RWL vs SPYI
Comparison between Invesco S&P 500 Revenue ETF (RWL, ETF) and NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF).
RWL vs SPYI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
RWL
$8.10B
SPYI
$8.10B
Expense Ratio
Winner
RWL
0.39%
SPYI
0.68%
Max Drawdown
RWL
55.30%
Winner
SPYI
18.53%
Sharpe Ratio
Winner
RWL
2.11
SPYI
2.04
5Y Beta
Winner
RWL
0.70
SPYI
0.82
P/E Ratio
Winner
RWL
25.52
SPYI
28.49
Forward P/E
Winner
RWL
17.21
SPYI
21.87
5Y Dividends CAGR
RWL
7.54%
SPYI
N/A
5Y EPS CAGR
RWL
14.91%
Winner
SPYI
28.89%
Debt to Equity
Winner
RWL
18.66%
SPYI
33.01%
P/S Ratio
Winner
RWL
0.87
SPYI
3.51
P/B Ratio
Winner
RWL
3.06
SPYI
5.41
RWL vs SPYI - Holdings Comparison
RWL and SPYI have 420 common holdings. Overlap is 37.90%
RWL's top 25 holdings weight is 38.81%. SPYI's top 25 holdings weight is 51.07%.
| Rank | RWL | SPYI |
|---|---|---|
| #1 | AMAZON.COM INC (AMZN) - 4.47% | NVIDIA CORP (NVDA) - 8.63% |
| #2 | WALMART INC (WMT) - 3.76% | APPLE INC (AAPL) - 6.74% |
| #3 | UNITEDHEALTH GROUP INC (UNH) - 2.93% | MICROSOFT CORP (MSFT) - 5.32% |
| #4 | APPLE INC (AAPL) - 2.31% | AMAZON.COM INC (AMZN) - 4.23% |
| #5 | CVS HEALTH CORP (CVS) - 2.19% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.84% | BROADCOM INC (AVGO) - 3.15% |
| #7 | MCKESSON CORP (MCK) - 1.81% | ALPHABET INC CLASS C (GOOG) - 2.70% |
| #8 | MICROSOFT CORP (MSFT) - 1.65% | META PLATFORMS INC CLASS A (META) - 2.51% |
| #9 | EXXON MOBIL CORP (XOM) - 1.64% | TESLA INC (TSLA) - 1.76% |
| #10 | JPMORGAN CHASE & CO (JPM) - 1.55% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.48% |
| #11 | THE CIGNA GROUP (CI) - 1.53% | JPMORGAN CHASE & CO (JPM) - 1.39% |
| #12 | CENCORA INC (COR) - 1.48% | ELI LILLY AND CO (LLY) - 1.18% |
| #13 | COSTCO WHOLESALE CORP (COST) - 1.46% | EXXON MOBIL CORP (XOM) - 1.04% |
| #14 | CENTENE CORP (CNC) - 1.37% | MICRON TECHNOLOGY INC (MU) - 0.94% |
| #15 | ELEVANCE HEALTH INC (ELV) - 1.27% | WALMART INC (WMT) - 0.94% |
| #16 | NVIDIA CORP (NVDA) - 1.26% | JOHNSON & JOHNSON (JNJ) - 0.92% |
| #17 | CARDINAL HEALTH INC (CAH) - 1.19% | ADVANCED MICRO DEVICES INC (AMD) - 0.89% |
| #18 | ALPHABET INC CLASS A (GOOGL) - 1.16% | VISA INC CLASS A (V) - 0.88% |
| #19 | ALPHABET INC CLASS C (GOOG) - 1.16% | CASH OFFSET (n/a) - 0.81% |
| #20 | BANK OF AMERICA CORP (BAC) - 1.08% | COSTCO WHOLESALE CORP (COST) - 0.74% |
| #21 | DELTA AIR LINES INC (DAL) - 0.37% | AMPHENOL CORP CLASS A (APH) - 0.29% |
| #22 | ALLSTATE CORP (ALL) - 0.36% | ARISTA NETWORKS INC (ANET) - 0.29% |
| #23 | CISCO SYSTEMS INC (CSCO) - 0.33% | TJX COMPANIES INC (TJX) - 0.29% |
| #24 | ACCENTURE PLC CLASS A (ACN) - 0.32% | INTUITIVE SURGICAL INC (ISRG) - 0.28% |
| #25 | ORACLE CORP (ORCL) - 0.32% | AMERICAN EXPRESS CO (AXP) - 0.28% |
| Total Holdings | 447 | 471 |
RWL vs SPYI - Historical Returns
Returns include dividend reinvestment.
