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RPG vs. ILCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPG vs. ILCB

Last updated Aug 4, 2026
Documentation

RPG (Invesco S&P 500 Pure Growth ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds - RPG tracks the S&P 500 Pure Growth Index while ILCB tracks the Morningstar US Large-Mid Cap Index. Both are passively managed. Over the past 10 years, RPG returned 13.52%/yr vs 14.42%/yr for ILCB. Their correlation of 0.86 means they have usually moved in the same direction. RPG charges 0.35%/yr vs 0.03%/yr for ILCB.

Performance

RPG vs. ILCB - Performance Comparison

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

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Returns By Period

In the year-to-date period, RPG achieves a 22.47% return, which is significantly higher than ILCB's 11.73% return. Over the past 10 years, RPG has underperformed ILCB with an annualized return of 13.52%, while ILCB has yielded a comparatively higher 14.42% annualized return.

RPG

1D
2.09%
1M
-4.47%
6M
15.17%
YTD
22.47%
1Y
24.43%
3Y*
22.95%
5Y*
8.30%
10Y*
13.52%
ALL TIME*
11.65%

ILCB

1D
1.54%
1M
1.56%
6M
9.71%
YTD
11.73%
1Y
23.00%
3Y*
20.96%
5Y*
12.54%
10Y*
14.42%
ALL TIME*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ILCB

iShares Morningstar U.S. Equity ETF
$1.31M$1.30M$1.40M

RPG

Invesco S&P 500 Pure Growth ETF
$42.21M$42.12M$41.16M

RPG vs. ILCB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RPG
Invesco S&P 500 Pure Growth ETF		22.47%13.41%28.23%8.04%-27.55%29.40%29.34%28.34%-4.53%26.20%
ILCB
iShares Morningstar U.S. Equity ETF		11.73%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-8.51%22.09%

Correlation

The correlation between RPG and ILCB is 0.83, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.83

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.88

Correlation (10Y)
Provides a long-term view across more market conditions.

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2006

0.86

The correlation between RPG and ILCB has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

RPG vs. ILCB - Sectors Allocation Comparison

Sectors
RPG
ILCB

Technology

47.7%
38.4%

Industrials

15.7%
8.9%

Consumer Cyclical

14.4%
9.4%

Communication Services

7.0%
9.8%

Healthcare

6.2%
9.0%

Financial Services

5.0%
11.4%

Energy

1.5%
3.1%

Consumer Defensive

1.1%
4.4%

Basic Materials

1.1%
1.8%

Real Estate

1.0%
1.7%

Utilities

1.0%
2.2%

Technology

RPG
47.7%
ILCB
38.4%

Industrials

RPG
15.7%
ILCB
8.9%

Consumer Cyclical

RPG
14.4%
ILCB
9.4%

Communication Services

RPG
7.0%
ILCB
9.8%

Healthcare

RPG
6.2%
ILCB
9.0%

Financial Services

RPG
5.0%
ILCB
11.4%

Energy

RPG
1.5%
ILCB
3.1%

Consumer Defensive

RPG
1.1%
ILCB
4.4%

Basic Materials

RPG
1.1%
ILCB
1.8%

Real Estate

RPG
1.0%
ILCB
1.7%

Utilities

RPG
1.0%
ILCB
2.2%

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 500 Pure Growth ETF

iShares Morningstar U.S. Equity ETF

Often compared with RPG:
RPG vs. QQQRPG vs. SPGPRPG vs. VOORPG vs. SCHGRPG vs. SPYGRPG vs. VOOGRPG vs. RSP
Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. SCHBILCB vs. VTIILCB vs. BBUS

Return for Risk

RPG vs. ILCB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
RPG
RPG Risk / Return Rank: 4141
Overall Rank
RPG Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RPG Sortino Ratio Rank: 3939
Sortino Ratio Rank
RPG Omega Ratio Rank: 3838
Omega Ratio Rank
RPG Calmar Ratio Rank: 4040
Calmar Ratio Rank
RPG Martin Ratio Rank: 5050
Martin Ratio Rank
ILCB
ILCB Risk / Return Rank: 7575
Overall Rank
ILCB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 7474
Sortino Ratio Rank
ILCB Omega Ratio Rank: 7474
Omega Ratio Rank
ILCB Calmar Ratio Rank: 7070
Calmar Ratio Rank
ILCB Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPG vs. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) and iShares Morningstar U.S. Equity ETF (ILCB). 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.

RPGILCBDifference
Sharpe ratioReturn per unit of total volatility
0.99
1.78

-0.80

Sortino ratioReturn per unit of downside risk
1.47
2.47

-1.00

Omega ratioGain probability vs. loss probability

1.19

1.32

-0.13

Calmar ratioReturn relative to maximum drawdown

1.46

2.54

-1.08

Martin ratioReturn relative to average drawdown

5.95

10.74

-4.79

RPG vs. ILCB - Sharpe Ratio Comparison

The current RPG Sharpe Ratio is 0.99, which is lower than the ILCB Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of RPG and ILCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RPG vs. ILCB - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, roughly equal to the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for RPG and ILCB.

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Drawdown Indicators

RPGILCBDifference

Max Drawdown

Largest peak-to-trough decline

-53.27%

-51.53%

-1.74%

Max Drawdown (1Y)

Largest decline over 1 year

-16.84%

-9.09%

-7.75%

Max Drawdown (3Y)

Largest decline over 3 years

-24.75%

-19.05%

-5.70%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-25.47%

-10.12%

Max Drawdown (10Y)

Largest decline over 10 years

-36.58%

-35.30%

-1.28%

Current Drawdown

Current decline from peak

-10.54%

-0.12%

-10.42%

Average Drawdown

Average peak-to-trough decline

-8.82%

-6.20%

-2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

2.15%

+1.97%

Volatility

RPG vs. ILCB - Volatility Comparison

Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 10.41% compared to iShares Morningstar U.S. Equity ETF (ILCB) at 3.90%. This indicates that RPG's price experiences larger fluctuations and is considered to be riskier than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RPGILCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.41%

3.90%

+6.51%

Volatility (6M)

Calculated over the trailing 6-month period

22.12%

10.31%

+11.81%

Volatility (1Y)

Calculated over the trailing 1-year period

24.92%

12.99%

+11.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.43%

17.25%

+7.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.18%

18.20%

+4.98%

RPG vs. ILCB - Expense Ratio Comparison

RPG has a 0.35% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

RPG vs. ILCB - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.16%, less than ILCB's 0.97% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCB
iShares Morningstar U.S. Equity ETF		0.97%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%
RPG
Invesco S&P 500 Pure Growth ETF		0.16%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

RPG and ILCB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPG has higher volatility (10.41%) compared to ILCB (3.90%). In terms of maximum drawdown, RPG dropped -53.27% vs ILCB's -51.53%.

On 10-year performance, ILCB leads with 14.42% vs 13.52% for RPG. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ILCB has performed better with a 14.42% return vs 13.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCB is cheaper with a 0.03% expense ratio, compared with 0.35% for RPG.

ILCB has the higher dividend yield at 0.97%, compared with 0.16% for RPG.

RPG tracks S&P 500 Pure Growth Index, while ILCB tracks Morningstar US Large-Mid Cap Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RPG and 0.03% for ILCB.

ILCB currently has the higher Sharpe Ratio (1.78 vs 0.99), 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.

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