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DIVNvsRWLETF Comparison

ETF 1
DIVN

Horizon Dividend Income ETF

This fund is part of
Options Strategies
+0.26%
VS
ETF 2
RWL

Invesco S&P 500 Revenue ETF

This fund is part of
US Large Cap
+0.9%

Horizon Dividend Income ETF (DIVN) belongs to the Options Strategies segment. Invesco S&P 500 Revenue ETF (RWL) is part of the US Large Cap segment. DIVN's top 3 sector exposures are Health Care, Information Technology and Consumer Staples. In contrast, RWL's top sector exposures are Health Care, Financials and Information Technology. DIVN is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.39% for RWL. DIVN is up 7.72% year-to-date (YTD) with +$9M in YTD flows. RWL performs worse with 6.73% YTD performance, and +$850M in YTD flows. Run a side-by-side ETF comparison of DIVN and RWL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DIVN vs RWL performance and flow charts

Performance

-2.00.02.04.06.0%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

0 M20 M40 M60 M80 M100 MMar 24Mar 31Apr 8Apr 15Apr 22

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Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
DIVN
RWL
+1.08%+5.98%
+2.94%+3.16%
+7.72%+6.73%
n/a+28.01%
n/a+65.82%
n/a+82.70%
Flows
DIVN
RWL
+$5M+$42M
+$8M+$679M
+$9M+$850M
-+$1.94B
-+$4.80B
-+$5.51B
Volatility and drawdown
3M1Y3Y5Y
Volatility
DIVN
RWL
+10.57%+11.36%
n/a+10.47%
n/a+12.54%
n/a+14.63%
Max drawdown
DIVN
RWL
-5.68%-6.70%
n/a-6.70%
n/a-14.07%
n/a-17.55%
Max drawdown duration
DIVN
RWL
54d46d
n/a46d
n/a127d
n/a468d
Trading data

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DIVN
RWL
Last sale
4/24/2026 at 1:30 PM
$28.51
$121.77
Previous close
04/24/2026
$28.70
$122.03
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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DIVN
is actively managed and doesn’t replicate an index

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DIVN
RWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
DIVN
RWL
Last price
$28.51
$121.77
1D performance
-0.67%
-0.21%
AuM$146.52 M$8.62 B
E/R0.7%0.39%
Characteristics
DIVN
RWL
Management strategyActivePassive
ProviderHorizon InvestmentsInvesco
Benchmark-S&P 500 Revenue-Weighted Index
N° of holdings124478
Asset class-Equities
Trailing 12m distribution yield
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Inception dateJune 25, 2025February 22, 2008
ESGNoNo
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Exposure

Countries

DIVN
USA
93.44%
Other
6.56%
RWL
USA
96.14%
Other
3.86%

Sectors

DIVN
Health Care
20.25%
Information Techn.
17.3%
Consumer Staples
13.7%
Financials
13.14%
Energy
9.18%
Communication Ser.
8.69%
Other
17.74%
RWL
Health Care
18.66%
Financials
14.63%
Information Techn.
12.41%
Consumer Discreti.
12.16%
Consumer Staples
10.41%
Industrials
8.75%
Other
22.97%
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Diversification

DIVN

Total weight of top 15 holdings out of 15

44.62%
RWL

Total weight of top 15 holdings out of 15

30.32%

Top 15 holdings

Data as of March 31, 2026
DIVN
MERCK & CO INC
3.89%
ABBVIE
3.79%
PROCTERGAMBLE
3.79%
PHILLIP MORRIS
3.74%
JOHNSON&JOHNSON
3.20%
T-MOBILE US INC
3.11%
ACCENTURE PLC-A
3.11%
QUALCOMM
2.98%
CHEVRON TEXACO
2.98%
MCDONALD'S
2.89%
PROGRESSIVE
2.50%
BRISTOL-MYERS SQUIBB
2.26%
ALTRIA GROUP
2.25%
COMCAST
2.14%
GILEAD SCIENCES
1.99%
RWL
WALMART INC
3.92%
AMAZON.COM INC
3.71%
APPLE
2.29%
UNITEDHEALTH GRP
2.24%
CVS HEALTH CORP
2.05%
MCKESSON
2.02%
EXXON
2.01%
BERKSHIRE HATHWAY
1.95%
AMERISOURCEBERGEN
1.60%
COSTCO WHOLESALE
1.57%
CIGNA
1.52%
JPMORGAN CHASE
1.52%
MICROSOFT-T
1.49%
CARDINAL HEALTH
1.30%
CHEVRON TEXACO
1.12%
Frequently asked questions about DIVN and RWL

How have the DIVN and RWL ETFs performed in 2026?

As of April 24, 2026, DIVN is up 7.72% year-to-date (YTD), while RWL has returned 6.73%. That puts DIVN better performer ahead so far this year.

Which ETF is attracting more investor money: DIVN or RWL?

Year-to-date, the DIVN ETF saw +$9M in flows, compared to +$850M for RWL.

Which ETF is bigger: DIVN or RWL?

As of April 24, 2026, DIVN holds $146.52 M in assets under management (AUM), while RWL manages $8.62 B.

What sectors do the DIVN and RWL ETFs invest in?

DIVN leans toward sectors like Health Care, Information Technology and Consumer Staples. Meanwhile, RWL focuses on Health Care, Financials and Information Technology.

What are the top holdings of the DIVN ETF and RWL ETF?

DIVN top holdings include MERCK & CO INC, ABBVIE and PROCTERGAMBLE. RWL holds in its top three: WALMART INC, AMAZON.COM INC and APPLE.

Which ETF is more diversified: DIVN or RWL?

DIVN holds 126 securities with 44.62% of its assets in the top 15. RWL has 503 securities and a top 15 weight of 30.32%.

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