RWL vs SHLD

Comparison between Invesco S&P 500 Revenue ETF (RWL, ETF) and GLOBAL X DEFENSE TECH ETF (SHLD, ETF).

RWL vs SHLD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RWL(ETF)	SHLD(ETF)
Net Assets	$8.10B	$8.10B
Expense Ratio	0.39%	0.50%
Max Drawdown	55.30%	16.37%
Sharpe Ratio	2.11	0.87
5Y Beta	0.70	0.66
P/E Ratio	25.52	32.12
Forward P/E	17.21	23.80
5Y Dividends CAGR	7.54%	N/A
5Y EPS CAGR	14.91%	N/A
Debt to Equity	18.66%	72.33%
P/S Ratio	0.87	2.14
P/B Ratio	3.06	4.58

Net Assets

RWL

$8.10B

SHLD

$8.10B

Expense Ratio

Winner

RWL

0.39%

SHLD

0.50%

Max Drawdown

RWL

55.30%

Winner

SHLD

16.37%

Sharpe Ratio

Winner

RWL

2.11

SHLD

0.87

5Y Beta

RWL

0.70

Winner

SHLD

0.66

P/E Ratio

Winner

RWL

25.52

SHLD

32.12

Forward P/E

Winner

RWL

17.21

SHLD

23.80

5Y Dividends CAGR

RWL

7.54%

SHLD

N/A

5Y EPS CAGR

RWL

14.91%

SHLD

N/A

Debt to Equity

Winner

RWL

18.66%

SHLD

72.33%

P/S Ratio

Winner

RWL

0.87

SHLD

2.14

P/B Ratio

Winner

RWL

3.06

SHLD

4.58

RWL vs SHLD - Holdings Comparison

RWL and SHLD have 8 common holdings. Overlap is 0.96%

RWL's top 25 holdings weight is 38.81%. SHLD's top 25 holdings weight is 91.28%.

Rank	RWL	SHLD
#1	AMAZON.COM INC (AMZN) - 4.47%	LOCKHEED MARTIN CORP (LMT) - 8.19%
#2	WALMART INC (WMT) - 3.76%	RTX CORP (RTX) - 7.64%
#3	UNITEDHEALTH GROUP INC (UNH) - 2.93%	GENERAL DYNAMICS CORP (GD) - 6.99%
#4	APPLE INC (AAPL) - 2.31%	PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 6.41%
#5	CVS HEALTH CORP (CVS) - 2.19%	RHEINMETALL AG (n/a) - 6.04%
#6	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.84%	HANWHA AEROSPACE CO LTD (n/a) - 5.37%
#7	MCKESSON CORP (MCK) - 1.81%	BAE SYSTEMS PLC (n/a) - 4.98%
#8	MICROSOFT CORP (MSFT) - 1.65%	L3HARRIS TECHNOLOGIES INC (LHX) - 4.87%
#9	EXXON MOBIL CORP (XOM) - 1.64%	NORTHROP GRUMMAN CORP (NOC) - 4.37%
#10	JPMORGAN CHASE & CO (JPM) - 1.55%	LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 4.22%
#11	THE CIGNA GROUP (CI) - 1.53%	THALES (n/a) - 4.16%
#12	CENCORA INC (COR) - 1.48%	SAAB AB CLASS B (n/a) - 3.82%
#13	COSTCO WHOLESALE CORP (COST) - 1.46%	ELBIT SYSTEMS LTD (n/a) - 3.81%
#14	CENTENE CORP (CNC) - 1.37%	BWX TECHNOLOGIES INC (BWXT) - 3.38%
#15	ELEVANCE HEALTH INC (ELV) - 1.27%	LEIDOS HOLDINGS INC (LDOS) - 3.19%
#16	NVIDIA CORP (NVDA) - 1.26%	HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.41%
#17	CARDINAL HEALTH INC (CAH) - 1.19%	KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.75%
#18	ALPHABET INC CLASS A (GOOGL) - 1.16%	MOOG INC CLASS A (MOG-A) - 1.46%
#19	ALPHABET INC CLASS C (GOOG) - 1.16%	KOREA AEROSPACE INDUSTRIES LTD (n/a) - 1.38%
#20	BANK OF AMERICA CORP (BAC) - 1.08%	LIG DEFENSE&AEROSPACE CO LTD (n/a) - 1.33%
#21	DELTA AIR LINES INC (DAL) - 0.37%	AEROVIRONMENT INC (AVAV) - 1.23%
#22	ALLSTATE CORP (ALL) - 0.36%	BABCOCK INTERNATIONAL GROUP PLC (n/a) - 1.20%
#23	CISCO SYSTEMS INC (CSCO) - 0.33%	HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.03%
#24	ACCENTURE PLC CLASS A (ACN) - 0.32%	DASSAULT AVIATION SA (n/a) - 1.03%
#25	ORACLE CORP (ORCL) - 0.32%	KARMAN HOLDINGS INC (KRMN) - 1.02%
Total Holdings	447	52

RWL vs SHLD - Historical Returns

Returns include dividend reinvestment.

