RWL vs SPY
Comparison between Invesco S&P 500 Revenue ETF (RWL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed RWL, delivering a return of +13.3% compared to +12.5%
RWL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
RWL
$8.10B
Winner
SPY
$652B
Expense Ratio
RWL
0.39%
Winner
SPY
0.09%
Max Drawdown
Winner
RWL
55.30%
SPY
56.47%
Sharpe Ratio
Winner
RWL
2.11
SPY
2.07
5Y Beta
Winner
RWL
0.70
SPY
1.00
P/E Ratio
Winner
RWL
25.52
SPY
28.24
Forward P/E
Winner
RWL
17.21
SPY
21.85
5Y Dividends CAGR
Winner
RWL
7.54%
SPY
5.43%
5Y EPS CAGR
RWL
14.91%
Winner
SPY
25.79%
Debt to Equity
Winner
RWL
18.66%
SPY
22.35%
P/S Ratio
Winner
RWL
0.87
SPY
3.55
P/B Ratio
Winner
RWL
3.06
SPY
5.29
RWL vs SPY - Holdings Comparison
RWL and SPY have 444 common holdings. Overlap is 46.50%
RWL's top 25 holdings weight is 38.81%. SPY's top 25 holdings weight is 51.32%.
| Rank | RWL | SPY |
|---|---|---|
| #1 | AMAZON.COM INC (AMZN) - 4.47% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | WALMART INC (WMT) - 3.76% | APPLE INC (AAPL) - 6.48% |
| #3 | UNITEDHEALTH GROUP INC (UNH) - 2.93% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | APPLE INC (AAPL) - 2.31% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | CVS HEALTH CORP (CVS) - 2.19% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.84% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MCKESSON CORP (MCK) - 1.81% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | MICROSOFT CORP (MSFT) - 1.65% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | EXXON MOBIL CORP (XOM) - 1.64% | TESLA INC (TSLA) - 1.73% |
| #10 | JPMORGAN CHASE & CO (JPM) - 1.55% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | THE CIGNA GROUP (CI) - 1.53% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | CENCORA INC (COR) - 1.48% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | COSTCO WHOLESALE CORP (COST) - 1.46% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | CENTENE CORP (CNC) - 1.37% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ELEVANCE HEALTH INC (ELV) - 1.27% | WALMART INC (WMT) - 0.91% |
| #16 | NVIDIA CORP (NVDA) - 1.26% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | CARDINAL HEALTH INC (CAH) - 1.19% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ALPHABET INC CLASS A (GOOGL) - 1.16% | VISA INC CLASS A (V) - 0.85% |
| #19 | ALPHABET INC CLASS C (GOOG) - 1.16% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | BANK OF AMERICA CORP (BAC) - 1.08% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | DELTA AIR LINES INC (DAL) - 0.37% | INTEL CORP (INTC) - 0.65% |
| #22 | ALLSTATE CORP (ALL) - 0.36% | NETFLIX INC (NFLX) - 0.64% |
| #23 | CISCO SYSTEMS INC (CSCO) - 0.33% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | ACCENTURE PLC CLASS A (ACN) - 0.32% | CHEVRON CORP (CVX) - 0.58% |
| #25 | ORACLE CORP (ORCL) - 0.32% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 447 | 505 |
RWL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
RWL
+4.78%
Winner
SPY
+9.11%
3M
RWL
+3.41%
Winner
SPY
+6.59%
6M
Winner
RWL
+11.86%
SPY
+10.56%
1Y
RWL
+27.84%
Winner
SPY
+32.04%
5Y(CAGR)
RWL
+12.49%
Winner
SPY
+13.35%
10Y(CAGR)
RWL
+13.98%
Winner
SPY
+15.49%
Max(CAGR)
Winner
RWL
+11.15%
SPY
+8.50%
RWL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | RWL | SPY |
|---|---|---|
| 2026 | +8.27% | +8.27% |
| 2025 | +18.96% | +18.00% |
| 2024 | +15.91% | +25.59% |
| 2023 | +17.70% | +26.72% |
| 2022 | -6.69% | -18.64% |
| 2021 | +31.55% | +30.52% |
| 2020 | +8.40% | +17.28% |
| 2019 | +27.15% | +31.09% |
| 2018 | -8.46% | -5.24% |
| 2017 | +18.98% | +20.78% |
| 2016 | +13.58% | +13.59% |
| 2015 | -1.29% | +1.31% |
| 2014 | +14.33% | +14.56% |
| 2013 | +34.50% | +29.00% |
| 2012 | +16.05% | +14.17% |
| 2011 | -1.00% | +0.85% |
| 2010 | +15.28% | +13.14% |
| 2009 | +26.40% | +22.67% |
| 2008 | -34.19% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
RWL vs SPY Drawdown Comparison
The maximum drawdown for RWL was -54.83%, occurring on Mar 9, 2009. Recovery took 688 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | RWL | SPY |
|---|---|---|
| #1 | -54.83% May 15, 2008 - Feb 8, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -36.03% Feb 12, 2020 - Nov 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.38% Apr 29, 2011 - Feb 27, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.49% Sep 21, 2018 - Jul 3, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.50% Apr 20, 2022 - Jul 11, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.27% May 21, 2015 - Jul 11, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.39% Feb 19, 2025 - Jun 27, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.74% Jan 26, 2018 - Sep 20, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.32% Mar 26, 2012 - Aug 16, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.20% Feb 26, 2008 - Apr 25, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.19% Jul 31, 2023 - Dec 8, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.72% Sep 19, 2014 - Nov 5, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.84% Oct 18, 2012 - Dec 18, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.80% Jul 12, 2019 - Sep 11, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.75% Jan 11, 2022 - Mar 25, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between RWL and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
RWL vs SPY dividend yield comparison.
| Year | RWL | SPY |
|---|---|---|
| 2026 | 0.34% | 0.24% |
| 2025 | 1.35% | 1.07% |
| 2024 | 1.43% | 1.21% |
| 2023 | 1.60% | 1.40% |
| 2022 | 1.62% | 1.65% |
| 2021 | 1.35% | 1.20% |
| 2020 | 1.75% | 1.52% |
| 2019 | 1.87% | 1.75% |
| 2018 | 1.99% | 2.04% |
| 2017 | 1.60% | 1.80% |
| 2016 | 1.71% | 2.03% |
| 2015 | 1.97% | 2.06% |
| 2014 | 1.43% | 1.87% |
| 2013 | 1.61% | 1.81% |
| 2012 | 1.89% | 2.18% |
| 2011 | 1.85% | 2.05% |
| 2010 | 1.34% | 1.80% |
| 2009 | 1.32% | 1.95% |
| 2008 | 1.21% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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