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DUSA vs RWL: Differences, Returns & Fees

DUSA and RWL hold 16% of their weight in the same names, and RWL returned +21.1% over the year. Net assets: $1.3bn on Jul 31, 2026 for Davis Select U.S. Equity ETF, and $10.0bn on Oct 9, 2026 for Invesco S&P 500 Revenue ETF.

RWL costs 0.20 points a year less; their one-year returns differ by 3.5 points.

DUSA vs RWL: Differences, Returns & Fees
DUSARWL
Expense ratio0.59%0.39%
Net assets, DUSA as of Jul 31, 2026 and RWL as of Oct 9, 2026$1.3bn$10.0bn
Total return, 1 year+17.6%+21.1%
What it tracksNo index, actively managedS&P 500 Revenue-Weighted Index
Holdings in common16%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund54.4%24.0%
Below its high4.5%, high on Aug 4, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+17.6%
DUSA total return, 1 year
+21.1%
RWL total return, 1 year
0.59%
DUSA expense ratio
0.39%
RWL expense ratio

What they hold in common

By the books each fund has filed, DUSA and RWL hold 16% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

half

16% in common

Positions both hold, largest shared weight first
Holding DUSA RWL
AMAZON.COM INC 5.71% 4.05%
UNITEDHEALTH GROUP INC 2.17% 2.18%
BERKSHIRE HATHAWAY INC CL B 4.11% 1.97%
CVS HEALTH CORP 5.28% 1.88%
CIGNA GROUP 3.12% 1.44%
META PLATFORMS INC CLASS A 4.59% 1.26%
ALPHABET INC CL C 4.98% 1.19%
WELLS FARGO + CO 3.21% 0.60%
CAPITAL ONE FINANCIAL CORP 6.73% 0.36%
CONOCOPHILLIPS 1.69% 0.31%
TYSON FOODS INC CL A 5.49% 0.29%
US BANCORP 6.11% 0.20%
Only in DUSA
MARKEL GROUP INC 4.60%
RESTAURANT BRANDS INTERN 2.95%
OWENS CORNING 1.53%
TOURMALINE OIL CORP 1.41%
PINTEREST INC CLASS A 1.39%
TECK RESOURCES LTD CLS B 0.96%
AGCO CORP 0.71%
Only in RWL
Walmart Inc 3.89%
Apple Inc 2.50%
McKesson Corp 2.17%
ExxonMobil Holdings Corp 1.88%
Microsoft Corp 1.81%
Cencora Inc 1.67%
NVIDIA Corp 1.56%
Costco Wholesale Corp 1.55%

Check overlap with more funds →

On the same fields

DUSA
Davis Select U.S. Equity ETF
RWL
Invesco S&P 500 Revenue ETF
Where it sits Stock ETF Stock ETF
Issuer Davis Fundamental Invesco
What it is Actively managed Tracks an index
Total return, 1 year +17.6% +21.1%
Its benchmark over the same days +26.4% (IWD) not published
Gap to its benchmark −8.8 pts vs IWD not available
Expense ratio 0.59% 0.39%
Already in the S&P 500 78.6% 99.4%
Holdings 26 505
Net assets, DUSA as of Jul 31, 2026 and RWL as of Oct 9, 2026 $1.3bn $10.0bn

DUSA and RWL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DUSA

DUSA is actively managed and tracks no index. The prospectus expense ratio is 0.59% a year. By its holdings filed for Jul 31, 2026, 79% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 54.4%. It sat 4.5% below its high of Aug 4, 2026 on Oct 9, 2026.

Over the year to Oct 9, 2026 it returned +17.6% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.

About RWL

RWL tracks an index. Over the year to Oct 9, 2026 it returned +21.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 24.0%.

Questions people ask

Which returned more over the last year, DUSA or RWL?
In the year to Oct 9, 2026, with distributions reinvested, DUSA returned +17.6% and RWL +21.1%.
Which is cheaper, DUSA or RWL?
RWL is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DUSA and RWL overlap with the S&P 500?
By their latest filed holdings, 79% of DUSA and 99% of RWL by weight is stocks the S&P 500 already holds.
Other comparisons
DUSA vs IUSVDUSA vs SPYVDUSA vs IWDDUSA vs VTVLGLV vs RWLRWL vs TVALOAKM vs RWLJVAL vs RWL
DUSA on its own →RWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DUSA filings on SEC EDGAR ↗DUSA prospectus with the expense ratio (SEC) ↗Davis Fundamental website ↗RWL filings on SEC EDGAR ↗RWL prospectus with the expense ratio (SEC) ↗Invesco page for RWL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DUSA against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dusa-vs-rwl

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.