RPV vs. IBMO
RPV (Invesco S&P 500® Pure Value ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both exchange-traded funds - RPV is a Large Cap Value Equities fund tracking the S&P 500 Pure Value Index, while IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Both are passively managed. Over the past 5 years, RPV returned 12.47%/yr vs 0.62%/yr for IBMO. At a correlation of -0.04, they often move in opposite directions. RPV charges 0.35%/yr vs 0.18%/yr for IBMO.
Performance
RPV vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, RPV achieves a 15.68% return, which is significantly higher than IBMO's 1.22% return.
RPV
- 1D
- 0.79%
- 1M
- 2.83%
- 6M
- 10.12%
- YTD
- 15.68%
- 1Y
- 30.24%
- 3Y*
- 17.42%
- 5Y*
- 12.47%
- 10Y*
- 10.81%
IBMO
- 1D
- 0.04%
- 1M
- 0.19%
- 6M
- 1.01%
- YTD
- 1.22%
- 1Y
- 2.55%
- 3Y*
- 2.79%
- 5Y*
- 0.62%
- 10Y*
- —
RPV vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RPV Invesco S&P 500® Pure Value ETF | 15.68% | 17.70% | 12.41% | 7.98% | -1.27% | 34.22% | -8.69% | 9.88% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.22% | 3.11% | 1.97% | 2.90% | -5.36% | -0.16% | 5.48% | 4.69% |
Correlation
The correlation between RPV and IBMO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | -0.04 |
The correlation between RPV and IBMO shifts across timeframes, from -0.06 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RPV vs. IBMO — Risk / Return Rank
RPV
IBMO
RPV vs. IBMO - 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 iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
| RPV | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 6.76 | -2.83 |
| Martin ratioReturn relative to average drawdown | 13.66 | 19.98 | -6.32 |
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Drawdowns
RPV vs. IBMO - Drawdown Comparison
The maximum RPV drawdown since its inception was -75.32%, which is greater than IBMO's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for RPV and IBMO.
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Drawdown Indicators
| RPV | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.32% | -14.77% | -60.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -0.38% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -1.76% | -13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -8.86% | -13.78% |
Max Drawdown (10Y)Largest decline over 10 years | -50.67% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -2.29% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.13% | +2.09% |
Volatility
RPV vs. IBMO - Volatility Comparison
Invesco S&P 500® Pure Value ETF (RPV) has a higher volatility of 3.36% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.31%. This indicates that RPV's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPV | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.31% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 0.71% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 1.13% | +11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 2.14% | +15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 4.48% | +17.31% |
RPV vs. IBMO - Expense Ratio Comparison
RPV has a 0.35% expense ratio, which is higher than IBMO's 0.18% expense ratio.
Dividends
RPV vs. IBMO - Dividend Comparison
RPV's dividend yield for the trailing twelve months is around 2.30%, less than IBMO's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.40% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% |
RPV Invesco S&P 500® Pure Value ETF | 2.30% | 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 IBMO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPV has higher volatility (3.36%) compared to IBMO (0.31%). In terms of maximum drawdown, RPV dropped -75.32% vs IBMO's -14.77%.
On 5-year performance, RPV leads with 12.47% vs 0.62% for IBMO. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RPV has performed better with a 12.47% return vs 0.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.35% for RPV.
IBMO has the higher dividend yield at 2.40%, compared with 2.30% for RPV.
RPV is categorized as Large Cap Value Equities, while IBMO is Municipal Bonds. RPV tracks S&P 500 Pure Value Index, while IBMO tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for RPV and 0.18% for IBMO.
RPV currently has the higher Sharpe Ratio (2.41 vs 2.27), 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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