1M
RWL
+4.78%
Winner
SPYI
+6.05%
3M
RWL
+3.41%
Winner
SPYI
+4.00%
6M
Winner
RWL
+11.86%
SPYI
+8.73%
1Y
Winner
RWL
+27.84%
SPYI
+25.62%
5Y(CAGR)
RWL
+12.49%
SPYI
N/A
10Y(CAGR)
RWL
+13.98%
SPYI
N/A
Max(CAGR)
RWL
+11.15%
Winner
SPYI
+15.37%
RWL vs SPYI - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | RWL | SPYI |
|---|---|---|
| 2026 | +8.27% | +5.73% |
| 2025 | +18.96% | +16.80% |
| 2024 | +15.91% | +19.49% |
| 2023 | +17.70% | +18.18% |
| 2022 | -6.69% | -2.44% |
| 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 SPYI Drawdown Comparison
The maximum drawdown for RWL was -54.83%, occurring on Mar 9, 2009. Recovery took 688 trading sessions.
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
| Rank | RWL | SPYI |
|---|---|---|
| #1 | -54.83% May 15, 2008 - Feb 8, 2011 | -16.46% Feb 19, 2025 - Jun 25, 2025 |
| #2 | -36.03% Feb 12, 2020 - Nov 9, 2020 | -10.18% Sep 12, 2022 - Feb 1, 2023 |
| #3 | -21.38% Apr 29, 2011 - Feb 27, 2012 | -7.70% Feb 25, 2026 - Apr 15, 2026 |
| #4 | -19.49% Sep 21, 2018 - Jul 3, 2019 | -7.54% Jul 28, 2023 - Dec 13, 2023 |
| #5 | -17.50% Apr 20, 2022 - Jul 11, 2023 | -6.60% Jul 16, 2024 - Aug 19, 2024 |
| #6 | -15.27% May 21, 2015 - Jul 11, 2016 | -6.03% Feb 6, 2023 - Apr 13, 2023 |
| #7 | -14.39% Feb 19, 2025 - Jun 27, 2025 | -4.65% Mar 28, 2024 - May 15, 2024 |
| #8 | -11.74% Jan 26, 2018 - Sep 20, 2018 | -3.96% Nov 12, 2025 - Nov 28, 2025 |
| #9 | -10.32% Mar 26, 2012 - Aug 16, 2012 | -3.50% Aug 30, 2024 - Sep 19, 2024 |
| #10 | -10.20% Feb 26, 2008 - Apr 25, 2008 | -3.11% Dec 6, 2024 - Jan 22, 2025 |
| #11 | -9.19% Jul 31, 2023 - Dec 8, 2023 | -2.32% Oct 8, 2025 - Oct 20, 2025 |
| #12 | -7.72% Sep 19, 2014 - Nov 5, 2014 | -2.15% Feb 2, 2026 - Feb 25, 2026 |
| #13 | -6.84% Oct 18, 2012 - Dec 18, 2012 | -2.09% Dec 11, 2025 - Dec 22, 2025 |
| #14 | -6.80% Jul 12, 2019 - Sep 11, 2019 | -1.86% Jan 12, 2026 - Jan 27, 2026 |
| #15 | -6.75% Jan 11, 2022 - Mar 25, 2022 | -1.80% May 1, 2023 - May 17, 2023 |
Correlation
Correlation between RWL and SPYI is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2008 - 2026)
RWL vs SPYI dividend yield comparison.
| Year | RWL | SPYI |
|---|---|---|
| 2026 | 0.34% | 3.91% |
| 2025 | 1.35% | 11.70% |
| 2024 | 1.43% | 12.04% |
| 2023 | 1.60% | 12.01% |
| 2022 | 1.62% | 4.10% |
| 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% |
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