RPV vs. SPY
Compare and contrast key facts about Invesco S&P 500® Pure Value ETF (RPV) and SPDR S&P 500 ETF (SPY).
RPV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RPV and SPY 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 SPY.
Performance
RPV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RPV achieves a 17.79% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, RPV has underperformed SPY with an annualized return of 7.98%, while SPY has yielded a comparatively higher 13.10% annualized return.
RPV
17.79%
6.02%
13.83%
30.05%
9.61%
7.98%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| RPV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.70 |
| Sortino Ratio | 2.96 | 3.60 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 2.10 | 3.90 |
| Martin Ratio | 10.29 | 17.52 |
| Ulcer Index | 3.00% | 1.87% |
| Daily Std Dev | 14.86% | 12.14% |
| Max Drawdown | -75.32% | -55.19% |
| Current Drawdown | 0.00% | -0.85% |
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RPV vs. SPY - Expense Ratio Comparison
RPV has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between RPV and SPY is 0.81, 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.
Risk-Adjusted Performance
RPV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RPV's dividend yield for the trailing twelve months is around 2.05%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPV Invesco S&P 500® Pure Value ETF | 2.05% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% | 1.13% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RPV vs. SPY - Drawdown Comparison
The maximum RPV drawdown since its inception was -75.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPV and SPY. For additional features, visit the drawdowns tool.
Volatility
RPV vs. SPY - Volatility Comparison
Invesco S&P 500® Pure Value ETF (RPV) has a higher volatility of 5.55% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that RPV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.