RPG vs. SPLV
RPG (Invesco S&P 500 Pure Growth ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500 Pure Growth Index, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. Over the past 10 years, RPG returned 13.52%/yr vs 8.28%/yr for SPLV. Their 0.59 correlation means they have sometimes moved together and sometimes differently. RPG charges 0.35%/yr vs 0.25%/yr for SPLV.
Performance
RPG vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, RPG achieves a 22.47% return, which is significantly higher than SPLV's 8.10% return. Over the past 10 years, RPG has outperformed SPLV with an annualized return of 13.52%, while SPLV has yielded a comparatively lower 8.28% 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%
SPLV
- 1D
- -0.03%
- 1M
- -0.49%
- 6M
- 4.74%
- YTD
- 8.10%
- 1Y
- 7.67%
- 3Y*
- 9.39%
- 5Y*
- 6.09%
- 10Y*
- 8.28%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.21M | $42.12M | $41.16M | |
| $164.48M | $163.53M | $188.20M |
RPG vs. SPLV - 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% |
SPLV Invesco S&P 500 Low Volatility ETF | 8.10% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
Correlation
The correlation between RPG and SPLV is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 5, 2011 | 0.59 |
The correlation between RPG and SPLV shifts across timeframes, from -0.10 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RPG vs. SPLV — Risk / Return Rank
RPG
SPLV
RPG vs. SPLV - 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 Low Volatility ETF (SPLV). 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 | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.04 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.95 | 2.38 | +3.57 |
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Drawdowns
RPG vs. SPLV - Drawdown Comparison
The maximum RPG drawdown since its inception was -53.27%, which is greater than SPLV's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for RPG and SPLV.
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Drawdown Indicators
| RPG | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.27% | -36.26% | -17.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -7.41% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -9.10% | -15.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | -17.26% | -18.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.58% | -36.26% | -0.32% |
Current DrawdownCurrent decline from peak | -10.54% | -2.26% | -8.28% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -3.54% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 3.23% | +0.89% |
Volatility
RPG vs. SPLV - Volatility Comparison
Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 10.41% compared to Invesco S&P 500 Low Volatility ETF (SPLV) at 3.93%. This indicates that RPG's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPG | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 3.93% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.12% | 8.27% | +13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 10.72% | +14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.43% | 12.61% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.18% | 15.42% | +7.76% |
RPG vs. SPLV - Expense Ratio Comparison
RPG has a 0.35% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Dividends
RPG vs. SPLV - Dividend Comparison
RPG's dividend yield for the trailing twelve months is around 0.16%, less than SPLV's 2.12% 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% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.12% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
RPG and SPLV have a correlation of -0.10, 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 SPLV (3.93%). In terms of maximum drawdown, RPG dropped -53.27% vs SPLV's -36.26%.
On 10-year performance, RPG leads with 13.52% vs 8.28% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, SPLV has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RPG has performed better with a 13.52% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV is cheaper with a 0.25% expense ratio, compared with 0.35% for RPG.
SPLV has the higher dividend yield at 2.12%, compared with 0.16% for RPG.
RPG is categorized as Large Cap Growth Equities, while SPLV is S&P 500. RPG tracks S&P 500 Pure Growth Index, while SPLV tracks S&P 500 Low Volatility Index. Their fees differ too: 0.35% for RPG and 0.25% for SPLV.
RPG currently has the higher Sharpe Ratio (0.99 vs 0.72), 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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