VS

Correlation: 95.9%

What is RWJ?

RWJ was created on 2008-02-19 by Invesco. The fund's investment portfolio concentrates primarily on small cap equity. RWJ tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue.

What is FNDA?

FNDA was created on 2013-08-15 by Schwab. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 8601.92m in AUM and 1021 holdings. FNDA tracks a fundamentally selected and weighted index of small US firms based on adjusted sales", retained operation cash flow", and dividends plus buybacks.

Key Details

RWJ
FNDA
Website
www.invesco.com
www.schwabassetmanagement.com
Inception Date

Feb 19, 2008

Aug 15, 2013

Asset Class

Equity

Equity

Investment Segment

Small Cap

Small Cap

AUM
$1.62B
$8.68B
Dividend Yield
1.44%
1.71%
Expense Ratio
0.39%
0.25%
Return 1Y
-6.67%
-5.45%

Holdings

Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF - RWJ is made up of 606 holdings. Schwab Fundamental U.S. Small Company ETF - FNDA is made up of 991 holdings.

Name
Weight
W
WKCWorld Kinect Corp.

3.15%

U
UNFIUnited Natural Foods, Inc.

2.37%

L
LNCLincoln National Corp.

1.61%

G
GPIGroup 1 Automotive, Inc.

1.35%

A
ABGAsbury Automotive Group, Inc.

1.19%

K
KSSKohl's Corp.

1.19%

B
BWABorgWarner, Inc.

1.05%

D
DXCDXC Technology Co.

0.99%

A
ADNTAdient plc

0.98%

S
SAHSonic Automotive, Inc.

0.97%

A
ANDEThe Andersons, Inc.

0.87%

C
CECelanese Corp.

0.81%

A
AAPAdvance Auto Parts, Inc.

0.79%

L
LUMNLumen Technologies, Inc. (Louisiana)

0.78%

A
AMTMAmentum Holdings, Inc.

0.77%

O
OMIOwens & Minor, Inc.

0.76%

D
DANDana, Inc.

0.73%

S
SPTNSpartanNash Co.

0.73%

H
HTZHertz Global Holdings, Inc.

0.7%

P
PARRPar Pacific Holdings, Inc.

0.68%

A
ABMABM Industries, Inc.

0.66%

C
CWKCushman & Wakefield Plc

0.64%

S
SIGSignet Jewelers Ltd.

0.62%

N
NSITInsight Enterprises, Inc.

0.62%

J
JBLUJetBlue Airways Corp.

0.62%

C
CVICVR Energy, Inc.

0.6%

G
GNWGenworth Financial, Inc.

0.6%

R
RUSHARush Enterprises, Inc.

0.59%

S
SANMSanmina Corp.

0.58%

F
FLFoot Locker, Inc.

0.55%

Name
Weight
G
GEOThe GEO Group, Inc.

0.35%

V
VRSNVeriSign, Inc.

0.35%

C
COOPMr. Cooper Group, Inc.

0.33%

U
URBNUrban Outfitters, Inc.

0.3%

C
CHEChemed Corp.

0.29%

W
WWDWoodward, Inc.

0.29%

S
SSBSouthState Corp.

0.28%

R
RPRXRoyalty Pharma Plc

0.28%

J
JWNNordstrom, Inc.

0.28%

U
UALUnited Airlines Holdings, Inc.

0.28%

P
PDCOPatterson Cos., Inc.

0.27%

T
TNLTravel Leisure Co.

0.27%

B
BKHBlack Hills Corp.

0.27%

T
TXNMTXNM Energy, Inc.

0.27%

S
SWXSouthwest Gas Holdings, Inc.

0.27%

H
HRBH&R Block, Inc.

0.27%

R
RDNRadian Group Inc.

0.27%

S
SRSpire Inc.

0.26%

D
DBXDropbox, Inc.

0.26%

F
FTITechnipFMC plc

0.26%

G
GMEGameStop Corp.

