RPG vs. RPV

Last updated Aug 4, 2026

RPG (Invesco S&P 500 Pure Growth ETF) and RPV (Invesco S&P 500® Pure Value ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500 Pure Growth Index, while RPV is a Large Cap Value Equities fund tracking the S&P 500 Pure Value Index. Both are passively managed. Over the past 10 years, RPG returned 13.52%/yr vs 11.04%/yr for RPV. Their 0.69 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

RPG vs. RPV - Performance Comparison

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

Returns By Period

In the year-to-date period, RPG achieves a 22.47% return, which is significantly higher than RPV's 17.44% return. Over the past 10 years, RPG has outperformed RPV with an annualized return of 13.52%, while RPV has yielded a comparatively lower 11.04% 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%

RPV

• 1D: 0.79%
• 1M: 3.56%
• 6M: 12.64%
• YTD: 17.44%
• 1Y: 35.26%
• 3Y*: 17.61%
• 5Y*: 12.61%
• 10Y*: 11.04%
• ALL TIME*: 9.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RPG Invesco S&P 500 Pure Growth ETF	$42.21M	$42.12M	$41.16M
RPV Invesco S&P 500® Pure Value ETF	$16.35M	$15.45M	$15.92M

RPG vs. RPV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RPV Invesco S&P 500® Pure Value ETF	17.44%	17.70%	12.41%	7.98%	-1.27%	34.22%	-8.69%	24.80%	-12.31%	17.30%

Correlation

The correlation between RPG and RPV is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.58
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006	0.69

Over the past year, the correlation between RPG and RPV has dropped to 0.25 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

RPG vs. RPV - Sectors Allocation Comparison

Sectors	RPG	RPV
Technology	47.7%	3.4%
Industrials	15.7%	7.3%
Consumer Cyclical	14.4%	11.4%
Communication Services	7.0%	5.2%
Healthcare	6.2%	18.3%
Financial Services	5.0%	18.8%
Energy	1.5%	9.6%
Consumer Defensive	1.1%	13.0%
Basic Materials	1.1%	7.5%
Real Estate	1.0%	1.6%
Utilities	1.0%	4.1%

Return for Risk

RPG vs. RPV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPG

RPG Risk / Return Rank: 41
RPG Sharpe Ratio Rank: 38
RPG Sortino Ratio Rank: 39
RPG Omega Ratio Rank: 38
RPG Calmar Ratio Rank: 40
RPG Martin Ratio Rank: 50

RPV

RPV Risk / Return Rank: 94
RPV Sharpe Ratio Rank: 95
RPV Sortino Ratio Rank: 95
RPV Omega Ratio Rank: 93
RPV Calmar Ratio Rank: 93
RPV Martin Ratio Rank: 93

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. RPV - Risk-Adjusted Trends Comparison

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

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	RPV	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.85	-1.87
Sortino ratio: Return per unit of downside risk	1.47	4.07	-2.60
Omega ratio: Gain probability vs. loss probability	1.19	1.49	-0.31
Calmar ratio: Return relative to maximum drawdown	1.46	4.58	-3.12
Martin ratio: Return relative to average drawdown	5.95	16.83	-10.89

RPG vs. RPV - Sharpe Ratio Comparison

The current RPG Sharpe Ratio is 0.99, which is lower than the RPV Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of RPG and RPV, 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. RPV - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, smaller than the maximum RPV drawdown of -75.32%. Use the drawdown chart below to compare losses from any high point for RPG and RPV.

Drawdown Indicators

	RPG	RPV	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-75.32%	+22.05%
Max Drawdown (1Y) Largest decline over 1 year	-16.84%	-7.74%	-9.10%
Max Drawdown (3Y) Largest decline over 3 years	-24.75%	-14.90%	-9.85%
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	-22.64%	-12.95%
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	-50.67%	+14.09%
Current Drawdown Current decline from peak	-10.54%	-1.05%	-9.49%
Average Drawdown Average peak-to-trough decline	-8.82%	-10.61%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	2.10%	+2.02%

Volatility

RPG vs. RPV - Volatility Comparison

Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 10.41% compared to Invesco S&P 500® Pure Value ETF (RPV) at 3.10%. This indicates that RPG'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.

Volatility by Period

	RPG	RPV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	3.10%	+7.31%
Volatility (6M) Calculated over the trailing 6-month period	22.12%	8.22%	+13.90%
Volatility (1Y) Calculated over the trailing 1-year period	24.92%	12.43%	+12.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.43%	17.60%	+6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	21.80%	+1.38%

RPG vs. RPV - Expense Ratio Comparison

Both RPG and RPV have an expense ratio of 0.35%.

Dividends

RPG vs. RPV - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.16%, less than RPV's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RPV Invesco S&P 500® Pure Value ETF	2.26%	2.50%	2.16%	2.38%	2.29%	1.92%	2.11%	2.28%	2.49%	1.73%	1.73%	2.39%

Frequently Asked Questions

Can I hold both RPG and RPV in my portfolio?

RPG and RPV have a correlation of 0.25, 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 RPV?

RPG has higher volatility (10.41%) compared to RPV (3.10%). In terms of maximum drawdown, RPG dropped -53.27% vs RPV's -75.32%.

Which ETF is better, RPG or RPV?

On 10-year performance, RPG leads with 13.52% vs 11.04% for RPV. Both ETFs have the same 0.35% expense ratio. On volatility, RPV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPG or RPV?

Over the 10-year period, RPG has performed better with a 13.52% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPG or RPV?

RPG and RPV have the same expense ratio: 0.35% per year.

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

RPV has the higher dividend yield at 2.26%, compared with 0.16% for RPG.

What is the main difference between RPG and RPV?

RPG is categorized as Large Cap Growth Equities, while RPV is Large Cap Value Equities. RPG tracks S&P 500 Pure Growth Index, while RPV tracks S&P 500 Pure Value Index.

Which has better risk-adjusted returns?

RPV currently has the higher Sharpe Ratio (2.85 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.