Invesco S&P 500 Revenue ETF (RWL) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RWL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RWL
RWL charges 0.39% annually. There are 52 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 158.31B | Nov 2005 | RWL vs SPYM | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | RWL vs VOO | |
| iShares Core S&P 500 ETF | 0.03% | 894.38B | May 2000 | RWL vs IVV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.75B | Sep 2000 | RWL vs SPYG | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | RWL vs SPYV |
Best Risk-Adjusted Alternatives to RWL
RWL has a PortfoliosLab risk / return rank of 91. There are 13 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | RWL vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | RWL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | RWL vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | RWL vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 95 | 32.10M | Sep 2024 | RWL vs CPST |
Top Performing RWL Alternatives (YTD)
RWL is at 14.62% YTD. There are 19 ETFs in the S&P 500 category with higher YTD returns, going as high as 69.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 69.56% | 94.34M | Nov 2019 | RWL vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 36.57% | 5.69B | Jan 2006 | RWL vs RSPT | |
| Invesco S&P 500 Equal Weight Energy ETF | 31.88% | 540.52M | Nov 2006 | RWL vs RSPG | |
| Invesco S&P 500 Momentum ETF | 28.67% | 22.01B | Oct 2015 | RWL vs SPMO | |
| Invesco S&P 500 Pure Growth ETF | 28.19% | 2.19B | Mar 2006 | RWL vs RPG |
Lowest Volatility Alternatives to RWL
RWL has 10.02% 1-year volatility. There are 32 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | RWL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | RWL vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | RWL vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.89% | 25.70M | Jun 2025 | RWL vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.96% | — | May 2025 | RWL vs PMJN |
Lowest Drawdown Alternatives to RWL
RWL has a 1-year max drawdown of -6.64%. There are 31 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | RWL vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | RWL vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | RWL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 25.70M | Jun 2025 | RWL vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | RWL vs PMJN |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 61 | 17.43% | 481.14B | Mar 1999 | RWL vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 61 | 17.45% | 100.59B | Oct 2020 | RWL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 56 | 12.34% | 96.24B | Apr 2003 | RWL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 93 | 79.01% | 2.58B | Jun 2021 | RWL vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 41 | 4.48% | 10.85B | May 2005 | RWL vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.67% | 20.11B | Dec 2005 | RWL vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 36 | 11.04% | 3.29B | Oct 2012 | RWL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 51 | 16.50% | 7.45B | Mar 2005 | RWL vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 32 | 9.74% | 8.22B | Oct 2005 | RWL vs PPA | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 45 | 9.24% | 3.99B | Feb 2012 | RWL vs IDMO |
Often Compared With RWL
Investors most often compare RWL with VTV, SCHD, FVAL. These 19 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare RWL with Any Fund or Stock
Compare RWL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RWL with funds that move differently
Invesco S&P 500 Revenue ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RWL.
Explore RWL Diversifiers