RWK
Invesco S&P MidCap 400 Revenue ETF
RWK tracks a revenue-weighted index of the S&P Mid Cap 400 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
889.5 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 20, 2008 |
| Assets (mns) | $889 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Revenue |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SYNNEX CORP | 3.0 % |
| PERFORMANCE FOOD GROUP COMPANY | 2.6 % |
| AMERICAN AIRLINES GROUP INC | 2.2 % |
| US FOODS HOLDING CORP. | 1.7 % |
| LITHIA MOTORS INC-CL A | 1.6 % |
| PENSKE AUTO GROUP INC | 1.5 % |
| FLEXTRONICS INTL LTD | 1.3 % |
| HF SINCLAIR CORPORATION | 1.3 % |
| AUTONATION INC | 1.3 % |
| PBF ENERGY INC-CLASS A | 1.2 % |
Constituent Breakdown
| Number of holdings | 389 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $9,491 |
| Large cap (>$10bn) | 42.2% |
| Mid cap ($2-10bn) | 57.1% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.1 % |
 |
BRITAIN | 1.6 % |
 |
SINGAPORE | 1.3 % |
 |
BERMUDA | 0.8 % |
 |
CANADA | 0.7 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.6% | 19.3% | 13.9% | 12.2% | 15.8% | 11.2% | 11.1% | Volatility | 11.9% | 16.9% | 17.5% | 21.5% | 27.5% | 22.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 75% |
| MSCI EAFE | 1.10 | 70% |
| MSCI Emg Mkts | 0.77 | 35% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $18,374 |
Technical Indicators
| Recent close | $116.41 |
| 30d moving avg. | $119.84 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 4.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. RWK |
Expenses vs. RWK |
ALTAR Score™ vs. RWK |
|---|---|---|---|---|
| MDY | SPDR S&P Midcap 400 ETF Trust | 58.8% | -15 bp | -1.5% |
| IJH | iShares Core S&P Mid-Cap ETF | 58.7% | -34 bp | -1.3% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 58.6% | -24 bp | -0.8% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 57.9% | -29 bp | -1.3% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 57.8% | -36 bp | -1.2% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 56.5% | -21 bp | +0.1% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 56.0% | -24 bp | +0.1% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 55.6% | -24 bp | -0.7% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 53.8% | -27 bp | -1.4% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 46.9% | -24 bp | -0.5% |
Risk and Returns: RWK 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 | --% |
Based on closing prices from 2/21/2025
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
RWK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RWK
8.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 957 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. RWK's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places RWK in the 82nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RWKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| RWK (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RWK | 39.0 | 17.5 | 56.5 |
| Peer Avg. | 32.0 | 15.1 | 47.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .