RWL vs. IUSV

Last updated Jun 4, 2026

RWL (Invesco S&P 500 Revenue ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both exchange-traded funds - RWL is a S&P 500 fund tracking the S&P 500 Revenue-Weighted Index, while IUSV is a Large Cap Value Equities fund tracking the S&P 900 Value Index. Both are passively managed. Over the past 10 years, RWL returned 13.96%/yr vs 12.04%/yr for IUSV. Their correlation of 0.94 suggests significant overlap in exposure. RWL charges 0.39%/yr vs 0.04%/yr for IUSV.

Performance

RWL vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Revenue ETF (RWL) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWL achieves a 11.07% return, which is significantly higher than IUSV's 7.63% return. Over the past 10 years, RWL has outperformed IUSV with an annualized return of 13.96%, while IUSV has yielded a comparatively lower 12.04% annualized return.

RWL

• 1D: -0.42%
• 1M: 3.13%
• YTD: 11.07%
• 6M: 11.66%
• 1Y: 26.76%
• 3Y*: 19.96%
• 5Y*: 12.89%
• 10Y*: 13.96%

IUSV

• 1D: -0.37%
• 1M: 2.24%
• YTD: 7.63%
• 6M: 7.88%
• 1Y: 21.24%
• 3Y*: 15.62%
• 5Y*: 10.47%
• 10Y*: 12.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RWL vs. IUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWL Invesco S&P 500 Revenue ETF	11.07%	18.65%	16.45%	17.43%	-6.00%	30.29%	9.14%	27.83%	-7.74%	20.34%
IUSV iShares Core S&P U.S. Value ETF	7.63%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%

Correlation

The correlation between RWL and IUSV is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 25, 2008	0.94

The correlation between RWL and IUSV has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

RWL vs. IUSV - Sectors Allocation Comparison

Sectors	RWL	IUSV
Healthcare	19.5%	11.0%
Financial Services	15.4%	15.0%
Technology	13.7%	20.8%
Consumer Cyclical	12.3%	11.1%
Consumer Defensive	11.1%	8.8%
Industrials	8.6%	11.2%
Communication Services	7.5%	3.1%
Energy	6.6%	7.2%
Utilities	2.4%	4.3%
Basic Materials	2.1%	3.6%
Real Estate	0.9%	3.7%

Return for Risk

RWL vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWL

RWL Risk / Return Rank: 81
RWL Sharpe Ratio Rank: 81
RWL Sortino Ratio Rank: 82
RWL Omega Ratio Rank: 79
RWL Calmar Ratio Rank: 78
RWL Martin Ratio Rank: 83

IUSV

IUSV Risk / Return Rank: 65
IUSV Sharpe Ratio Rank: 62
IUSV Sortino Ratio Rank: 64
IUSV Omega Ratio Rank: 62
IUSV Calmar Ratio Rank: 67
IUSV Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RWL vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Revenue ETF (RWL) and iShares Core S&P U.S. Value ETF (IUSV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	RWL	IUSV	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.14	+0.55
Sortino ratio: Return per unit of downside risk	3.76	3.01	+0.75
Omega ratio: Gain probability vs. loss probability	1.48	1.38	+0.09
Calmar ratio: Return relative to maximum drawdown	4.05	3.35	+0.69
Martin ratio: Return relative to average drawdown	17.12	12.84	+4.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWL vs. IUSV - Sharpe Ratio Comparison

The current RWL Sharpe Ratio is 2.69, which is comparable to the IUSV Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of RWL and IUSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RWL	IUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.14	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.72	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.71	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.60	-0.03

Drawdowns

RWL vs. IUSV - Drawdown Comparison

The maximum RWL drawdown since its inception was -54.83%, roughly equal to the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for RWL and IUSV.

Drawdown Indicators

	RWL	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-54.83%	-56.88%	+2.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-6.36%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.39%	-17.76%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-17.95%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.04%	-37.54%	+1.50%
Current Drawdown Current decline from peak	-0.57%	-0.51%	-0.06%
Average Drawdown Average peak-to-trough decline	-6.45%	-6.29%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.66%	-0.09%

Volatility

RWL vs. IUSV - Volatility Comparison

Invesco S&P 500 Revenue ETF (RWL) and iShares Core S&P U.S. Value ETF (IUSV) have volatilities of 2.12% and 2.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWL	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.14%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	7.14%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	9.98%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	14.55%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	17.07%	-0.21%

RWL vs. IUSV - Expense Ratio Comparison

RWL has a 0.39% expense ratio, which is higher than IUSV's 0.04% expense ratio.

Dividends

RWL vs. IUSV - Dividend Comparison

RWL's dividend yield for the trailing twelve months is around 1.25%, less than IUSV's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSV iShares Core S&P U.S. Value ETF	1.68%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%
RWL Invesco S&P 500 Revenue ETF	1.25%	1.35%	1.43%	1.60%	1.62%	1.35%	1.75%	1.87%	1.99%	1.60%	1.71%	1.97%

Frequently Asked Questions

Can I hold both RWL and IUSV in my portfolio?

With a correlation of 0.92, RWL and IUSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RWL or IUSV?

IUSV has higher volatility (2.14%) compared to RWL (2.12%). In terms of maximum drawdown, RWL dropped -54.83% vs IUSV's -56.88%.

Which ETF is better, RWL or IUSV?

On 10-year performance, RWL leads with 13.96% vs 12.04% for IUSV. On fees, IUSV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RWL or IUSV?

Over the 10-year period, RWL has performed better with a 13.96% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RWL or IUSV?

IUSV is cheaper with a 0.04% expense ratio, compared with 0.39% for RWL.

Which ETF pays a higher dividend yield, RWL or IUSV?

IUSV has the higher dividend yield at 1.68%, compared with 1.25% for RWL.

What is the main difference between RWL and IUSV?

RWL is categorized as S&P 500, while IUSV is Large Cap Value Equities. RWL tracks S&P 500 Revenue-Weighted Index, while IUSV tracks S&P 900 Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for RWL and 0.04% for IUSV.

Which has better risk-adjusted returns?

RWL currently has the higher Sharpe Ratio (2.69 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.