IVV vs RWL: Holdings Overlap
iShares · 503 holdings · $901.0B · as of 2026-03-31
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (IVV: 2026-03-31, RWL: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are IVV and RWL?
iShares Core S&P 500 ETF (IVV, by iShares) holds 503 positions; Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502. They have 500 holdings in common, and by portfolio weight the two funds are 59.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 500IVV holds 503 · RWL holds 502
- Weight in Shared Holdings
- IVV 100%·RWL 100%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Sector Breakdown
| Sector | IVV | RWL |
|---|---|---|
| Information Technology | 32.6% | 15.4% |
| Health Care | 9.4% | 19.3% |
| Financials | 12.6% | 15.1% |
| Consumer Discretionary | 9.8% | 12.1% |
| Communication Services | 10.5% | 7.2% |
| Other Sectors | 24.8% | 30.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
| RWL | +3.1% | +17.9% | +31.3% | +19.4% | +14.1% | +14.1% | 1.20% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in IVV vs RWL →
Shared Holdings(500)
The top 10 shared positions account for 28% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. | 3.63% | 4.47% | 3.63% |
|---|---|---|---|
 AAPLApple, Inc. | 6.65% | 2.55% | 2.55% |
 MSFTMicrosoft Corp. | 4.91% | 1.66% | 1.66% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.57% | 1.75% | 1.57% |
 JPMJPMorgan Chase & Co. | 1.42% | 1.43% | 1.42% |
 XOMExxon Mobil Corp. | 1.27% | 1.52% | 1.27% |
 GOOGLAlphabet, Inc., Class A | 2.99% | 1.22% | 1.22% |
 GOOGAlphabet, Inc., Class C | 2.39% | 1.20% | 1.20% |
 NVDANVIDIA Corp. | 7.56% | 1.20% | 1.20% |
 WMTWalmart, Inc. | 0.97% | 3.27% | 0.97% |
 METAMeta Platforms, Inc., Class A | 2.23% | 0.95% | 0.95% |
 COSTCostco Wholesale Corp. | 0.79% | 1.35% | 0.79% |
 CVXChevron Corp. | 0.69% | 0.86% | 0.69% |
 HDHome Depot, Inc. (The) | 0.58% | 0.73% | 0.58% |
 BACBank of America Corp. | 0.58% | 1.02% | 0.58% |
 TSLATesla, Inc. | 1.87% | 0.50% | 0.50% |
 MUMicron Technology, Inc. | 0.68% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.45% | 0.77% | 0.45% |
 CSCOCisco Systems, Inc. | 0.55% | 0.45% | 0.45% |
 WFCWells Fargo & Co. | 0.44% | 0.61% | 0.44% |
 UNHUnitedHealth Group, Inc. | 0.44% | 2.92% | 0.44% |
 AVGOBroadcom, Inc. | 2.62% | 0.44% | 0.44% |
 JNJJohnson & Johnson | 1.05% | 0.43% | 0.43% |
 AMDAdvanced Micro Devices, Inc. | 0.59% | 0.43% | 0.43% |
 ORCLOracle Corp. | 0.45% | 0.41% | 0.41% |
Showing the top 250 of 500 shared holdings by overlap weight.
Frequently Asked Questions
How much do IVV and RWL overlap?
IVV and RWL overlap by 59.4% of portfolio weight. They share 500 holdings (IVV holds 503 positions and RWL holds 502), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IVV and RWL?
The two portfolios are 59.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IVV and RWL?
The largest positions held by both funds are AMZN, AAPL, MSFT, BRK-B and JPM. Together the top 10 shared positions account for 28% of the total overlap.
What does IVV own that RWL doesn't?
3 positions (0.1% of IVV) are unique to IVV, led by CCL, CTRA and HOLX. In the other direction, 2 positions (0.1% of RWL) are unique to RWL.