RPG vs. QQQ
Compare and contrast key facts about Invesco S&P 500® Pure Growth ETF (RPG) and Invesco QQQ (QQQ).
RPG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RPG is a passively managed fund by Invesco that tracks the performance of the S&P 500/Citigroup Pure Growth Index. It was launched on Mar 1, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RPG and QQQ 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: RPG or QQQ.
Key characteristics
| RPG | QQQ | |
|---|---|---|
| YTD Return | 31.44% | 26.09% |
| 1Y Return | 44.06% | 39.88% |
| 3Y Return (Ann) | -0.01% | 9.90% |
| 5Y Return (Ann) | 12.63% | 21.46% |
| 10Y Return (Ann) | 11.03% | 18.52% |
| Sharpe Ratio | 2.27 | 2.22 |
| Sortino Ratio | 2.96 | 2.92 |
| Omega Ratio | 1.39 | 1.40 |
| Calmar Ratio | 1.35 | 2.86 |
| Martin Ratio | 11.89 | 10.44 |
| Ulcer Index | 3.62% | 3.72% |
| Daily Std Dev | 18.97% | 17.47% |
| Max Drawdown | -53.27% | -82.98% |
| Current Drawdown | -1.83% | 0.00% |
Correlation
The correlation between RPG and QQQ is 0.86, 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
RPG vs. QQQ - Performance Comparison
In the year-to-date period, RPG achieves a 31.44% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, RPG has underperformed QQQ with an annualized return of 11.03%, while QQQ has yielded a comparatively higher 18.52% 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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RPG vs. QQQ - Expense Ratio Comparison
RPG has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RPG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Growth ETF (RPG) and Invesco QQQ (QQQ). 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
RPG vs. QQQ - Dividend Comparison
RPG's dividend yield for the trailing twelve months is around 0.38%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPG Invesco S&P 500® Pure Growth ETF | 0.38% | 1.44% | 0.74% | 0.00% | 0.46% | 0.83% | 0.47% | 0.56% | 0.43% | 0.73% | 0.67% | 0.56% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RPG vs. QQQ - Drawdown Comparison
The maximum RPG drawdown since its inception was -53.27%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RPG and QQQ. For additional features, visit the drawdowns tool.
Volatility
RPG vs. QQQ - Volatility Comparison
Invesco S&P 500® Pure Growth ETF (RPG) has a higher volatility of 5.78% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that RPG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.