RPG vs. SPYM

Last updated Jun 24, 2026

RPG (Invesco S&P 500 Pure Growth ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Pure Growth Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RPG returned 15.14%/yr vs 15.61%/yr for SPYM. Their correlation of 0.81 suggests significant overlap in exposure. RPG charges 0.35%/yr vs 0.02%/yr for SPYM.

Performance

RPG vs. SPYM - Performance Comparison

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

Returns By Period

In the year-to-date period, RPG achieves a 30.31% return, which is significantly higher than SPYM's 8.21% return. Both investments have delivered pretty close results over the past 10 years, with RPG having a 15.14% annualized return and SPYM not far ahead at 15.61%.

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%

SPYM

• 1D: -1.44%
• 1M: -1.32%
• YTD: 8.21%
• 6M: 7.24%
• 1Y: 23.73%
• 3Y*: 20.77%
• 5Y*: 13.13%
• 10Y*: 15.61%

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

RPG vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPG Invesco S&P 500 Pure Growth ETF	30.31%	13.41%	28.23%	8.04%	-27.55%	29.40%	29.34%	28.34%	-4.53%	26.20%
SPYM State Street SPDR Portfolio S&P 500 ETF	8.21%	17.79%	25.00%	26.24%	-18.09%	28.78%	18.49%	31.99%	-4.78%	21.30%

Correlation

The correlation between RPG and SPYM is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006	0.81

The correlation between RPG and SPYM has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

RPG vs. SPYM - Sectors Allocation Comparison

Sectors	RPG	SPYM
Technology	46.9%	38.0%
Consumer Cyclical	14.7%	9.4%
Industrials	14.0%	8.0%
Healthcare	6.4%	8.5%
Communication Services	5.4%	10.1%
Financial Services	5.3%	11.9%
Utilities	2.4%	2.6%
Energy	1.6%	3.1%
Basic Materials	1.2%	1.8%
Consumer Defensive	1.1%	4.6%
Real Estate	1.0%	1.8%

Return for Risk

RPG vs. SPYM — 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

SPYM

SPYM Risk / Return Rank: 59
SPYM Sharpe Ratio Rank: 59
SPYM Sortino Ratio Rank: 56
SPYM Omega Ratio Rank: 58
SPYM Calmar Ratio Rank: 56
SPYM Martin Ratio Rank: 67

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. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.92	-0.16
Sortino ratio: Return per unit of downside risk	2.37	2.61	-0.24
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	3.49	2.68	+0.82
Martin ratio: Return relative to average drawdown	13.16	11.98	+1.18

RPG vs. SPYM - Sharpe Ratio Comparison

The current RPG Sharpe Ratio is 1.75, which is comparable to the SPYM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of RPG and SPYM, 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. SPYM - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, roughly equal to the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for RPG and SPYM.

Drawdown Indicators

	RPG	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-54.46%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-8.90%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-24.75%	-18.72%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	-24.48%	-11.11%
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	-33.87%	-2.71%
Current Drawdown Current decline from peak	-4.60%	-3.14%	-1.46%
Average Drawdown Average peak-to-trough decline	-8.83%	-7.14%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.99%	+0.94%

Volatility

RPG vs. SPYM - Volatility Comparison

Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 11.10% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 4.83%. This indicates that RPG's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPG	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.10%	4.83%	+6.27%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	9.83%	+9.19%
Volatility (1Y) Calculated over the trailing 1-year period	22.09%	12.46%	+9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.86%	16.90%	+6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.90%	18.03%	+4.87%

RPG vs. SPYM - Expense Ratio Comparison

RPG has a 0.35% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

RPG vs. SPYM - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.15%, less than SPYM's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.30%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both RPG and SPYM in my portfolio?

RPG and SPYM have a correlation of 0.85, 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 SPYM?

RPG has higher volatility (11.10%) compared to SPYM (4.83%). In terms of maximum drawdown, RPG dropped -53.27% vs SPYM's -54.46%.

Which ETF is better, RPG or SPYM?

On 10-year performance, SPYM leads with 15.61% vs 15.14% for RPG. On fees, SPYM is cheaper at 0.02% per year. On volatility, SPYM has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPG or SPYM?

Over the 10-year period, SPYM has performed better with a 15.61% return vs 15.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPG or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.35% for RPG.

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

SPYM has the higher dividend yield at 1.30%, compared with 0.15% for RPG.

What is the main difference between RPG and SPYM?

RPG is categorized as Large Cap Growth Equities, while SPYM is S&P 500. RPG tracks S&P 500/Citigroup Pure Growth Index, while SPYM tracks S&P 500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.35% for RPG and 0.02% for SPYM.

Which has better risk-adjusted returns?

SPYM currently has the higher Sharpe Ratio (1.92 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.