RPV vs. RZV
Compare and contrast key facts about Invesco S&P 500® Pure Value ETF (RPV) and Invesco S&P SmallCap 600® Pure Value ETF (RZV).
RPV and RZV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RPV is a passively managed fund by Invesco that tracks the performance of the S&P 500/Citigroup Pure Value Index. It was launched on Mar 1, 2006. RZV is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Value. It was launched on Mar 1, 2006. Both RPV and RZV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPV or RZV.
Key characteristics
| RPV | RZV | |
|---|---|---|
| YTD Return | 6.53% | -0.93% |
| 1Y Return | 21.21% | 20.70% |
| 3Y Return (Ann) | 5.15% | 5.64% |
| 5Y Return (Ann) | 9.07% | 12.26% |
| 10Y Return (Ann) | 7.71% | 7.13% |
| Sharpe Ratio | 1.50 | 0.98 |
| Daily Std Dev | 14.80% | 23.11% |
| Max Drawdown | -75.32% | -77.11% |
| Current Drawdown | -1.75% | -2.20% |
Correlation
The correlation between RPV and RZV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RPV vs. RZV - Performance Comparison
In the year-to-date period, RPV achieves a 6.53% return, which is significantly higher than RZV's -0.93% return. Over the past 10 years, RPV has outperformed RZV with an annualized return of 7.71%, while RZV has yielded a comparatively lower 7.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RPV vs. RZV - Expense Ratio Comparison
Both RPV and RZV have an expense ratio of 0.35%.
Risk-Adjusted Performance
RPV vs. RZV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) and Invesco S&P SmallCap 600® Pure Value ETF (RZV). 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.
Dividends
RPV vs. RZV - Dividend Comparison
RPV's dividend yield for the trailing twelve months is around 2.29%, more than RZV's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPV Invesco S&P 500® Pure Value ETF | 2.29% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% | 1.13% |
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.15% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% | 0.68% | 0.64% |
Drawdowns
RPV vs. RZV - Drawdown Comparison
The maximum RPV drawdown since its inception was -75.32%, roughly equal to the maximum RZV drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for RPV and RZV. For additional features, visit the drawdowns tool.
Volatility
RPV vs. RZV - Volatility Comparison
The current volatility for Invesco S&P 500® Pure Value ETF (RPV) is 3.34%, while Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a volatility of 4.69%. This indicates that RPV experiences smaller price fluctuations and is considered to be less risky than RZV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.