RFV vs. RPV
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Value ETF (RFV) and Invesco S&P 500® Pure Value ETF (RPV).
RFV and RPV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFV is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Value. It was launched on Mar 1, 2006. 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 RFV 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: RFV or RPV.
Key characteristics
| RFV | RPV | |
|---|---|---|
| YTD Return | -3.61% | 3.20% |
| 1Y Return | 23.94% | 16.79% |
| 3Y Return (Ann) | 7.43% | 5.03% |
| 5Y Return (Ann) | 12.10% | 7.59% |
| 10Y Return (Ann) | 9.93% | 7.29% |
| Sharpe Ratio | 1.17 | 1.04 |
| Daily Std Dev | 20.09% | 15.65% |
| Max Drawdown | -71.82% | -75.32% |
| Current Drawdown | -6.22% | -4.83% |
Correlation
The correlation between RFV 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
RFV vs. RPV - Performance Comparison
In the year-to-date period, RFV achieves a -3.61% return, which is significantly lower than RPV's 3.20% return. Over the past 10 years, RFV has outperformed RPV with an annualized return of 9.93%, while RPV has yielded a comparatively lower 7.29% 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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RFV vs. RPV - Expense Ratio Comparison
Both RFV and RPV have an expense ratio of 0.35%.
Risk-Adjusted Performance
RFV vs. RPV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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
RFV vs. RPV - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 1.29%, less than RPV's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.29% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% | 1.19% | 0.80% |
RPV Invesco S&P 500® Pure Value ETF | 2.36% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% | 1.13% |
Drawdowns
RFV vs. RPV - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, roughly equal to the maximum RPV drawdown of -75.32%. Use the drawdown chart below to compare losses from any high point for RFV and RPV. For additional features, visit the drawdowns tool.
Volatility
RFV vs. RPV - Volatility Comparison
Invesco S&P MidCap 400® Pure Value ETF (RFV) has a higher volatility of 5.08% compared to Invesco S&P 500® Pure Value ETF (RPV) at 4.58%. This indicates that RFV's price experiences larger fluctuations and is considered to be riskier than RPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.