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FDVV vs RWL: Differences, Returns & Fees

FDVV and RWL hold 25% of their weight in the same names, and RWL returned +21.1% over the year. Net assets: $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF, and $10.0bn on Oct 9, 2026 for Invesco S&P 500 Revenue ETF.

FDVV costs 0.24 points a year less; their one-year returns differ by 7.0 points.

FDVV vs RWL: Differences, Returns & Fees
FDVVRWL
Expense ratio0.15%0.39%
Net assets, FDVV as of Sep 30, 2026 and RWL as of Oct 9, 2026$10.2bn$10.0bn
Total return, 1 year+14.1%+21.1%
What it tracksFidelity High Dividend IndexS&P 500 Revenue-Weighted Index
Holdings in common25%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund33.8%24.0%
Below its high3.6%, high on Aug 13, 2026

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

+14.1%
FDVV total return, 1 year
+21.1%
RWL total return, 1 year
0.15%
FDVV expense ratio
0.39%
RWL expense ratio

What they hold in common

By the books each fund has filed, FDVV and RWL hold 25% 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

25% in common

Positions both hold, largest shared weight first
Holding FDVV RWL
APPLE INC 6.18% 2.50%
MICROSOFT CORP 4.88% 1.81%
NVIDIA CORP 6.57% 1.56%
JPMORGAN CHASE and CO 2.76% 1.41%
ALPHABET INC 1.95% 1.19%
FORD MOTOR CO 1.45% 0.85%
BANK OF AMERICA CORPORATION 1.96% 0.85%
DELL TECHNOLOGIES INC 2.66% 0.83%
HOME DEPOT INC 1.59% 0.80%
META PLATFORMS INC 0.65% 1.26%
WELLS FARGO and CO 1.52% 0.60%
GOLDMAN SACHS GROUP INC (THE) 1.80% 0.59%
Only in FDVV
BANCA MONTE DEI PASCHI DI SIENA SPA 1.50%
VAIL RESORTS INC 1.43%
BANCO BPM SPA 1.41%
DANSKE BANK A/S 1.29%
OLD REPUBLIC INTL CORP 1.29%
ANNALY CAPITAL MANAGEMENT INC 1.21%
ORKLA ASA 1.18%
OMEGA HEALTHCARE INVESTORS INC 0.90%
Only in RWL
Amazon.com Inc 4.05%
Walmart Inc 3.89%
McKesson Corp 2.17%
Berkshire Hathaway Inc 1.97%
CVS Health Corp 1.88%
ExxonMobil Holdings Corp 1.88%
Cencora Inc 1.67%
Costco Wholesale Corp 1.55%

Check overlap with more funds →

On the same fields

FDVV
Fidelity High Dividend ETF
RWL
Invesco S&P 500 Revenue ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity Invesco
What it is Tracks an index of High Dividend Tracks an index
Total return, 1 year +14.1% +21.1%
Expense ratio 0.15% 0.39%
Already in the S&P 500 87.4% 99.4%
Holdings 95 505
Net assets, FDVV as of Sep 30, 2026 and RWL as of Oct 9, 2026 $10.2bn $10.0bn

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

About FDVV

FDVV tracks an index of High Dividend. Over the year to Oct 9, 2026 it returned +14.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%. It sat 3.6% below its high of Aug 13, 2026 on Oct 9, 2026.

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, FDVV or RWL?
In the year to Oct 9, 2026, with distributions reinvested, FDVV returned +14.1% and RWL +21.1%.
Which is cheaper, FDVV or RWL?
FDVV is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDVV and RWL overlap with the S&P 500?
By their latest filed holdings, 87% of FDVV and 99% of RWL by weight is stocks the S&P 500 already holds.
Other comparisons
FDVV vs PVALFDVV vs FTCSFDVV vs MGVFDVV vs JAVARWL vs VLUERWL vs SPYDRWL vs SPLVRWL vs SCHV
FDVV on its own →RWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FDVV filings on SEC EDGAR ↗FDVV prospectus with the expense ratio (SEC) ↗Fidelity 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, FDVV against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdvv-vs-rwl

Open data

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