XMVM vs. RWK
Compare and contrast key facts about Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap 400 Revenue ETF (RWK).
XMVM and RWK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMVM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 High Momentum Value Index. It was launched on Mar 3, 2005. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both XMVM and RWK 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: XMVM or RWK.
Key characteristics
| XMVM | RWK | |
|---|---|---|
| YTD Return | 1.14% | 2.66% |
| 1Y Return | 24.46% | 24.31% |
| 3Y Return (Ann) | 4.65% | 7.53% |
| 5Y Return (Ann) | 11.28% | 12.86% |
| 10Y Return (Ann) | 9.09% | 10.30% |
| Sharpe Ratio | 1.24 | 1.33 |
| Daily Std Dev | 17.44% | 16.75% |
| Max Drawdown | -62.83% | -56.49% |
| Current Drawdown | -6.54% | -6.59% |
Correlation
The correlation between XMVM and RWK is 0.89, 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
XMVM vs. RWK - Performance Comparison
In the year-to-date period, XMVM achieves a 1.14% return, which is significantly lower than RWK's 2.66% return. Over the past 10 years, XMVM has underperformed RWK with an annualized return of 9.09%, while RWK has yielded a comparatively higher 10.30% 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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XMVM vs. RWK - Expense Ratio Comparison
Both XMVM and RWK have an expense ratio of 0.39%.
Risk-Adjusted Performance
XMVM vs. RWK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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
XMVM vs. RWK - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.47%, more than RWK's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.47% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.53% | 1.39% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.08% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
Drawdowns
XMVM vs. RWK - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than RWK's maximum drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for XMVM and RWK. For additional features, visit the drawdowns tool.
Volatility
XMVM vs. RWK - Volatility Comparison
Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap 400 Revenue ETF (RWK) have volatilities of 4.47% and 4.35%, 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.