0.26%

S
SFStifel Financial Corp.

0.26%

W
WHWyndham Hotels & Resorts, Inc.

0.26%

O
OHIOmega Healthcare Investors, Inc.

0.26%

S
SKYWSkyWest, Inc.

0.25%

L
LOPEGrand Canyon Education, Inc.

0.25%

F
FDPFresh Del Monte Produce, Inc.

0.25%

Z
ZZillow Group, Inc.

0.25%

A
AITApplied Industrial Technologies, Inc.

0.25%

C
COMPCompass, Inc. (New York)

0.25%

Strategies that include

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Stock Correlation

The stocks that are correlated to RWJ - Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF are AVNT, PNFP, LCII, HWC, SSB

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
A
AVNTAvient Corp.
80.96%$2.97B-23.37%3.49%
P
PNFPPinnacle Financial Partners, Inc.
79.64%$7.10B+12.99%1.05%
L
LCIILCI Industries
79.39%$2.06B-29.52%5.64%
H
HWCHancock Whitney Corp.
79.38%$4.09B+8.64%3.65%
S
SSBSouthState Corp.
79.30%$8.58B+5.68%2.66%
K
KNKnowles Corp.
79.24%$1.18B-15.60%0.00%
U
UBSIUnited Bankshares, Inc. (West Virginia)
78.97%$4.63B-4.99%4.71%
A
APAMArtisan Partners Asset Management, Inc.
78.89%$2.59B-16.13%8.36%
E
EWBCEast West Bancorp, Inc.
78.30%$10.79B+3.91%3.07%
E
ENVAEnova International, Inc.
78.29%$2.38B+48.62%0.00%
S
SBCFSeacoast Banking Corp. of Florida
78.23%$2.02B-1.34%2.99%
W
WTFCWintrust Financial Corp.
78.09%$6.66B-0.13%1.97%
R
REZIResideo Technologies, Inc.
78.08%$2.43B-24.70%0.00%
I
ITTITT, Inc.
78.01%$9.73B-9.12%1.15%
S
SCLStepan Co.
77.98%$1.12B-42.94%3.13%
N
NPOEnpro, Inc.
77.92%$3.13B-11.32%0.86%
I
IBOCInternational Bancshares Corp.
77.91%$3.60B+5.35%2.37%
A
ABCBAmeris Bancorp
77.84%$3.60B+11.05%1.40%
S
SFBSServisFirst Bancshares, Inc.
77.83%$4.04B+18.24%1.80%
A
AITApplied Industrial Technologies, Inc.
77.80%$8.32B+11.54%0.76%

The stocks that are correlated to FNDA - Schwab Fundamental U.S. Small Company ETF are PNFP, ITT, HWC, WTFC, SSB

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
P
PNFPPinnacle Financial Partners, Inc.
82.75%$7.10B+12.99%1.05%
I
ITTITT, Inc.
82.42%$9.73B-9.12%1.15%
H
HWCHancock Whitney Corp.
82.22%$4.09B+8.64%3.65%
W
WTFCWintrust Financial Corp.
82.07%$6.66B-0.13%1.97%
S
SSBSouthState Corp.
81.81%$8.58B+5.68%2.66%
A
AITApplied Industrial Technologies, Inc.
81.32%$8.32B+11.54%0.76%
U
UBSIUnited Bankshares, Inc. (West Virginia)
81.29%$4.63B-4.99%4.71%
I
IBOCInternational Bancshares Corp.
81.18%$3.60B+5.35%2.37%
A
AVNTAvient Corp.
81.15%$2.97B-23.37%3.49%
R
REZIResideo Technologies, Inc.
81.05%$2.43B-24.70%0.00%
S
SFBSServisFirst Bancshares, Inc.
81.00%$4.04B+18.24%1.80%
A
ABCBAmeris Bancorp
80.92%$3.60B+11.05%1.40%
O
ONBOld National Bancorp
80.86%$5.99B+12.79%3.15%
S
SBCFSeacoast Banking Corp. of Florida
80.81%$2.02B-1.34%2.99%
A
ASBAssociated Banc-Corp
80.78%$3.32B-4.53%4.79%
A
APAMArtisan Partners Asset Management, Inc.
80.72%$2.59B-16.13%8.36%
N
NPOEnpro, Inc.
80.71%$3.13B-11.32%0.86%
F
FNBF.N.B. Corp. (Pennsylvania)
80.69%$4.35B-10.97%4.25%
E
EWBCEast West Bancorp, Inc.
80.52%$10.79B+3.91%3.07%
S
SNVSynovus Financial Corp.
80.51%$5.65B+5.75%4.05%

