Fred Piard Investing Group Leader

Summary

The Invesco S&P SmallCap 600 Revenue ETF keeps a Buy rating due to sustained outperformance versus its benchmark and a supportive macro outlook.

RWJ’s revenue-weighted strategy emphasizes consumer discretionary and industrials, offering low company-specific risk and significant sector diversification away from large-cap tech.

Valuation metrics are notably cheaper than IJR, with a strong 10-year dividend growth and a track record of outperformance, especially over the past year.

Current macro conditions—high rates and value’s historical undervaluation—support RWJ’s positioning as a compelling small-cap value allocation.

Quantitative Risk & Value members get exclusive access to our real-world portfolio.…