RWL vs VFLO: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
VFLOVictoryShares Free Cash Flow ETF
VictoryShares · 50 holdings · $9.6B · as of 2026-03-31
Holdings snapshots are 61 days apart (RWL: 2026-05-31, VFLO: 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 VFLO?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; VictoryShares Free Cash Flow ETF (VFLO, by VictoryShares) holds 50. They have 38 holdings in common, and by portfolio weight the two funds are 10.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 38RWL holds 502 · VFLO holds 50
- Weight in Shared Holdings
- RWL 10%·VFLO 79%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
464 of 502 positions (89.4% of the fund) are not held by VFLO. Showing the top 30 by weight.
Only in VFLO
12 of 50 positions (20.8% of the fund) are not held by RWL.
Sector Breakdown
| Sector | RWL | VFLO |
|---|---|---|
| Information Technology | 15.4% | 30.0% |
| Health Care | 19.3% | 17.6% |
| Consumer Discretionary | 12.1% | 17.9% |
| Financials | 15.1% | 0.0% |
| Energy | 6.1% | 12.8% |
| Other Sectors | 31.8% | 21.2% |
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% |
| VFLO | +8.6% | +31.3% | +51.6% | +26.1% | — | — | 1.09% |
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 VFLO →
Shared Holdings(38)
The top 10 shared positions account for 80% of the overlap, led by DELL, CNC and CI.
 DELLDell Technologies, Inc., Class C | 1.59% | 2.97% | 1.59% |
|---|---|---|---|
 CNCCentene Corp. COM | 1.59% | 1.47% | 1.47% |
 CIThe Cigna Group COM | 1.43% | 3.29% | 1.43% |
 HUMHumana Inc. COM | 1.13% | 1.39% | 1.13% |
 GMGeneral Motors Company COM | 1.01% | 2.47% | 1.01% |
 DALDelta Air Lines Inc. COM NEW | 0.43% | 2.45% | 0.43% |
 MRKMerck & Co., Inc COM | 0.33% | 2.91% | 0.33% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.32% | 3.27% | 0.32% |
 UBERUber Technologies Inc COM | 0.24% | 2.53% | 0.24% |
 CRMSalesforce Inc. COM | 0.20% | 3.25% | 0.20% |
 SLBSLB Ltd. COM USD0.01 | 0.20% | 2.00% | 0.20% |
 NRGNRG Energy, Inc. COM NEW | 0.14% | 1.67% | 0.14% |
 BKNGBooking Holdings Inc COM | 0.13% | 2.59% | 0.13% |
 CDWCDW Corp COM | 0.12% | 1.12% | 0.12% |
 SNDKSandisk Corporation COM | 0.11% | 2.74% | 0.11% |
 ADBEAdobe Inc COM | 0.11% | 3.08% | 0.11% |
 ADPAutomatic Data Processing, Inc. COM | 0.11% | 1.73% | 0.11% |
 NEMNewmont Corporation COM | 0.10% | 2.55% | 0.10% |
 APTVAptiv PLC COM SHS | 0.10% | 1.16% | 0.10% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.09% | 2.21% | 0.09% |
 FANGDiamondback Energy Inc COM | 0.08% | 2.39% | 0.08% |
 OMCOmnicom Group Inc COM | 0.08% | 3.35% | 0.08% |
 EXPEExpedia Group Inc COM NEW | 0.07% | 2.70% | 0.07% |
 LDOSLeidos Holdings Inc COM | 0.06% | 1.06% | 0.06% |
 ABNBAirbnb, Inc., Class A | 0.06% | 1.99% | 0.06% |
Frequently Asked Questions
How much do RWL and VFLO overlap?
RWL and VFLO overlap by 10.2% of portfolio weight. They share 38 holdings (RWL holds 502 positions and VFLO holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and VFLO?
The two portfolios are 10.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of RWL and VFLO?
The largest positions held by both funds are DELL, CNC, CI, HUM and GM. Together the top 10 shared positions account for 80% of the total overlap.
What does RWL own that VFLO doesn't?
464 positions (89.4% of RWL) are unique to RWL, led by AMZN, WMT and UNH. In the other direction, 12 positions (20.8% of VFLO) are unique to VFLO.