RWL vs PTLC: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
PTLCPacer Trendpilot US Large Cap ETF
Pacer · 504 holdings · $3.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (RWL: 2026-05-31, PTLC: 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 PTLC?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; Pacer Trendpilot US Large Cap ETF (PTLC, by Pacer) holds 504. They have 500 holdings in common, and by portfolio weight the two funds are 58.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 500RWL holds 502 · PTLC holds 504
- Weight in Shared Holdings
- RWL 100%·PTLC 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
Only in RWL
2 of 502 positions (0.1% of the fund) are not held by PTLC.
CCLCarnival Corp. Ltd.0.14%
2602335DTPG Inc.0.00%
Sector Breakdown
| Sector | RWL | PTLC |
|---|---|---|
| Information Technology | 15.4% | 34.8% |
| Health Care | 19.3% | 8.5% |
| Financials | 15.1% | 12.0% |
| Consumer Discretionary | 12.1% | 10.0% |
| Communication Services | 7.2% | 11.2% |
| Other Sectors | 30.7% | 23.4% |
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% |
| PTLC | +3.4% | +8.5% | +17.4% | +13.9% | +10.3% | +11.1% | 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 PTLC →
Shared Holdings(500)
The top 10 shared positions account for 29% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. | 4.47% | 4.20% | 4.20% |
|---|---|---|---|
 AAPLApple Inc. | 2.55% | 6.46% | 2.55% |
 MSFTMicrosoft Corp. | 1.66% | 4.91% | 1.66% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.75% | 1.41% | 1.41% |
 JPMJPMorgan Chase & Co. | 1.43% | 1.37% | 1.37% |
 GOOGLAlphabet Inc., Class A | 1.22% | 3.63% | 1.22% |
 GOOGAlphabet Inc., Class C | 1.20% | 2.89% | 1.20% |
 NVDANVIDIA Corp. | 1.20% | 7.86% | 1.20% |
 XOMExxon Mobil Corp. | 1.52% | 1.05% | 1.05% |
 METAMeta Platforms, Inc., Class A | 0.95% | 2.17% | 0.95% |
 WMTWalmart Inc. | 3.27% | 0.94% | 0.94% |
 COSTCostco Wholesale Corp. | 1.35% | 0.73% | 0.73% |
 INTCIntel Corp. | 0.62% | 0.72% | 0.62% |
 CVXChevron Corp. | 0.86% | 0.59% | 0.59% |
 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% | 1.74% | 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% | 0.59% | 0.45% |
 AVGOBroadcom Inc. | 0.44% | 3.21% | 0.44% |
 JNJJohnson & Johnson | 0.43% | 0.90% | 0.43% |
 AMDAdvanced Micro Devices, Inc. | 0.43% | 0.94% | 0.43% |
 ORCLOracle Corp. | 0.41% | 0.44% | 0.41% |
Showing the top 250 of 500 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and PTLC overlap?
RWL and PTLC overlap by 58.6% of portfolio weight. They share 500 holdings (RWL holds 502 positions and PTLC holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and PTLC?
The two portfolios are 58.6% 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 PTLC?
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 PTLC doesn't?
2 positions (0.1% of RWL) are unique to RWL, led by CCL and 2602335D. In the other direction, 4 positions (0.1% of PTLC) are unique to PTLC.