Invesco S&P 500 Revenue ETF
$130.88−0.65 (−0.49%)
- Expense ratio
- 0.39%
- Fund size
- $9.9B
- 1Y return
- +21.5%
- Yield · Last 12 months
- 1.22%
- Holdings
- 507
- Volume · 30D
- 0.3M sh
- NAV per share
- $132.00
- 52W range
The ETF.net RWL Grade
Score 66 of 100 sits in the B 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.CScore 40Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 93Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 83Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
Our read on RWL
BSame 500 companies as the S&P 500, sized by sales instead of share price. Revenue weighting with a 5% cap per name shifts weight toward the biggest top lines and away from the crowd sitting at the top of the cap-weighted index.
The Fund is based on the S&P 500 Revenue-Weighted Index and uses revenue-based constituent weighting. It invests at least 90% of total assets in securities comprising the Index.
Why people hold it
- Reweights the S&P 500 by company revenue and caps any single name at 5% at each quarterly rebalance, a different concentration profile than the cap-weighted original.invesco.com
- Costs 0.39% a year, below the median fee in its index-wrapper peer group, and keeps at least 90% of assets in the index's own constituents.
- Live since 2008 and now a multi-billion-dollar fund holding roughly 500 stocks, paying quarterly. That is a long runway for a rules-based tilt.
- Sits in the upper tier of the plain index wrappers we track, helped by a steady risk profile and easy trading.
Worth knowing
- 0.39% is a real step up from bare-bones S&P 500 trackers like SPYV at 0.04% or SCHK at 0.03%. That gap is what the reweighting costs.
- Revenue sets the weights, so a high-sales, thin-margin business can outrank a far more profitable one. A genuine departure from the benchmark most people watch.invesco.com
- Snapping back to revenue weights every quarter means more portfolio turnover than a set-and-forget cap-weighted fund.invesco.com
RWL Holdings
- Stocks
- 507
- 23%
- AMZN
Sectors
- Health Care19.4%
- Financials15.6%
- Technology14.2%
- Consumer Discr.12.1%
- Cons. Staples10.3%
- Industrials8.6%
- Communication7.5%
- Energy7.2%
- Utilities2.3%
- Materials2.0%
- Real Estate0.9%
Geography
- United States97.31%
- Ireland1.52%
- Switzerland0.55%
- United Kingdom0.23%
- Netherlands0.19%
- Bermuda0.10%
- Singapore0.05%
- Canada0.05%
RWL 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 | RWL |
|---|---|
| Year to date | +16.0% |
| 1 month | −1.5% |
| 3 months | +3.9% |
| 1 year | +21.5% |
| 3 years | +20.3% |
| 5 years | +14.2% |
| 10 years | +14.1% |
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 | RWL |
|---|---|---|
| 2026 YTD | +16.0% | |
| 2025 | +18.6% | |
| 2024 | +16.4% | |
| 2023 | +17.4% | |
| 2022 | −6.0% | |
| 2021 | +30.3% | |
| 2020 | +9.2% |
RWL in the news
ETF.net Research hasn’t filed on RWL yet — coverage lands here as it’s written.
RWL Dividends
- 1.22%
- $1.61
- $0.40 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.40 |
| Jun 22, 2026 | Jun 26, 2026 | $0.39 |
| Mar 23, 2026 | Mar 27, 2026 | $0.43 |
| Dec 22, 2025 | Dec 26, 2025 | $0.39 |
| Sep 22, 2025 | Sep 26, 2025 | $0.40 |
| Jun 23, 2025 | Jun 27, 2025 | $0.36 |
| Mar 24, 2025 | Mar 28, 2025 | $0.39 |
| Dec 23, 2024 | Dec 27, 2024 | $0.36 |
| Sep 23, 2024 | Sep 27, 2024 | $0.36 |
| Jun 24, 2024 | Jun 28, 2024 | $0.33 |
| Mar 18, 2024 | Mar 22, 2024 | $0.35 |
| Dec 18, 2023 | Dec 22, 2023 | $0.38 |
RWL Risk
- 11.4%
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.
- 1.28
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.
- −17.5%
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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RWL Cost
- The middle half of Other Major Indexes funds
- Median 0.29%
26 of the 42 Other Major Indexes funds charge less.