At a glance
RDIV charges 0.39% a year, above the 0.35% average of the 6 funds most like it (the 5th cheapest of 7). It has $1.41B in assets, the 6th largest of that group; it paid 3.6% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +16.5% with distributions reinvested (S&P 500: +11.5%), 5th of those 7 funds; over three years it returned +24.5% a year. At its worst it fell 48.6% in the 2020 crash (S&P 500: 33.7%) and 15.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 1 month after the lows. Its ten largest positions make up 51.6% of the fund, out of 60 in all.
The short version
Invesco S&P Ultra Dividend Revenue ETF (RDIV) holds 60 dividend-paying US large- and mid-cap stocks drawn from the S&P 900 and tracks the S&P 900 Dividend Revenue-Weighted Index. Most funds size holdings by market value. RDIV sizes each stock by its sales instead, with a 5% cap per stock, so big-revenue companies such as Target, Comcast and AT&T carry the most weight. It yielded 3.6% over the 12 months to October 27, 2026, and charges 0.39% a year.
Price history
The interactive chart needs JavaScript.
RDIV +16.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| RDIV official prospectus, to Dec 31, 2024 | — | +15.38% | — | +8.68% | +9.19% | — |
| RDIV price data to Oct 27, 2026 | +17.4% | +16.5% | +24.5% | +12.8% | +11.0% | +11.2% |
- Over the year to Oct 27, 2026, RDIV returned +16.5%, 5th of 7 among similar funds.
- Its 5-year annualized return was +12.8% and its 10-year +11.0%.
- In the 2020 COVID crash it fell 48.6% and regained its old high 10.6 months after the low.
- Its worst full calendar year was 2020 (-9.2%); its best was 2021 (+29.1%).
- The deepest fall in its price history was 49.9% (Jan 16, 2020 to Mar 23, 2020), recovered by Feb 19, 2021.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.4% | — |
| 2025 | +12.3% | — |
| 2024 | +15.2% | +15.38% |
| 2023 | +4.7% | +4.53% |
| 2022 | +7.1% | +7.16% |
| 2021 | +29.1% | +29.09% |
| 2020 | -9.2% | -9.14% |
| 2019 | +22.6% | +22.44% |
| 2018 | -4.8% | -4.47% |
| 2017 | +11.7% | +11.52% |
| 2016 | +27.1% | +28.45% |
| 2015 | -4.9% | -5.18% |
| 2014 | +21.4% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 48.2% over that stretch · deepest drop along the way 48.6%, back to its old high 10.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 6.9% over that stretch · deepest drop along the way 15.6%, back to its old high 1.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.6100 | |
| 2025 | $2.0500 | +4.1% |
| 2024 | $1.9700 | +15.2% |
| 2023 | $1.7100 | +14.0% |
| 2022 | $1.5000 | +7.9% |
| 2021 | $1.3900 | -16.3% |
| 2020 | $1.6600 | +9.2% |
| 2019 | $1.5200 | +4.8% |
| 2018 | $1.4500 | -7.6% |
| 2017 | $1.5700 | +109.3% |
| 2016 | $0.7500 | -39.5% |
| 2015 | $1.2400 | +21.6% |
| 2014 | $1.0200 |
What's inside
As of Aug 31, 2026, the fund held 60 securities; the ten largest made up 51.6% of assets, and 2.62% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| Target Corp. | 5.74% | |
| Comcast Corp. | 5.57% | |
| AT&T Inc. | 5.53% | |
| Bristol-Myers Squibb Co. | 5.41% | |
| Chevron Corp. | 5.26% | |
| PepsiCo, Inc. | 5.09% | |
| Prudential Financial, Inc. | 4.87% | |
| Ford Motor Co. | 4.76% | |
| Truist Financial Corp. | 4.72% | |
| International Paper Co. | 4.65% | |
| Kinder Morgan, Inc. | 3.23% | |
| Dominion Energy, Inc. | 3.08% | |
| Kimberly-Clark Corp. | 3.07% | |
| Fidelity National Financial, Inc. | 2.59% | |
| Eversource Energy | 2.45% |
By country
United States 99.57%By asset type
Stocks 99.57%By sector
Sectors of the companies held, for the 68.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $242.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.17%, +7.94%, +0.15%.
How it works
The index starts with the S&P 900, which combines the S&P 500 and the S&P MidCap 400 to cover about 900 large and mid-sized US companies. It then removes companies that pay no dividend and companies whose sales over the past 12 months are zero, negative or unavailable. Next it drops the top 5% of stocks by average trailing dividend yield. It also drops the top 5% in each sector by payout ratio, which is the share of earnings paid out as dividends. Very high yields and payout ratios can be a sign that a dividend is under strain. From the stocks that remain, the 60 with the highest dividend yields make it into the index.
Each stock is then weighted by its revenue over the last four quarters, with a cap of 5% per company. Weight above the cap is spread across the other stocks. As a result, a small group of companies dominates: as of August 31, 2026, the 10 largest holdings made up 51.6% of the fund. Target (5.7%), Comcast (5.6%), AT&T (5.5%), Bristol-Myers Squibb (5.4%) and Chevron (5.3%) led the list.
