Invesco S&P 500 Revenue ETF (RWL) is a fundamentally weighted ETF. As of October 28, 2026, ETF Copilot scores RWL 5.6 out of 10 — highest on Risk (9.3), lowest on Value (1.9). It trades at 20.1 times earnings, against its own median of 17.7. Its ten largest holdings are 24% of the fund.
What stands out in RWL's data
Large U.S. companies, weighted by revenue rather than market value.
Trades at a richer price than most fundamental peers — you pay more for each dollar of earnings.
Its trailing EBITDA multiple of 13.8x sits above the category median of 11.8x and its own 11.5x historical median. The fund's EBITDA margin of 21.0% also trails the 23.7% category norm.
A revenue-weighted alternative to cap-weighted large-cap exposure, with a broader spread across sectors.
Why did RWL move this week? It fell 0.6% in the week to October 28, 2026 — Meta Platforms and McKesson drove it
RWL fell 0.6% in the week to October 28, 2026. The holdings that moved it most were Meta Platforms (−12.2%), McKesson (−5.4%) and Amazon.com (−3.0%); General Motors (+8.4%) pushed the other way.
How is RWL rated? ETF Copilot scores Invesco S&P 500 Revenue ETF (RWL) 5.6 out of 10
As of October 28, 2026, ETF Copilot scores Invesco S&P 500 Revenue ETF (RWL) 5.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.6 / 10
- Growth: 4.7 / 10
- Value: 1.9 / 10
- Risk: 9.3 / 10
- Quality: 3.2 / 10
- Return: 8.0 / 10
Is RWL expensive right now? It trades at 20.1 times earnings, against its own median of 17.7
As of October 28, 2026, RWL is more expensive than 81% of its own last 9 years.
Trailing 12 months, built from RWL's holdings. How we calculate this →
What's inside RWL? 16% Tech
What's inside RWL: Size (Large 88%, Mid 10%, Small 2%); Geography (International 3%, US 97%); Tech 16.3%; Magnificent 7 13.4%; AI 8.0%; Semiconductors 3.7%; Memory 3.3%.
What are RWL's top holdings? The ten largest are 24% of the fund
Walmart, Amazon.com, Apple, UnitedHealth, McKesson, Berkshire Hathaway, Exxonmobil, CVS Health, Microsoft and Amerisourcebergen are RWL's largest holdings, in that order.
More concentrated than 83% of Fundamental ETFs.
Half of RWL's weight sits in its 38 largest positions, and once those weights are taken into account it behaves like 97 equally weighted holdings.
What is RWL's expense ratio? 0.39% a year
As of October 28, 2026, RWL charges 0.39% a year, yields 1.20% and holds $10.3B in assets across 502 positions.
| Measure | RWL |
|---|---|
| Expense ratio | 0.39% |
| Dividend yield | 1.20% |
| Assets under management | $10.3B |
| Holdings | 502 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco S&P 500 Revenue ETF (RWL) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/rwl
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