RWL vs VOO
RWL vs VOO
Invesco S&P 500 Revenue ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RWL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RWL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $9.6B | $979.0B | |
| Dividend Yield | 1.26% | 1.09% | |
| Holdings | 505 | 509 | |
| YTD Return | +16.66% | +13.11% | |
| 1Y Return | +30.54% | +22.88% | |
| 3Y Return (annualized) | +19.14% | +21.08% | |
| 5Y Return (annualized) | +14.02% | +13.26% | |
| Volatility (annualized) | 16.5% | 14.1% | |
| Max Drawdown | -55.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 19, 2008 | Sep 7, 2010 |
RWL vs VOO Performance
Invesco S&P 500 Revenue ETF (RWL) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RWL returned +30.54% while VOO returned +22.88%. Year to date, RWL is up 16.66% versus a gain of 13.11% for VOO.
Over three years, RWL compounded at +19.14% per year against +21.08% for VOO; over five years the annualized figures are +14.02% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.54% annualized vs +10.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWL has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -55.3% for RWL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RWL charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, RWL currently yields 1.26% against 1.09% for VOO.
Holdings Overlap
RWL and VOO share 482 holdings out of 513 unique holdings combined, representing a 53.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in RWL | Weight in VOO | Difference |
|---|---|---|---|
| AAPL | 2.23% | 6.59% | 4.36% |
| NVDA | 1.26% | 7.51% | 6.25% |
| AMZN | 3.83% | 3.62% | 0.21% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings RWL shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, RWL or VOO?
RWL has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, RWL or VOO?
Over the past year RWL returned +30.54% vs +22.88% for VOO, so RWL leads on 1-year performance. Over the longest common window we track (16 years), RWL annualized +10.07% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, RWL or VOO?
RWL has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: RWL -55.3% vs VOO -34.3%.
Should I hold both RWL and VOO?
RWL and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between RWL and VOO?
RWL and VOO share 482 common holdings with a 53.6% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, RWL or VOO?
RWL yields 1.26% while VOO yields 1.09%, so RWL currently pays the higher dividend yield.
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