RPV vs. SOXQ

Last updated Jun 24, 2026

RPV (Invesco S&P 500® Pure Value ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - RPV is a Large Cap Value Equities fund tracking the S&P 500/Citigroup Pure Value Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, RPV returned 10.53%/yr vs 34.04%/yr for SOXQ. At a 0.44 correlation, their price movements are largely independent. RPV charges 0.35%/yr vs 0.19%/yr for SOXQ.

Performance

RPV vs. SOXQ - 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 PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPV achieves a 10.84% return, which is significantly lower than SOXQ's 90.62% return.

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%

SOXQ

• 1D: -7.82%
• 1M: 10.55%
• YTD: 90.62%
• 6M: 87.99%
• 1Y: 158.27%
• 3Y*: 57.61%
• 5Y*: 34.04%
• 10Y*: —

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

RPV vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RPV Invesco S&P 500® Pure Value ETF	10.84%	17.70%	12.41%	7.98%	-1.27%	2.36%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between RPV and SOXQ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.44

Over the past year, the correlation between RPV and SOXQ has dropped to 0.17 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

RPV vs. SOXQ - Sectors Allocation Comparison

Sectors	RPV	SOXQ
Financial Services	17.4%	0.1%
Healthcare	16.8%	-
Consumer Defensive	14.8%	-
Consumer Cyclical	11.4%	-
Energy	10.0%	-
Basic Materials	8.6%	-
Industrials	6.7%	-
Communication Services	5.5%	-
Utilities	3.9%	-
Technology	3.5%	100.0%
Real Estate	1.6%	-

Return for Risk

RPV vs. SOXQ — Risk / Return Rank

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

RPV

RPV Risk / Return Rank: 65
RPV Sharpe Ratio Rank: 65
RPV Sortino Ratio Rank: 67
RPV Omega Ratio Rank: 59
RPV Calmar Ratio Rank: 69
RPV Martin Ratio Rank: 66

SOXQ

SOXQ Risk / Return Rank: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

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. SOXQ - 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 PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.02	4.11	-2.09
Sortino ratio: Return per unit of downside risk	2.92	4.02	-1.10
Omega ratio: Gain probability vs. loss probability	1.35	1.58	-0.23
Calmar ratio: Return relative to maximum drawdown	3.34	10.22	-6.88
Martin ratio: Return relative to average drawdown	11.48	36.68	-25.19

RPV vs. SOXQ - Sharpe Ratio Comparison

The current RPV Sharpe Ratio is 2.02, which is lower than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of RPV and SOXQ, 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. SOXQ - Drawdown Comparison

The maximum RPV drawdown since its inception was -75.32%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for RPV and SOXQ.

Drawdown Indicators

	RPV	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-75.32%	-46.01%	-29.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-15.59%	+7.85%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-39.36%	+23.86%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-46.01%	+23.37%
Max Drawdown (10Y) Largest decline over 10 years	-50.67%	—	—
Current Drawdown Current decline from peak	-2.85%	-7.82%	+4.97%
Average Drawdown Average peak-to-trough decline	-10.66%	-12.87%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	4.33%	-2.08%

Volatility

RPV vs. SOXQ - Volatility Comparison

The current volatility for Invesco S&P 500® Pure Value ETF (RPV) is 3.56%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that RPV experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPV	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	22.04%	-18.48%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	32.49%	-23.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	38.78%	-25.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	37.34%	-19.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	37.24%	-15.37%

RPV vs. SOXQ - Expense Ratio Comparison

RPV has a 0.35% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

RPV vs. SOXQ - Dividend Comparison

RPV's dividend yield for the trailing twelve months is around 2.40%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RPV and SOXQ in my portfolio?

RPV and SOXQ have a correlation of 0.17, 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 SOXQ?

SOXQ has higher volatility (22.04%) compared to RPV (3.56%). In terms of maximum drawdown, RPV dropped -75.32% vs SOXQ's -46.01%.

Which ETF is better, RPV or SOXQ?

On 5-year performance, SOXQ leads with 34.04% vs 10.53% for RPV. On fees, SOXQ is cheaper at 0.19% per year. On volatility, RPV has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPV or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.04% return vs 10.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPV or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.35% for RPV.

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

RPV has the higher dividend yield at 2.40%, compared with 0.27% for SOXQ.

What is the main difference between RPV and SOXQ?

RPV is categorized as Large Cap Value Equities, while SOXQ is Semiconductors. RPV tracks S&P 500/Citigroup Pure Value Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.35% for RPV and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.11 vs 2.02), 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.