RWL vs SCHB: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
SCHBSchwab U.S. Broad Market ETF
Schwab · 2407 holdings · $44.7B · as of 2026-05-31
How similar are RWL and SCHB?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; Schwab U.S. Broad Market ETF (SCHB, by Schwab) holds 2407. They have 499 holdings in common, and by portfolio weight the two funds are 53.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 499RWL holds 502 · SCHB holds 2407
- Weight in Shared Holdings
- RWL 100%·SCHB 89%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
3 of 502 positions (0.1% of the fund) are not held by SCHB.
Sector Breakdown
| Sector | RWL | SCHB |
|---|---|---|
| Information Technology | 15.4% | 36.4% |
| Health Care | 19.3% | 8.7% |
| Financials | 15.1% | 11.6% |
| Consumer Discretionary | 12.1% | 9.7% |
| Consumer Staples | 10.1% | 4.3% |
| Other Sectors | 27.8% | 29.1% |
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% |
| SCHB | +3.3% | +14.6% | +24.0% | +20.9% | +12.4% | +14.9% | 1.00% |
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 SCHB →
Shared Holdings(499)
The top 10 shared positions account for 29% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. | 4.47% | 3.62% | 3.62% |
|---|---|---|---|
 AAPLApple Inc. | 2.55% | 6.26% | 2.55% |
 MSFTMicrosoft Corp. | 1.66% | 4.57% | 1.66% |
 GOOGLAlphabet Inc., Class A | 1.22% | 3.03% | 1.22% |
 GOOGAlphabet Inc., Class C | 1.20% | 2.41% | 1.20% |
 NVDANVIDIA Corp. | 1.20% | 7.02% | 1.20% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.75% | 1.19% | 1.19% |
 JPMJPMorgan Chase & Co. | 1.43% | 1.10% | 1.10% |
 METAMeta Platforms, Inc., Class A | 0.95% | 1.89% | 0.95% |
 XOMExxon Mobil Corp. | 1.52% | 0.83% | 0.83% |
 WMTWalmart Inc. | 3.27% | 0.69% | 0.69% |
 INTCIntel Corp. | 0.62% | 0.74% | 0.62% |
 COSTCostco Wholesale Corp. | 1.35% | 0.58% | 0.58% |
 TSLATesla, Inc. | 0.50% | 1.68% | 0.50% |
 MUMicron Technology, Inc. | 0.48% | 1.49% | 0.48% |
 UNHUnitedHealth Group Inc. | 2.92% | 0.47% | 0.47% |
 BACBank of America Corp. | 1.02% | 0.47% | 0.47% |
 CVXChevron Corp. | 0.86% | 0.47% | 0.47% |
 CSCOCisco Systems, Inc. | 0.45% | 0.65% | 0.45% |
 AVGOBroadcom Inc. | 0.44% | 2.90% | 0.44% |
 HDHome Depot, Inc. (The) | 0.73% | 0.43% | 0.43% |
 JNJJohnson & Johnson | 0.43% | 0.74% | 0.43% |
 AMDAdvanced Micro Devices, Inc. | 0.43% | 1.15% | 0.43% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.42% | 0.42% |
 ORCLOracle Corp. | 0.41% | 0.52% | 0.41% |
Showing the top 250 of 499 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and SCHB overlap?
RWL and SCHB overlap by 53.8% of portfolio weight. They share 499 holdings (RWL holds 502 positions and SCHB holds 2407), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and SCHB?
The two portfolios are 53.8% 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 SCHB?
The largest positions held by both funds are AMZN, AAPL, MSFT, GOOGL and GOOG. Together the top 10 shared positions account for 29% of the total overlap.
What does RWL own that SCHB doesn't?
3 positions (0.1% of RWL) are unique to RWL, led by FOX, NWS and 2602335D. In the other direction, 1908 positions (11.2% of SCHB) are unique to SCHB.