IJH vs RWK: Grades, Fees and Holdings Compared

iShares Core S&P Mid-Cap ETF

IJHANYSE Arca

Invesco S&P MidCap 400 Revenue ETF

RWKCNYSE Arca

Overlap

57.4%by weight

Expense ratio

IJH −0.34pt a year

IJH0.05%RWK0.39%

Avg volume · 30D

IJH 340.1×the volume

IJH6.58MRWK19.3K

10Y return · a year

RWK +2.1pt

IJH+10.8%RWK+12.9%

IJH vs RWK Performance

Oct 29, 2021 – Oct 30, 2026

+40.1%IJH+69.6%RWK

Expense ratio: IJH 0.05%, better; RWK 0.39%
Fund size: IJH $123B; RWK $1.32B
1Y total return: IJH +14.4%; RWK +19.1%, better
Yield (12M): IJH 1.23%, better; RWK 1.05%
Holdings: IJH 404; RWK 399
Avg volume (30D): IJH 6.58M sh, better; RWK 19.3K sh
NAV per share: IJH $73.31; RWK $145.36
52W range

ETF.net Grade

Pillar letters and Scores for IJH, RWK, with each pillar’s weight
Pillar	IJH	RWK
Cost30% weight	A87Higher	F14
Mission25% weight	A100Higher	A95
Risk15% weight	C52Higher	C49
Tradability15% weight	A86Higher	D29
Holdings10% weight	A83Higher	D35
Durability5% weight	A82Higher	C41

Rank among S&P MidCap 400 funds

How we build Categories ›

Same Category. IJH and RWK are both graded against the same 11 S&P MidCap 400 funds, so their Grades compare head to head.

S&P MidCap 400⁠

Category · 11 funds

See all 11 ›

IJH ranks 2nd and RWK 9th of 11 funds in the S&P MidCap 400 Category.

Rank 1ASPMDState Street SPDR Portfolio S&P 400 Mid Cap ETFScore 85
Rank 2AIJHiShares Core S&P Mid-Cap ETFScore 84
Rank 3AIVOOVanguard S&P Mid-Cap 400 ETFScore 71
Rank 8BIJJiShares S&P Mid-Cap 400 Value ETFScore 58
Rank 9CRWKInvesco S&P MidCap 400 Revenue ETFScore 45
Rank 10CMIDEXtrackers S&P MidCap 400 Scored & Screened ETFScore 40

Our read on each fund

ETF.net Research

IJHAiShares Core S&P Mid-Cap ETF

RWKCInvesco S&P MidCap 400 Revenue ETF

In short

IJH The mid-cap middle child, done cheap. IJH has tracked the S&P MidCap 400 since 2000 for five basis points, and it's one of the most heavily traded ways to own roughly 400 mid-sized US companies.

RWK Same 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

IJH The fund seeks to track the S&P MidCap 400 Index and provide exposure to mid-sized U.S. companies. It is presented as a low-cost core portfolio holding.

RWK 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

IJH Five basis points a year, about a third of the typical cost in its S&P 400 peer group, and a fraction of MDY's 0.23% for the very same index.
Running since 2000 and among the most actively traded funds in the mid-cap aisle, with assets in the multi-billions.
The mandate is one line: hold the S&P MidCap 400, roughly 400 mid-sized US companies. No tilts, no screens, no style drift. Pays quarterly.ishares.com
iShares built it as a core building block, and it sits among the strongest implementations of this index in its peer group.ishares.com

RWK 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

IJH It is not the cheapest seat: SPMD tracks the same index at 0.03%. Two basis points, if cost is your only tiebreaker.
Mid-caps only. No mega-cap ballast, no small caps, so this works as a sleeve beside a large-cap core rather than a whole US portfolio.
All US, all stocks. Nothing here diversifies you outside American equity markets.

RWK 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

Full IJH profile⁠

Full RWK profile⁠

IJH vs RWK Holdings

How IJH and RWK differ

Overlap by weight

57.4%

Shared holdings make up 98.7% of IJH and 98.4% of RWK.

