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RFV vs. VIOV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RFV vs. VIOV

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P MidCap 400® Pure Value ETF (RFV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

RFV and VIOV 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. VIOV is a passively managed fund by Vanguard that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 7, 2010. Both RFV and VIOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RFV vs. VIOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Pure Value ETF (RFV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). The values are adjusted to include any dividend payments, if applicable.

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RFV vs. VIOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RFV
Invesco S&P MidCap 400® Pure Value ETF		2.24%7.66%5.63%30.26%-3.99%33.02%9.61%24.98%-18.56%14.74%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		4.51%6.63%7.44%15.36%-11.37%30.67%2.81%24.44%-12.85%11.54%

Returns By Period

In the year-to-date period, RFV achieves a 2.24% return, which is significantly lower than VIOV's 4.51% return. Over the past 10 years, RFV has outperformed VIOV with an annualized return of 11.65%, while VIOV has yielded a comparatively lower 9.51% annualized return.

RFV

1D
1.99%
1M
-3.38%
YTD
2.24%
6M
2.35%
1Y
16.32%
3Y*
13.21%
5Y*
9.38%
10Y*
11.65%

VIOV

1D
2.29%
1M
-3.16%
YTD
4.51%
6M
7.88%
1Y
23.53%
3Y*
10.24%
5Y*
4.95%
10Y*
9.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P MidCap 400® Pure Value ETF

Vanguard S&P Small-Cap 600 Value ETF

Often compared with RFV:
RFV vs. RPVRFV vs. RFGRFV vs. XMMORFV vs. XMHQRFV vs. RWKRFV vs. RWJRFV vs. XMVM
Often compared with VIOV:
VIOV vs. AVUVVIOV vs. VBRVIOV vs. VIOOVIOV vs. VIOGVIOV vs. IJSVIOV vs. VSIAXVIOV vs. SLYV

RFV vs. VIOV - Expense Ratio Comparison

RFV has a 0.35% expense ratio, which is higher than VIOV's 0.10% expense ratio.

RFV
Invesco S&P MidCap 400® Pure Value ETF
VIOV
Vanguard S&P Small-Cap 600 Value ETF

Return for Risk

RFV vs. VIOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RFV
RFV Risk / Return Rank: 4141
Overall Rank
RFV Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RFV Sortino Ratio Rank: 4242
Sortino Ratio Rank
RFV Omega Ratio Rank: 4040
Omega Ratio Rank
RFV Calmar Ratio Rank: 4444
Calmar Ratio Rank
RFV Martin Ratio Rank: 3939
Martin Ratio Rank
VIOV
VIOV Risk / Return Rank: 6262
Overall Rank
VIOV Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VIOV Sortino Ratio Rank: 6363
Sortino Ratio Rank
VIOV Omega Ratio Rank: 5757
Omega Ratio Rank
VIOV Calmar Ratio Rank: 6565
Calmar Ratio Rank
VIOV Martin Ratio Rank: 6363
Martin Ratio Rank
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.

RFV vs. VIOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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.

RFVVIOVDifference

Sharpe ratio

Return per unit of total volatility

0.67

1.00

-0.33

Sortino ratio

Return per unit of downside risk

1.14

1.52

-0.39

Omega ratio

Gain probability vs. loss probability

1.15

1.20

-0.05

Calmar ratio

Return relative to maximum drawdown

1.06

1.55

-0.49

Martin ratio

Return relative to average drawdown

3.47

5.79

-2.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RFV vs. VIOV - Sharpe Ratio Comparison

The current RFV Sharpe Ratio is 0.67, which is lower than the VIOV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of RFV and VIOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RFVVIOVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

1.00

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.23

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.40

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.50

-0.14

Correlation

The correlation between RFV and VIOV is 0.89, 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.

Dividends

RFV vs. VIOV - Dividend Comparison

RFV's dividend yield for the trailing twelve months is around 2.04%, more than VIOV's 1.76% yield.

TTM20252024202320222021202020192018201720162015
RFV
Invesco S&P MidCap 400® Pure Value ETF		2.04%2.07%1.31%1.27%2.05%1.60%1.52%1.71%1.39%1.36%0.88%1.79%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		1.76%1.69%1.78%2.18%1.81%1.59%1.42%1.60%1.76%1.43%1.17%1.32%

Drawdowns

RFV vs. VIOV - Drawdown Comparison

The maximum RFV drawdown since its inception was -71.82%, which is greater than VIOV's maximum drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for RFV and VIOV.

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Drawdown Indicators

RFVVIOVDifference

Max Drawdown

Largest peak-to-trough decline

-71.82%

-47.36%

-24.46%

Max Drawdown (1Y)

Largest decline over 1 year

-15.62%

-15.50%

-0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-24.65%

-28.44%

+3.79%

Max Drawdown (10Y)

Largest decline over 10 years

-52.24%

-47.36%

-4.88%

Current Drawdown

Current decline from peak

-8.48%

-6.21%

-2.27%

Average Drawdown

Average peak-to-trough decline

-9.85%

-7.45%

-2.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.78%

4.14%

+0.64%

Volatility

RFV vs. VIOV - Volatility Comparison

Invesco S&P MidCap 400® Pure Value ETF (RFV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV) have volatilities of 5.23% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RFVVIOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

5.42%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

13.17%

13.56%

-0.39%

Volatility (1Y)

Calculated over the trailing 1-year period

24.40%

23.66%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.22%

22.11%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.05%

23.90%

+1.15%