RWK vs VOO
Invesco S&P MidCap 400 Revenue ETF vs Vanguard S&P 500 ETF
Which is better, RWK or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. RWK is less concentrated, with 20.1% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RWK | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $1.3B | $997.4B |
| Dividend Yield | 0.99% | 1.08% |
| Holdings | 402 | 509 |
| YTD Return | +15.56%Best | +12.74% |
| 1Y Return | +16.32% | +19.43%Best |
| 3Y Return (annualized) | +16.72% | +21.18%Best |
| 5Y Return (annualized) | +11.77% | +12.76%Best |
| Volatility (annualized) | 19.6% | 14.1%Best |
| Max Drawdown | -46.5% | -34.3%Best |
| $10,000 over 5 years | $17,443 | $18,230Best |
| Top 10 Weight | 20.1%Best | 36.4% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Feb 20, 2008 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 8, 2026 (16 years).
RWK vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
RWK vs VOO Performance
Invesco S&P MidCap 400 Revenue ETF (RWK) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RWK returned +16.32% while VOO returned +19.43%. Year to date, RWK is up 15.56% versus a gain of 12.74% for VOO.
Over three years, RWK compounded at +16.72% per year against +21.18% for VOO; over five years the annualized figures are +11.77% and +12.76% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +12.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWK has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 14.1% 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 -46.5% for RWK and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWK 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, RWK currently yields 0.99% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 394 holdings in RWK and 504 in VOO, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 394 positions we hold weights for in RWK and 504 in VOO, against full books of 402 and 509.
What only one of them owns
Our book lists 494 positions for VOO that do not appear in our book for RWK (99.3% of the fund), and 387 for RWK that do not appear in VOO (98.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of RWK and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RWK or VOO?
RWK has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, RWK or VOO?
Over the past year RWK returned +16.32% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RWK annualized +12.25% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWK or VOO?
RWK has been the more volatile fund at 19.6% annualized versus 14.1% for VOO. Worst drawdown: RWK -46.5% vs VOO -34.3%.
Should I hold both RWK and VOO?
RWK and VOO have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RWK or VOO?
RWK yields 0.99% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than RWK?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. RWK is less concentrated, with 20.1% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.