RWL vs IWB: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
iShares · 1005 holdings · $49.9B · as of 2026-03-31
Holdings snapshots are 61 days apart (RWL: 2026-05-31, IWB: 2026-03-31). 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 RWL and IWB?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; iShares Russell 1000 ETF (IWB, by iShares) holds 1005. They have 494 holdings in common, and by portfolio weight the two funds are 56.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 56.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 494RWL holds 502 · IWB holds 1005
- Weight in Shared Holdings
- RWL 99%·IWB 92%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
8 of 502 positions (0.7% of the fund) are not held by IWB.
Only in IWB
511 of 1005 positions (7.6% of the fund) are not held by RWL. Showing the top 30 by weight.
Sector Breakdown
| Sector | RWL | IWB |
|---|---|---|
| Information Technology | 15.4% | 30.9% |
| Health Care | 19.3% | 9.6% |
| Financials | 15.1% | 12.9% |
| Consumer Discretionary | 12.1% | 10.0% |
| Communication Services | 7.2% | 10.2% |
| Other Sectors | 30.7% | 26.2% |
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% |
| IWB | +3.4% | +13.9% | +23.1% | +20.9% | +12.6% | +15.0% | 0.89% |
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 IWB →
Shared Holdings(494)
The top 10 shared positions account for 28% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. COM | 4.47% | 3.33% | 3.33% |
|---|---|---|---|
 AAPLApple Inc. COM | 2.55% | 6.10% | 2.55% |
 MSFTMicrosoft Corp. COM | 1.66% | 4.58% | 1.66% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.75% | 1.47% | 1.47% |
 JPMJPMorgan Chase & Co. COM | 1.43% | 1.33% | 1.33% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.22% | 2.79% | 1.22% |
 GOOGAlphabet Inc. CAP STK CL C | 1.20% | 2.27% | 1.20% |
 NVDANVIDIA Corp. COM | 1.20% | 6.81% | 1.20% |
 XOMExxon Mobil Corp. COM | 1.52% | 1.20% | 1.20% |
 METAMeta Platforms, Inc., Class A | 0.95% | 2.08% | 0.95% |
 WMTWalmart Inc COM | 3.27% | 0.90% | 0.90% |
 COSTCostco Wholesale Corporation COM | 1.35% | 0.74% | 0.74% |
 CVXChevron Corp. COM | 0.86% | 0.65% | 0.65% |
 HDHome Depot, Inc. (The) | 0.73% | 0.55% | 0.55% |
 BACBank of America Corp. COM | 1.02% | 0.53% | 0.53% |
 TSLATesla Inc COM | 0.50% | 1.75% | 0.50% |
 MUMicron Technology Inc. COM | 0.48% | 0.63% | 0.48% |
 CSCOCisco Systems, Inc. COM | 0.45% | 0.52% | 0.45% |
 AVGOBroadcom Inc COM | 0.44% | 2.39% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 0.98% | 0.43% |
 AMDAdvanced Micro Devices Inc. COM | 0.43% | 0.55% | 0.43% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.41% | 0.41% |
 ORCLOracle Corp. COM | 0.41% | 0.41% | 0.41% |
 WFCWells Fargo & Co. COM | 0.61% | 0.41% | 0.41% |
 UNHUnitedHealth Group Inc. COM | 2.92% | 0.41% | 0.41% |
Showing the top 250 of 494 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and IWB overlap?
RWL and IWB overlap by 56.9% of portfolio weight. They share 494 holdings (RWL holds 502 positions and IWB holds 1005), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and IWB?
The two portfolios are 56.9% 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 IWB?
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 RWL own that IWB doesn't?
8 positions (0.7% of RWL) are unique to RWL, led by PSKY, CCL and STX. In the other direction, 511 positions (7.6% of IWB) are unique to IWB.