ETF Correlation

The ETFs that are correlated to RWJ - Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF are SLYV, IJS, VIOV, RZV, IJR

Name
Correlation
AUM
Expense Ratio
S
SLYVSPDR S&P 600 Small Cap Value ETF
97.33%$3.79B0.15%
I
IJSiShares S&P Small Cap 600 Value ETF
97.26%$6.49B0.18%
V
VIOVVanguard S&P Small Cap 600 Value ETF
97.05%$1.24B0.1%
R
RZVInvesco S&P SmallCap 600 Pure Value ETF
96.85%$203.03M0.35%
I
IJRiShares Core S&P Small Cap ETF
96.79%$79.87B0.06%
S
SPSMSPDR Portfolio S&P 600 Small Cap ETF
96.72%$11.17B0.03%
V
VIOOVanguard S&P Small Cap 600 ETF
96.59%$2.79B0.07%
F
FNDASchwab Fundamental U.S. Small Company ETF
95.93%$8.68B0.25%
E
EESWisdomTree U.S. SmallCap Fund
95.87%$582.47M0.38%
D
DFSVDimensional US Small Cap Value ETF
95.85%$4.26B0.31%
I
IWNiShares Russell 2000 Value ETF
95.71%$11.04B0.24%
D
DFATDimensional U.S. Targeted Value ETF
95.60%$10.34B0.28%
A
AVUVAvantis U.S. Small Cap Value ETF
95.60%$14.93B0.25%
V
VBRVanguard Small Cap Value ETF
95.40%$28.86B0.07%
D
DFASDimensional U.S. Small Cap ETF
95.28%$9.38B0.26%
F
FYXTraded Fund III First Trust Small Cap Core AlphaDEX Fund
95.17%$842.66M0.6%
B
BSVOEA Bridgeway Omni Small Cap Value ETF
95.08%$1.41B0.47%
T
TPSCTimothy Plan US Small Cap Core ETF
94.91%$184.53M0.52%
E
EZMWisdomTree U.S. MidCap Fund
94.89%$761.11M0.38%
P
PRFZInvesco RAFI US 1500 Small Mid ETF
94.85%$2.38B0.39%

The ETFs that are correlated to FNDA - Schwab Fundamental U.S. Small Company ETF are IJR, DFAS, SPSM, VIOO, PRFZ

