RWK vs VOO
Invesco S&P MidCap 400 Revenue ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RWK delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | RWK | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $1.4B | $997.4B | |
| Dividend Yield | 0.99% | 1.08% | |
| Holdings | 402 | 509 | |
| YTD Return | +17.43% | +13.20% | |
| 1Y Return | +24.29% | +21.62% | |
| 3Y Return (annualized) | +17.03% | +22.16% | |
| 5Y Return (annualized) | +12.54% | +13.42% | |
| Volatility (annualized) | 21.6% | 14.1% | |
| Max Drawdown | -56.9% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 20, 2008 | Sep 7, 2010 |
RWK vs VOO Performance
Invesco S&P MidCap 400 Revenue ETF (RWK) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RWK returned +24.29% while VOO returned +21.62%. Year to date, RWK is up 17.43% versus a gain of 13.20% for VOO.
Over three years, RWK compounded at +17.03% per year against +22.16% for VOO; over five years the annualized figures are +12.54% and +13.42% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +10.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWK has been the more volatile fund, with annualized monthly volatility of 21.6% 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 -56.9% for RWK 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 0.88. 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
RWK and VOO share 0 holdings out of 898 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, RWK or VOO?
RWK 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, RWK or VOO?
Over the past year RWK returned +24.29% vs +21.62% for VOO, so RWK leads on 1-year performance. Over the longest common window we track (16 years), RWK annualized +10.57% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, RWK or VOO?
RWK has been the more volatile fund at 21.6% annualized versus 14.1% for VOO. Worst drawdown: RWK -56.9% vs VOO -34.3%.
Should I hold both RWK and VOO?
RWK and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWK and VOO?
RWK and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 898 unique securities.
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.
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