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RAFEvsRWLETF Comparison

ETF 1

RAFE

PIMCO RAFI ESG U.S. ETF

This fund is part of

US Large Cap

-0.46%

Full RAFE fund page

VS

ETF 2

RWL

Invesco S&P 500 Revenue ETF

This fund is part of

US Large Cap

-0.46%

Full RWL fund page

PIMCO RAFI ESG U.S. ETF (RAFE) and Invesco S&P 500 Revenue ETF (RWL) belong to the same industry segment: US Large Cap. RAFE's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, RWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. RAFE is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.39% for RWL. RAFE is up 19.7% year-to-date (YTD) with +$25M in YTD flows. RWL performs worse with 17.13% YTD performance, and +$1.40B in YTD flows. Run a side-by-side ETF comparison of RAFE 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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RAFE vs RWL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	RAFE RWL	+0.15%-0.83%	+4.17%+3.19%	+19.70%+17.13%	+26.52%+23.23%	+75.08%+72.44%	+75.39%+92.01%
Flows	RAFE RWL	-+$77M	+$7M+$416M	+$25M+$1.40B	+$39M+$1.75B	+$84M+$5.12B	+$103M+$6.06B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	RAFE RWL	+9.73%+8.87%	+11.42%+9.98%	+13.31%+12.39%	+15.18%+14.53%
Max drawdown	RAFE RWL	-2.52%-2.32%	-7.42%-6.70%	-16.57%-14.07%	-24.22%-17.55%
Max drawdown duration	RAFE RWL	12d12d	64d46d	131d127d	717d468d

Trading data

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	RAFE	RWL
Last sale 9/16/2026 at 1:30 PM	$49.43	$131.94
Previous close 09/15/2026	$49.78	$133.23
Consolidated volume 09/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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	RAFE	RWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/16/2026 at 1:30 PM

Live

Closed

	RAFE	RWL
Last price	$49.43	$131.94
1D performance	-0.70%	-0.97%
AuM	$169.34 M	$9.98 B
E/R	0.3%	0.39%

Characteristics

	RAFE	RWL
Management strategy	Passive	Passive
Provider	PIMCO	Invesco
Benchmark	RAFI ESG US Index	S&P 500 Revenue-Weighted Index
N° of holdings	290	500
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 18, 2019	February 22, 2008
ESG	Yes	No

More RAFE data on Trackinsight

More RWL data on Trackinsight

Exposure

Countries

RAFE

USA

96.49%

Other

3.51%

RWL

USA

97.25%

Other

2.75%

Sectors

RAFE

Technology

28.18%

Healthcare

23.66%

Finance

16.28%

Consumer Non-Cycl.

9.37%

Other

22.5%

RWL

Healthcare

17.61%

Finance

16.89%

Consumer Non-Cycl.

16.77%

Technology

15.49%

Industrials

8.65%

Other

24.59%

Diversification

RAFE

Total weight of top 15 holdings out of 15

35.54%

RWL

Total weight of top 15 holdings out of 15

30.5%

Top 15 holdings

Data as of July 31, 2026

RAFE

Apple, Inc.

5.69%

Microsoft Corp.

3.80%

UnitedHealth Group, Inc.

3.44%

Johnson & Johnson

3.38%

JPMorgan Chase & Co.

2.69%

Merck & Co., Inc.

2.23%

Verizon Communications, Inc.

2.04%

Procter & Gamble Co.

1.93%

Citigroup, Inc.

1.83%

AT&T, Inc.

1.76%

AbbVie, Inc.

1.64%

Bristol Myers Squibb Co.

1.33%

Cisco Systems, Inc.

1.29%

General Motors Co.

1.24%

Advanced Micro Devices, Inc.

1.23%

RWL

Amazon.com, Inc.

3.54%

Walmart, Inc.

3.44%

Apple, Inc.

2.62%

UnitedHealth Group, Inc.

2.32%

McKesson Corp.

2.27%

CVS Health Corp.

2.21%

Berkshire Hathaway, Inc.

1.98%

Cencora, Inc.

1.86%

ExxonMobil Holdings Corp.

1.72%

JPMorgan Chase & Co.

1.59%

Microsoft Corp.

1.57%

Costco Wholesale Corp.

1.46%

The Cigna Group

1.40%

Cardinal Health, Inc.

1.33%

NVIDIA Corp.

1.20%

Frequently asked questions about RAFE and RWL

How have the RAFE and RWL ETFs performed in 2026?

As of September 15, 2026, RAFE is up 19.7% year-to-date (YTD), while RWL has returned 17.13%. That puts RAFE better performer ahead so far this year.

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

Year-to-date, the RAFE ETF saw +$25M in flows, compared to +$1.40B for RWL.

Which ETF is more volatile: RAFE or RWL?

Over the past year, RAFE had a volatility of 11.42%, while RWL experienced 9.98%.

Which ETF is bigger: RAFE or RWL?

As of September 15, 2026, RAFE holds $169.34 M in assets under management (AUM), while RWL manages $9.98 B.

What sectors do the RAFE and RWL ETFs invest in?

RAFE leans toward sectors like Technology, Healthcare and Finance. Meanwhile, RWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

RAFE top holdings include Apple, Inc., Microsoft Corp. and UnitedHealth Group, Inc.. RWL holds in its top three: Amazon.com, Inc., Walmart, Inc. and Apple, Inc..

RAFEvsRWLETF Comparison

PIMCO RAFI ESG U.S. ETF

Invesco S&P 500 Revenue ETF

RAFE vs RWL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the RAFE and RWL ETFs performed in 2026?

As of September 15, 2026, RAFE is up 19.7% year-to-date (YTD), while RWL has returned 17.13%. That puts RAFE better performer ahead so far this year.

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

Year-to-date, the RAFE ETF saw +$25M in flows, compared to +$1.40B for RWL.

Which ETF is more volatile: RAFE or RWL?

Over the past year, RAFE had a volatility of 11.42%, while RWL experienced 9.98%.

Which ETF is bigger: RAFE or RWL?

As of September 15, 2026, RAFE holds $169.34 M in assets under management (AUM), while RWL manages $9.98 B.

What sectors do the RAFE and RWL ETFs invest in?

RAFE leans toward sectors like Technology, Healthcare and Finance. Meanwhile, RWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

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

RAFE top holdings include Apple, Inc., Microsoft Corp. and UnitedHealth Group, Inc.. RWL holds in its top three: Amazon.com, Inc., Walmart, Inc. and Apple, Inc..

Which ETF is more diversified: RAFE or RWL?

RAFE holds 291 securities with 35.54% of its assets in the top 15. RWL has 503 securities and a top 15 weight of 30.5%.

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