Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Invesco S&P SmallCap 600 Revenue ETF
$57.30+0.32 (+0.56%)
- 0.39%
- $2.0B
- +24.8%
- 1.14%
- 0.1M sh
- $57.00
- low $44.70high $62.86
The ETF.net RWJ Grade
C
Score 39 out of 100
- 11 of 13
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 12 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A71 out of 100Rank 11 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 11 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 8 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 10 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 9 of 13
Our read on RWJ
CSame 600 small caps as the standard S&P SmallCap 600, sorted by sales instead of market value. Revenue weighting pushes the portfolio toward companies with big top lines rather than big share prices.
The fund is based on the S&P SmallCap 600 Revenue-Weighted Index and invests at least 90% of total assets in index securities. It limits each company to a maximum 5% weighting and rebalances quarterly with the index.
Why people hold it
- The index reweights the S&P SmallCap 600 by revenue, caps any company at 5%, and rebalances quarterly. A rules-based tilt, no stock picking.invesco.com
- Live since 2008, so this weighting scheme has run through the financial crisis, the 2020 crash and every stretch since.
- Holds about 600 names and distributes quarterly; the 5% cap stops one winner from swallowing the portfolio.
Worth knowing
- The 0.39% fee runs roughly double the typical S&P 600 tracker, and cap-weighted versions like SPSM (0.03%) and IJR (0.06%) cost a fraction. That is the price of reweighting.
- Ranking by sales favors high-revenue, thin-margin businesses, so sector weights can sit a long way from the cap-weighted S&P SmallCap 600.
- Resetting to revenue weights every quarter means more turnover than a set-and-forget cap-weighted fund.
RWJ Holdings
- Stocks
- 603
- 14%
- WKC
Sectors
- Consumer Discretionary24.9%
- Industrials16.8%
- Financials11.2%
- Technology10.8%
- Consumer Staples9.3%
- Energy8.4%
- Health Care6.3%
- Materials4.8%
- Real Estate3.8%
- Communication2.7%
- Utilities0.9%
Geography
- United States96.60%
- Ireland1.31%
- Bermuda0.73%
- Switzerland0.57%
- United Kingdom0.26%
- Cayman Islands0.25%
- Israel0.08%
- Bahamas0.07%
- 0.13%
RWJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
RWJ$12,477
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RWJ |
|---|---|
| Year to date | +18.0% |
| 1 month | −4.0% |
| 3 months | −3.9% |
| 1 year | +24.8% |
| 3 years | +18.7% |
| 5 years | +8.7% |
| 10 years | +12.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RWJ |
|---|---|---|
| 2026 YTD | +18.0% | |
| 2025 | +7.7% | |
| 2024 | +11.8% | |
| 2023 | +16.2% | |
| 2022 | −11.0% | |
| 2021 | +52.9% | |
| 2020 | +20.8% |
RWJ in the news
RWJ Dividends
- 1.14%
- $0.65
- $0.19 per share
- Quarterly
Distribution history
RWJ Risk
- 20.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.64
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −29.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RWJ Cost
0.39%
RWJ0.39%
- The middle half of S&P SmallCap 600 funds
- Median 0.15%
11 of the 13 S&P SmallCap 600 funds charge less.
Other funds in S&P SmallCap 600
- BQVMSInvesco S&P SmallCap 600 QVM Multi-factor ETFExpense ratio 0.15%1 year return +22.1%
- BIJSiShares S&P Small-Cap 600 Value ETFExpense ratio 0.18%1 year return +23.8%
- CRZGInvesco S&P SmallCap 600 Revenue ETFExpense ratio 0.35%1 year return +20.2%
- DGRPZInvesco S&P SmallCap 600 GARP ETFExpense ratio 0.35%1 year return +23.5%
- DSCOWPacer Funds Trust - Pacer S&P SmallCap 600 Quality FCF Aristocrats ETFExpense ratio 0.59%1 year return +14.4%