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ETFs

Invesco S&P 500 Revenue ETF

RWL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 19 2008
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$5,003,443
AUM
$1,783,871,556
Associated Index
S&P 500 Revenue-Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
4.29%
WMT
Walmart Inc
4.00%
AAPL
Apple Inc
2.80%
XOM
Exxon Mobil Corp.
2.36%
UNH
Unitedhealth Group Inc
2.05%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.98%
MCK
Mckesson Corporation
1.89%
CVS
CVS Health Corp
1.76%
ABC
Amerisource Bergen Corp.
1.68%
MSFT
Microsoft Corporation
1.64%
Invest with RWL

What is RWL?

The Invesco S&P 500 Revenue ETF (the "Fund") is based on the S&P 500 Revenue-Weighted Index (the "Index"). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P 500 Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Fund and Index are rebalanced quarterly.

ETFs related toRWL

ETFs correlated to RWL include FNDX, PRF, FNDB

RWL
Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 Revenue ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRWL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RWL using Composer

FAQ

RWL is a US Equities ETF. The Invesco S&P 500 Revenue ETF (the "Fund") is based on the S&P 500 Revenue-Weighted Index (the "Index"). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P 500 Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Fund and Index are rebalanced quarterly.

RWL tracks the S&P 500 Revenue-Weighted Index.

No, RWL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RWL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RWL is 0.0274%. This is the percent change in the value of RWL over the most recent 1-month period. The 3-month return on RWL is 0.0525%. This is the percent change in the value of RWL over the most recent 3-month period.

The standard deviation of RWL for the past year is 0.1863%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RWL include SUSA, IGE, and SPHQ.

ETFs correlated to RWL include FNDX, PRF, and FNDB.

ETFs that are inversely correlated to RWL include SDS, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.