Invesco S&P MidCap 400 Revenue ETF
$142.00−0.77 (−0.54%)
- Expense ratio
- 0.39%
- Fund size
- $1.3B
- 1Y return
- +14.9%
- Yield · Last 12 months
- 1.07%
- Holdings
- 401
- Volume · 30D
- 0M sh
- NAV per share
- $142.54
- 52W range
The ETF.net RWK Grade
Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 14Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 97Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 41Category rank
Our read on RWK
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.
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 Holdings
- Stocks
- 401
- 21%
- SNX
Sectors
- Industrials20.9%
- Consumer Discr.20.2%
- Financials13.4%
- Technology11.8%
- Cons. Staples10.9%
- Energy6.7%
- Health Care5.6%
- Materials4.5%
- Real Estate3.1%
- Utilities1.6%
- Communication1.4%
Geography
- United States97.21%
- United Kingdom1.36%
- Bermuda0.68%
- Sweden0.43%
- Ireland0.20%
- Cayman Islands0.12%
RWK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | RWK |
|---|---|
| Year to date | +13.9% |
| 1 month | −4.4% |
| 3 months | −0.4% |
| 1 year | +14.9% |
| 3 years | +16.6% |
| 5 years | +11.7% |
| 10 years | +12.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RWK |
|---|---|---|
| 2026 YTD | +13.9% | |
| 2025 | +10.3% | |
| 2024 | +11.9% | |
| 2023 | +23.8% | |
| 2022 | −8.2% | |
| 2021 | +34.3% | |
| 2020 | +11.1% |
RWK in the news
ETF.net Research hasn’t filed on RWK yet — coverage lands here as it’s written.
RWK Dividends
- 1.07%
- $1.52
- $0.41 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.41 |
| Jun 22, 2026 | Jun 26, 2026 | $0.34 |
| Mar 23, 2026 | Mar 27, 2026 | $0.40 |
| Dec 22, 2025 | Dec 26, 2025 | $0.37 |
| Sep 22, 2025 | Sep 26, 2025 | $0.37 |
| Jun 23, 2025 | Jun 27, 2025 | $0.47 |
| Mar 24, 2025 | Mar 28, 2025 | $0.38 |
| Dec 23, 2024 | Dec 27, 2024 | $0.33 |
| Sep 23, 2024 | Sep 27, 2024 | $0.31 |
| Jun 24, 2024 | Jun 28, 2024 | $0.34 |
| Mar 18, 2024 | Mar 22, 2024 | $0.32 |
| Dec 18, 2023 | Dec 22, 2023 | $0.29 |
RWK Risk
- 16.5%
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.
- 0.71
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.
- −24.6%
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.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RWK Cost
- The middle half of S&P MidCap 400 funds
- Median 0.15%
9 of the 11 S&P MidCap 400 funds charge less.