RWK vs VYM
Invesco S&P MidCap 400 Revenue ETF vs Vanguard High Dividend Yield ETF
Which is better, RWK or VYM?
Mid Cap Value against Large Cap Value.
VYM has a lower expense ratio. RWK led over the full window, VYM over 1Y, 3Y and 5Y. RWK is less concentrated, with 20.1% of the fund in its ten largest positions against 25.9%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.39% | 0.04%Best |
| AUM | $1.3B | $81.6B |
| Dividend Yield | 0.99% | 2.24% |
| Holdings | 402 | 613 |
| YTD Return | +15.56%Best | +14.33% |
| 1Y Return | +16.32% | +20.01%Best |
| 3Y Return (annualized) | +16.72% | +18.43%Best |
| 5Y Return (annualized) | +11.77% | +12.16%Best |
| Volatility (annualized) | 21.6% | 14.8%Best |
| Max Drawdown | -56.9% | -53.6%Best |
| $10,000 over 5 years | $17,443 | $17,750Best |
| Top 10 Weight | 20.1%Best | 25.9% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Feb 20, 2008 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Feb 22, 2008 to Sep 8, 2026 (18.5 years).
RWK vs VYM 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 18.5 years both funds cover.
RWK vs VYM Performance
Invesco S&P MidCap 400 Revenue ETF (RWK) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year RWK returned +16.32% while VYM returned +20.01%. Year to date, RWK is up 15.56% versus a gain of 14.33% for VYM.
Over three years, RWK compounded at +16.72% per year against +18.43% for VYM; over five years the annualized figures are +11.77% and +12.16% respectively. Across the full 19-year window we track, RWK has the edge at +10.45% annualized vs +7.74%.
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 14.8% for VYM. 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 -53.6% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWK charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, RWK currently yields 0.99% against 2.24% for VYM.
Holdings Overlap
40.8% of RWK's money is in holdings VYM also owns. 4.4% of VYM's money is in holdings RWK also owns.
The two portfolios partly overlap.
145 positions in common, counted across the 394 positions we hold weights for in RWK and 602 in VYM, against full books of 402 and 613.
What only one of them owns
Our book lists 426 positions for VYM that do not appear in our book for RWK (92.9% of the fund), and 244 for RWK that do not appear in VYM (58.1%).
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.
Top Shared Holdings
| Stock | Weight in RWK | Weight in VYM | Difference |
|---|---|---|---|
| ACIAlbertsons Cos. Llc / Safeway Inc. / New Albertsons Inc. | 2.42% | 0.02% | 2.40% |
| PBFPbf Energy Inc-class A | 1.83% | 0.02% | 1.81% |
| PAGPenske Automotive Group Inc | 1.49% | 0.01% | 1.48% |
| DINOHollyfrontier | 1.35% | 0.04% | 1.31% |
| RGAReinsurance Group Of America Inc | 1.12% | 0.06% | 1.06% |
| AVTAvnet Inc | 1.06% | 0.03% | 1.03% |
| MMacy'S Inc. | 1.01% | 0.03% | 0.98% |
| CRBGCorebridge Financial Inc | 0.83% | 0.03% | 0.80% |
| LEALear Corp. | 0.83% | 0.03% | 0.80% |
| DKSDick's Sporting Goods Inc | 0.70% | 0.06% | 0.64% |
40.8% of RWK is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RWK or VYM?
RWK has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, RWK or VYM?
Over the past year RWK returned +16.32% vs +20.01% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), RWK annualized +10.45% vs +7.74% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWK or VYM?
RWK has been the more volatile fund at 21.6% annualized versus 14.8% for VYM. Worst drawdown: RWK -56.9% vs VYM -53.6%.
Should I hold both RWK and VYM?
RWK and VYM have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RWK and VYM?
40.8% of RWK's money is in holdings VYM also owns. 4.4% of VYM's is in holdings RWK also owns. They hold 145 positions in common, counted across the 394 positions we hold weights for in RWK and 602 in VYM.
Which pays a higher dividend, RWK or VYM?
RWK yields 0.99% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than RWK?
VYM has a lower expense ratio. RWK led over the full window, VYM over 1Y, 3Y and 5Y. RWK is less concentrated, with 20.1% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.