IWFG vs. RPG

Last updated Jun 24, 2026

IWFG (NYLI Winslow Focused Large Cap Growth ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both Large Cap Growth Equities funds. IWFG is actively managed, while RPG is passively managed. Over the past 3 years, IWFG returned 21.47%/yr vs 27.72%/yr for RPG. Their correlation of 0.81 suggests significant overlap in exposure. IWFG charges 0.46%/yr vs 0.35%/yr for RPG.

Performance

IWFG vs. RPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Focused Large Cap Growth ETF (IWFG) and Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWFG achieves a -0.58% return, which is significantly lower than RPG's 30.31% return.

IWFG

• 1D: -2.56%
• 1M: -1.32%
• YTD: -0.58%
• 6M: -1.53%
• 1Y: 7.26%
• 3Y*: 21.47%
• 5Y*: —
• 10Y*: —

RPG

• 1D: -4.60%
• 1M: 5.48%
• YTD: 30.31%
• 6M: 27.62%
• 1Y: 38.51%
• 3Y*: 27.72%
• 5Y*: 11.59%
• 10Y*: 15.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFG vs. RPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IWFG NYLI Winslow Focused Large Cap Growth ETF	-0.58%	14.33%	37.56%	38.40%	4.47%
RPG Invesco S&P 500 Pure Growth ETF	30.31%	13.41%	28.23%	8.04%	4.12%

Correlation

The correlation between IWFG and RPG is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.81

The correlation between IWFG and RPG has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

IWFG vs. RPG - Sectors Allocation Comparison

Sectors	IWFG	RPG
Technology	49.1%	46.9%
Communication Services	15.2%	5.4%
Industrials	11.5%	14.0%
Consumer Cyclical	10.4%	14.7%
Utilities	4.3%	2.4%
Healthcare	4.0%	6.4%
Financial Services	2.9%	5.3%
Basic Materials	1.4%	1.2%
Consumer Defensive	-	1.1%
Energy	-	1.6%
Real Estate	-	1.0%

Return for Risk

IWFG vs. RPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWFG

IWFG Risk / Return Rank: 14
IWFG Sharpe Ratio Rank: 15
IWFG Sortino Ratio Rank: 14
IWFG Omega Ratio Rank: 14
IWFG Calmar Ratio Rank: 13
IWFG Martin Ratio Rank: 14

RPG

RPG Risk / Return Rank: 61
RPG Sharpe Ratio Rank: 55
RPG Sortino Ratio Rank: 52
RPG Omega Ratio Rank: 53
RPG Calmar Ratio Rank: 72
RPG Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWFG vs. RPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Focused Large Cap Growth ETF (IWFG) and Invesco S&P 500 Pure Growth ETF (RPG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IWFG	RPG	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.75	-1.34
Sortino ratio: Return per unit of downside risk	0.68	2.37	-1.69
Omega ratio: Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio: Return relative to maximum drawdown	0.36	3.49	-3.13
Martin ratio: Return relative to average drawdown	1.04	13.16	-12.12

IWFG vs. RPG - Sharpe Ratio Comparison

The current IWFG Sharpe Ratio is 0.42, which is lower than the RPG Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of IWFG and RPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWFG vs. RPG - Drawdown Comparison

The maximum IWFG drawdown since its inception was -21.97%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for IWFG and RPG.

Drawdown Indicators

	IWFG	RPG	Difference
Max Drawdown Largest peak-to-trough decline	-21.97%	-53.27%	+31.30%
Max Drawdown (1Y) Largest decline over 1 year	-20.20%	-11.08%	-9.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.97%	-24.75%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.58%	—
Current Drawdown Current decline from peak	-5.32%	-4.60%	-0.72%
Average Drawdown Average peak-to-trough decline	-4.13%	-8.83%	+4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.97%	2.93%	+4.04%

Volatility

IWFG vs. RPG - Volatility Comparison

The current volatility for NYLI Winslow Focused Large Cap Growth ETF (IWFG) is 6.88%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 11.10%. This indicates that IWFG experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWFG	RPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	11.10%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	19.02%	-5.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	22.09%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	23.86%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	22.90%	-2.31%

IWFG vs. RPG - Expense Ratio Comparison

IWFG has a 0.46% expense ratio, which is higher than RPG's 0.35% expense ratio.

Dividends

IWFG vs. RPG - Dividend Comparison

IWFG has not paid dividends to shareholders, while RPG's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWFG NYLI Winslow Focused Large Cap Growth ETF	0.00%	0.00%	5.44%	1.01%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RPG Invesco S&P 500 Pure Growth ETF	0.15%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%

Frequently Asked Questions

Can I hold both IWFG and RPG in my portfolio?

IWFG and RPG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWFG or RPG?

RPG has higher volatility (11.10%) compared to IWFG (6.88%). In terms of maximum drawdown, IWFG dropped -21.97% vs RPG's -53.27%.

Which ETF is better, IWFG or RPG?

On 3-year performance, RPG leads with 27.72% vs 21.47% for IWFG. On fees, RPG is cheaper at 0.35% per year. On volatility, IWFG has been the lower-risk option at 6.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWFG or RPG?

Over the 3-year period, RPG has performed better with a 27.72% return vs 21.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWFG or RPG?

RPG is cheaper with a 0.35% expense ratio, compared with 0.46% for IWFG.

Which ETF pays a higher dividend yield, IWFG or RPG?

RPG has the higher dividend yield at 0.15%, compared with 0.00% for IWFG.

What is the main difference between IWFG and RPG?

They also come from different issuers: New York Life and Invesco. Their fees differ too: 0.46% for IWFG and 0.35% for RPG.

Which has better risk-adjusted returns?

RPG currently has the higher Sharpe Ratio (1.75 vs 0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.