RWL vs VV: Holdings Overlap
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
VVVanguard Large-cap Index Fund
Vanguard · 444 holdings · $54.4B · as of 2026-03-31
Holdings snapshots are 61 days apart (RWL: 2026-05-31, VV: 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 VV?
Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502 positions; Vanguard Large-cap Index Fund (VV, by Vanguard) holds 444. They have 404 holdings in common, and by portfolio weight the two funds are 57.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 404RWL holds 502 · VV holds 444
- Weight in Shared Holdings
- RWL 95%·VV 98%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
98 of 502 positions (4.9% of the fund) are not held by VV. Showing the top 30 by weight.
Only in VV
40 of 444 positions (1.7% of the fund) are not held by RWL. Showing the top 30 by weight.
Sector Breakdown
| Sector | RWL | VV |
|---|---|---|
| Information Technology | 15.4% | 33.0% |
| Health Care | 19.3% | 9.6% |
| Financials | 15.1% | 12.4% |
| Consumer Discretionary | 12.1% | 9.7% |
| Communication Services | 7.2% | 10.6% |
| Other Sectors | 30.7% | 24.3% |
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% |
| VV | +3.4% | +13.8% | +23.2% | +21.5% | +13.0% | +15.4% | 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 VV →
Shared Holdings(404)
The top 10 shared positions account for 29% of the overlap, led by AMZN, AAPL and MSFT.
 AMZNAmazon.com, Inc. COM | 4.47% | 3.68% | 3.68% |
|---|---|---|---|
 AAPLApple Inc. COM | 2.55% | 6.81% | 2.55% |
 MSFTMicrosoft Corp. COM | 1.66% | 5.03% | 1.66% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.75% | 1.54% | 1.54% |
 JPMJPMorgan Chase & Co. COM | 1.43% | 1.36% | 1.36% |
 XOMExxon Mobil Corp. COM | 1.52% | 1.29% | 1.29% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.22% | 3.06% | 1.22% |
 GOOGAlphabet Inc. CAP STK CL C | 1.20% | 2.43% | 1.20% |
 NVDANVIDIA Corp. COM | 1.20% | 7.36% | 1.20% |
 WMTWalmart Inc COM | 3.27% | 1.00% | 1.00% |
 METAMeta Platforms, Inc., Class A | 0.95% | 2.29% | 0.95% |
 COSTCostco Wholesale Corporation COM | 1.35% | 0.81% | 0.81% |
 CVXChevron Corp. COM | 0.86% | 0.72% | 0.72% |
 HDHome Depot, Inc. (The) | 0.73% | 0.60% | 0.60% |
 BACBank of America Corp. COM | 1.02% | 0.55% | 0.55% |
 TSLATesla Inc COM | 0.50% | 1.91% | 0.50% |
 MUMicron Technology Inc. COM | 0.48% | 0.70% | 0.48% |
 WFCWells Fargo & Co. COM | 0.61% | 0.45% | 0.45% |
 UNHUnitedHealth Group Inc. COM | 2.92% | 0.45% | 0.45% |
 CSCOCisco Systems, Inc. COM | 0.45% | 0.50% | 0.45% |
 AVGOBroadcom Inc COM | 0.44% | 2.68% | 0.44% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.44% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 1.08% | 0.43% |
 AMDAdvanced Micro Devices Inc. COM | 0.43% | 0.61% | 0.43% |
 ORCLOracle Corp. COM | 0.41% | 0.46% | 0.41% |
Showing the top 250 of 404 shared holdings by overlap weight.
Frequently Asked Questions
How much do RWL and VV overlap?
RWL and VV overlap by 57.2% of portfolio weight. They share 404 holdings (RWL holds 502 positions and VV holds 444), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWL and VV?
The two portfolios are 57.2% 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 VV?
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 VV doesn't?
98 positions (4.9% of RWL) are unique to RWL, led by Q23, BBY and JBL. In the other direction, 40 positions (1.7% of VV) are unique to VV.