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RWL vs SPYD: Differences, Returns & Fees

RWL and SPYD hold 11% of their weight in the same names, and RWL returned +21.1% over the year. Net assets: $10.0bn on Oct 9, 2026 for Invesco S&P 500 Revenue ETF, and $7.1bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 High Dividend ETF.

SPYD costs 0.32 points a year less; their one-year returns differ by 10.7 points; RWL is 1.4 times larger.

RWL vs SPYD: Differences, Returns & Fees
RWLSPYD
Expense ratio0.39%0.07%
Net assets, as of Oct 8, 2026$10.0bn$7.1bn
Total return, 1 year+21.1%+10.4%
What it tracksS&P 500 Revenue-Weighted IndexS&P 500 High Dividend Index ?
Holdings in common11%
Holdings datedOct 10, 2026Oct 8, 2026
Top ten holdings, share of the fund24.0%15.5%
Below its high8.7%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+21.1%
RWL total return, 1 year
+10.4%
SPYD total return, 1 year
0.39%
RWL expense ratio
0.07%
SPYD expense ratio

What they hold in common

By the books each fund has filed, RWL and SPYD hold 11% 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 8, 2026 and Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding RWL SPYD
Chevron Corp 1.05% 1.50%
Ford Motor Co 0.85% 1.16%
Verizon Communications Inc 0.59% 1.41%
AT&T Inc 0.57% 1.46%
Comcast Corp 0.54% 1.23%
Target Corp 0.53% 1.53%
PepsiCo Inc 0.45% 1.29%
Accenture PLC 0.44% 2.03%
United Parcel Service Inc 0.43% 1.11%
Pfizer Inc 0.33% 1.53%
Prudential Financial Inc 0.31% 1.30%
HP Inc 0.28% 1.77%
Only in RWL
Amazon.com Inc 4.05%
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%
Only in SPYD
S+P500 EMINI FUT DEC26 0.01%

Check overlap with more funds →

On the same fields

RWL
Invesco S&P 500 Revenue ETF
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco State Street
What it is Tracks an index Tracks the S&P 500 High Dividend
Total return, 1 year +21.1% +10.4%
Expense ratio 0.39% 0.07%
Already in the S&P 500 99.4% 99.3%
Holdings 505 79
Net assets, RWL as of Oct 9, 2026 and SPYD as of Oct 8, 2026 $10.0bn $7.1bn

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

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%.

About SPYD

SPYD tracks the S&P 500 High Dividend. Over the year to Oct 9, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 8, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 15.5%. It sat 8.7% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, RWL or SPYD?
In the year to Oct 9, 2026, with distributions reinvested, RWL returned +21.1% and SPYD +10.4%.
Which is cheaper, RWL or SPYD?
SPYD is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do RWL and SPYD overlap with the S&P 500?
By their latest filed holdings, 99% of RWL and 99% of SPYD by weight is stocks the S&P 500 already holds.
Other comparisons
RWL vs SPLVFTCS vs RWLFDL vs RWLDLN vs RWLDLN vs SPYDAVLV vs SPYDEAGL vs SPYDFNDX vs SPYD
RWL on its own →SPYD on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
RWL filings on SEC EDGAR ↗RWL prospectus with the expense ratio (SEC) ↗Invesco page for RWL ↗SPYD filings on SEC EDGAR ↗SPYD prospectus with the expense ratio (SEC) ↗State Street website ↗

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

Open data

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