RWL vs SCHX: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
Schwab · 748 holdings · $74.3B · as of 2026-05-31
How similar are RWL and SCHX?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; Schwab U.S. Large-Cap ETF (SCHX, by Schwab) holds 748. They have 496 holdings in common, and by portfolio weight the two funds are 55.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 496RWL holds 502 · SCHX holds 748
- Weight in Shared Holdings
- RWL 99%·SCHX 94%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
6 of 502 positions (0.3% of the fund) are not held by SCHX.
Sector Breakdown
| Sector | RWL | SCHX |
|---|---|---|
| Information Technology | 15.4% | 37.4% |
| Health Care | 19.3% | 8.4% |
| Financials | 15.1% | 11.4% |
| Consumer Discretionary | 12.1% | 9.7% |
| Communication Services | 7.2% | 10.3% |
| Other Sectors | 30.7% | 22.7% |
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 |
|---|---|---|---|---|---|---|---|
| RWL | +3.1% | +17.9% | +31.3% | +19.4% | +14.1% | +14.1% | 1.20% |
| SCHX | +3.5% | +14.0% | +23.2% | +21.2% | +12.8% | +15.3% | 0.99% |
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 SCHX →
Shared Holdings(496)
The top 10 shared positions account for 29% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. | 4.47% | 3.86% | 3.86% |
|---|---|---|---|
 AAPLApple Inc. | 2.55% | 6.69% | 2.55% |
 MSFTMicrosoft Corp. | 1.66% | 4.88% | 1.66% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.75% | 1.27% | 1.27% |
 GOOGLAlphabet Inc., Class A | 1.22% | 3.23% | 1.22% |
 GOOGAlphabet Inc., Class C | 1.20% | 2.57% | 1.20% |
 NVDANVIDIA Corp. | 1.20% | 7.50% | 1.20% |
 JPMJPMorgan Chase & Co. | 1.43% | 1.18% | 1.18% |
 METAMeta Platforms, Inc., Class A | 0.95% | 2.02% | 0.95% |
 XOMExxon Mobil Corp. | 1.52% | 0.89% | 0.89% |
 WMTWalmart Inc. | 3.27% | 0.74% | 0.74% |
 COSTCostco Wholesale Corp. | 1.35% | 0.62% | 0.62% |
 INTCIntel Corp. | 0.62% | 0.79% | 0.62% |
 UNHUnitedHealth Group Inc. | 2.92% | 0.50% | 0.50% |
 BACBank of America Corp. | 1.02% | 0.50% | 0.50% |
 CVXChevron Corp. | 0.86% | 0.50% | 0.50% |
 TSLATesla, Inc. | 0.50% | 1.79% | 0.50% |
 MUMicron Technology, Inc. | 0.48% | 1.60% | 0.48% |
 HDHome Depot, Inc. (The) | 0.73% | 0.46% | 0.46% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.45% | 0.45% |
 CSCOCisco Systems, Inc. | 0.45% | 0.70% | 0.45% |
 AVGOBroadcom Inc. | 0.44% | 3.10% | 0.44% |
 JNJJohnson & Johnson | 0.43% | 0.79% | 0.43% |
 AMDAdvanced Micro Devices, Inc. | 0.43% | 1.23% | 0.43% |
 ORCLOracle Corp. | 0.41% | 0.56% | 0.41% |
Showing the top 250 of 496 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and SCHX overlap?
RWL and SCHX overlap by 55.5% of portfolio weight. They share 496 holdings (RWL holds 502 positions and SCHX holds 748), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and SCHX?
The two portfolios are 55.5% 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 SCHX?
The largest positions held by both funds are AMZN, AAPL, MSFT, BRK-B and GOOGL. Together the top 10 shared positions account for 29% of the total overlap.
What does RWL own that SCHX doesn't?
6 positions (0.3% of RWL) are unique to RWL, led by SNDK, ECHO and FOX. In the other direction, 252 positions (5.5% of SCHX) are unique to SCHX.