RWJ vs VOO
Invesco S&P SmallCap 600 Revenue ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RWJ delivered stronger 1-year returns. RWJ offers more diversification with 586 holdings.
Side-by-Side Comparison
| Metric | RWJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $2.1B | $979.0B | |
| Dividend Yield | 1.02% | 1.09% | |
| Holdings | 597 | 509 | |
| YTD Return | +27.61% | +14.48% | |
| 1Y Return | +34.46% | +22.02% | |
| 3Y Return (annualized) | +17.75% | +21.80% | |
| 5Y Return (annualized) | +11.11% | +13.36% | |
| Volatility (annualized) | 24.9% | 14.2% | |
| Max Drawdown | -56.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 19, 2008 | Sep 7, 2010 |
RWJ vs VOO Performance
Invesco S&P SmallCap 600 Revenue ETF (RWJ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RWJ returned +34.46% while VOO returned +22.02%. Year to date, RWJ is up 27.61% versus a gain of 14.48% for VOO.
Over three years, RWJ compounded at +17.75% per year against +21.80% for VOO; over five years the annualized figures are +11.11% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +11.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWJ has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 14.2% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.3% for RWJ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWJ charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, RWJ currently yields 1.02% against 1.09% for VOO.
Holdings Overlap
RWJ and VOO share 0 holdings out of 1091 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RWJ or VOO?
RWJ has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, RWJ or VOO?
Over the past year RWJ returned +34.46% vs +22.02% for VOO, so RWJ leads on 1-year performance. Over the longest common window we track (16 years), RWJ annualized +11.96% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, RWJ or VOO?
RWJ has been the more volatile fund at 24.9% annualized versus 14.2% for VOO. Worst drawdown: RWJ -56.3% vs VOO -34.3%.
Should I hold both RWJ and VOO?
RWJ and VOO have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWJ and VOO?
RWJ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1091 unique securities.
Which pays a higher dividend, RWJ or VOO?
RWJ yields 1.02% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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