Period	RWL	SHLD
1 month	+4.78%	-12.95%
3 months	+3.41%	-12.26%
6 months	+11.86%	-0.19%
1 year	+27.84%	+21.76%
5 years(CAGR)	+12.49%	N/A
10 years(CAGR)	+13.98%	N/A
Max(CAGR)	+11.15%	+44.93%

Winner

RWL

+4.78%

SHLD

-12.95%

Winner

RWL

+3.41%

SHLD

-12.26%

Winner

RWL

+11.86%

SHLD

-0.19%

Winner

RWL

+27.84%

SHLD

+21.76%

5Y(CAGR)

RWL

+12.49%

SHLD

N/A

10Y(CAGR)

RWL

+13.98%

SHLD

N/A

Max(CAGR)

RWL

+11.15%

Winner

SHLD

+44.93%

RWL vs SHLD - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	RWL	SHLD
2026	+8.27%	-1.78%
2025	+18.96%	+74.68%
2024	+15.91%	+35.09%
2023	+17.70%	+12.89%
2022	-6.69%	N/A
2021	+31.55%	N/A
2020	+8.40%	N/A
2019	+27.15%	N/A
2018	-8.46%	N/A
2017	+18.98%	N/A
2016	+13.58%	N/A
2015	-1.29%	N/A
2014	+14.33%	N/A
2013	+34.50%	N/A
2012	+16.05%	N/A
2011	-1.00%	N/A
2010	+15.28%	N/A
2009	+26.40%	N/A
2008	-34.19%	N/A

RWL vs SHLD Drawdown Comparison

The maximum drawdown for RWL was -54.83%, occurring on Mar 9, 2009. Recovery took 688 trading sessions.

The maximum drawdown for SHLD was -16.37%, occurring on May 8, 2026. This drawdown has not yet recovered.

The current SHLD drawdown is -16.37%.

Rank	RWL	SHLD
#1	-54.83% May 15, 2008 - Feb 8, 2011	-16.37% Mar 9, 2026 - May 8, 2026
#2	-36.03% Feb 12, 2020 - Nov 9, 2020	-15.06% Oct 8, 2025 - Jan 8, 2026
#3	-21.38% Apr 29, 2011 - Feb 27, 2012	-10.92% Nov 11, 2024 - Feb 18, 2025
#4	-19.49% Sep 21, 2018 - Jul 3, 2019	-10.53% Mar 18, 2025 - Apr 11, 2025
#5	-17.50% Apr 20, 2022 - Jul 11, 2023	-8.91% Jan 16, 2026 - Mar 9, 2026
#6	-15.27% May 21, 2015 - Jul 11, 2016	-5.42% Sep 18, 2023 - Oct 9, 2023
#7	-14.39% Feb 19, 2025 - Jun 27, 2025	-5.39% Aug 6, 2025 - Sep 10, 2025
#8	-11.74% Jan 26, 2018 - Sep 20, 2018	-4.96% Apr 8, 2024 - May 9, 2024
#9	-10.32% Mar 26, 2012 - Aug 16, 2012	-4.52% Aug 30, 2024 - Oct 1, 2024
#10	-10.20% Feb 26, 2008 - Apr 25, 2008	-4.49% Oct 18, 2024 - Nov 6, 2024
#11	-9.19% Jul 31, 2023 - Dec 8, 2023	-4.17% May 31, 2024 - Jul 15, 2024
#12	-7.72% Sep 19, 2014 - Nov 5, 2014	-3.79% Feb 18, 2025 - Mar 3, 2025
#13	-6.84% Oct 18, 2012 - Dec 18, 2012	-3.62% May 8, 2025 - May 16, 2025
#14	-6.80% Jul 12, 2019 - Sep 11, 2019	-3.55% Jul 31, 2024 - Aug 9, 2024
#15	-6.75% Jan 11, 2022 - Mar 25, 2022	-3.15% Oct 16, 2023 - Nov 2, 2023

Correlation

Correlation between RWL and SHLD is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2008 - 2026)

RWL vs SHLD dividend yield comparison.

Year	RWL	SHLD
2026	0.34%	0.00%
2025	1.35%	0.55%
2024	1.43%	0.53%
2023	1.60%	0.26%
2022	1.62%	0.00%
2021	1.35%	0.00%
2020	1.75%	0.00%
2019	1.87%	0.00%
2018	1.99%	0.00%
2017	1.60%	0.00%
2016	1.71%	0.00%
2015	1.97%	0.00%
2014	1.43%	0.00%
2013	1.61%	0.00%
2012	1.89%	0.00%
2011	1.85%	0.00%
2010	1.34%	0.00%
2009	1.32%	0.00%
2008	1.21%	0.00%