Invesco S&P SmallCap 600 Revenue ETF (RWJ) Performance
RWJ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.0% since Dec 31, 2025
- 1 year
- +20.2% total return
- 5 years
- +8.6% a year
- 10 years
- +12.9% a year
- Since first price
- +12.1% a year since 2008
RWJ trailing returns vs SPY, QQQ, AGG
| Period | RWJ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.1% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +5.6% | +7.8% | +8.4% | −1.5% |
| YTD | +20.0% | +18.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.2% | +18.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.7%+20.7%/yr | +69.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +51.3%+8.6%/yr | +42.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +237.5%+12.9%/yr | +200.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +579.8%+13.6%/yr | +478.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 22, 2008 | +745.6%+12.1%/yr | +607.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RWJ vs SPY
From Feb 22, 2008: RWJ grew to $84,563, SPY to $78,870.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RWJ returns by calendar year
13 of 17 full years positive. Best 2021 (+52.8%), worst 2018 (−17.0%). 2026 is year to date.
RWJ annual returns table
| Year | RWJ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.0% | −11.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.7% | −26.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.8% | −10.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.2% | −19.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.0% | −23.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +52.8% | −12.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +20.8% | −45.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.3% | −19.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.0% | −30.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +5.1% | −12.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +30.7% | −12.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.8% | −16.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +6.5% | −13.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +45.9% | −6.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.3% | −15.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.9% | −27.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +26.0% | −23.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +46.5% | −38.5% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RWJ largest drawdowns
Now 7.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 19, 2008 | −56.0% | Mar 9, 2009 | Oct 12, 2009 | 6 months | 1.1 years |
| Aug 22, 2018 | −51.3% | Mar 18, 2020 | Nov 23, 2020 | 1.6 years | 2.3 years |
| Nov 25, 2024 | −29.3% | Apr 8, 2025 | Sep 18, 2025 | 4 months | 10 months |
| Jul 7, 2011 | −27.4% | Oct 3, 2011 | Feb 2, 2012 | 3 months | 7 months |
| Jun 23, 2015 | −25.8% | Feb 11, 2016 | Nov 10, 2016 | 8 months | 1.4 years |
| Nov 16, 2021 | −25.6% | Sep 26, 2022 | Mar 21, 2024 | 10 months | 2.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RWJ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +17.0% | +8.9% | +12.3% | +12.0% |
| Volatility (annualized) | 20.9% | 22.4% | 25.8% | 24.8% |
| Sharpe ratio | 0.65 | 0.33 | 0.49 | 0.53 |
| Sortino ratio | 1.15 | 0.54 | 0.80 | 0.85 |
| Best month | +13.5% | +14.6% | +25.3% | +26.5% |
| Worst month | −8.1% | −12.1% | −24.5% | −24.5% |
| Best 12 months | +46.7% | +46.7% | +174.0% | +174.0% |
| Worst 12 months | −3.8% | −17.0% | −34.9% | −45.7% |
| Positive months | 61% | 55% | 58% | 60% |
| Beta vs S&P 500 | 1.15 | 1.10 | 1.28 | — |
| Correlation with S&P 500 | 0.68 | 0.77 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RWJ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 213 | −45.7% | +9.9% | +174.0% | 71% |
| 3-year (a year) | 189 | −13.0% | +13.5% | +40.1% | 95% |
| 5-year (a year) | 165 | −5.5% | +13.5% | +33.4% | 98% |
| 10-year (a year) | 105 | +4.8% | +11.7% | +18.9% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
RWJ performance overview
Invesco S&P SmallCap 600 Revenue ETF (RWJ) returned +20.2% over the past year and +12.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +12.1% a year, turning $10,000 into about $84,563. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −56.0%, from Sep 19, 2008 to Mar 9, 2009, and it took 7 months to get back to the old high. RWJ finished 13 of its 17 full calendar years with a gain; the best year was 2021 (+52.8%) and the worst 2018 (−17.0%). Volatility has been 24.8% a year.
Related: RWJ chart, RWJ holdings, RWJ dividends. See the RWJ overview for the latest quote and fund facts.
RWJ performance FAQ
What is the RWJ return over the past year?
RWJ returned +20.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.7%.
What is the average annual return of RWJ?
RWJ has returned +8.6% a year over 5 years, +12.9% a year over 10 years, +12.1% a year since February 22, 2008 (total return, distributions reinvested).
How much would $10,000 invested in RWJ be worth?
$10,000 invested in RWJ at its first recorded close on February 22, 2008 would be worth about $84,563 on October 23, 2026 with distributions reinvested.
What was the worst year for RWJ?
The worst calendar year was 2018, with a total return of −17.0%. The best was 2021 at +52.8%.
What is the biggest drawdown of RWJ?
The largest peak-to-trough decline was −56.0% between September 19, 2008 and March 9, 2009. It recovered to the old high on October 12, 2009, 7 months after the bottom.
How volatile is RWJ?
Over the past 3 years RWJ had an annualized volatility of 20.9% and a Sharpe ratio of 0.65 (excess return over 1–3 month T-bills per unit of risk).