RPV vs. QQQM

Last updated Aug 2, 2026

RPV (Invesco S&P 500® Pure Value ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - RPV is a Large Cap Value Equities fund tracking the S&P 500 Pure Value Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, RPV returned 12.24%/yr vs 14.31%/yr for QQQM. Their 0.42 correlation means their historical movements had little consistent relationship. RPV charges 0.35%/yr vs 0.15%/yr for QQQM.

Performance

RPV vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Pure Value ETF (RPV) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPV achieves a 16.52% return, which is significantly higher than QQQM's 12.29% return.

RPV

• 1D: -0.36%
• 1M: 2.75%
• 6M: 12.21%
• YTD: 16.52%
• 1Y: 34.20%
• 3Y*: 16.76%
• 5Y*: 12.24%
• 10Y*: 11.15%
• ALL TIME*: 9.47%

QQQM

• 1D: 0.69%
• 1M: -3.45%
• 6M: 10.92%
• YTD: 12.29%
• 1Y: 24.86%
• 3Y*: 22.37%
• 5Y*: 14.31%
• 10Y*: —
• ALL TIME*: 16.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQM Invesco NASDAQ 100 ETF	$962.22M	$908.74M	$1.19B
RPV Invesco S&P 500® Pure Value ETF	$14.78M	$14.37M	$15.41M

RPV vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RPV Invesco S&P 500® Pure Value ETF	16.52%	17.70%	12.41%	7.98%	-1.27%	34.22%	17.72%
QQQM Invesco NASDAQ 100 ETF	12.29%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between RPV and QQQM is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.47
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.42

Over the past year, the correlation between RPV and QQQM has dropped to 0.15 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

RPV vs. QQQM - Sectors Allocation Comparison

Sectors	RPV	QQQM
Financial Services	18.8%	0.2%
Healthcare	18.3%	3.6%
Consumer Defensive	13.0%	6.3%
Consumer Cyclical	11.4%	10.7%
Energy	9.6%	0.5%
Basic Materials	7.5%	1.0%
Industrials	7.3%	2.7%
Communication Services	5.2%	13.1%
Utilities	4.1%	1.1%
Technology	3.4%	60.9%
Real Estate	1.6%	0.1%

Return for Risk

RPV vs. QQQM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPV

RPV Risk / Return Rank: 93
RPV Sharpe Ratio Rank: 94
RPV Sortino Ratio Rank: 94
RPV Omega Ratio Rank: 92
RPV Calmar Ratio Rank: 92
RPV Martin Ratio Rank: 92

QQQM

QQQM Risk / Return Rank: 49
QQQM Sharpe Ratio Rank: 48
QQQM Sortino Ratio Rank: 46
QQQM Omega Ratio Rank: 45
QQQM Calmar Ratio Rank: 54
QQQM Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPV vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.17	+1.46
Sortino ratio: Return per unit of downside risk	3.77	1.66	+2.11
Omega ratio: Gain probability vs. loss probability	1.45	1.21	+0.24
Calmar ratio: Return relative to maximum drawdown	4.23	1.88	+2.35
Martin ratio: Return relative to average drawdown	15.58	6.01	+9.56

RPV vs. QQQM - Sharpe Ratio Comparison

The current RPV Sharpe Ratio is 2.63, which is higher than the QQQM Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of RPV and QQQM, 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

RPV vs. QQQM - Drawdown Comparison

The maximum RPV drawdown since its inception was -75.32%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for RPV and QQQM.

Drawdown Indicators

	RPV	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-75.32%	-35.04%	-40.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-11.96%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-14.90%	-22.70%	+7.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-35.04%	+12.40%
Max Drawdown (10Y) Largest decline over 10 years	-50.67%	—	—
Current Drawdown Current decline from peak	-1.82%	-7.69%	+5.87%
Average Drawdown Average peak-to-trough decline	-10.61%	-8.15%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.74%	-1.64%

Volatility

RPV vs. QQQM - Volatility Comparison

The current volatility for Invesco S&P 500® Pure Value ETF (RPV) is 3.12%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.83%. This indicates that RPV experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPV	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	6.83%	-3.71%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	15.91%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	19.24%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	22.74%	-5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.80%	22.32%	-0.52%

RPV vs. QQQM - Expense Ratio Comparison

RPV has a 0.35% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

RPV vs. QQQM - Dividend Comparison

RPV's dividend yield for the trailing twelve months is around 2.28%, more than QQQM's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.46%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
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 QQQM in my portfolio?

RPV and QQQM have a correlation of 0.15, 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 QQQM?

QQQM has higher volatility (6.83%) compared to RPV (3.12%). In terms of maximum drawdown, RPV dropped -75.32% vs QQQM's -35.04%.

Which ETF is better, RPV or QQQM?

On 5-year performance, QQQM leads with 14.31% vs 12.24% for RPV. On fees, QQQM is cheaper at 0.15% per year. On volatility, RPV has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPV or QQQM?

Over the 5-year period, QQQM has performed better with a 14.31% return vs 12.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPV or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.35% for RPV.

Which ETF pays a higher dividend yield, RPV or QQQM?

RPV has the higher dividend yield at 2.28%, compared with 0.46% for QQQM.

What is the main difference between RPV and QQQM?

RPV is categorized as Large Cap Value Equities, while QQQM is Nasdaq-100. RPV tracks S&P 500 Pure Value Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.35% for RPV and 0.15% for QQQM.

Which has better risk-adjusted returns?

RPV currently has the higher Sharpe Ratio (2.63 vs 1.17), 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.