Level by level

Holdings394 in both57.4%
Sector11 Sectors82.9%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in IJH and RWK, widest gap first
Sector	More in IJHMore in RWK	IJH	RWK
Consumer Discretionary	RWK +9.0 points	10.5%	19.5%
Consumer Staples	RWK +8.0 points	3.3%	11.3%
Real Estate	IJH +4.1 points	7.1%	3.0%
Health Care	IJH +3.6 points	10.4%	6.8%
Financials	IJH +3.1 points	15.3%	12.2%
Industrials	IJH +2.0 points	23.4%	21.4%
Utilities	IJH +1.7 points	3.2%	1.5%
Materials	IJH +1.2 points	5.8%	4.6%
Technology	IJH +1.0 points	13.9%	12.9%
Communication	IJH +0.2 points	1.6%	1.4%
Energy	IJH +0.2 points	5.6%	5.4%

Country, concentration and asset class

Country by domicile

Country weights in IJH and RWK, widest gap first
Country	More in IJHMore in RWK	IJH	RWK
United Kingdom	IJH +1.0 points	1.2%	0.2%
United States	RWK +0.9 points	98.2%	99.1%
Other countries (3)	RWK +0.2 points	0.6%	0.8%

Concentration

Weight in the 10 largest Holdings

IJH7.1%
RWK20.2%

Securities held

IJH400
RWK398

Asset class

IJH: Equity
RWK: Equity

Holdings

Only in IJH6
In both394
Only in RWK4

Only in IJH

6 securities, 1.1% of IJH by weight

Cnh Industrial N.v.0.30%
Corteva0.23%
Formfactor Inc0.20%
Fortune Brands Innovations0.16%
Gap0.14%
Marzetti0.06%

Only in RWK

4 securities, 1.5% of RWK by weight

Gap Inc/The0.65%
CNH Industrial NV0.59%
Fortune Brands Innovations Inc0.19%
Marzetti Company/The0.08%

Weight gaps

The 100 widest of 394 Holdings in both funds.

