RWL

Invesco S&P 500 Revenue ETF

RWL tracks a revenue-weighted index of S&P 500 stocks.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

39 bp

EXPENSES

$3.3 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 19, 2008
Assets (mns)$3,278
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingRevenue
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
WAL-MART STORES INC 4.3 %
AMAZON.COM INC 3.6 %
APPLE INC 2.8 %
UNITEDHEALTH GROUP INC 2.3 %
BERKSHIRE HATHAWAY INC-CL B 2.2 %
MCKESSON CORP 2.0 %
EXXON MOBIL CORP 2.0 %
COSTCO WHOLESALE CORP 1.7 %
CVS CAREMARK CORP 1.7 %
AMERISOURCEBERGEN CORP 1.6 %
Constituent Breakdown
Number of holdings498
Herfindahl-Hirschman Index 102
Wgt avg mkt cap (mns)$432,677
Large cap (>$10bn)98.8%
Mid cap ($2-10bn)1.2%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.3 %
IRELAND 1.2 %
BRITAIN 0.6 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 8.6% 25.9% 11.7% 9.5% 15.3% 11.3% 10.2%
Volatility 9.1% 9.9% 14.9% 15.2% 20.1% 17.0% --
Market Correlations
versus...BetaR-squared
S&P 5000.8890%
MSCI EAFE0.8579%
MSCI Emg Mkts0.5939%
Liquidity Measures
Avg. volume (000)124
Turnover0.4%
Avg. Bid/Ask (% of price)0.10%
ADV of underlying (mns)$304,125
Technical Indicators
Recent close$93.07
30d moving avg.$92.00
Annualized volatility16.6%
Relative strength (RSI)55
Short interest (ETF)0.2%
Short interest (underlying)1.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: RWL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.9 14.5 2.3 2.0% --
Based on closing prices from 6/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
RWL



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

RWL

6.6%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.6%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 892 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. RWL's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places RWL in the 62nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
RWL
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
RWL 39.0 9.8 48.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .