64%
Returns By Period
In the year-to-date period, SMIG achieves a 18.15% return, which is significantly higher than RWJ's 11.35% return.
SMIG
18.15%
-6.24%
12.01%
19.06%
N/A
N/A
RWJ
11.35%
-2.10%
14.31%
11.73%
16.37%
10.38%
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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 1.71%, more than RWJ's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.71% | 1.91% | 2.01% | 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 | 0.91% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 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 4.47%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 6.21%. 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.