Holding weights in IJH and RWK, widest gap first
Holding	More in IJHMore in RWK	IJH	RWK
Albertsons Company Class AACI	RWK +3.45 points	0.13%	3.58%
Performance Food GroupPFGC	RWK +2.30 points	0.46%	2.76%
Td SynnexSNX	RWK +2.19 points	0.55%	2.74%
American Airlines GroupAAL	RWK +2.05 points	0.24%	2.29%
Molina Healthcare IncMOH	RWK +1.51 points	0.31%	1.82%
Arrow ElectronicsARW	RWK +1.16 points	0.31%	1.47%
Pbf Energy Class APBF	RWK +1.13 points	0.22%	1.35%
Penske Automotive Group Voting IncPAG	RWK +1.12 points	0.11%	1.23%
Us Foods HoldingUSFD	RWK +1.04 points	0.65%	1.69%
Lithia Motors Inc Class ALAD	RWK +1.03 points	0.19%	1.22%
AvnetAVT	RWK +0.90 points	0.21%	1.11%
MacysM	RWK +0.86 points	0.18%	1.04%
Okta Class AOKTA	IJH +0.85 points	1.01%	0.16%
Hf SinclairDINO	RWK +0.77 points	0.52%	1.29%
AutonationAN	RWK +0.75 points	0.14%	0.89%
LearLEA	RWK +0.70 points	0.17%	0.87%
Bjs Wholesale Club HoldingsBJ	RWK +0.68 points	0.40%	1.08%
Cleveland Cliffs IncCLF	RWK +0.66 points	0.24%	0.90%
Pilgrims Pride CorpPPC	RWK +0.63 points	0.04%	0.67%
Jones Lang LasalleJLL	RWK +0.64 points	0.48%	1.12%
Murphy UsaMUSA	RWK +0.63 points	0.26%	0.89%
Dicks SportingDKS	RWK +0.62 points	0.28%	0.90%
Reinsurance Group of AmericaRGA	RWK +0.61 points	0.50%	1.11%
United TherapeuticsUTHR	IJH +0.60 points	0.75%	0.15%
Roivant Sciences LtdROIV	IJH +0.58 points	0.58%	<0.01%
Kyndryl HoldingsKD	RWK +0.55 points	0.09%	0.64%
Entegris IncENTG	IJH +0.54 points	0.69%	0.15%
Wesco InternationalWCC	RWK +0.54 points	0.49%	1.03%
Corebridge Financial IncCRBG	RWK +0.52 points	0.27%	0.79%
Royal GoldRGLD	IJH +0.51 points	0.57%	0.06%
AtiATI	IJH +0.50 points	0.66%	0.16%
Macom Technology SolutionsMTSI	IJH +0.44 points	0.48%	0.04%
Technipfmc PLCFTI	IJH +0.44 points	0.79%	0.35%
Nvent Electric PLCNVT	IJH +0.42 points	0.59%	0.17%
Gxo LogisticsGXO	RWK +0.42 points	0.17%	0.59%
WhirlpoolWHR	RWK +0.41 points	0.06%	0.47%
Alaska Air Group IncALK	RWK +0.41 points	0.12%	0.53%
Nutanix Class ANTNX	IJH +0.41 points	0.53%	0.12%
Exelixis IncEXEL	IJH +0.39 points	0.50%	0.11%
Permian Resources Class APR	IJH +0.39 points	0.64%	0.25%
Dynatrace IncDT	IJH +0.39 points	0.49%	0.10%
Roku Class AROKU	IJH +0.39 points	0.60%	0.21%
Curtiss WrightCW	IJH +0.38 points	0.51%	0.13%
AecomACM	RWK +0.37 points	0.24%	0.61%
Manhattan AssociatesMANH	IJH +0.37 points	0.42%	0.05%
Chewy Inc Class ACHWY	RWK +0.37 points	0.14%	0.51%
WoodwardWWD	IJH +0.36 points	0.52%	0.16%
Omega Healthcare Investors ReitOHI	IJH +0.37 points	0.42%	0.05%
AramarkARMK	RWK +0.37 points	0.41%	0.78%
Lattice SemiconductorLSCC	IJH +0.37 points	0.39%	0.02%
Vf CorpVFC	RWK +0.36 points	0.18%	0.54%
W. P. Carey ReitWPC	IJH +0.36 points	0.43%	0.07%
Fluor CorpFLR	RWK +0.36 points	0.18%	0.54%
Halozyme TherapeuticsHALO	IJH +0.35 points	0.43%	0.08%
Westlake CorpWLK	RWK +0.34 points	0.07%	0.41%
Rbc BearingsRBC	IJH +0.35 points	0.43%	0.08%
PvhPVH	RWK +0.34 points	0.12%	0.46%
East West BancorpEWBC	IJH +0.33 points	0.52%	0.19%
Guidewire SoftwareGWRE	IJH +0.32 points	0.39%	0.07%
Carpenter TechnologyCRS	IJH +0.33 points	0.41%	0.08%
Avis Budget Group IncCAR	RWK +0.33 points	0.05%	0.38%
Itt IncITT	IJH +0.33 points	0.52%	0.19%
Dt MidstreamDTM	IJH +0.32 points	0.37%	0.05%
Sun Communities Reit IncSUI	IJH +0.31 points	0.40%	0.09%
Coeur MiningCDE	IJH +0.31 points	0.39%	0.08%
XpoXPO	IJH +0.31 points	0.65%	0.34%
Neurocrine BiosciencesNBIX	IJH +0.30 points	0.43%	0.13%
SemtechSMTC	IJH +0.31 points	0.35%	0.04%
PenumbraPEN	IJH +0.31 points	0.37%	0.06%
Medpace HoldingsMEDP	IJH +0.30 points	0.43%	0.13%
Lamar Advertising Company ClasLAMR	IJH +0.30 points	0.40%	0.10%
Ally Financial IncALLY	RWK +0.30 points	0.30%	0.60%
RepligenRGEN	IJH +0.28 points	0.32%	0.04%
Thor IndustriesTHO	RWK +0.29 points	0.11%	0.40%
DocusignDOCU	IJH +0.29 points	0.46%	0.17%
SitimeSITM	IJH +0.28 points	0.30%	0.02%
Eastgroup Properties ReitEGP	IJH +0.28 points	0.31%	0.03%
Rb GlobalRBA	IJH +0.27 points	0.48%	0.21%
Equity Lifestyle Properties Reit IELS	IJH +0.27 points	0.33%	0.06%
Ryder SystemR	RWK +0.27 points	0.32%	0.59%
Gaming and Leisure Properties ReitGLPI	IJH +0.27 points	0.33%	0.06%
MksMKSI	IJH +0.26 points	0.40%	0.14%
Fidelity National Financial IncFNF	RWK +0.25 points	0.30%	0.55%
Essential Utilities IncWTRG	IJH +0.26 points	0.36%	0.10%
Lincoln Electric HoldingsLECO	IJH +0.25 points	0.44%	0.19%
Onto InnovationONTO	IJH +0.25 points	0.29%	0.04%
CytokineticsCYTK	IJH +0.26 points	0.26%	<0.01%
Jazz Pharmaceuticals PLCJAZZ	IJH +0.25 points	0.41%	0.16%
Post HoldingsPOST	RWK +0.25 points	0.09%	0.34%
Talen EnergyTLN	IJH +0.25 points	0.45%	0.20%
American Healthcare ReitAHR	IJH +0.24 points	0.34%	0.10%
Graphic Packaging HoldingGPK	RWK +0.24 points	0.08%	0.32%
Krystal BiotechKRYS	IJH +0.24 points	0.26%	0.02%
TransunionTRU	IJH +0.24 points	0.43%	0.19%
GracoGGG	IJH +0.24 points	0.32%	0.08%
RambusRMBS	IJH +0.24 points	0.27%	0.03%
Bath and Body WorksBBWI	RWK +0.24 points	0.13%	0.37%
CognexCGNX	IJH +0.24 points	0.28%	0.04%
Pinnacle Financial PartnersPNFP	IJH +0.24 points	0.45%	0.21%
Tenet Healthcare CorpTHC	RWK +0.23 points	0.64%	0.87%

