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Launched · SEC filings

Invesco S&P MidCap 400 Revenue ETF

RWKNYSE ArcaInvescoC

$147.50+1.97 (+1.35%)

As of Nov 2, 2026, 3:59 PM ET

C45/ 100

Rank 9 of 11 in S&P MidCap 400

C45/100Rank 9 of 11inS&P MidCap 400
Intraday session: up, 79 prints from 145.53 to 147.50. Range 146.01 to 148.31. Use the arrow keys to read each point.146.00146.50147.00148.0010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$1.32B
1Y total return
+19.1%
Yield · Last 12 months
1.05%
Holdings
399
Avg volume · 30D
19.3K sh
52W range
low $118.54high $152.74
Launched
Filings
SEC EDGAR

The ETF.net RWK Grade

C

Score 45 out of 100

Category
S&P MidCap 400⁠
Rank
9 of 11
Six-pillar profile for RWK. Scores out of 100: Cost 14, Risk 49, Mission 95, Tradability 29, Holdings 35, Durability 41. Strongest: Mission (95). Weakest: Cost (14). Leans toward Mission.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 10 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 9 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 8 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 8 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D35 out of 100
    Rank 10 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 8 of 11

Our read on RWK

ETF.net Research

In short

CSame 400 mid-cap companies as the standard S&P MidCap 400, but position size comes from annual revenue instead of market value. Sales set the weights, not sentiment. Invesco has run this playbook since 2008.

Stated mandate

The fund seeks to track the S&P MidCap 400 Revenue-Weighted Index by investing at least 90% of its total assets in securities included in that Index.

Why people hold it

  • The whole idea in one line: take the S&P MidCap 400 roster and reweight it by revenue. Big top-line companies get bigger slots, expensive-per-dollar-of-sales names get trimmed.spglobal.com
  • Roughly 400 holdings and a rules-based index behind them, so the portfolio is broad mid-cap rather than a stock-picker's short list.
  • It sticks close to the index it advertises. Tracking has been one of this fund's strongest attributes, so what you get matches what the fact sheet describes.
  • Distributions land on a quarterly schedule, and the fund has been through a full market cycle since its 2008 launch.

Worth knowing

  • 0.39% a year is the price of the twist. Plain S&P 400 trackers charge far less (SPMD 0.03%, IJH 0.05%), so the revenue tilt carries a real cost hurdle.
  • Volume is light next to the mid-cap heavyweights, which tends to mean wider bid-ask spreads on the way in and out.
  • Revenue weighting favors high-sales, thinner-margin businesses, so sector mix and value tilt drift away from the cap-weighted S&P MidCap 400.spglobal.com

RWK Performance

Launched Feb 20, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RWK$11,912
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. RWK $11,912. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for RWK. Periods over one year show the average yearly return.
PeriodRWK
Year to date+16.0%
1 month+5.1%
3 months−1.8%
1 year+19.1%
3 yearsper year+19.2%
5 yearsper year+11.1%
10 yearsper year+12.9%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RWK
YearReturn barRWK
2026 YTD+16.0%
2025+10.3%
2024+11.9%
2023+23.8%
2022−8.2%
2021+34.3%
2020+11.1%

RWK in the news

RWK Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.05%Last 12 months
Payout per share
$1.52Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Apr 4, 2017 $0.12; Oct 3, 2017 $0.16; Dec 28, 2017 $0.18; Mar 16, 2018 $0.11; Jun 19, 2018 $0.15; Sep 25, 2018 $0.16; Dec 26, 2018 $0.21; Mar 19, 2019 $0.10; Jun 24, 2019 $0.16; Sep 23, 2019 $0.20; Dec 23, 2019 $0.25; Mar 23, 2020 $0.22; Jun 22, 2020 $0.17; Sep 21, 2020 $0.14; Dec 21, 2020 $0.15; Mar 22, 2021 $0.17; Jun 21, 2021 $0.17; Sep 20, 2021 $0.27; Dec 20, 2021 $0.20; Mar 21, 2022 $0.23; Jun 21, 2022 $0.29; Sep 19, 2022 $0.27; Dec 19, 2022 $0.22; Mar 20, 2023 $0.27; Jun 20, 2023 $0.30; Sep 18, 2023 $0.24; Dec 18, 2023 $0.29; Mar 18, 2024 $0.32; Jun 24, 2024 $0.34; Sep 23, 2024 $0.31; Dec 23, 2024 $0.33; Mar 24, 2025 $0.38; Jun 23, 2025 $0.47; Sep 22, 2025 $0.37; Dec 22, 2025 $0.37; Mar 23, 2026 $0.40; Jun 22, 2026 $0.34; Sep 21, 2026 $0.41. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.41
Jun 22, 2026Jun 26, 2026$0.34
Mar 23, 2026Mar 27, 2026$0.40
Dec 22, 2025Dec 26, 2025$0.37
Sep 22, 2025Sep 26, 2025$0.37
Jun 23, 2025Jun 27, 2025$0.47
Mar 24, 2025Mar 28, 2025$0.38
Dec 23, 2024Dec 27, 2024$0.33
Sep 23, 2024Sep 27, 2024$0.31
Jun 24, 2024Jun 28, 2024$0.34
Mar 18, 2024Mar 22, 2024$0.32
Dec 18, 2023Dec 22, 2023$0.29

See all 73 payments⁠

$10,000 in RWK 10 years ago paid $2,033 in dividends.⁠

RWK Risk

Risk pillarC49 out of 100Rank 8 of 11 in S&P MidCap 400
How much the fund’s monthly returns vary, scaled to a year.
16.4%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.89
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−24.6%
Trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

RWK Cost

Compare RWK and SPMD

Overpaying vs SPMD, cheapest in S&P MidCap 400

$7,260

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RWK 0.39%

    $7,898

  • SPMD 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • RWK 0.39%
  • SPMD 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530RWK $7,898SPMD $638

Year by year

YearRWKSPMDOverpaying
10$705$55$650
20$2,725$216$2,509
30$7,898$638$7,260

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