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RPV vs. FOVL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPV vs. FOVL

Last updated Jun 24, 2026

RPV (Invesco S&P 500® Pure Value ETF) and FOVL (iShares Focused Value Factor ETF) are both exchange-traded funds - RPV is a Large Cap Value Equities fund tracking the S&P 500/Citigroup Pure Value Index, while FOVL is a Mid Cap Value Equities fund tracking the MSCI USA IMI Focused Value Factor Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. RPV charges 0.35%/yr vs 0.25%/yr for FOVL.

Performance

RPV vs. FOVL - Performance Comparison

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

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Returns By Period

RPV

1D
0.43%
1M
0.99%
YTD
10.84%
6M
10.96%
1Y
25.73%
3Y*
17.60%
5Y*
10.53%
10Y*
11.14%

FOVL

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RPV vs. FOVL - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
RPV
Invesco S&P 500® Pure Value ETF		10.84%17.70%12.41%7.98%-1.27%34.22%-8.69%11.78%
FOVL
iShares Focused Value Factor ETF		0.00%6.43%22.87%17.72%-9.39%40.14%-13.20%7.00%

Correlation

The correlation between RPV and FOVL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Mar 21, 2019

0.88

Over the past year, the correlation between RPV and FOVL has dropped to 0.27 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

RPV vs. FOVL - Sectors Allocation Comparison

Sectors
RPV
FOVL

Financial Services

17.4%
44.6%

Healthcare

16.8%
4.9%

Consumer Defensive

14.8%
5.0%

Consumer Cyclical

11.4%
5.2%

Energy

10.0%
7.7%

Basic Materials

8.6%

-

Industrials

6.7%
12.8%

Communication Services

5.5%
4.7%

Utilities

3.9%
7.5%

Technology

3.5%
5.0%

Real Estate

1.6%
2.6%

Financial Services

RPV
17.4%
FOVL
44.6%

Healthcare

RPV
16.8%
FOVL
4.9%

Consumer Defensive

RPV
14.8%
FOVL
5.0%

Consumer Cyclical

RPV
11.4%
FOVL
5.2%

Energy

RPV
10.0%
FOVL
7.7%

Basic Materials

RPV
8.6%
FOVL

-

Industrials

RPV
6.7%
FOVL
12.8%

Communication Services

RPV
5.5%
FOVL
4.7%

Utilities

RPV
3.9%
FOVL
7.5%

Technology

RPV
3.5%
FOVL
5.0%

Real Estate

RPV
1.6%
FOVL
2.6%

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 Value ETF

iShares Focused Value Factor ETF

Often compared with RPV:
RPV vs. VTVRPV vs. SPYRPV vs. RFVRPV vs. SCHDRPV vs. VOORPV vs. MGVRPV vs. VONV
Often compared with FOVL:
FOVL vs. VOOFOVL vs. VTVFOVL vs. QVALFOVL vs. FELVFOVL vs. FRTYFOVL vs. DONFOVL vs. IMCV

Return for Risk

RPV vs. FOVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RPV
RPV Risk / Return Rank: 6565
Overall Rank
RPV Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
RPV Sortino Ratio Rank: 6767
Sortino Ratio Rank
RPV Omega Ratio Rank: 5959
Omega Ratio Rank
RPV Calmar Ratio Rank: 6969
Calmar Ratio Rank
RPV Martin Ratio Rank: 6666
Martin Ratio Rank
FOVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RPV vs. FOVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) and iShares Focused Value Factor ETF (FOVL). 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.

RPVFOVLDifference
Sharpe ratioReturn per unit of total volatility
2.02

—

—

Sortino ratioReturn per unit of downside risk
2.92

—

—

Omega ratioGain probability vs. loss probability

1.35

—

—

Calmar ratioReturn relative to maximum drawdown

3.34

—

—

Martin ratioReturn relative to average drawdown

11.48

—

—

RPV vs. FOVL - Sharpe Ratio Comparison

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Drawdowns

RPV vs. FOVL - Drawdown Comparison

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Drawdown Indicators

RPVFOVLDifference

Max Drawdown

Largest peak-to-trough decline

-75.32%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-7.74%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-15.50%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.64%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-50.67%

—

—

Current Drawdown

Current decline from peak

-2.85%

—

—

Average Drawdown

Average peak-to-trough decline

-10.66%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

—

—

Volatility

RPV vs. FOVL - Volatility Comparison

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Volatility by Period

RPVFOVLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

8.69%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.80%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.79%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.87%

—

—

RPV vs. FOVL - Expense Ratio Comparison

RPV has a 0.35% expense ratio, which is higher than FOVL's 0.25% expense ratio.

Dividends

RPV vs. FOVL - Dividend Comparison

RPV's dividend yield for the trailing twelve months is around 2.40%, while FOVL has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FOVL
iShares Focused Value Factor ETF		0.00%1.36%2.08%2.59%3.38%2.80%2.88%2.09%0.00%0.00%0.00%0.00%
RPV
Invesco S&P 500® Pure Value ETF		2.40%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

RPV and FOVL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FOVL is cheaper with a 0.25% expense ratio, compared with 0.35% for RPV.

RPV has the higher dividend yield at 2.40%, compared with 0.00% for FOVL.

RPV is categorized as Large Cap Value Equities, while FOVL is Mid Cap Value Equities. RPV tracks S&P 500/Citigroup Pure Value Index, while FOVL tracks MSCI USA IMI Focused Value Factor Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RPV and 0.25% for FOVL.

Portfolio Optimizer

Find the right allocation for RPV and FOVL

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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