IWX vs RWL: Differences, Returns & Fees
IWX and RWL hold 47% of their weight in the same names, and IWX returned +28.9% over the year. Net assets on Oct 9, 2026: $3.3bn for iShares Russell Top 200 Value ETF and $10.0bn for Invesco S&P 500 Revenue ETF.
IWX costs 0.19 points a year less; their one-year returns differ by 7.8 points; RWL is 3.0 times larger.
| IWX | RWL | |
|---|---|---|
| Expense ratio | 0.20% | 0.39% |
| Net assets | $3.3bn | $10.0bn |
| Total return, 1 year | +28.9% | +21.1% |
| What it tracks | Russell Top 200 Value Index | S&P 500 Revenue-Weighted Index |
| Holdings in common | 47% | |
| Holdings dated | Oct 9, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 41.1% | 24.0% |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, IWX and RWL hold 47% 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 Oct 9, 2026.
half
47% in common
On the same fields
IWX and RWL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About IWX
IWX tracks an index. Over the year to Oct 9, 2026 it returned +28.9% with distributions reinvested. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 153 positions, with the top ten at 41.1%.
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, IWX or RWL?
- In the year to Oct 9, 2026, with distributions reinvested, IWX returned +28.9% and RWL +21.1%.
- Which is cheaper, IWX or RWL?
- IWX is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, IWX against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwx-vs-rwl
ETFIQ. (Oct 9, 2026). IWX against RWL. Retrieved from https://etfiq.com/compare/any/iwx-vs-rwl
[IWX against RWL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/iwx-vs-rwl)
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