RWJvsSPSMETF Comparison
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Invesco S&P SmallCap 600 Revenue ETF (RWJ) belongs to the US Small Cap segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Multi-Factor segment. RWJ's top 3 sector exposures are Consumer Cyclicals, Industrials and Finance. In contrast, SPSM's top sector exposures are Finance, Technology and Industrials. RWJ is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.03% for SPSM. RWJ is up 23.6% year-to-date (YTD) with +$169M in YTD flows. SPSM performs worse with 18.62% YTD performance, and +$752M in YTD flows. Run a side-by-side ETF comparison of RWJ and SPSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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RWJ vs SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RWJ SPSM | +4.28%+2.05% | -3.27%-4.02% | +23.60%+18.62% | +26.76%+21.43% | +75.68%+61.80% | +54.19%+32.83% |
| Flows | RWJ SPSM | +$20M-$131M | +$60M-$400M | +$169M+$752M | +$157M+$1.01B | +$20M+$3.49B | +$743M+$8.01B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWJ SPSM | +13.87%+12.10% | +17.25%+15.94% | +21.86%+20.01% | +23.08%+21.12% |
| Max drawdown | RWJ SPSM | -10.13%-9.65% | -11.23%-9.65% | -29.24%-27.91% | -29.24%-27.91% |
| Max drawdown duration | RWJ SPSM | 90d78d | 67d78d | 289d380d | 289d380d |
Trading data
RWJ | SPSM | |
Last sale 11/3/2026 at 2:48 PM | $59.24 | $55.34 |
| Previous close 11/02/2026 | $59.68 | $54.98 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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RWJ | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 2:48 PM
Live
Closed
RWJ | SPSM | |
|---|---|---|
| Last price | $59.24 | $55.34 |
| 1D performance | -0.74% | +0.65% |
| AuM | $2.08 B | $16.13 B |
| E/R | 0.39% | 0.03% |
Characteristics
RWJ | SPSM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P SmallCap 600 Revenue-Weighted Index | S&P SmallCap 600 GARP Index |
| N° of holdings | 600 | 600 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 22, 2008 | July 8, 2013 |
| ESG | No | No |
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Exposure
Countries
RWJ
USA
97.08%
Other
2.92%
SPSM
USA
97.13%
Other
2.87%
Sectors
RWJ
Consumer Cyclical.
18.2%
Industrials
15.26%
Finance
15.2%
Consumer Non-Cycl.
12.24%
Technology
9.48%
Other
29.61%
SPSM
Finance
25.23%
Technology
14.09%
Industrials
12.23%
Healthcare
10.8%
Consumer Cyclical.
7.75%
Other
29.9%
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Diversification
RWJ
Total weight of top 15 holdings out of 15
18.26%
SPSM
Total weight of top 15 holdings out of 15
7.6%
Top 15 holdings
Data as of September 30, 2026
RWJ
World Kinect Corp.
2.67%
United Natural Foods, Inc.
2.07%
CarMax, Inc.
1.71%
Lincoln National Corp.
1.26%
ManpowerGroup, Inc.
1.22%
Group 1 Automotive, Inc.
1.21%
Kohl's Corp.
1.04%
Goodyear Tire & Rubber Co.
1.00%
Asbury Automotive Group, Inc.
0.98%
Adient plc
0.91%
Builders FirstSource, Inc.
0.88%
Amentum Holdings, Inc.
0.88%
LKQ Corp.
0.85%
Sonic Automotive, Inc.
0.82%
DXC Technology Co.
0.76%
SPSM
FormFactor, Inc.
0.68%
ViaSat, Inc.
0.56%
Glaukos Corp.
0.56%
Qorvo, Inc.
0.55%
Match Group, Inc.
0.54%
Protagonist Therapeutics, Inc.
0.53%
Paycom Software, Inc.
0.49%
Element Solutions, Inc.
0.48%
Ryman Hospitality Properties, Inc.
0.47%
Jackson Financial, Inc.
0.47%
SM Energy Co.
0.47%
TG Therapeutics, Inc.
0.46%
CarMax, Inc.
0.45%
Ralliant Corp.
0.44%
MaxLinear, Inc.
0.44%
Frequently asked questions about RWJ and SPSM
How have the RWJ and SPSM ETFs performed in 2026?
As of November 2, 2026, RWJ is up 23.6% year-to-date (YTD), while SPSM has returned 18.62%. That puts RWJ better performer ahead so far this year.
Which ETF is attracting more investor money: RWJ or SPSM?
Year-to-date, the RWJ ETF saw +$169M in flows, compared to +$752M for SPSM.
Which ETF is more volatile: RWJ or SPSM?
Over the past year, RWJ had a volatility of 17.25%, while SPSM experienced 15.94%.
Which ETF is bigger: RWJ or SPSM?
As of November 2, 2026, RWJ holds $2.08 B in assets under management (AUM), while SPSM manages $16.13 B.
What sectors do the RWJ and SPSM ETFs invest in?
RWJ leans toward sectors like Consumer Cyclicals, Industrials and Finance. Meanwhile, SPSM focuses on Finance, Technology and Industrials.
What are the top holdings of the RWJ ETF and SPSM ETF?
RWJ top holdings include World Kinect Corp., United Natural Foods, Inc. and CarMax, Inc.. SPSM holds in its top three: FormFactor, Inc., ViaSat, Inc. and Glaukos Corp..
Which ETF is more diversified: RWJ or SPSM?
RWJ holds 603 securities with 18.26% of its assets in the top 15. SPSM has 603 securities and a top 15 weight of 7.6%.
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Latest news about RWJ & SPSM
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
SPSM
Value ETFs Shine Amid Lower-Than-Expected Inflation
July 15, 2024
SPSM
ETF Insights: Top 5 Fund Flows and Segments for June 2023
July 7, 2023
SPSM
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