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OAKM vs RWL: Differences, Returns & Fees

OAKM and RWL hold 12% of their weight in the same names, and RWL returned +21.1% over the year. Net assets: $1.0bn on Jun 30, 2026 for Oakmark U.S. Large Cap 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 6.3 points.

OAKMRWL
Expense ratio0.59%0.39%
Net assets, OAKM as of Jun 30, 2026 and RWL as of Oct 9, 2026$1.0bn$10.0bn
Total return, 1 year+14.8%+21.1%
What it tracksNo index, actively managedS&P 500 Revenue-Weighted Index
Holdings in common12%
Holdings datedJun 30, 2026Oct 10, 2026
Top ten holdings, share of the fund37.0%24.0%
Below its high6.4%, high on Sep 3, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+14.8%
OAKM total return, 1 year
+21.1%
RWL total return, 1 year
0.59%
OAKM expense ratio
0.39%
RWL expense ratio

What they hold in common

By the books each fund has filed, OAKM and RWL hold 12% 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 Jun 30, 2026 and Oct 9, 2026.

half

12% in common

Positions both hold, largest shared weight first
Holding OAKM RWL
Amazon.com Inc 1.62% 4.05%
Alphabet Inc 1.44% 1.19%
Elevance Health Inc 3.38% 1.05%
General Motors Co 2.25% 0.92%
Bank of America Corp 3.42% 0.85%
Citigroup Inc 4.09% 0.83%
Phillips 66 1.53% 0.82%
Alphabet Inc 0.74% 1.19%
Wells Fargo & Co 2.13% 0.60%
Accenture PLC 1.36% 0.44%
Delta Air Lines Inc 3.89% 0.36%
Capital One Financial Corp 3.56% 0.36%
Only in OAKM
Corteva Inc 3.52%
First Citizens BancShares Inc/NC 2.36%
AerCap Holdings NV 2.24%
Amrize Ltd 1.78%
Corebridge Financial Inc 1.02%
Only in RWL
Walmart Inc 3.89%
Apple Inc 2.50%
UnitedHealth Group Inc 2.18%
McKesson Corp 2.17%
Berkshire Hathaway Inc 1.97%
CVS Health Corp 1.88%
ExxonMobil Holdings Corp 1.88%
Microsoft Corp 1.81%

Check overlap with more funds →

On the same fields

OAKM
Oakmark U.S. Large Cap ETF
RWL
Invesco S&P 500 Revenue ETF
Where it sits Stock ETF Stock ETF
Issuer Oakmark Invesco
What it is Actively managed Tracks an index
Total return, 1 year +14.8% +21.1%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −2.5 pts +3.8 pts
Expense ratio 0.59% 0.39%
Already in the S&P 500 91.9% 99.4%
Holdings 39 505
Net assets, OAKM as of Jun 30, 2026 and RWL as of Oct 9, 2026 $1.0bn $10.0bn

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

OAKM in plain words

OAKM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.59% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 39 positions, with the top ten at 37.0%. It sat 6.4% below its high of Sep 3, 2026 on Oct 9, 2026.

RWL in plain words

RWL tracks an index. Over the year to Oct 9, 2026 it returned +21.1% with distributions reinvested, against +17.3% for the S&P 500. 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, OAKM or RWL?
In the year to Oct 9, 2026, with distributions reinvested, OAKM returned +14.8% and RWL +21.1%.
Which is cheaper, OAKM 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 OAKM and RWL overlap with the S&P 500?
By their latest filed holdings, 92% of OAKM and 99% of RWL by weight is stocks the S&P 500 already holds.
Other comparisons
OAKM vs SPYDOAKM vs SPLVOAKM vs VONVAVLV vs OAKMEAGL vs RWLDLN vs RWLDFLV vs RWLAVLV vs RWL
OAKM on its own →RWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
OAKM filings on SEC EDGAR ↗OAKM prospectus with the expense ratio (SEC) ↗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, OAKM against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/oakm-vs-rwl

Open data

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