RWL vs BBUS: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
BBUSJpmorgan Betabuilders U.S. Equity ETF
JPMorgan · 494 holdings · $8.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (RWL: 2026-05-31, BBUS: 2026-04-30). 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 RWL and BBUS?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; Jpmorgan Betabuilders U.S. Equity ETF (BBUS, by JPMorgan) holds 494. They have 430 holdings in common, and by portfolio weight the two funds are 57.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 430RWL holds 502 · BBUS holds 494
- Weight in Shared Holdings
- RWL 96%·BBUS 97%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
Only in RWL
72 of 502 positions (3.5% of the fund) are not held by BBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | RWL | BBUS |
|---|---|---|
| Information Technology | 15.4% | 34.4% |
| Health Care | 19.3% | 8.5% |
| Financials | 15.1% | 12.0% |
| Consumer Discretionary | 12.1% | 10.0% |
| Communication Services | 7.2% | 11.4% |
| Other Sectors | 30.7% | 23.2% |
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 |
|---|---|---|---|---|---|---|---|
| RWL | +3.1% | +17.9% | +31.3% | +19.4% | +14.1% | +14.1% | 1.20% |
| BBUS | +3.5% | +13.7% | +23.1% | +21.3% | +12.9% | — | 0.98% |
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 RWL vs BBUS →
Shared Holdings(430)
The top 10 shared positions account for 29% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. | 4.47% | 4.19% | 4.19% |
|---|---|---|---|
 AAPLApple, Inc. | 2.55% | 6.41% | 2.55% |
 MSFTMicrosoft Corp. | 1.66% | 4.88% | 1.66% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.75% | 1.40% | 1.40% |
 JPMJPMorgan Chase & Co. | 1.43% | 1.36% | 1.36% |
 GOOGLAlphabet, Inc., Class A | 1.22% | 3.61% | 1.22% |
 GOOGAlphabet, Inc., Class C | 1.20% | 3.11% | 1.20% |
 NVDANVIDIA Corp. | 1.20% | 7.53% | 1.20% |
 XOMExxon Mobil Corp. | 1.52% | 1.03% | 1.03% |
 METAMeta Platforms, Inc., Class A | 0.95% | 2.16% | 0.95% |
 WMTWalmart, Inc. | 3.27% | 0.91% | 0.91% |
 COSTCostco Wholesale Corp. | 1.35% | 0.73% | 0.73% |
 INTCIntel Corp. | 0.62% | 0.66% | 0.62% |
 CVXChevron Corp. | 0.86% | 0.58% | 0.58% |
 BACBank of America Corp. | 1.02% | 0.57% | 0.57% |
 UNHUnitedHealth Group, Inc. | 2.92% | 0.54% | 0.54% |
 HDHome Depot, Inc. (The) | 0.73% | 0.53% | 0.53% |
 TSLATesla, Inc. | 0.50% | 1.73% | 0.50% |
 MUMicron Technology, Inc. | 0.48% | 0.94% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.45% | 0.45% |
 CSCOCisco Systems, Inc. | 0.45% | 0.58% | 0.45% |
 AVGOBroadcom, Inc. | 0.44% | 3.13% | 0.44% |
 JNJJohnson & Johnson | 0.43% | 0.89% | 0.43% |
 AMDAdvanced Micro Devices, Inc. | 0.43% | 0.93% | 0.43% |
 ORCLOracle Corp. | 0.41% | 0.44% | 0.41% |
Showing the top 250 of 430 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and BBUS overlap?
RWL and BBUS overlap by 57.0% of portfolio weight. They share 430 holdings (RWL holds 502 positions and BBUS holds 494), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and BBUS?
The two portfolios are 57.0% 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 RWL and BBUS?
The largest positions held by both funds are AMZN, AAPL, MSFT, BRK-B and JPM. Together the top 10 shared positions account for 29% of the total overlap.
What does RWL own that BBUS doesn't?
72 positions (3.5% of RWL) are unique to RWL, led by Q23, JBL and PSKY. In the other direction, 64 positions (2.5% of BBUS) are unique to BBUS.