All 407 IJH holdings⁠All 398 RWK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IJH vs RWK Cost

Overpaying RWK vs IJH

$6,838

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

IJH 0.05%
$1,060
RWK 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

IJH 0.05%
RWK 0.39%
Overpaying

Year by year

Year	IJH	RWK	Overpaying
10	$92	$705	$613
20	$360	$2,725	$2,365
30	$1,060	$7,898	$6,838

Expense ratio

0.05%IJH, cheaper
0.39%RWK

IJH0.05%RWK0.39%

0.03%0.49%

Middle half of S&P MidCap 400 funds
Median 0.15%

IJH 2nd cheapest of 11 funds

RWK 10th cheapest of 11 funds

IJH vs RWK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJH 1.23%, better; RWK 1.05%
Payout (12M): IJH $0.90; RWK $1.52
Last payment: IJH $0.23; RWK $0.41
Ex-dividend: IJH Sep 15, 2026; RWK Sep 21, 2026
Paid on: IJH Sep 18, 2026; RWK Sep 25, 2026
Frequency: IJH Quarterly; RWK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IJHQuarterly · 37 paymentsAll IJH payments⁠

RWKQuarterly · 38 paymentsAll RWK payments⁠

IJH vs RWK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IJH 15.0%, betterRWK 16.4%
Return per unit of riskSharpe ratio, 3 years: IJH 0.84RWK 0.89, better
Worst fallMax drawdown, 5 years: IJH −24.1%, betterRWK −24.6%
Market sensitivityBeta, 5 years: IJH 1.03RWK 1.04; Market = 1

IJH and RWK in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026IJH
News
Independence Realty to take Centerspace in 3.800-share all-stock merger
Sep 9, 2026IJH

Popular comparisons

IJHAvsSPMDA
iShares Core S&P Mid-Cap ETF · State Street SPDR Portfolio S&P 400 Mid Cap ETF
Expense ratio
0.05% · 0.03%
Category
RWKCvsSPMDA
Invesco S&P MidCap 400 Revenue ETF · State Street SPDR Portfolio S&P 400 Mid Cap ETF
Expense ratio
0.39% · 0.03%
Category
IJHAvsIVOOA
iShares Core S&P Mid-Cap ETF · Vanguard S&P Mid-Cap 400 ETF
Expense ratio
0.05% · 0.07%
Category
RWKCvsIVOOA
Invesco S&P MidCap 400 Revenue ETF · Vanguard S&P Mid-Cap 400 ETF
Expense ratio
0.39% · 0.07%
Category
IJHAvsMDYB
iShares Core S&P Mid-Cap ETF · State Street SPDR S&P MIDCAP 400 ETF Trust
Expense ratio
0.05% · 0.23%
Category
RWKCvsMDYB
Invesco S&P MidCap 400 Revenue ETF · State Street SPDR S&P MIDCAP 400 ETF Trust
Expense ratio
0.39% · 0.23%
Category

IJH vs RWK

In short

Stated mandate

Why people hold it

Worth knowing

How IJH and RWK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJH

Only in RWK

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

Independence Realty to take Centerspace in 3.800-share all-stock merger

How IJH and RWK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IJH

Only in RWK

Weight gaps