RPG vs. FMTM

Last updated Jun 24, 2026

RPG (Invesco S&P 500 Pure Growth ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Pure Growth Index, while FMTM is a Momentum fund. RPG is passively managed, while FMTM is actively managed. Over the past year, RPG returned 38.51% vs 61.05% for FMTM. A 0.78 correlation means they provide meaningful diversification when combined. RPG charges 0.35%/yr vs 0.45%/yr for FMTM.

Performance

RPG vs. FMTM - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with RPG having a 30.31% return and FMTM slightly higher at 30.53%.

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%

FMTM

• 1D: -3.43%
• 1M: 4.31%
• YTD: 30.53%
• 6M: 28.10%
• 1Y: 61.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RPG vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
RPG Invesco S&P 500 Pure Growth ETF	30.31%	18.86%
FMTM MarketDesk Focused U.S. Momentum ETF	30.53%	28.21%

Correlation

The correlation between RPG and FMTM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.78

The correlation between RPG and FMTM has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

RPG vs. FMTM — Risk / Return Rank

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

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

FMTM

FMTM Risk / Return Rank: 81
FMTM Sharpe Ratio Rank: 82
FMTM Sortino Ratio Rank: 72
FMTM Omega Ratio Rank: 74
FMTM Calmar Ratio Rank: 89
FMTM Martin Ratio Rank: 89

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.

RPG vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	RPG	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.53	-0.78
Sortino ratio: Return per unit of downside risk	2.37	3.09	-0.72
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	3.49	5.06	-1.57
Martin ratio: Return relative to average drawdown	13.16	19.29	-6.13

RPG vs. FMTM - Sharpe Ratio Comparison

The current RPG Sharpe Ratio is 1.75, which is lower than the FMTM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of RPG and FMTM, 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

RPG vs. FMTM - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for RPG and FMTM.

Drawdown Indicators

	RPG	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-12.12%	-41.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-12.12%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-24.75%	—	—
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	-4.60%	-3.43%	-1.17%
Average Drawdown Average peak-to-trough decline	-8.83%	-1.91%	-6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.17%	-0.24%

Volatility

RPG vs. FMTM - Volatility Comparison

Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 11.10% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 9.38%. This indicates that RPG's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPG	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.10%	9.38%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	19.05%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.09%	24.27%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.86%	23.68%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.90%	23.68%	-0.78%

RPG vs. FMTM - Expense Ratio Comparison

RPG has a 0.35% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

RPG vs. FMTM - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.15%, less than FMTM's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%	0.00%	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 RPG and FMTM in my portfolio?

RPG and FMTM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPG or FMTM?

RPG has higher volatility (11.10%) compared to FMTM (9.38%). In terms of maximum drawdown, RPG dropped -53.27% vs FMTM's -12.12%.

Which ETF is better, RPG or FMTM?

On 1-year performance, FMTM leads with 61.05% vs 38.51% for RPG. On fees, RPG is cheaper at 0.35% per year. On volatility, FMTM has been the lower-risk option at 9.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPG or FMTM?

Over the 1-year period, FMTM has performed better with a 61.05% return vs 38.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPG or FMTM?

RPG is cheaper with a 0.35% expense ratio, compared with 0.45% for FMTM.

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

FMTM has the higher dividend yield at 0.23%, compared with 0.15% for RPG.

What is the main difference between RPG and FMTM?

RPG is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.35% for RPG and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.53 vs 1.75), 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.