The fund owns every stock in the index at its index weight. This is called full replication. It uses no options or other derivatives. It is legally "non-diversified," meaning it may put more money into fewer companies than a diversified fund can. Turnover was 98% in its latest reported year, so the holdings can change a lot from one year to the next.
What it really costs
- RDIV charges 0.39% a year, versus an average of 0.35% for the similar funds below (5th of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $40 in the first year and $493 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| RDIV | $40 | $125 | $219 | $493 |
In a retirement portfolio
RDIV owns 60 high-dividend US stocks, pays quarterly and yielded 3.6% over the 12 months to October 27, 2026. Its sector bets and sharp past drops make it better suited as an income sleeve than as a whole portfolio.
RDIV pays income every quarter: $2.14 a share over the 12 months to October 27, 2026, or a 3.6% yield. It launched in 2013, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 48.6% in about a month and needed about 10.6 months to recover. Its first quarter of 2020 lost 40.41%. That is a large fall for a fund held mainly for income. Someone forced to sell shares near that low would have locked in deep losses. In 2022 it did better: it fell 15.6% at the low point but recovered by November 2022 and gained 7.16% for the year. Its worst calendar year was 2020, at −9.14%.
The fund costs 0.39% a year, about $493 over 10 years on $10,000 in the SEC's standard example. The average for similar funds is 0.35%. Past results don't predict the future, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Income-focused investors who want quarterly dividends from 60 US large- and mid-cap stocks, with a 3.6% trailing yield as of October 27, 2026.
- Investors who prefer weighting by company sales over market value, which favors firms such as Target, Comcast, AT&T and Chevron.
- Investors who want a dividend fund that screens out the highest yields and payout ratios to avoid dividends that may be under strain.
Look elsewhere if
- Cost-focused investors: RDIV charges 0.39% a year, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) charges 0.07%.
- Investors who couldn't stomach a near-50% drop like RDIV's 2020 fall, which took almost 11 months to recover.
- Investors wanting broad diversification: the 10 largest holdings were 51.6% of assets as of August 31, 2026, and the fund has significant energy exposure.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| RDIV this fund | — | 0.39% | $1.41B | +16.5% | +24.5% |
| SPHD Invesco S&P 500® High Dividend Low Volatili… | 37% | 0.3% | $3.41B | +10.0% | +15.8% |
| SPYD SPDR Portfolio S&P 500 High Dividend ETF | 33% | 0.07% | $7.37B | +14.7% | +18.8% |
| FDL First Trust Morningstar Dividend Leaders In… | 30% | 0.45% | $7.29B | +26.1% | +23.9% |
| PEY Invesco High Yield Equity Dividend Achiever… | 24% | 0.53% | $1.13B | +19.4% | +15.7% |
| DVY iShares Select Dividend ETF | 23% | 0.38% | $23.47B | +21.5% | +19.2% |
| DHS WisdomTree US High Dividend Fund | 20% | 0.38% | $1.50B | +20.5% | +21.1% |
Questions investors ask
Does RDIV pay monthly dividends?
No. RDIV pays dividends quarterly, not monthly. Over the 12 months to October 27, 2026, it paid $2.14 a share, a trailing yield of 3.6%. The amount can change from one payment to the next. It depends on the dividends paid by its 60 holdings, which include Target, AT&T, Chevron and PepsiCo. Retirees who want a steady monthly check may need to plan around the quarterly schedule.
What's the difference between RDIV and SPHD?
Both are Invesco dividend ETFs, but they choose and weight stocks differently. Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) has the most holdings in common with RDIV, at 37% overlap. RDIV draws on mid-sized companies as well as large ones and weights by revenue. SPHD costs 0.30%, against 0.39% for RDIV. In price returns as of October 27, 2026, RDIV gained 16.5% over one year against 10% for SPHD. Over three years it returned 24.5% a year against 15.8%.
What does revenue-weighted mean in RDIV?
It means RDIV sizes each stock by its sales over the last four quarters, not by its stock-market value. A company with large sales gets a bigger weight even if its shares are cheap. Each stock is capped at 5%, and any extra weight is spread across the rest. This is why retailers, telecom companies and automakers like Target, AT&T and Ford rank among its largest holdings.
How much did RDIV drop in the 2020 crash?
RDIV fell 48.6% between February 20 and March 23, 2020, and lost 40.41% in the first quarter alone. It took about 10.6 months to regain its earlier high, which it reached in February 2021. The fund ended 2020 down 9.14%, its worst calendar year on record. In 2021 it gained 29.09%. The 2020 fall shows that a high-dividend fund can still drop much like the broader stock market.
Is RDIV good for retirement income?
RDIV may suit retirees who want quarterly income from US dividend stocks. It yielded 3.6% over the 12 months to October 27, 2026. The trade-offs are concentration and cost. Its top 10 stocks were 51.6% of assets as of August 31, 2026. It charges 0.39% a year, compared with a 0.35% average for similar funds. Its returns as of December 31, 2024, were 8.68% a year over five years and 9.19% over ten.