RWL
Invesco S&P 500 Revenue ETF
RWL tracks a revenue-weighted index of S&P 500 stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 7.5 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Feb 19, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WAL-MART STORES INC | 3.8 % |
| AMAZON.COM INC | 3.4 % |
| APPLE INC | 2.5 % |
| UNITEDHEALTH GROUP INC | 2.4 % |
| CVS CAREMARK CORP | 2.2 % |
| MCKESSON CORP | 2.1 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.0 % |
| EXXON MOBIL CORP | 1.8 % |
| CENCORA INC | 1.7 % |
| MICROSOFT CORP | 1.6 % |
Constituent Breakdown
| Number of holdings | 496 |
| Herfindahl-Hirschman Index | 98 |
| Wgt avg mkt cap (mns) | $571,721 |
| Large cap (>$10bn) | 97.1% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 1.4 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.4% | 15.7% | 10.7% | 14.7% | 10.6% | 11.1% | -- | 8.9% |
| Dividend Yield | 0.4% | 1.7% | 1.6% | 1.8% | 1.7% | 2.0% | -- | 1.9% |
| Total Returns | 0.7% | 17.3% | 12.4% | 16.5% | 12.3% | 13.0% | -- | 10.7% | Ann. Volatility | 11.7% | 15.1% | 13.4% | 12.4% | 14.6% | 16.9% | -- | 19.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 83% |
| MSCI EAFE | 0.68 | 63% |
| MSCI Emg Mkts | 0.51 | 46% |
Liquidity Measures
| Avg. volume (000) | 273 |
| ADV traded (mns) | $33 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $118.81 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 1.47/1.06 |
| Bollinger Bands (Upper/Lower) | $124.56/$112.45 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RWL |
Expenses vs. RWL |
ALTAR Score™ vs. RWL |
|---|---|---|---|---|
| VLU | State Street SPDR S&P 1500 Value Tilt ETF | 69.4% | -27 bp | +0.3% |
| FNDX | Schwab Fundamental US Large Co. Index ETF | 66.7% | -14 bp | +0.3% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 66.5% | -5 bp | -0.3% |
| FNDB | Schwab Fundamental US Broad Market Index ETF | 64.4% | -14 bp | +0.2% |
| IUS | Invesco RAFI Strategic US ETF | 64.0% | -20 bp | -0.3% |
| TOPC | iShares S&P 500 3% Capped ETF | 60.8% | -24 bp | -1.4% |
| DSPY | Tema S&P 500 Historical Weight ETF | 60.6% | -21 bp | -1.3% |
| ILCV | iShares Morningstar Value ETF | 58.9% | -35 bp | -0.5% |
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | 58.8% | -35 bp | -0.2% |
| IVE | iShares S&P 500 Value ETF | 58.8% | -21 bp | -0.4% |
Risk and Returns: RWL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/29/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.4%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,199 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. RWL's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places RWL in the 67th percentile
among funds in the category.
Sell-Side Consensus
$138.63
PRICE TARGET
+13.1%
UPSIDE