RDIV vs. MGV

Last updated Jun 3, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and MGV (Vanguard Mega Cap Value ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index. Both are passively managed. Over the past 10 years, RDIV returned 11.09%/yr vs 12.81%/yr for MGV. A 0.80 correlation means they provide meaningful diversification when combined. RDIV charges 0.39%/yr vs 0.05%/yr for MGV.

Performance

RDIV vs. MGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Vanguard Mega Cap Value ETF (MGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RDIV having a 13.43% return and MGV slightly lower at 13.05%. Over the past 10 years, RDIV has underperformed MGV with an annualized return of 11.09%, while MGV has yielded a comparatively higher 12.81% annualized return.

RDIV

• 1D: 0.14%
• 1M: 2.82%
• YTD: 13.43%
• 6M: 12.91%
• 1Y: 29.73%
• 3Y*: 19.79%
• 5Y*: 10.41%
• 10Y*: 11.09%

MGV

• 1D: 0.89%
• 1M: 4.32%
• YTD: 13.05%
• 6M: 14.92%
• 1Y: 27.44%
• 3Y*: 18.83%
• 5Y*: 11.99%
• 10Y*: 12.81%

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

RDIV vs. MGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDIV Invesco S&P Ultra Dividend Revenue ETF	13.43%	12.36%	15.17%	4.66%	7.16%	29.12%	-9.31%	22.62%	-4.78%	11.63%
MGV Vanguard Mega Cap Value ETF	13.05%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%

Correlation

The correlation between RDIV and MGV is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013	0.80

The correlation between RDIV and MGV shifts across timeframes, from 0.69 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

RDIV vs. MGV - Sectors Allocation Comparison

Sectors	RDIV	MGV
Energy	28.8%	6.6%
Financial Services	18.0%	23.9%
Consumer Defensive	15.9%	11.9%
Consumer Cyclical	9.5%	3.7%
Real Estate	8.0%	1.2%
Healthcare	7.8%	16.6%
Utilities	6.4%	2.6%
Technology	5.1%	14.2%
Basic Materials	0.5%	2.4%
Communication Services	-	3.4%
Industrials	-	13.7%

Return for Risk

RDIV vs. MGV — Risk / Return Rank

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

RDIV

RDIV Risk / Return Rank: 77
RDIV Sharpe Ratio Rank: 68
RDIV Sortino Ratio Rank: 74
RDIV Omega Ratio Rank: 65
RDIV Calmar Ratio Rank: 92
RDIV Martin Ratio Rank: 85

MGV

MGV Risk / Return Rank: 84
MGV Sharpe Ratio Rank: 85
MGV Sortino Ratio Rank: 87
MGV Omega Ratio Rank: 83
MGV Calmar Ratio Rank: 82
MGV Martin Ratio Rank: 81

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.

RDIV vs. MGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Vanguard Mega Cap Value ETF (MGV). 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.

	RDIV	MGV	Difference
Sharpe ratio Return per unit of total volatility	2.27	2.80	-0.53
Sortino ratio Return per unit of downside risk	3.38	3.99	-0.61
Omega ratio Gain probability vs. loss probability	1.40	1.50	-0.11
Calmar ratio Return relative to maximum drawdown	6.12	4.30	+1.82
Martin ratio Return relative to average drawdown	18.06	16.33	+1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDIV vs. MGV - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.27, which is comparable to the MGV Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of RDIV and MGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDIV	MGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.80	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.89	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.79	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.48	+0.07

Drawdowns

RDIV vs. MGV - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for RDIV and MGV.

Drawdown Indicators

	RDIV	MGV	Difference
Max Drawdown Largest peak-to-trough decline	-49.97%	-55.87%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.84%	-6.42%	+1.58%
Max Drawdown (3Y) Largest decline over 3 years	-17.91%	-13.18%	-4.73%
Max Drawdown (5Y) Largest decline over 5 years	-24.89%	-16.54%	-8.35%
Max Drawdown (10Y) Largest decline over 10 years	-49.97%	-35.41%	-14.56%
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.86%	-7.70%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.68%	-0.04%

Volatility

RDIV vs. MGV - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 3.28% compared to Vanguard Mega Cap Value ETF (MGV) at 2.61%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDIV	MGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.61%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	7.50%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	9.83%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	13.56%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	16.34%	+5.55%

RDIV vs. MGV - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is higher than MGV's 0.05% expense ratio.

Dividends

RDIV vs. MGV - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.61%, more than MGV's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGV Vanguard Mega Cap Value ETF	1.89%	2.04%	2.31%	2.48%	2.45%	2.17%	2.47%	2.69%	2.65%	2.34%	2.53%	2.59%
RDIV Invesco S&P Ultra Dividend Revenue ETF	3.61%	3.94%	4.08%	3.93%	3.44%	3.31%	4.93%	3.84%	4.32%	4.26%	2.20%	4.49%

Frequently Asked Questions

Can I hold both RDIV and MGV in my portfolio?

RDIV and MGV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDIV or MGV?

RDIV has higher volatility (3.28%) compared to MGV (2.61%). In terms of maximum drawdown, RDIV dropped -49.97% vs MGV's -55.87%.

Which ETF is better, RDIV or MGV?

On 10-year performance, MGV leads with 12.81% vs 11.09% for RDIV. On fees, MGV is cheaper at 0.05% per year. On volatility, MGV has been the lower-risk option at 2.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDIV or MGV?

Over the 10-year period, MGV has performed better with a 12.81% return vs 11.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDIV or MGV?

MGV is cheaper with a 0.05% expense ratio, compared with 0.39% for RDIV.

Which ETF pays a higher dividend yield, RDIV or MGV?

RDIV has the higher dividend yield at 3.61%, compared with 1.89% for MGV.

What is the main difference between RDIV and MGV?

RDIV is categorized as Mid Cap Value Equities, while MGV is Large Cap Value Equities. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while MGV tracks CRSP US Mega Cap Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for RDIV and 0.05% for MGV.

Which has better risk-adjusted returns?

MGV currently has the higher Sharpe Ratio (2.80 vs 2.27), 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.