MGV vs. RPV
Compare and contrast key facts about Vanguard Mega Cap Value ETF (MGV) and Invesco S&P 500® Pure Value ETF (RPV).
MGV and RPV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. RPV is a passively managed fund by Invesco that tracks the performance of the S&P 500/Citigroup Pure Value Index. It was launched on Mar 1, 2006. Both MGV and RPV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGV or RPV.
Key characteristics
| MGV | RPV | |
|---|---|---|
| YTD Return | 6.28% | 4.35% |
| 1Y Return | 15.35% | 15.78% |
| 3Y Return (Ann) | 8.46% | 6.44% |
| 5Y Return (Ann) | 10.57% | 7.91% |
| 10Y Return (Ann) | 10.34% | 7.47% |
| Sharpe Ratio | 1.52 | 0.98 |
| Daily Std Dev | 10.10% | 15.94% |
| Max Drawdown | -56.31% | -75.32% |
| Current Drawdown | -3.31% | -3.77% |
Correlation
The correlation between MGV and RPV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MGV vs. RPV - Performance Comparison
In the year-to-date period, MGV achieves a 6.28% return, which is significantly higher than RPV's 4.35% return. Over the past 10 years, MGV has outperformed RPV with an annualized return of 10.34%, while RPV has yielded a comparatively lower 7.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGV vs. RPV - Expense Ratio Comparison
MGV has a 0.07% expense ratio, which is lower than RPV's 0.35% expense ratio.
Risk-Adjusted Performance
MGV vs. RPV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and Invesco S&P 500® Pure Value ETF (RPV). 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.
Dividends
MGV vs. RPV - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 2.43%, more than RPV's 2.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 2.43% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
RPV Invesco S&P 500® Pure Value ETF | 2.33% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% | 1.13% |
Drawdowns
MGV vs. RPV - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.31%, smaller than the maximum RPV drawdown of -75.32%. Use the drawdown chart below to compare losses from any high point for MGV and RPV. For additional features, visit the drawdowns tool.
Volatility
MGV vs. RPV - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 3.12%, while Invesco S&P 500® Pure Value ETF (RPV) has a volatility of 4.71%. This indicates that MGV experiences smaller price fluctuations and is considered to be less risky than RPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.