- ISIN
- US46138G6989
- CUSIP
- 46138G698
- Issuer
- Invesco
- Inception Date
- Feb 19, 2008
- Region
- North America (U.S.)
- Category
- S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Revenue-Weighted Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $10B
Share Price Chart
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Performance
RWL Performance Chart
Invesco S&P 500 Revenue ETF (RWL) is up 11.8% since the beginning of the year. RWL is currently trading at $127 per share. Investors who bought $1,000 worth of RWL shares 5 years ago would now be looking at an investment worth $1,873.
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Returns By Period
Invesco S&P 500 Revenue ETF (RWL) has returned 11.76% so far this year and 26.17% over the past 12 months. Over the last decade, RWL has posted an annualized return of 14.32%, slightly higher than the S&P 500 Index benchmark’s 13.71%.
Invesco S&P 500 Revenue ETF
- 1D
- 0.13%
- 1M
- 0.91%
- YTD
- 11.76%
- 6M
- 11.32%
- 1Y
- 26.17%
- 3Y*
- 19.58%
- 5Y*
- 13.37%
- 10Y*
- 14.32%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
RWL Monthly Returns History
Based on dividend-adjusted daily data since Feb 22, 2008, RWL's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +14.7%, while the worst month was Oct 2008 at -23.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RWL closed higher 54% of trading days. The best single day was Nov 24, 2008 with a return of +10.4%, while the worst single day was Mar 16, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | 2.65% | -4.73% | 7.81% | 2.72% | 0.18% | 11.76% | ||||||
| 2025 | 4.98% | 0.07% | -3.05% | -2.29% | 3.66% | 4.02% | -0.50% | 4.28% | 2.64% | 1.01% | 2.59% | 0.19% | 18.65% |
| 2024 | 1.04% | 4.17% | 4.74% | -4.19% | 2.78% | 0.71% | 3.42% | 1.91% | 0.83% | -0.98% | 7.20% | -5.59% | 16.45% |
| 2023 | 6.06% | -3.55% | 1.10% | 0.99% | -2.59% | 7.29% | 3.50% | -2.77% | -2.55% | -2.24% | 6.92% | 4.95% | 17.43% |
| 2022 | -1.80% | -0.85% | 3.99% | -5.90% | 1.21% | -8.65% | 8.09% | -2.18% | -8.78% | 11.01% | 5.52% | -5.55% | -6.00% |
| 2021 | 0.02% | 4.38% | 7.35% | 4.19% | 2.17% | -0.05% | 0.76% | 2.03% | -3.63% | 5.66% | -1.92% | 6.43% | 30.29% |
Benchmark Metrics
Invesco S&P 500 Revenue ETF has an annualized alpha of 1.97%, beta of 0.92, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since February 22, 2008.
- This ETF captured 102.98% of S&P 500 Index gains but only 97.76% of its losses - a favorable profile for investors.
- With beta of 0.92 and R2 of 0.88, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.97%
- Beta
- 0.92
- R²
- 0.88
- Upside Capture
- 102.98%
- Downside Capture
- 97.76%
Expense Ratio
RWL has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RWL ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P 500 Revenue ETF (RWL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RWL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.46 | +1.50 |
| Martin ratioReturn relative to average drawdown | 16.57 | 10.92 | +5.66 |
Dividends
Dividend History
Invesco S&P 500 Revenue ETF provided a 1.27% dividend yield over the last twelve months, with an annual payout of $1.61 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.61 | $1.54 | $1.40 | $1.37 | $1.20 | $1.08 | $1.09 | $1.09 | $0.93 | $0.82 | $0.74 | $0.78 |
Dividend yield | 1.27% | 1.35% | 1.43% | 1.60% | 1.62% | 1.35% | 1.75% | 1.87% | 1.99% | 1.60% | 1.71% | 1.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P 500 Revenue ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.39 | $0.82 | ||||||
| 2025 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.39 | $1.54 |
| 2024 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.36 | $1.40 |
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.38 | $1.37 |
| 2022 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.31 | $1.20 |
| 2021 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.28 | $1.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P 500 Revenue ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P 500 Revenue ETF was 54.83%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
The current Invesco S&P 500 Revenue ETF drawdown is 1.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.83%Mar 2009 | 9mo 27d | 1y 11mo | 2y 8moMay 2008 - Feb 2011 |
COVID crash2020 | -36.04%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
2011 bear market2011 | -21.38%Oct 2011 | 5mo 4d | 4mo 27d | 10mo 1dMay 2011 - Feb 2012 |
Rate-hike selloffLate 2018 | -19.49%Dec 2018 | 3mo 1d | 6mo 11d | 9mo 12dSep 2018 - Jul 2019 |
Bear market2022 | -17.49%Sep 2022 | 5mo 12d | 9mo 14d | 1y 2moApr 2022 - Jul 2023 |
Drawdown Indicators
| RWL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -56.78% | +1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -9.10% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -18.90% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -25.43% | +7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -33.92% | -2.12% |
Current DrawdownCurrent decline from peak | -1.53% | -3.21% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -10.71% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.04% | -0.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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