Invesco S&P 500 Revenue ETF (RWL) Performance
RWL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.6% since Dec 31, 2025
- 1 year
- +21.8% total return
- 5 years
- +13.5% a year
- 10 years
- +14.5% a year
- Since first price
- +11.4% a year since 2008
RWL trailing returns vs SPY, QQQ, AGG
| Period | RWL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.9% | +2.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.4% | +4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.9% | +10.2% | +7.8% | +8.4% | −1.5% |
| YTD | +18.6% | +17.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.8% | +20.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.0%+22.5%/yr | +76.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +88.5%+13.5%/yr | +74.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +287.5%+14.5%/yr | +227.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +655.1%+14.4%/yr | +482.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 22, 2008 | +645.9%+11.4%/yr | +445.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RWL vs SPY
From Feb 22, 2008: RWL grew to $74,589, SPY to $78,870.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RWL returns by calendar year
14 of 17 full years positive. Best 2013 (+37.9%), worst 2018 (−7.7%). 2026 is year to date.
RWL annual returns table
| Year | RWL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.6% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.6% | −14.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.4% | −6.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.4% | −9.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.0% | −17.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +30.3% | −5.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.1% | −36.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.8% | −6.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.7% | −19.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.3% | −3.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +12.1% | −9.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.4% | −12.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +13.4% | −7.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.9% | −5.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.9% | −10.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.3% | −21.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +16.8% | −16.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +29.9% | −30.9% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RWL largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 15, 2008 | −54.8% | Mar 9, 2009 | Feb 8, 2011 | 10 months | 2.7 years |
| Feb 12, 2020 | −36.0% | Mar 23, 2020 | Nov 9, 2020 | 40 days | 9 months |
| Apr 29, 2011 | −21.4% | Oct 3, 2011 | Feb 27, 2012 | 5 months | 10 months |
| Sep 21, 2018 | −19.5% | Dec 24, 2018 | Jul 3, 2019 | 3 months | 9 months |
| Apr 20, 2022 | −17.5% | Sep 30, 2022 | Jul 11, 2023 | 5 months | 1.2 years |
| May 21, 2015 | −15.3% | Feb 11, 2016 | Jul 11, 2016 | 9 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RWL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +19.8% | +13.8% | +13.9% | +11.1% |
| Volatility (annualized) | 11.5% | 14.8% | 15.6% | 16.5% |
| Sharpe ratio | 1.26 | 0.71 | 0.77 | 0.65 |
| Sortino ratio | 2.26 | 1.16 | 1.21 | 0.96 |
| Best month | +7.8% | +11.0% | +14.7% | +14.7% |
| Worst month | −5.6% | −8.8% | −14.4% | −23.5% |
| Best 12 months | +29.5% | +29.5% | +61.2% | +63.2% |
| Worst 12 months | +7.6% | −6.3% | −12.9% | −47.1% |
| Positive months | 75% | 65% | 68% | 66% |
| Beta vs S&P 500 | 0.78 | 0.86 | 0.95 | — |
| Correlation with S&P 500 | 0.84 | 0.91 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RWL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 213 | −47.1% | +14.5% | +63.2% | 85% |
| 3-year (a year) | 189 | +0.2% | +13.1% | +27.4% | 100% |
| 5-year (a year) | 165 | +3.2% | +13.7% | +25.1% | 100% |
| 10-year (a year) | 105 | +8.9% | +12.7% | +16.9% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
RWL performance overview
Invesco S&P 500 Revenue ETF (RWL) returned +21.8% over the past year and +14.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +11.4% a year, turning $10,000 into about $74,589. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −54.8%, from May 15, 2008 to Mar 9, 2009, and it took 1.9 years to get back to the old high. RWL finished 14 of its 17 full calendar years with a gain; the best year was 2013 (+37.9%) and the worst 2018 (−7.7%). Volatility has been 16.5% a year.
Related: RWL chart, RWL holdings, RWL dividends, RWL valuation. See the RWL overview for the latest quote and fund facts.
RWL performance FAQ
What is the RWL return over the past year?
RWL returned +21.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.2%.
What is the average annual return of RWL?
RWL has returned +13.5% a year over 5 years, +14.5% a year over 10 years, +11.4% a year since February 22, 2008 (total return, distributions reinvested).
How much would $10,000 invested in RWL be worth?
$10,000 invested in RWL at its first recorded close on February 22, 2008 would be worth about $74,589 on October 23, 2026 with distributions reinvested.
What was the worst year for RWL?
The worst calendar year was 2018, with a total return of −7.7%. The best was 2013 at +37.9%.
What is the biggest drawdown of RWL?
The largest peak-to-trough decline was −54.8% between May 15, 2008 and March 9, 2009. It recovered to the old high on February 8, 2011, 1.9 years after the bottom.
How volatile is RWL?
Over the past 3 years RWL had an annualized volatility of 11.5% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).