Invesco S&P 500 Revenue ETF
$133.12+0.22 (+0.17%)
- 0.39%
- $10.0B
- +24.1%
- 1.21%
- 0.3M sh
- $132.36
- low $108.76high $135.88
The ETF.net RWL Grade
B
Score 66 out of 100
- 15 of 43
Score 66 of 100 falls in the B 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.D38 out of 100Rank 27 of 43Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A93 out of 100Rank 1 of 43Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 7 of 43Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 11 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 6 of 43
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
- 505
- 24%
- AMZN
Sectors
- Health Care18.8%
- Technology14.9%
- Financials14.3%
- Consumer Discretionary12.0%
- Consumer Staples11.1%
- Industrials9.0%
- Communication7.9%
- Energy6.8%
- Utilities2.4%
- Materials1.9%
- Real Estate0.9%
Geography
- United States97.21%
- Ireland1.56%
- Switzerland0.56%
- United Kingdom0.25%
- Netherlands0.22%
- Bermuda0.09%
- Singapore0.06%
- 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.
RWL$12,414
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 | RWL |
|---|---|
| Year to date | +17.2% |
| 1 month | −0.3% |
| 3 months | +2.3% |
| 1 year | +24.1% |
| 3 years | +21.2% |
| 5 years | +14.2% |
| 10 years | +14.4% |
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 | RWL |
|---|---|---|
| 2026 YTD | +17.2% | |
| 2025 | +18.6% | |
| 2024 | +16.4% | |
| 2023 | +17.4% | |
| 2022 | −6.0% | |
| 2021 | +30.3% | |
| 2020 | +9.2% |
RWL in the news
RWL Dividends
- 1.21%
- $1.61
- $0.40 per share
- Quarterly
Distribution history
RWL Risk
- 11.5%
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.
- 1.25
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
0.39%
RWL0.39%
- The middle half of Other Major Indexes funds
- Median 0.29%
26 of the 42 Other Major Indexes funds charge less.
Other funds in Other Major Indexes
- BONEQFidelity Nasdaq Composite Index ETFExpense ratio 0.21%1 year return +23.6%
- BIVOVVanguard S&P Mid-Cap 400 Value ETFExpense ratio 0.10%1 year return +13.9%
- BXJRiShares ESG Select Screened S&P Small-Cap ETFExpense ratio 0.12%1 year return +20.5%
- BPRFZInvesco RAFI US 1500 Small-Mid ETFExpense ratio 0.36%1 year return +21.4%
- BNZACState Street SPDR MSCI ACWI Climate Paris Aligned ETFExpense ratio 0.12%1 year return +14.6%