RWL
Invesco S&P 500 Revenue ETF
RWL tracks a revenue-weighted index of S&P 500 stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
4.1 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 19, 2008 |
| Assets (mns) | $4,149 |
| 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 +
| WAL-MART STORES INC | 4.3 % |
| AMAZON.COM INC | 4.1 % |
| APPLE INC | 2.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.1 % |
| MCKESSON CORP | 1.9 % |
| EXXON MOBIL CORP | 1.9 % |
| UNITEDHEALTH GROUP INC | 1.9 % |
| JPMORGAN CHASE & CO | 1.7 % |
| CVS CAREMARK CORP | 1.7 % |
| AMERISOURCEBERGEN CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 493 |
| Herfindahl-Hirschman Index | 100 |
| Wgt avg mkt cap (mns) | $452,174 |
| Large cap (>$10bn) | 98.3% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.3% | 29.4% | 17.2% | 13.3% | 14.7% | 11.9% | 10.7% | Volatility | 10.0% | 10.1% | 12.0% | 15.2% | 20.0% | 17.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 89% |
| MSCI EAFE | 0.81 | 72% |
| MSCI Emg Mkts | 0.56 | 34% |
Liquidity Measures
| Avg. volume (000) | 146 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $255,457 |
Technical Indicators
| Recent close | $98.75 |
| 30d moving avg. | $102.70 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.3% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RWL |
Expenses vs. RWL |
ALTAR Score™ vs. RWL |
|---|---|---|---|---|
| VLU | SPDR S&P 1500 Value Tilt ETF | 69.3% | -27 bp | -0.1% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 68.9% | 0 bp | +0.1% |
| FNDX | Schwab Fundamental US Large Co. Index ETF | 68.6% | -14 bp | +0.1% |
| FNDB | Schwab Fundamental US Broad Market Index ETF | 66.3% | -14 bp | +0.0% |
| IUS | Invesco RAFI Strategic US ETF | 63.9% | -20 bp | +0.0% |
| EPS | WisdomTree U.S. LargeCap Fund | 60.7% | -31 bp | -1.0% |
| SPXT | ProShares S&P 500 Ex-Technology ETF | 59.6% | -30 bp | -1.6% |
| JHML | John Hancock Multifactor Large Cap ETF | 58.7% | -10 bp | -1.6% |
| ILCV | iShares Morningstar Value ETF | 58.4% | -35 bp | -0.6% |
| VOOV | Vanguard S&P 500 Value ETF | 58.0% | -29 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
| 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 | --% |
Based on closing prices from 12/20/2024
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
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 Rating
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.
ALTAR Score™
RWL
7.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. RWL's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places RWL in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RWLSELL
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 |
| RWL (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) |
|
|---|---|---|---|
| RWL | 39.0 | 9.8 | 48.8 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .