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XSVM vs. RWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. RWJ

Last updated Jun 23, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and RWJ (Invesco S&P SmallCap 600 Revenue ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted Index. Both are passively managed. Over the past 10 years, XSVM returned 13.24%/yr vs 13.65%/yr for RWJ. Their correlation of 0.90 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.39%/yr for RWJ.

Performance

XSVM vs. RWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with XSVM having a 20.07% return and RWJ slightly lower at 19.22%. Both investments have delivered pretty close results over the past 10 years, with XSVM having a 13.24% annualized return and RWJ not far ahead at 13.65%.

XSVM

1D
-0.05%
1M
2.87%
YTD
20.07%
6M
17.31%
1Y
39.24%
3Y*
17.36%
5Y*
8.01%
10Y*
13.24%

RWJ

1D
-0.70%
1M
4.86%
YTD
19.22%
6M
17.01%
1Y
39.78%
3Y*
18.22%
5Y*
8.90%
10Y*
13.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. RWJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.07%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%
RWJ
Invesco S&P SmallCap 600 Revenue ETF		19.22%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%

Correlation

The correlation between XSVM and RWJ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 22, 2008

0.90

The correlation between XSVM and RWJ has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

XSVM vs. RWJ - Sectors Allocation Comparison

Sectors
XSVM
RWJ

Financial Services

38.7%
10.7%

Consumer Cyclical

17.4%
23.9%

Technology

9.5%
11.2%

Energy

9.3%
7.2%

Consumer Defensive

6.9%
6.8%

Industrials

6.3%
16.0%

Real Estate

4.8%
3.9%

Communication Services

2.8%
3.5%

Basic Materials

2.0%
5.0%

Utilities

1.2%
0.8%

Healthcare

1.1%
11.0%

Financial Services

XSVM
38.7%
RWJ
10.7%

Consumer Cyclical

XSVM
17.4%
RWJ
23.9%

Technology

XSVM
9.5%
RWJ
11.2%

Energy

XSVM
9.3%
RWJ
7.2%

Consumer Defensive

XSVM
6.9%
RWJ
6.8%

Industrials

XSVM
6.3%
RWJ
16.0%

Real Estate

XSVM
4.8%
RWJ
3.9%

Communication Services

XSVM
2.8%
RWJ
3.5%

Basic Materials

XSVM
2.0%
RWJ
5.0%

Utilities

XSVM
1.2%
RWJ
0.8%

Healthcare

XSVM
1.1%
RWJ
11.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Value with Momentum ETF

Invesco S&P SmallCap 600 Revenue ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRXXSVM vs. SVAL
Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. RZVRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMDRWJ vs. EWMC

Return for Risk

XSVM vs. RWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 7070
Overall Rank
XSVM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7070
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6464
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7878
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6868
Martin Ratio Rank
RWJ
RWJ Risk / Return Rank: 6666
Overall Rank
RWJ Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 6767
Sortino Ratio Rank
RWJ Omega Ratio Rank: 5959
Omega Ratio Rank
RWJ Calmar Ratio Rank: 7272
Calmar Ratio Rank
RWJ Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSVM vs. RWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Value with Momentum ETF (XSVM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XSVMRWJDifference
Sharpe ratioReturn per unit of total volatility
2.13
2.06

+0.07

Sortino ratioReturn per unit of downside risk
3.06
2.96

+0.10

Omega ratioGain probability vs. loss probability

1.37

1.35

+0.02

Calmar ratioReturn relative to maximum drawdown

3.91

3.53

+0.38

Martin ratioReturn relative to average drawdown

12.10

11.35

+0.76

XSVM vs. RWJ - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.13, which is comparable to the RWJ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of XSVM and RWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XSVM vs. RWJ - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for XSVM and RWJ.

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Drawdown Indicators

XSVMRWJDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-55.97%

-6.60%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-11.31%

+1.23%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-29.29%

+3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-29.29%

+3.08%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-51.33%

+2.31%

Current Drawdown

Current decline from peak

-1.49%

-1.51%

+0.02%

Average Drawdown

Average peak-to-trough decline

-11.54%

-9.21%

-2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.52%

-0.27%

Volatility

XSVM vs. RWJ - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 4.60% and 4.66%, 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.

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Volatility by Period

XSVMRWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

4.66%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

12.27%

12.61%

-0.34%

Volatility (1Y)

Calculated over the trailing 1-year period

18.57%

19.43%

-0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

23.66%

-1.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

26.16%

-1.07%

XSVM vs. RWJ - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than RWJ's 0.39% expense ratio.

Dividends

XSVM vs. RWJ - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 2.23%, more than RWJ's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
RWJ
Invesco S&P SmallCap 600 Revenue ETF		1.05%1.11%1.15%1.34%1.02%0.61%0.89%1.22%1.44%1.11%0.60%0.74%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.83%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

With a correlation of 0.90, XSVM and RWJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

RWJ has higher volatility (4.66%) compared to XSVM (4.60%). In terms of maximum drawdown, XSVM dropped -62.57% vs RWJ's -55.97%.

On 10-year performance, RWJ leads with 13.65% vs 13.24% for XSVM. On fees, XSVM is cheaper at 0.37% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RWJ has performed better with a 13.65% return vs 13.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.39% for RWJ.

XSVM has the higher dividend yield at 2.23%, compared with 1.25% for RWJ.

XSVM is categorized as Momentum, while RWJ is Small Cap Value Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while RWJ tracks S&P SmallCap 600 Revenue-Weighted Index. Their fees differ too: 0.37% for XSVM and 0.39% for RWJ.

XSVM currently has the higher Sharpe Ratio (2.13 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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