Name
Correlation
AUM
Expense Ratio
I
IJRiShares Core S&P Small Cap ETF
99.14%$79.87B0.06%
D
DFASDimensional U.S. Small Cap ETF
99.08%$9.38B0.26%
S
SPSMSPDR Portfolio S&P 600 Small Cap ETF
99.05%$11.17B0.03%
V
VIOOVanguard S&P Small Cap 600 ETF
98.90%$2.79B0.07%
P
PRFZInvesco RAFI US 1500 Small Mid ETF
98.81%$2.38B0.39%
V
VBRVanguard Small Cap Value ETF
98.65%$28.86B0.07%
N
NUSCNuveen ESG Small Cap ETF
98.51%$1.12B0.31%
S
SCHASchwab U.S. Small Cap ETF
98.47%$16.19B0.04%
E
ESMLiShares ESG Aware MSCI USA Small Cap ETF
98.41%$1.79B0.17%
I
IWNiShares Russell 2000 Value ETF
98.18%$11.04B0.24%
S
SMMDiShares Russell 2500 ETF
98.15%$1.31B0.15%
J
JMEETraded Fund Trust JPMorgan Small & Mid Cap Enhanced Equity ETF
98.14%$1.72B0.24%
I
IJSiShares S&P Small Cap 600 Value ETF
98.05%$6.49B0.18%
V
VTWOVanguard Russell 2000 Index ETF
98.03%$11.24B0.07%
V
VBVanguard Small Cap ETF
98.03%$60.03B0.05%
I
IWMiShares Russell 2000 ETF
98.01%$63.84B0.19%
G
GSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETF
97.94%$521.56M0.2%
V
VIOVVanguard S&P Small Cap 600 Value ETF
97.89%$1.24B0.1%
I
IJTiShares S&P Small Cap 600 Growth ETF
97.85%$5.92B0.18%
D
DFATDimensional U.S. Targeted Value ETF
97.84%$10.34B0.28%

Holding Overlap

RWJ - Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF and FNDA - Schwab Fundamental U.S. Small Company ETF have a 437 holding overlap. Which accounts for a 34.6% overlap.

Number of overlapping holdings

437

% of overlapping holdings

34.63%

Name
Weight in RWJ
Weight in FNDA
S
SAHSonic Automotive, Inc. - Ordinary Shares - Class A
0.97%0.13%
A
ANDEAndersons Inc.
0.87%0.19%
A
AMTMAmentum Holdings Inc.
0.77%0.02%
O
OMIOwens & Minor, Inc.
0.76%0.18%
P
PARRPar Pacific Holdings Inc
0.68%0.10%
C
CWKCushman & Wakefield plc
0.64%0.15%
S
SIGSignet Jewelers Ltd
0.62%0.13%
J
JBLUJetblue Airways Corp
0.62%0.21%
C
CVICVR Energy Inc
0.60%0.10%
V
VSCOVictoria`s Secret & Co
0.51%0.16%

News

SeekingAlpha

We may currently be entering a negative economic cycle, possibly caused by an exaggerated political cycle.

SeekingAlpha

The fund outperformed its benchmark and peers for the final quarter and full year 2024, driven by positive stock selection.

SeekingAlpha

Stock selection in life science tools & services, pharmaceuticals and distributors detracted from relative performance, as did an overweight in health care facilities.

SeekingAlpha

Class A shares at net asset value underperformed the MSCI ACWI SMID Cap Index and the Morningstar Global Small/Mid Stock Funds category average during Q4.

SeekingAlpha

Class A shares underperformed the MSCI ACWI Growth Index and ranked in the 45th percentile of the Morningstar Global Large Stock Growth category for Q4.

SeekingAlpha

Class A shares at net asset value underperformed the MSCI All-Country World Growth Index but outperformed the Morningstar Global Growth Stock Funds Category average during Q4.

SeekingAlpha

We may currently be entering a negative economic cycle, possibly caused by an exaggerated political cycle.

SeekingAlpha

Volatility returning has seen S&P 500 sink into correction territory. Morningstar Research's David Sekera says that while trade tensions have weighed on markets, there may be more at play.

SeekingAlpha

As of Thursday’s close, the S&P Small Cap 600 index was down -19.2 percent from the November 25 high, just shy of the technical bear market threshold of minus 20 percent.

SeekingAlpha

Why Is The IPO Market Struggling? Here's What Active Managers Have To Say

SeekingAlpha

Why I believe small caps have a lot more room to run. Learn more about the outsized potential that micro caps may offer.

SeekingAlpha

The Trump administration is into its first 100 days, with substantial policy shifts either underway or expected. Read more here.

Disclaimer

Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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