Invesco S&P MidCap 400 Revenue ETF
$142.78+0.91 (+0.64%)
- 0.39%
- $1.3B
- +19.4%
- 1.07%
- 0M sh
- $141.81
- low $118.54high $152.74
The ETF.net RWK Grade
C
Score 46 out of 100
- 9 of 11
Score 46 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 100Rank 10 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 9 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 6 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 8 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 10 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 8 of 11
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
- 400
- 21%
- ACI
Sectors
- Industrials21.4%
- Consumer Discretionary19.5%
- Technology12.9%
- Financials12.2%
- Consumer Staples11.3%
- Health Care6.8%
- Energy5.4%
- Materials4.6%
- Real Estate3.0%
- Utilities1.5%
- Communication1.4%
Geography
- United States97.64%
- United Kingdom0.94%
- Bermuda0.59%
- Sweden0.42%
- Cayman Islands0.23%
- Ireland0.18%
RWK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
RWK$11,937
Returns run to the Oct 12, 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 | +13.1% |
| 1 month | −2.5% |
| 3 months | −2.9% |
| 1 year | +19.4% |
| 3 years | +17.3% |
| 5 years | +11.1% |
| 10 years | +12.4% |
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 | +13.1% | |
| 2025 | +10.3% | |
| 2024 | +11.9% | |
| 2023 | +23.8% | |
| 2022 | −8.2% | |
| 2021 | +34.3% | |
| 2020 | +11.1% |
RWK in the news
RWK Dividends
- 1.07%
- $1.52
- $0.41 per share
- Quarterly
Distribution history
RWK Risk
- 16.7%
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.
- 0.66
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.
- 1.04
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
0.39%
RWK0.39%
- The middle half of S&P MidCap 400 funds
- Median 0.15%
9 of the 11 S&P MidCap 400 funds charge less.
Other funds in S&P MidCap 400
- BXJHiShares ESG Select Screened S&P Mid-Cap ETFExpense ratio 0.12%1 year return +17.9%
- BMDYGState Street SPDR S&P 400 Mid Cap Growth ETFExpense ratio 0.15%1 year return +20.0%
- BIJJiShares S&P Mid-Cap 400 Value ETFExpense ratio 0.18%1 year return +13.9%
- CMIDEXtrackers S&P MidCap 400 Scored & Screened ETFExpense ratio 0.15%1 year return +19.8%
- DMCOWPacer Funds Trust - Pacer S&P MidCap 400 Quality FCF Aristocrats ETFExpense ratio 0.49%1 year return +13.5%