RPV vs. OAKMX

Last updated Jun 4, 2026

RPV (Invesco S&P 500® Pure Value ETF) and OAKMX (Oakmark Fund Investor Class) are both Large Cap Value Equities funds. Over the past 10 years, RPV returned 10.64%/yr vs 13.40%/yr for OAKMX. Their correlation of 0.88 suggests significant overlap in exposure. RPV charges 0.35%/yr vs 0.91%/yr for OAKMX.

Performance

RPV vs. OAKMX - Performance Comparison

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

Returns By Period

In the year-to-date period, RPV achieves a 10.48% return, which is significantly higher than OAKMX's -0.93% return. Over the past 10 years, RPV has underperformed OAKMX with an annualized return of 10.64%, while OAKMX has yielded a comparatively higher 13.40% annualized return.

RPV

• 1D: -0.60%
• 1M: 2.84%
• YTD: 10.48%
• 6M: 12.73%
• 1Y: 27.41%
• 3Y*: 18.14%
• 5Y*: 9.29%
• 10Y*: 10.64%

OAKMX

• 1D: -0.79%
• 1M: -0.39%
• YTD: -0.93%
• 6M: 2.09%
• 1Y: 11.45%
• 3Y*: 15.03%
• 5Y*: 9.46%
• 10Y*: 13.40%

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

RPV vs. OAKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPV Invesco S&P 500® Pure Value ETF	10.48%	17.70%	12.41%	7.98%	-1.27%	34.22%	-8.69%	24.80%	-12.31%	17.30%
OAKMX Oakmark Fund Investor Class	-0.93%	14.13%	16.02%	30.92%	-13.38%	34.85%	12.90%	27.14%	-12.76%	21.12%

Correlation

The correlation between RPV and OAKMX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 8, 2006	0.88

The correlation between RPV and OAKMX shifts across timeframes, from 0.78 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

RPV vs. OAKMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPV

RPV Risk / Return Rank: 66
RPV Sharpe Ratio Rank: 64
RPV Sortino Ratio Rank: 68
RPV Omega Ratio Rank: 61
RPV Calmar Ratio Rank: 70
RPV Martin Ratio Rank: 67

OAKMX

OAKMX Risk / Return Rank: 15
OAKMX Sharpe Ratio Rank: 12
OAKMX Sortino Ratio Rank: 13
OAKMX Omega Ratio Rank: 12
OAKMX Calmar Ratio Rank: 23
OAKMX Martin Ratio Rank: 16

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. OAKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) and Oakmark Fund Investor Class (OAKMX). 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.

	RPV	OAKMX	Difference
Sharpe ratio Return per unit of total volatility	2.19	0.95	+1.24
Sortino ratio Return per unit of downside risk	3.17	1.44	+1.73
Omega ratio Gain probability vs. loss probability	1.38	1.17	+0.21
Calmar ratio Return relative to maximum drawdown	3.56	1.76	+1.79
Martin ratio Return relative to average drawdown	12.45	4.53	+7.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPV vs. OAKMX - Sharpe Ratio Comparison

The current RPV Sharpe Ratio is 2.19, which is higher than the OAKMX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of RPV and OAKMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPV	OAKMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.95	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.52	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.66	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.71	-0.33

Drawdowns

RPV vs. OAKMX - Drawdown Comparison

The maximum RPV drawdown since its inception was -75.32%, which is greater than OAKMX's maximum drawdown of -56.19%. Use the drawdown chart below to compare losses from any high point for RPV and OAKMX.

Drawdown Indicators

	RPV	OAKMX	Difference
Max Drawdown Largest peak-to-trough decline	-75.32%	-56.19%	-19.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-6.98%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-17.05%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-23.68%	+1.04%
Max Drawdown (10Y) Largest decline over 10 years	-50.67%	-41.43%	-9.24%
Current Drawdown Current decline from peak	-0.60%	-3.47%	+2.87%
Average Drawdown Average peak-to-trough decline	-10.69%	-6.39%	-4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.71%	-0.50%

Volatility

RPV vs. OAKMX - Volatility Comparison

The current volatility for Invesco S&P 500® Pure Value ETF (RPV) is 2.54%, while Oakmark Fund Investor Class (OAKMX) has a volatility of 2.93%. This indicates that RPV experiences smaller price fluctuations and is considered to be less risky than OAKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPV	OAKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	2.93%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	9.34%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	13.00%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	18.29%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	20.40%	+1.52%

RPV vs. OAKMX - Expense Ratio Comparison

RPV has a 0.35% expense ratio, which is lower than OAKMX's 0.91% expense ratio.

Dividends

RPV vs. OAKMX - Dividend Comparison

RPV's dividend yield for the trailing twelve months is around 2.28%, more than OAKMX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OAKMX Oakmark Fund Investor Class	0.93%	0.92%	1.12%	1.02%	0.92%	1.94%	0.17%	8.33%	8.13%	4.06%	2.58%	1.43%
RPV Invesco S&P 500® Pure Value ETF	2.28%	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 RPV and OAKMX in my portfolio?

RPV and OAKMX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPV or OAKMX?

OAKMX has higher volatility (2.93%) compared to RPV (2.54%). In terms of maximum drawdown, RPV dropped -75.32% vs OAKMX's -56.19%.

Which has better risk-adjusted returns?

RPV currently has the higher Sharpe Ratio (2.19 vs 0.95), 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.