RWK vs VYM
Invesco S&P MidCap 400 Revenue ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. RWK delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | RWK | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $1.4B | $81.6B | |
| Dividend Yield | 0.99% | 2.24% | |
| Holdings | 402 | 616 | |
| YTD Return | +17.43% | +15.60% | |
| 1Y Return | +24.29% | +23.48% | |
| 3Y Return (annualized) | +17.03% | +19.07% | |
| 5Y Return (annualized) | +12.54% | +12.50% | |
| Volatility (annualized) | 21.6% | 14.6% | |
| Max Drawdown | -56.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 20, 2008 | Nov 10, 2006 |
RWK vs VYM Performance
Invesco S&P MidCap 400 Revenue ETF (RWK) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year RWK returned +24.29% while VYM returned +23.48%. Year to date, RWK is up 17.43% versus a gain of 15.60% for VYM.
Over three years, RWK compounded at +17.03% per year against +19.07% for VYM; over five years the annualized figures are +12.54% and +12.50% respectively. Across the full 19-year window we track, RWK has the edge at +10.57% annualized vs +7.05%. 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 14.6% 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 -58.8% for VYM. 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 0.89. 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
RWK and VYM share 143 holdings out of 853 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $35 per year of difference.
Which performed better, RWK or VYM?
Over the past year RWK returned +24.29% vs +23.48% for VYM, so RWK leads on 1-year performance. Over the longest common window we track (19 years), RWK annualized +10.57% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, RWK or VYM?
RWK has been the more volatile fund at 21.6% annualized versus 14.6% for VYM. Worst drawdown: RWK -56.9% vs VYM -58.8%.
Should I hold both RWK and VYM?
RWK and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWK and VYM?
RWK and VYM share 143 common holdings with a 4.3% weight overlap. Combined, they hold 853 unique securities.
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.
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