Data as of Oct 28, 2026.
IUS vs RWL: Differences, Returns & Fees
Over the year to Oct 28, 2026, IUS returned +25.9% to RWL's +20.7%; 66% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.0bn for Invesco RAFI Strategic US ETF and $10.3bn for Invesco S&P 500 Revenue ETF.
Pair scorecard
IUS costs 0.20 points a year less; their one-year returns differ by 5.2 points; RWL is 10.3 times larger.
| Measure | IUS | RWL |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.9% | +20.7% |
| Benchmark | ||
| What it tracks | Invesco Strategic US Index | S&P 500 Revenue-Weighted Index |
| Cost and size | ||
| Expense ratio | 0.19% | 0.39% |
| Net assets, as of Oct 27, 2026 | $1.0bn | $10.3bn |
| Holdings | ||
| Holdings in common | 66% | |
| Top ten holdings, share of the fund | 27.2% | 24.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Sep 21, 2018 to Oct 23, 2026 · 422 weekly returnsEach against its own benchmark: IUS against IWV, Sep 21, 2018 to Oct 23, 2026; RWL against IVV, Feb 29, 2008 to Oct 23, 2026.
IUS returned more: +219.5% to +180.6%. IUS swung slightly less: 17.4% to 17.9%. IUS and RWL fell about the same at their worst: −32.8% and −33.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IUS | RWL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +219.5% | +180.6% | IUS | Price change plus distributions, reinvested. |
| Annualized | +15.4% | +13.6% | IUS | Total return as a yearly rate. |
| Price return | +177.1% | +144.0% | IUS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.4% | 17.9% | IUS (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 12.6% | IUS (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.8% | −33.4% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 79.9% | 93.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 85.5% | 97.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.86 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.85 | 0.91 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.75 | 0.65 | IUS | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 0.91 | IUS | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.152 | 0.109 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.47 | 0.41 | IUS | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWV | IVV | The ETF each fund is measured against. | |
| Alpha | +3.2% a year | −0.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.33 | −0.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.5% to +7.9% | −3.0% to +2.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.21 | −0.09 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.3% | 5.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 422 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IUS and RWL hold 66% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
66% in common
Only in one fund ↓
Side by side
IUS and RWL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IUS and RWL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IUS follows Invesco Strategic US Index and RWL follows S&P 500 Revenue-Weighted Index.
- One-year total return. Over 1 year to Oct 28, 2026 IUS returned +25.9% and RWL +20.7% with distributions reinvested, a gap of 5.2 points.
- Cost. IUS charges 0.19% of assets a year and RWL 0.39%, a gap of 0.20 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +25.9% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IUS tracks an index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 536 positions, with the top ten at 27.2%.
RWL
RWL tracks an index. Over the year to Oct 28, 2026 it returned +20.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 24.4%.
Questions people ask
- Which returned more over the last year, IUS or RWL?
- In the year to Oct 28, 2026, with distributions reinvested, IUS returned +25.9% and RWL +20.7%.
- Which is cheaper, IUS or RWL?
- IUS 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.
Links are sources, not endorsements. 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.
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ETFIQ, IUS against RWL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ius-vs-rwl
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